SBF in Custody Until February 8 as Financial Market Participants Request Sebi Revise Data Storage Rules

In a discussion paper published at the beginning of November, India's markets regulator Sebi outlined a plan to require regulated businesses, including foreign portfolio investors (FPIs), to move their data storage and processing operations to India. An organization that speaks for large fina...

Indian crypto investors to witness a surge of excitement

Highlights

• India has come a long way from a complete ban in 2016 to exploring and regulating the process to introduce crypto currencies.
• Then in 2013, the RBI issued a warning the public against the use of virtual currencies and security-related risks they are exposin...

INDIAN STOCK EXCHANGES APPROVE $ 3.4 BILLION RELIANCE AND FUTURE DEAL

HIGHLIGHTS

• Indian stock exchanges have approved the US $ 3.4 billion deal between Future Group and Reliance Retail.
• Amazon did not want this deal to happen.

Recently, Indian stock exchanges approved the US $ 3.4 billion deal between ...

SEBI GOES SESSION COURT AGAINST RELIANCE FOR ALLEGED VIOLATION OF COMPANIES ACT

Highlights

• According to Reliance Industries Limited (RIL), this matter is related to the debentures issued with convertible warrants two decades ago

• RIL co-operated with the Sebi and has produced ample evidence that establishes it has not violated Section 77 of t...

NSE TECHNICAL GLITCH STRIKES AGAIN: 2 ETF PRICES SOAR 6,553%; LED EXCHANGE TO CANCEL TRADES

Highlights

• Axis Gold ETF went up by 6,553 percent to Rs 3,482.85, while Axis Nifty ETF was quoting at Rs 1,151 jumping 741.37 percent

• According to the statement given a NSE spokesperson, the trading in this securities shall resume with the revised price bands aft...

PEOPLE’S BANK OF CHINA IS NO MORE A KEY STAKEHOLDER IN HDFC BANK

Highlights

• China’s central bank was holding 17.5 million shares or 1.01 percent in HDFC that is valued at Rs 3,300 crore

• The shares of HDFC had plunged 40 percent in the month of March but rebounded in April by 30 percent

• The market experts...

INCOME TAX DEPARTMENT NOW HAS THE ACCESS TO EVERY DATA RELATED TO SHARE TRADING

Highlights

• The Memorandum of Understanding was signed between the CBDT and SEBI through videoconferencing on Thursday

• In the year 2019, the Income Tax Department had added a new sheet named as Schedule 112A in relation with the information related to the equities...

US-BASED HEDGE FUND ROUTE ONE PLANNING TO RAISE ITS STAKE IN IndusInd Bank

Highlights

• Route One Investment Company is planning to raise its stake from 5.4 percent to 9.9 percent

• According to the current market capitalisation, 10 percent stake in IndusInd Bank is valued at Rs 3,650 crore

• On the S&P BSE, the stocks of...

PATANJALI'S RUCHI SOYA UNDER SCANNER; STOCKS GAINED 8,818% IN FIVE MONTHS

Highlights

• Ruchi Soya Industries' market value has jumped to Rs 44,600 crore from Rs 500 crore in just five months

• Baba Ramdev's Patanjali Group holds 98.87 percent in Rucha Soya Industries

• The analysts are stating that the SEBI should in...

DISCLOSE IMPACT OF LOCKDOWN ASKS THE SEBI TO LISTED COMPANIES

Highlights

• The Securities and Exchange Board of India (SEBI) has stated that at present a small number of entities have disclosed the financial impact of COVID-19 lockdown

• Industry experts are stating this decision by Sebi will help towards building a regulatory ...

MAURITIUS OVERSEAS INVESTORS ELIGIBLE FOR FPI REGISTRATIONS: SEBI

Highlights:

• Mauritius comes under the grey list of the Financial Action Task Force (FATF).
• A great percentage of FPIs investing in the Indian market is registered in Mauritius.
• FPIs sold equity worth Rs. 1,160.90 crores on Monday.

IPO FOR BARBEQUE NATION WILL BE OUT SOON

Highlights:

• Barbeque Nations has filed fresh papers to SEBI for its IPO.
• According to the media reports, the Barbeque nation is planning to raise Rs. 1,000-1,200 crores through the IPO.
• The IPO will allow 50 percent to QIBs and 15 percent t...

FOUR INDIAN COMPANIES FILE FOR IPO

HIGHLIGHTS

• Realty firm Puranik Builders, online travel firm EaseMyTrip have received markets regulator Sebi’s approval
• Construction firm Montecarlo Ltd and manufacturer of pharmaceutical chemicals Chemcon Speciality Chemicals got approval from S...

SBI TO LAUNCH ITS SBI CARDS IPO

Highlights:

• State Bank of India is planning to launch SBI Cards IPO in February 2020.
• It will raise Rs. 9,000 crores.
• The key risk to the SBI group card will include regulatory risk on MDR/interchange fees, Higher capital requirement, and i...

SEBI PROPOSES REFORMS FOR SECURE INVESTMENT IN MF

Market regulator SEBI proposed to discontinue usage of pool accounts by all platforms in transactions to protect Mutual Fund investors against the misuse of their investments.

As per SEBI, instances have been registered where client's funds and securities were used by a trading or a...

International Bill of Financial Services has Been Passed by Lok Sabha

Lok Sabha passed the International Financial Services Centers Authority Bill, 2019 on December 11, 2019. The bill proposes the setting of an authority to develop and regulate the financial services market in the International Financial Services Centers (IFSCs) in India. The bill will apply to all...

Use of Smartphone for Forex Trading in India

Trading forex in India may be risky, as it is not permissible for non-Indian rupee (INR) trading currency pairs, in compliance with the Reserve Bank of India (RBI), the 1999 Foreign Exchange Management Act (FEMA) and the Securities and Exchange Board (SEBI). Indian traders who want to eliminate t...

IBC coverage changing

The finance sector of the nation has been changing rapidly, and the primary factor that has been driving the change in these sectors has been the one that has caused many banks to go bankrupt and face insolvency issues. There has been a significant shutdown in the banking and finance sector of th...

The new norm in the IPO scene

As the love for IPO (Initial Public Offerings) rises in India there has been a new framework designed to keep this trend up and running efficiently to aid the growth of the market and this framework would benefit the investors and their funds which are even blocked which makes the deal of investi...