Posts in category Business Standard
Gold price dips Rs 160 to Rs 60,710, silver falls Rs 150 to Rs 72,900 (27-05-2023)
The price of ten grams of 22-carat gold declined Rs 150 to Rs 55,650
Mansun Consultancy, P R Sundar settle case with market regulator Sebi (26-05-2023)
Mansun Consultancy and its promoters have settled with capital markets regulator Sebi a case on alleged violation of investment advisers norms.
Mansun and its promoters/directors -- P R Sundar and Mangayarkarasi Sundar -- paid Rs 15.60 lakh each towards the settlement charges, as per a Sebi order on Thursday.
Besides, the terms of the settlement also included the disgorgement of the fees collected by Mansun, along with the 12 per cent per annum interest -- from June 2020 till February 2023 -- of Rs 6.07 crore.
In the revised settlement terms, the applicants proposed that Mansun, PR Sundar and Mangayarkarasi "shall refrain from buying, selling or otherwise dealing in securities in India for a period of one year from the date of passing of the settlement order".
"The Applicants shall refrain from buying, selling or otherwise dealing in securities markets for a period of one year from the date of passing of the settlement order," Sebi's Chief General Manager Anitha Anoop, said in the
Indices gain nearly 1% to end week at 5-month high; Sensex up 629 points (26-05-2023)
Besides the US inflation numbers, Indian macroeconomic data due next week will likely determine the market trajectory
Indices gain nearly 1% to end week at 5-month high; Sensex up 629 points (26-05-2023)
Besides the US inflation numbers, Indian macroeconomic data due next week will likely determine the market trajectory
In financial frauds, CFOs failing as first gatekeepers: Sebi’s S K Mohanty (26-05-2023)
The Sebi official pointed out that one of the major areas of concern is that the regulator has seen the rise in related-party transactions
In financial frauds, CFOs failing as first gatekeepers: Sebi’s S K Mohanty (26-05-2023)
The Sebi official pointed out that one of the major areas of concern is that the regulator has seen the rise in related-party transactions
Sebi to issue MF light regulations for passive funds to ease compliance (26-05-2023)
Markets regulator Sebi will come out with a mutual fund light regulations for passive funds as part of efforts to reduce the compliance burden, foster growth as well as lower costs to investors, a senior official said on Friday.
Passive funds 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.
The regulator is looking to reduce compliance requirements for passive funds that are tied to changes in the underlying index and operate on a non-discretionary basis.
To accommodate passive investments, such as index funds and ETFs, the regulator is introducing mutual fund light regulations, Sebi Whole Time Member Ananta Barua said.
"These regulations will provide greater flexibility for index funds and ETFs, enabling them to offer transparency, diversification, and lower costs to investors.
"By easing the compliance burden, Sebi aims to foster the growth
Crypto wrap: US debt ceiling negotiations keeping market on the toes (26-05-2023)
The negotiations around the US debt ceiling have been slow, but media reports suggest that US President Biden and US House of Representatives Kevin McCarthy appeared to be nearing a deal on Thursday
Crypto wrap: US debt ceiling negotiations keeping market on the toes (26-05-2023)
The negotiations around the US debt ceiling have been slow, but media reports suggest that US President Biden and US House of Representatives Kevin McCarthy appeared to be nearing a deal on Thursday
Global money market funds attract heavy inflows as US debt ceiling looms (26-05-2023)
U.S. money market funds received $39.89 billion worth of inflows but investors sold European and Asian funds of $15.76 billion and about $30 million, respectively