Sebi
Sebi chief bats for full disclosure by its board members
Buch, who led Sebi for three years, came under attack after the now-defunct Hindenburg Research and the Congress party levelled serious allegations against her around conflict of interest. Buch and Sebi issued statements denying these claims.
Nestle India receives warning letter from SEBI over breach of insider trading norms
Market watchdog SEBI has issued a warning letter to FMCG major Nestle India over alleged violation of Insider Trading norms by a senior official of the company.
After Madhabi Buch controversies, Sebi to reveal cases of conflict of interest of board members
Tuhin Kanta Pandey, the new chairman of Sebi, emphasized the importance of small, cumulative reforms over big-bang changes for effective market regulation. At a Moneycontrol summit, he assured market participants that Sebi would introduce a plan to disclose any potential conflicts of interest among its board members, aiming to maintain transparency and trust with stakeholders.
Sebi extends deadline till Mar 31 to submit public comments on unclaimed funds, securities
Markets regulator Sebi on Friday extended the deadline till March-end to submit public comments on the proposed guidelines on the treatment of unclaimed funds and securities lying with brokers.
Appointment of new Sebi chairman: A key moment for financial services regulation in India
Shri Tuhin Kanta Pandey has been appointed as the new SEBI Chairman, praised for his expertise and background in both regulation and public asset management. His appointment follows the 2025 Union Budget, which emphasizes deregulation and trust-based governance, aiming to enhance investment efficiency and foster business growth. This strategic move promises improved coordination between financial regulators.
Sebi proposes lower application size for ZCZP
In its consultation paper, Sebi has proposed that minimum application size for ZCZP issuance should be reduced to Rs 5,000 or to a much smaller amount of Rs 1,000 so as to enable more retail participation in ZCZP issuances by NPO on SSE.
Don't register FIR against Sebi, BSE officials till hearing on March 4: Bombay High court
The Bombay High Court will hear the case involving SEBI and BSE against an ACB court order concerning alleged irregularities in the 1994 listing of Cals Refineries. SEBI and BSE claim that the officials named were not in their positions during the alleged events and assert the application is frivolous.
Sebi gives relaxation in timeline for reporting differential rights issues by AIFs
Sebi extended the deadline to March 31, 2025, for Alternative Investment Funds (AIFs) to report differential rights issues. The initial deadline was February 28, 2025. This move follows requests from the AIF industry for more time to comply with regulatory guidelines introduced in late 2022.
Sebi looking at proposal to ease curbs on short-selling in stocks
The new recommendations, if implemented, could allow short-selling in all stocks, barring those in the trade-to-trade, or T2T, segment, said sources with direct knowledge of the matter. Sebi officials, during the discussions, agreed to give the plan another thought, they said. An email to Sebi went unanswered till press time.
PB Fintech's Dahiya settles alleged insider trading case with Sebi
Last year on April 5, Sebi issued a show cause notice to Dahiya alleging failure to identity acquisition of 26.72% shares of YKNP Marketing Management by PB Fintech through its subsidiary PB Fintech FZ-LLC as unpublished price sensitive information as per insider trading rules.
CitiCorp Investment Bank pays Rs 36 lakh to settle FPI rules violation case with Sebi
CitiCorp Investment Bank (Singapore) Ltd on Thursday settled with Sebi a case relating to issuance of offshore derivative instruments to Symmetry Master Fund Ltd without completing the KYC norms, on payment of Rs 36 lakh.
Sebi's total income rises 48% to Rs 2,075 cr in 2023-24
Capital markets regulator Sebi's total income rose 48 per cent year-on-year to Rs 2,075 crore in 2023-24, driven by increased earnings from fees and subscriptions.
Sebi to challenge court order which sought an FIR against ex-chief Madhabi Puri Buch and others
A Mumbai court ordered an FIR against former Sebi chief Madhabi Puri Buch, two BSE officials, and others based on a complaint deemed frivolous by Sebi and BSE. The allegations involve irregularities in a company's 1994 listing. Buch, who faced conflict of interest allegations during her tenure, served as Sebi Chairperson until March 2023.
Tuhin Kanta Pandey assumes charge as SEBI chairman
Tuhin Kanta Pandey, previously the Finance Secretary, has taken over as the new chairman of Sebi, succeeding Madhabi Puri Buch. Welcomed by Sebi's whole-time members, Pandey arrived at Sebi's headquarters after his appointment by the government. Madhabi Puri Buch’s three-year tenure ended on Friday, and due to her illness, she was not present during Pandey’s arrival.
Sebi's F&O cleanup takes 20% retail option traders away from derivatives market
Sebi introduced a six-step framework late last year, implementing measures such as increasing options contract sizes and limiting weekly expiries to one per exchange. These rules followed a study revealing that retail traders lost nearly Rs 1.8 lakh crore over the past three years by gambling their savings in volatile trades.
Tuhin Kanta Pandey takes over as Sebi chairman
Tuhin Kanta Pandey has been appointed as the eleventh chairman of Sebi. He takes over from Madhabi Puri Buch, whose tenure ended on Friday. Pandey emphasized the importance of trust, transparency, teamwork, and technology in maintaining Sebi’s robust market institution status. The Sebi chief expressed the aim to continue building the world’s best market institutions.
Five individuals settle regulatory violation case with Sebi; pay Rs 95.55 lakh
As many as five current and former officials of Add-Shop E-Retail Ltd (ASERL) and White Organic Agro Ltd (WOAL) on Thursday settled a case with Sebi pertaining violation of regulatory norms and made a payment of Rs 95.55 lakh towards the settlement amount.
Bombay HC extends stay on filing of FIR against ex-SEBI chief Madhabi Puri Buch & officials
The Bombay High Court stayed a special court's order directing the registration of an FIR against former SEBI Chairperson Madhabi Puri Buch and other officials over alleged irregularities in the 1994 listing of Cals Refineries on the BSE. The case involves claims of procedural lapses and market manipulation. Buch, who faced various allegations during her tenure, denied the accusations.
SEBI, BSE officials get temporary relief as Bombay HC stays FIR registration
Before that Solicitor General of India Tushar Mehta and Senior Counsel Amit Desai appeared for Sebi (Securities & Exchange Board of India) Buch and a WTM (whole time member) Bhatia and BSE officials Pramod Agarwal, BSE Chairman respectively and sought the court’s intervention to hear the matter expeditiously.
Ex-Sebi boss Madhabi Buch under scanner as court orders FIR in alleged market fraud case
A Mumbai court has ordered an FIR against former Sebi chief Madhabi Puri Buch for alleged stock market fraud and regulatory violations. Reports indicate lapses in handling market irregularities. Buch, during her tenure, was accused of conflict of interest and witnessed dissatisfaction among employees. Sebi undertook critical investigations and reforms under her leadership.
Sebi new chairman Tuhin Kanta Pandey takes charge, says goal to make regulator best market institution
Tuhin Kanta Pandey has taken charge as the 11th chairman of SEBI, succeeding Madhabi Puri Buch. The seasoned bureaucrat aims to bolster SEBI as a leading market institution, focusing on trust, transparency, teamwork, and technology. Pandey brings extensive experience in economic policy and financial administration.
The last bell rings for Sebi chief Madhabi Puri Buch today. A look at her 3-year career
Buch, the first woman and private-sector executive to lead Sebi, implemented major market reforms, such as restrictions on retail derivatives trading and enhanced regulation of brokers.
Sebi modifies guidelines on nomination facilities in securities market
Markets regulator Sebi on Friday modified its guidelines and issued necessary clarifications on nomination facilities in the securities market in a bid to make the process of transmission and nomination easier for demat accounts and mutual fund (MF) folios.
SEBI, BSE to challenge court order for FIR against Madhabi Puri Buch and other officials
The Securities and Exchange Board of India (SEBI) and BSE intend to challenge a Mumbai court’s order for an FIR against former and current officials for alleged irregularities in listing permissions. SEBI and BSE claim the application is frivolous, and authorities are reviewing if the case should be referred to the CBI due to its implications.
ET In The Classroom: Specialised Investment Fund
The Specialised Investment Fund is a new investment product introduced by Sebi. The regulator believes that over the years a gap has emerged between mutual funds (MFs) and portfolio management schemes (PMS) in terms of portfolio flexibility, thereby creating an opportunity for a new investment product.
Bombay High Court asks Anti-Corruption Bureau not to file FIR against Madhabi Puri Buch, 5 others yet
The Bombay High Court has temporarily barred the Anti-Corruption Bureau from acting on a lower court's order to file an FIR against former Sebi chief Madhabi Puri Buch and others for alleged stock market manipulation. This decision comes after the officials challenged the April 1 special court order for not being heard before the decision.
Good that SEBI's hearing voices
Sebi has formalized a public consultation process for securities regulations, requiring draft regulations to be published and feedback to be sought for at least 21 days. This move aligns Sebi with global standards, enhancing accountability, transparency, and stakeholder engagement.
Meet Tuhin Kanta Pandey, the babu who led Air India’s sale, now SEBI’s new head
Tuhin Kanta Pandey has been appointed as the 11th Chairman of the Securities and Exchange Board of India (SEBI), taking over from Madhabi Puri Buch. A seasoned bureaucrat, Pandey steps in at a time of market turbulence, with foreign investors pulling out billions. His extensive experience in finance, privatisation, and economic policy will be critical in shaping SEBI’s future. Meanwhile, Buch, India’s first female SEBI chief, leaves behind a legacy of reforms, but not without controversy. This transition marks a crucial phase for India’s financial markets.
Govt appoints Finance Secretary Tuhin Kanta Pandey as SEBI chief for a three-year term
Finance Secretary Tuhin Kanta Pandey has been appointed as the next SEBI chief, succeeding Madhabi Puri Buch. Buch's tenure, which ends on February 28, was marked by regulatory challenges and allegations, including those related to her investments in offshore funds linked to the Adani Group.
Sebi permits all NBFCs, HFCs to invest in security receipts by Asset Reconstruction Cos
Markets regulator Sebi has allowed all non-banking financial companies (NBFC), including housing finance companies, to invest in security receipts issued by Asset Reconstruction Companies (ARCs), a move aimed at encouraging investments in the bad loans space.
Sebi launches centralised database portal for corporate bonds
Sebi has launched Bond Central, a centralised database portal for corporate bonds, created by the OBPP Association with support from Market Infrastructure Institutions. The portal aims to enhance transparency and informed decision-making by providing detailed risk assessments, corporate bond documents, and comparisons with Government Securities. It offers a unified view of corporate bonds, accessible free of cost to the public.
Finance secy Tuhin Kanta Pandey to be new Sebi chief
The government has appointed Tuhin Kanta Pandey as the new chairperson of Sebi, succeeding Madhabi Puri Buch. Pandey, an IAS officer with extensive public policy experience, will serve an initial term of three years. Buch faced allegations of conflict of interest in a probe against the Adani Group but denied any wrongdoing.
Tuhin Kanta Pandey appointed new SEBI Chairperson for 3-year term, to succeed Madhabi Puri Buch
As per a notification from the Appointments Committee of the Cabinet (ACC) on Thursday, February 27, the Cabinet has approved the appointment of Pandey, IAS (OR: 1987), currently the Finance Secretary and Secretary of the Department of Revenue, to the position of SEBI Chairman.
Who is Tuhin Kanta Pandey, the new SEBI chief to succeed Madhabi Puri Buch?
Tuhin Kanta Pandey has been appointed as the new Chairman of SEBI, succeeding Madhabi Puri Buch. Previously serving as Finance Secretary, Pandey brings extensive experience in financial management and governance, having played key roles in the sale of Air India and the public listing of LIC.
Sebi's recent directive on 'minimum info' has inconsistencies, laughable: Damodaran
Capital markets regulator Sebi's recent directive on minimum information has many inconsistencies and is "laughable", former Sebi chairman M Damodaran said on Wednesday.
New SEBI rule: Revamped mutual fund and demat account nomination rules come into effect from today; things you need to know
SEBI nomination rules: Revamped nomination rules for mutual fund and demat account comes into effect from today i.e. March 1, 2025. These rules aim at improving the experience of investors and potentially solve legal succession related disputes. Experts say these rules can also help in legal heir and succession planning too if certain steps are taken. Read below to know more.
Lock, Stock & Madhabi Puri Buch: A miss here, a hit there
According to Sebi watchers, her efforts to make equity investing safer for investors were partly eclipsed by controversies around conflicts of interest and leadership style, which critics termed temperamental
Quant Mutual Fund files draft papers with Sebi for an arbitrage fund
Quant Mutual Fund has filed a draft with Sebi for an open-ended arbitrage fund, aiming to generate capital appreciation and income by investing in arbitrage opportunities in the cash and derivative segments of equity markets, along with debt and money market instruments. The scheme will be benchmarked to Nifty 50 Arbitrage TRI and managed by Sanjeev Sharma, Sameer Kate, and Yug Tibrewal.
Sebi fines Indian Clearing Corporation Rs 5 cr. BSE arm in violation of cyber, network audit norms
Sebi imposed a ₹5 crore penalty on Indian Clearing Corporation (ICCL) for non-compliance with cyber and network audit norms. ICCL failed to maintain updated inventory records, identify critical assets, and address cyber audit observations within the prescribed timelines.
Sebi warns public against buying properties of HBN Dairies
Markets regulator Sebi has cautioned public against buying and dealing with any property belonging to HBN Dairies & Allied Ltd. The cautionary statement comes after Sebi discovered that some individuals or entities are interfering with the auction process by spreading false rumours, pretending to be Sebi officials, and trespassing on HBN properties.
Sebi permits 'Associations of Persons' to open demat accounts in their own name
Markets regulator Sebi on Tuesday allowed Associations of Persons (AoP) to open demat accounts in their own name, enabling them to hold mutual fund units, corporate bonds, and government securities. However, such demat accounts will not be used for holding equity shares.
BSE may lose up to 4% F&O market share as fight intensifies with NSE's expiry shift: Nuvama
NSE will change the expiry of its derivatives contracts to Monday starting April 4, potentially reducing BSE's market share from 22% to 18% by February 2025. BSE had previously benefited by shifting its expiry to Tuesday, which boosted its index option premium market share.
Sebi proposes fresh steps to tighten derivative market rules
SEBI has introduced proposals to lower position limits for equity stock derivatives and tighten index derivatives rules to reduce market risks. New position limits will be linked to cash markets, and tighter criteria for offering index derivatives are planned. Feedback from market participants is solicited by March 17th.
Explained: What does Sebi’s new asset class Specialized Investment Fund offer
A mutual fund registered with SEBI regulations can set up an SIF, provided it has been operational for at least three years and has maintained an average assets under management (AUM) of Rs 10,000 crore over the past three years, or by following the alternate route.
Unwilling to bear a Bear Scare, companies halt IPO fair
Of the 44 companies that have secured Securities and Exchange Board of India (Sebi) approval for their IPOs, most have deferred plans to the next quarter, with some even considering lowering valuations and issue sizes, according to market participants.
New SIF regulations pave way for a new frontier in the investment space: Radhika Gupta
On Thursday, SEBI issued a circular outlining the regulations for Specialized Investment Funds (SIF), specifying that these regulations will take effect from April 1.
Ajay Seth takes additional charge as Revenue Secretary
The government has appointed Ajay Seth, secretary of the Department of Economic Affairs, as the additional revenue secretary, effective immediately. This follows the vacancy left by Tuhin Kanta Pandey's recent appointment as chairman of Sebi. Seth, a 1987-batch IAS officer from Karnataka, will serve in this role until a permanent replacement is named or further directives are issued.
Sebi issues framework for Specialised Investment Funds
SIF falls between mutual funds and portfolio management services and is aimed at wealthier investors. One will have to invest a minimum of ₹10 lakh in SIF.
BSE shares slip 5% as Goldman Sachs slashes target price on regulatory concerns
BSE share price: Goldman Sachs reduced its target price on BSE shares to Rs 4,880 from Rs 5,650, while maintaining a "neutral" rating. The brokerage noted that nearly 70% of BSE’s average daily turnover is driven by proprietary traders, whose activity may be impacted by upcoming regulatory changes.
IPO activity slows down, no main-bourse listings in last 3 weeks
After heightened activity in 2024, there has been a slowdown in new listings, with no main-bourse IPOs hitting the market in the past three weeks due to a correction in the secondary market.
Mumbai: ED conducts searches in Rs 4,500-cr worth investment 'fraud' case
The Enforcement Directorate conducted raids on Pancard Clubs Limited for allegedly duping over 50 lakh investors of Rs 4,500 crore through fraudulent investment schemes. Documents were seized relating to overseas assets and attempts to dispose of them. The case involves violations of SEBI and RBI norms, with charges under the Prevention of Money Laundering Act.
10 takeaways from Sebi's latest consultation paper on risk monitoring in equity derivatives
Sebi has proposed key reforms in the F&O segment to curb market volatility and enhance risk management. Changes include a Delta-based Open Interest computation, reducing artificial ban periods, recalibrating Market Wide Position Limits (MWPL), and strengthening intraday monitoring.
Volumes take a plunge as selloff, tougher norms hit sentiment
In February, trading volumes in the equity and derivatives segments continued to decline, hitting a 15-month low. This decrease is attributed to market volatility and new SEBI regulations designed to curb excessive speculation. The drop in retail trader activity has also impacted the revenue estimates from securities transaction tax (STT).
Meir Commodities files draft papers with Sebi to raise funds via IPO
Meir Commodities India Ltd has filed preliminary papers with markets regulator Sebi seeking its approval to raise funds through an initial public Offering (IPO).
Broker and exchange stocks tumble as trading volumes slip
The combined average daily trading volume in the equity segment of BSE and NSE fell 13% in February - a 15-month low - over the previous month in the wake of the slump in the stock market. It dropped 44% compared to the average turnover in 2024.
Shiv Nadar gifts 47% stake in HCLTech promoter firms to daughter Roshni
This makes Roshni Nadar Malhotra the majority shareholder with a 57.33% ownership, along with an increase in voting rights, while Shiv Nadar’s stake in the promoter entities will decrease to 4%. Together, these promoter entities hold a combined 44.34% stake in HCL Technologies as of the end of December 2024.
Coforge shares surge 7% on approving 1:5 stock split, acquisition of Rythmos, TMLabs
Coforge share price: Coforge shares surged by 7% following the announcement of a 1:5 stock split and the acquisition of two companies, Rythmos Inc. and TMLabs Pty Ltd, through its subsidiaries. This strategic move marks significant alterations in their equity share and expansion efforts.
Mutual funds will now have to deploy NFO proceeds within 30 days: Sebi rule effective from April 1
Sebi mandates AMCs to deploy NFO funds within 30 business days from April 1, 2025. Investment committees may extend this once, with reasons documented and monitored by trustees. AMCs must specify achievable timelines in scheme documents.
Sebi asks MFs to deploy NFO flows within 30 days
The move aims to encourage AMCs to collect only as much funds via NFOs as can be deployed in a reasonable time, and to discourage any mis-selling of NFOs of the mutual fund schemes. The new rule will come into effect from April 1.
SaaS player Excelsoft Technologies files DRHP with Sebi for Rs 700 crore IPO
Saas company Excelsoft Technologies has filed its draft red herring prospectus (DRHP) with capital markets regulator Sebi to raise Rs 700 crore through an IPO.
BSE shares slump 9% after NSE shifts F&O expiry days to Monday
BSE share price: The expiration date for monthly contracts has been moved to the last Monday of the expiry month for all the specified contracts. Furthermore, Nifty's weekly contracts will now expire on Mondays as well.
SBI Mutual Fund launches files draft documents with Sebi for 5 passive funds
SBI Mutual Fund has filed draft papers with Sebi for five new index-based schemes, including Nifty and PSU Bank-focused funds. Managed by Viral Chhadva, the minimum investment is Rs 5,000 across all schemes.
Rs 17,000 crore IPO! Tata Capital’s D-St debut plan now hinges on NCLT nod for merger with Tata Motors Fin
Tata Capital has plans to raise USD 2 billion through an IPO with expectations of a valuation around USD 11 billion. The move is conditional on the final approval of Tata Motors Finance's merger by NCLT, anticipated to complete by FY25 end. The offering includes fresh issues and sales by existing shareholders.
Sattva Group and Blackstone backed JV files DRHP to raise Rs 6,200 cr in India's largest REIT IPO
Knowledge Realty Trust, a joint venture of Sattva Group and Blackstone, filed for India's largest REIT IPO worth Rs 6200 crore. Owning 48 million sq ft in 6 cities, it's the top geographically diverse office REIT in India. Blackstone holds 55% with Sattva at 45%. Bank of America and Morgan Stanley are among the book runners.
Best small cap mutual funds to invest in March 2025
According to the Sebi mandate, small cap schemes must invest in companies that are ranked below 250 in terms of market capitalisation. These schemes also will have to invest at least 65% in small cap stocks. Small companies go through many ups and downs - more than the established companies in the large and mid cap segments.
Expiry wars: NSE’s Monday move ups the stakes against BSE. What it means for F&O traders
NSE has shifted the expiry day for all index and stock F&O contracts, including Nifty, Bank Nifty, and Fin Nifty, from Thursday to Monday, effective April 4. This move intensifies competition with BSE, which recently changed its expiry to Tuesday. The shift is expected to increase volatility and impact trading strategies for both institutional and retail investors.
NSE changes expiry day for equity derivatives contracts
The exchange has changed the expiry day of all index and stock derivatives contracts from April 4. The monthly contracts of stock derivatives, Nifty, Bank Nifty, Fin Nifty, Midcap Nifty, and Nifty Next 50 contracts will expire on the last Monday of every month, while the weekly contracts of Nifty 50 would lapse on Monday every week.
BEL fixes March 11 as record date for Rs 1.50 per share interim dividend
Bharat Electronics (BEL) has set March 11 as the record date to determine shareholder eligibility for its Rs 1.50 per share interim dividend. BEL stated that only shareholders holding shares by this date will receive the dividend. BEL's shares have seen a 28.97% increase over the past year but experienced a decline of 7.52% Year-To-Date.
Axis Mutual Fund appoints Nandik Mallik as Head - Equity & Hybrid for its proposed SIFs
Axis AMC has appointed Nandik Mallik as Head – Equity and Hybrid for its upcoming Specialised Investment Funds (SIFs). With over two decades of experience, he will lead the firm’s efforts in this new category. SEBI’s SIF framework, effective April 1, 2025, aims to bridge the gap between mutual funds and portfolio management services.
Best short duration mutual funds to invest in February 2025
According to the Sebi mandate, short duration funds can invest in debt instruments which have maturity between one and three years. That means these schemes are meant for short-term investments of up to three years or more.
Sebi slaps Rs 50 lakh fine on three foreign portfolio investors for flouting market norms
Capital markets regulator Sebi on Monday slapped penalties totalling Rs 50 lakh on three foreign portfolio investors for exceeding the prescribed limits on short-term investments in debt securities.
Sebi slaps Rs 10 lakh penalty on Axis Securities for violating stock brokers rules
Sebi imposed a Rs 10 lakh penalty on Axis Securities for rule violations and improper client fund handling. Axis Securities failed in regulatory procedures, including reporting errors, mishandling client funds, and exceeding margin limits. Sebi noted discrepancies in supervision reporting, client settlements, and allocation of penalties, leading to the fine after an inspection for April 2021 to November 2022.
Sebi allows special investment funds for wealthier individuals, starting at Rs 10 lakh, effective from April 1
India's market regulator said it will allow asset managers with more than a three-year track record to offer a range of investment strategies under its newly created 'specialised investment fund' (SIF) category, aimed at wealthier investors.
Passive investing is about simplicity; dont give into active fund management lurking in the garb of thematic passive funds
The consequences for investors are less beneficial. The proliferation of quasipassive funds adds to the overwhelming array of investment options. It places the burden of sectoral and thematic allocation on their shoulders, a task that requires expertise, time, and a deep understanding of the markets. Moreover, these narrowly focused index funds often carry higher expense ratios.
Best large cap mutual funds to invest in March 2025
According to the Sebi mandate, the large cap mutual funds are mandated to invest in top 100 companies by market capitalisation. Large companies fare better in a volatile market as these companies may be market leaders and resilient to downturns. That is why if you are looking for a relatively safer mutual fund category, you should consider investing in large cap funds.
Gensol Engineering board to consider stock split on March 13
Gensol Engineering's board will consider a stock split of shares from a face value of Rs 10 during its March 13 board meeting, alongside discussing fundraising methods. Promoters sold 2.37% equity to reinvest in the business while Gensol's shares fell 70% due to credit rating downgrades.
Deputy Commissioner of State Tax authorises inspection at Poonawalla FinCorp's Pune office
Poonawalla FinCorp faced an inspection by the State Tax officer under Section 67 of the CGST Act, 2017, concerning its records and operations. The company assured full cooperation with authorities and reiterated its commitment to high governance standards and regulatory compliance.
Ather Energy converts preference shares into equity; likely to launch IPO in April
Electric two-wheeler maker Ather Energy Ltd has taken a significant step toward its much-anticipated initial public offering (IPO) by converting its outstanding compulsory convertible preference shares (CCPS) into equity. The move is part of the company's preparation for its IPO, expected to be launched in April, according to merchant banking sources.
Sebi proposals likely to curb manipulation in F&O trades
The Securities and Exchange Board of India proposed new rules to limit manipulation in derivatives trading by changing how outstanding positions in stock futures and options are calculated. This includes modified Open Interest calculations and tight monitoring measures to prevent influential firms from exploiting market conditions. The goal is to enhance market integrity and reduce undue influence on trading positions.
Excelsoft files papers for Rs 700-crore IPO
The proposed IPO of the Karnataka-based company is a combination of a fresh issue of shares valued ₹210 crore and an offer for sale (OFS) of shares worth ₹490 crore by the promoters - Pedanta Technologies and Dhananjaya Sudhanva, according to the draft red herring prospectus (DRHP). The company may consider mobilising up to ₹270 crore in pre-IPO round.
Ola Electric shares in focus after getting govt notice for missing out on PLI target
Ola Electric share price: Ola Cell Technologies signed a Program Agreement with the Ministry of Heavy Industries under the Production Linked Incentive (PLI) Advanced Chemistry Cell (ACC) scheme, with IFCI designated as the Project Management Agency (PMA) for the project.
Now Paytm UPI users can trade in the stock market without paying money to the stock broker in advance; Here’s how
Paytm UPI: Paytm has enabled support for UPI trading blocks i.e. Single Block Multiple Debits. This means now you can trade in the stock market (BSE SENSEX, NSE NIFTY, and others) without first adding money to your demat account. Using Paytm UPI you can create a block request like ASBA and money will only be debited when you execute any securities buy trade.
Why international ETFs are trading at a premium and how investors can avoid overpaying
Imagine you’re looking to invest in an exchange-traded fund (ETF) that tracks a global index. The fund’s net asset value (NAV) is Rs 100, yet the market price is Rs 110.
NSE expiry move to increase volatility; institutional investors may cope better than retail investors: Ajay Bagga
Ajay Bagga, Market Expert, highlights that NSE's shift of F&O expiry from Thursday to Monday from April 2025 will increase volatility and make trading strategies more complex for retail investors. The move appears competitive against BSE and will primarily benefit institutional players. Retail traders are advised to be cautious and adapt to the new dynamics.
Sebi probes surge in thematic mutual fund schemes amid NFO arbitrage
The Securities and Exchange Board of India (Sebi) is investigating the surge in thematic mutual fund launches, which raised about ₹80,000 crore in 2024. Sebi chairperson Madhabi Puri Buch mentioned an incentive-driven arbitrage in the proliferation, with thematic funds now managing assets worth ₹4.63 lakh crore.
Sebi mulls wider investor pool for angel funds
This move will enable more wealthy investors to participate, boosting funding for startups. It ensures that only financially strong investors take on high-risk investments, helping Angel Funds raise more capital and support early-stage companies.
Best mid cap mutual funds to invest in March 2025
As per Sebi norms, mid cap schemes are mandated to invest in companies that are between 101 and 250 in the market capitalisation. These companies can be leaders of tomorrow. That’s what makes them great bets. If these companies live up to the promise, the market will reward the investors handsomel
Need to have a common day for F&O expiry of all exchanges: NSE MD & CEO Ashish Chauhan
NSE MD & CEO Ashish Chauhan emphasized the need for a unified F&O expiry day across exchanges to prevent excessive daily expiries. Speaking at the Moneycontrol Global Wealth Summit 2025, he noted that managing concentration risk requires structured measures. NSE recently changed its F&O expiry to Mondays, effective April 4, for major indices and stock contracts, replacing Thursday expiries.
Investors go active to passive, lap up more of smart beta funds
A series of new launches over the past one year led to assets under management (AUM) under this category surge to ₹29,322 crore in December 2024, from ₹8,900 crore a year ago. DSP Mutual Fund said smart beta funds account for 11% of the ₹2,73,390 crore managed by index funds as of December 2024.
How viable is Rs 250 per month SIP for Indian AMCs? Navneet Munot answers
Navneet Munot, MD & CEO of HDFC AMC, highlights their collaboration with ecosystem partners to reduce the minimum SIP ticket size to Rs 250, making mutual fund investments more accessible. The Mitra platform helps investors trace untraceable units, reinforcing SEBI and AMFI's commitment to investor protection and broad market participation. The initiative aims to increase unique investors and maintain sustainability.
NPCI to build 5 lakh sq ft HQ in Mumbai's BKC
The National Payments Corporation of India plans to build a 5 lakh sq ft office space in Bandra Kurla Complex, accommodating 5,000 employees. The construction will take three years. The NPCI, which operates UPI and NEFT, seeks to consolidate its 2,000-strong workforce. Credit on UPI is growing rapidly, with 8% of credit card spends happening on this platform.
Ambuja Cements shares in focus on receiving CCI approval for acquiring Orient Cement
Ambuja Cements' shares may attract attention after receiving unconditional approval from the Competition Commission of India (CCI) for its acquisition of Orient Cement. The company will acquire 37.90% and 8.90% of Orient Cement's share capital through a share purchase agreement and make an open offer for 26% of the expanded capital at Rs 395.40 per share.
IRCTC share price in green after receiving Navratna status
IRCTC share price: Navratna companies enjoy increased decision-making powers, allowing them to invest up to Rs 1,000 crore or 15% of their net worth (whichever is higher) in a single project without needing government approval.
Trading volumes down 30% across stock brokers; Zerodha’s clocked negative growth: Nithin Kamath
Bengaluru-based Zerodha is the second largest stock broker in India, with approximately 8.1 million active traders on its platform. Kamath wrote, “We are witnessing a significant drop in both trader numbers and volumes.”
Regulatory norms on F&O to evolve based on continuous market feedback: Sundararaman Ramamurthy
BSE’s CEO Sundararaman Ramamurthy highlights the risks of concentrating trading activity on a single expiry day, emphasizing the potential for increased volatility and liquidity stress. He advocates for meaningful competition and diversified expiry days to mitigate these risks and enhance market stability.
Monarch Networth Capital settles violation of stock brokers' rule with Sebi
Monarch Networth Capital Ltd on Friday settled with markets regulator Sebi a case pertaining to alleged violation of stock brokers' rule after paying Rs 11.37 lakh towards settlement amount. This came after the entity approached Sebi proposing to settle the pending proceedings "without admitting or denying the findings of fact and conclusions of law" through a settlement order.
NSE changes F&O expiry days for Nifty, Bank Nifty, others to Monday effective April 4
NSE has changed F&O expiry days for Nifty, Bank Nifty, FinNifty, Nifty Next50 and Nifty Midcap Select to Monday from the current Thursday expiry day. In a circular issued today, NSE made the changes and it will come into effect from April 4, 2025.
