The proceeds would be used for ‘green’ projects such as solar power, wind and small hydro projects and other public sector projects that help reduce the economy’s carbon footprint
Posts in category Business Standard
Gold, silver unchanged; yellow metal sells at Rs 57,490 per 10 grams (26-01-2023)
Silver is selling at Rs 72,500 per kg
Sebi penalises PMIA, directors for Rs 28 lakh for violating market norms (25-01-2023)
Sebi on Wednesday levied penalties totalling Rs 28 lakh on Pinnacle Market Investment Advisory (PMIA) and its directors for violating regulatory norms.
PMIA is a Sebi-registered Investment Adviser (IA) and its directors are Abhishek Patel, Shekhar Mishra and Parul Sahu.
The regulator slapped a fine of Rs 13 lakh on PMIA and Rs 5 lakh each on Patel, Mishra and Sahu.
In addition, Sebi directed PMIA and its directors to resolve the complaints pending against Pinnacle in SCORES within seven days and further settle pending refunds within thirty days.
Also, the regulator restrained them from the securities market and also restricted them to issue prospectus, offer document or solicit money for a period of three years.
Further, the regulator prevented PMIA and its directors from selling their assets, properties and mutual funds held by them in demat and physical form for other than the purpose of making the refunds.
The order came after Sebi received multiple complaints against PMIA.
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Private banks post 31.7% YoY growth in Q3, net profit rises to Rs 35,166 cr (25-01-2023)
Healthy interest margins, credit offtake boost bottomline; provisions show subdued rise on better asset quality
Sebi study suggests 89% retail traders in equity F&O suffered losses (25-01-2023)
Sebi on Wednesday said it will soon issue guidelines on additional risk disclosures required to be made by brokers and exchanges to investors as its study suggested that every 9 in 10 individual traders in the equity F&O segment suffered losses in FY 2021-22.
The findings, part of a study conducted by the regulator under the supervision of a working group, analysed the trading by individual investors with regard to net profit or loss encountered by them in the equity F&O (Futures & Options) segment for the period FY19 and FY22 only.
The study is based on a sample of all individual clients of all the top-10 stock brokers, accounting for 67 per cent of the overall individual client turnover in the equity F&O segment during FY 2021-22.
It revealed that 89 per cent of the individual traders (9 out of 10 individual traders) in the equity F&O segment incurred losses, with an average loss of Rs 1.1 lakh during FY22. Moreover, 90 per cent of the active traders incurred …
Stocks slide in volatile trading in run-up to Budget, Fed Reserve meet (25-01-2023)
Nifty50 down 1.3%; Bank Nifty slips 2.5%; FPIs withdraw Rs 2,394 cr
Stocks slide in volatile trading in run-up to Budget, Fed Reserve meet (25-01-2023)
Nifty50 down 1.3%; Bank Nifty slips 2.5%; FPIs withdraw Rs 2,394 cr
Sebi to introduce more safeguards for F&O as traders’ losses mount (25-01-2023)
Regulator’s study on F&O segment shows over 90% traders incurred losses in FY22, with the average hit over 15x the earnings of the 10% who made profits
Domestic demand drives Bajaj Auto’s small profit growth; net up by 3% (25-01-2023)
On a standalone basis, the company’s net profit was up 23 per cent to Rs 1,491 crore
Sebi bans entities from market in unauthorised investment advisory case (25-01-2023)
Sebi on Wednesday barred Safe Trader and its proprietor Rajnandani Jalkhediya from the securities markets for providing unauthorised investment advisory services and also imposed a penalty of Rs 2 lakh on them.
In addition, they have been asked to refund Rs 39.64 lakh collected from the clients as fees in respect of their unregistered investment advisory activities.
In its order, Sebi found that the entities were providing investment advisory services without obtaining a registration certificate from the regulator, which was in violation of the provisions of Investment Advisers (IA) rules.
The order revealed that over Rs 39 lakh were credited in the accounts of the entities between August 2020 and July 2021.
“The noticees (Safe Trader and its proprietor) without holding a certificate of registration as investment adviser have knowingly disseminated false information/made misleading statements and held themselves out as investment adviser on their website. Thus, I find that the …