Posts in category Business Standard
Domestic ownership falls 1st time in 7 quarters, rise in foreign investment (07-08-2023)
FPI shareholding rises by 7 bps on the back of Rs 1 trillion investment during June 2023 quarter
Sebi’s success rate before Securities Appellate Tribunal improves (07-08-2023)
The regulator saw a remarkable drop in the number of pending cases -- from 426 at the end of FY22 to just 160 in FY23
Sebi’s success rate before Securities Appellate Tribunal improves (07-08-2023)
The regulator saw a remarkable drop in the number of pending cases -- from 426 at the end of FY22 to just 160 in FY23
ED seizes Rs 1,144 cr crime proceeds, arrests 20 in crypto fraud cases (07-08-2023)
The Enforcement Directorate has seized proceeds of crime amounting to Rs 1,144 crore and arrested 20 persons in cases related to frauds in cryptocurrency/ virtual digital assets, Minister of State for Finance Pankaj Chaudhary said on Monday.
Further, under Foreign Exchange Management Act, 1999 (FEMA) assets amounting to Rs 270.18 crore have been seized under section 37A of FEMA and one show cause notice to cryptocurrency exchange Zanmai Labs Pvt Ltd, known as WazirX, and its Directors under FEMA for transactions involving cryptocurrencies worth Rs 2,790.74 crore has also been issued.
In a written reply in the Lok Sabha, as per the Financial Action Task Force (FATF), the anonymity associated with virtual assets attracts criminals.
"The Directorate of Enforcement is investigating several cases related to crypto currency / virtual digital currency frauds wherein a few crypto exchanges have also been found involved in money laundering," Chaudhary said.
The ED has taken action as per ..
Sebi’s refund to Sahara investors reach to Rs 138.07 cr in 11 yrs (07-08-2023)
Sebi has made refunds of Rs 138.07 crore to investors of two Sahara companies in 11 years, while the amount deposited in specially-opened bank accounts for the repayment has surged to more than Rs 25,000 crore.
These disclosures have been made by the Securities and Exchange Board of India (Sebi) in its latest annual report.
In the absence of claims from a majority of the bondholders of the two Sahara companies, which were asked to return the money to nearly 3 crore investors along with interest in August 2012 through a Supreme Court order, the total amount refunded by Sebi inched up by just about Rs 7 lakh during the last fiscal, 2022-23, while the balance in Sebi-Sahara refund accounts rose by Rs 1,087 crore during the year.
In its annual report, Sebi said it received 19,650 applications involving 53,687 accounts as on March 31, 2023. Of these, "refunds have been made with respect to 17,526 applications involving 48,326 accounts for an aggregate amount of Rs 138.07 crore including
Financial services attract bulk of FPI flows in July’s second half (07-08-2023)
They also bought shares worth Rs. 1,609 crore in auto and auto components and Rs. 1,520 in construction stocks
One97 Communications shares jump nearly 7% as Sharma buys Paytm stake (07-08-2023)
Shares of fintech firm One97 Communications jumped nearly 7 per cent on Monday, following news that its founder and CEO Vijay Shekhar Sharma will acquire 10.30 per cent stake in Paytm from Antfin (Netherlands) Holding BV, through an off-market transfer in a no-cash deal.
The stock of Paytm's parent firm climbed 6.95 per cent to settle at Rs 850.75 apiece on the BSE. During the day, it zoomed 11.57 per cent to Rs 887.55.
On the NSE, it rallied 6.82 per cent to end at Rs 851 per share. During the day, it jumped 11.43 per cent to Rs 887.70.
The company's market valuation advanced Rs 3,511.4 crore to Rs 53,957.14 crore.
Antfin will continue to hold the economic rights of the stake that is being transferred to Sharma.
As per the deal, Sharma will purchase 10.30 per cent shareholding in Paytm from Antfin through his 100 per cent owned overseas entity -- Resilient Asset Management BV.
Resilient Asset in return will issue debt instrument OCDs (optionally convertible debentures) to ...
Sebi plans changes to force disclosures from conglomerates, unlisted firms (07-08-2023)
The Securities and Exchange Board of India (SEBI) plans to review and standardise disclosures in public offer documents issued by private and listed companies
Sebi looking to introduce ‘MF Lite’ regulations for passive funds (07-08-2023)
Capital markets regulator Sebi is engaged with the mutual fund industry to introduce 'MF Lite' regulations for passive funds, a move that will reduce the compliance burden and foster innovation.
A passive fund is an investment vehicle that tracks a market index or a specific market segment. These funds include passive index funds, Exchange Traded Funds (ETFs), and Fund of Funds investing in ETFs.
"Since the current MF regulatory framework was built around active fund management, Sebi is planning to introduce Mutual Fund Lite regulations for passive funds, wherein investment decisions are not discretionary, but tied to changes in the underlying benchmark index," the regulator said in its annual report for 2022-23, which was released on Monday.
These new regulations are expected to significantly reduce the compliance requirements of passive funds and foster innovation in the passive fund ecosystem, it added.
The regular mutual fund schemes, which raise money from the public, have to
TVS Supply Chain public issue on August 10, price band set at Rs 187-197 (07-08-2023)
The total issue size is set at Rs 880 crore, including fresh issue aggregates up to Rs 600 crore, and an offer for sale of 14.23 million equity shares