Posts in category Business Standard
Sebi approves far-reaching changes for mutual fund, broking industry (29-03-2023)
Board gives nod for ASBA-like facility for secondary market, sponsor-less AMCs
Sebi paves way for Rs 33,000-crore ‘backstop’ for debt mutual funds (29-03-2023)
Sebi told reporters that chosen debt MFs will contribute 2 basis points of their assets under management towards the fund
The next day: Adani Group stocks rise after group denies news reports (29-03-2023)
As a result, the combined market capitalisation of the group rose by over Rs 20,000 crore
Sebi to put in place framework to prevent frauds by stock brokers (29-03-2023)
To strengthen corporate governance norms, Sebi decided to end the practice of individuals having permanent seats on boards of listed companies
Sebi bans 6 entities from securities market in front running case (29-03-2023)
Capital markets regulator Sebi has restrained six entities, including Banhem Stock Broking and Ninja Securities, from the securities market and impounded wrongful gains of Rs 2.23 crore from them for involving in front running trades of Anvil Wealth Management.
Apart from these two, the other entities banned by the regulator are Kaushal Chandarana, Manish Mehta, Kashmira Mehta and Sumatilal Mehta.
Also, the entities have been directed not to dispose of any of their assets or securities, till such time the amount of wrongful gains is credited, the Securities and Exchange Board of India (Sebi) said in its interim order on Tuesday.
In its order, Sebi found that Ninja and Banhem traded in different securities ahead of the impending orders placed on behalf of portfolio management service provider Anvil Wealth Management. It was further noted that the common director of Ninja and Banhem -- Manish Mehta -- was connected with Kaushal Chandarana, portfolio manager of Anvil.
It was observed
SPC Lifesciences files draft papers with Sebi for initial public offer (29-03-2023)
Pharmaceutical ingredients maker SPC Lifesciences Ltd has filed preliminary papers with the capital market regulator Sebi to raise funds through an initial public offering.
The Initial Public Offering (IPO) consists of fresh issuance of equity shares worth Rs 300 crore and an Offer For Sale (OFS) of 89.39 lakh equity shares by promoter -- Snehal Rajivbhai Patel -- according to the draft red herring prospectus.
The company may consider a pre-IPO placement aggregating up to Rs 60 crore and if such a placement is completed, then the fresh issue size will be reduced.
The proceeds from the fresh issue will be used to pay debt, to support working capital needs and to fund capital expenditure requirements for setting up Phase-2 at its Dahej facility in order to expand product offerings of pharmaceutical intermediates, and for general corporate purpose.
Gujarat-based SPC Lifesciences is a leading manufacturers of advanced intermediates for certain key active pharmaceutical ingredients.
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Indian stock market to remain closed tomorrow on account of Ram Navami (29-03-2023)
Stock market holiday: The Multi Commodity Exchange (MCX) will open for trading in the evening session at 5 PM
DBS Bank India offers Morningstar-curated investments on risk preference (29-03-2023)
The feature called 'digiportfolio' uses tech and human expertise to customise investment options for different investors
Bharti Airtel falls 3% in two days; stock nears 6-month low (29-03-2023)
Thus far in the calendar year 2023, Bharti Airtel has tumbled 9%, as compared to 6% decline in the S&P BSE Sensex and 13% fall in Reliance Industries' shares
This smallcap aerospace & defense stock has zoomed 73% thus far in 2023 (29-03-2023)
Zen Technologies believes that it will play a significant supporting role in the government's prestigious Agnipath initiative and efforts to modernize training.