Posts in category Business Standard
Sideways trend in Nifty FMCG, Private Bank index; Check key levels to watch (02-08-2023)
Nifty Private Bank index to face resistance between 23,550-23,650; Nifty FMCG remains range-bound, says Ravi Nathani
Stock Market Live: Global shares muted as Fitch lowers US credit rating (02-08-2023)
Stock Market Live Updates: At 6:55 am, the Gift Nifty quoted 19,778 levels, down 33-odd points
Nifty holding above key DMAs, to make new high on breakout from this hurdle (02-08-2023)
Nifty is bullish as it has been holding above 20,50 and 100 DMAs, says Vinay Rajani, gives buy calls on Voltamp and Kalyani Steels
Sebi fines MSEI, its MD, CFO for flouting Securities Contracts rules (01-08-2023)
Capital markets regulator Sebi on Tuesday imposed a penalty totalling Rs 12 lakh on Metropolitan Stock Exchange of India Ltd (MSEI), its managing director Latika Kundu and HR head as well as chief financial officer Saket Bhansali for violating Securities Contracts rules.
They have been directed to pay the fine within 45 days, the Securities and Exchange Board of India (Sebi) said in its order.
In its order, Sebi found that MSEI during preparation of the books of accounts on a going concern basis failed to provide necessary projections in terms of Indian AS1 (Accounting Standard 1) and failed to seek relaxation regarding Key Management Personnel (KMP).
Further, Kundu has failed to follow Standard Operating Procedure (SOP) while appointing employees, failed to designate a few employees as KMP and gave clean chit to the exchange's two officials -- Kundan Zamvar and Kunal Sanghavi, even after knowing the fact that their names were highlighted in anomalies concerning mismanagement in ...
Sebi at work: Curbs on account aggregator usage, commodity brokers barred (01-08-2023)
The markets regulator on Tuesday amended its previous circular on trading preferences between exchanges
Sebi floats consultation paper to improve Account Aggregator framework (01-08-2023)
Sebi on Tuesday came out with a proposal on collating and defining use cases of Financial Information Users (FIUs) in the Account Aggregator framework in securities markets.
This is aimed at improving the safeguards within the Account Aggregator or AA framework to curb misuse of the financial information in frauds and mis-selling.
An Account Aggregator, a RBI-regulated Non-Banking Finance Company (NBFC), helps an individual securely and digitally access and share information from one financial institution they have an account with to any other regulated financial institution in the AA network.
AAs cannot see or store customer data since the data processed through them is encrypted, they merely transmit it from one financial institution to another based on a customer's direction and consent.
In its consultation paper, Sebi said that there could be certain situations in the securities market when "financial information" of a client could be sought using the AA framework. These inclu
Investment firm attempts to sell assured return product to Sebi official (01-08-2023)
Capital markets regulator Sebi has imposed a penalty of Rs 12 lakh on investment adviser Investment Visor for promising assured returns, making misleading claims on its website and mis-selling to clients.
Praveen Verma is the proprietor of Investment Visor.
Incidentally, one of the employees of Investment Visor called up a Sebi official in the Indore Local Office and offered assured profit or return, the markets regulator said in its order passed on Monday.
During the call, the employee was informed that the daily average return being delivered or given by the calls of Investment Visor on the invested amount of the clients is around 20 per cent to 30 per cent, the order mentioned.
Moreover, the employee informed the official that risk profiling of the client is being done by Sebi-Mumbai.
Apart from these, other violations by Investment Visor include failure to resolve complaints received on SEBI Complaints Redress System (SCORES); collection of GST from clients even after cancella
Investment firm attempts to sell assured return product to Sebi official (01-08-2023)
Capital markets regulator Sebi has imposed a penalty of Rs 12 lakh on investment adviser Investment Visor for promising assured returns, making misleading claims on its website and mis-selling to clients.
Praveen Verma is the proprietor of Investment Visor.
Incidentally, one of the employees of Investment Visor called up a Sebi official in the Indore Local Office and offered assured profit or return, the markets regulator said in its order passed on Monday.
During the call, the employee was informed that the daily average return being delivered or given by the calls of Investment Visor on the invested amount of the clients is around 20 per cent to 30 per cent, the order mentioned.
Moreover, the employee informed the official that risk profiling of the client is being done by Sebi-Mumbai.
Apart from these, other violations by Investment Visor include failure to resolve complaints received on SEBI Complaints Redress System (SCORES); collection of GST from clients even after cancella
Stock market settlement cycles: India’s shift from T+2 to T+1 explained (01-08-2023)
As the stock market shift from T+2 to T+1 settlement cycle, find out what settlement cycles are and what this means for India's stock market
Anand Rathi hits record high on healthy Q1 results; stock up 43% in a month (01-08-2023)
The management hailed the Q1 performance and said that the demand for wealth management services has increased significantly due to availability of a wide range of investment options