Domestic markets closed marginally lower in highly volatile trade on Monday amid allegations against Sebi chief Madhabi Puri Buch and her husband by the US short-seller Hindenburg Research. Stocks that were in focus include names like Voltas, which rose 10.69%, RVNL, which jumped 11.16%, and MapMyIndia, whose shares increased 3.75% on Monday. Here’s what Kushal … Read more
Mumbai: The Centre Monday said comprehensive statements by the capital-markets regulator and its chief on Hindenburg Research’s latest conflict-of-interest allegations leave little room for immediate additions, even as the US short-seller pushed back against integrity claims by Securities and Exchange Board of India (Sebi) chairperson Madhabi Puri Buch and her husband Dhaval Buch. “Sebi has … Read more
Mumbai: Securities and Exchange Board of India (Sebi) chairperson Madhabi Puri Buch and her husband Dhaval Buch on Sunday said that at no point in time did the fund IPE Plus – in which they had invested – acquire bonds, equities or derivatives of any Adani group company. They said all disclosures of securities held … Read more
Besides two media statements given by Sebi chief Madhabi Puri Buch and her husband Dhaval Buch in their capacity, the regulator has also issued a statement asking investors to stay calm and read the short-seller’s disclaimer. Here is the full text of Sebi’s statement: SEBI takes note of the report published by Hindenburg Research on … Read more
A year-and-a-half after alleging that billionaire Gautam Adani was running the “largest con in corporate history”, Hindenburg Research on Saturday made yet another wild allegation on the Adani issue by alleging that Sebi Chairperson Madhabi Puri Buch had stakes in offshore funds linked to the conglomerate. “The current SEBI Chairperson and her husband, Dhaval Buch, … Read more
Mumbai: Stock exchanges will expand the enhanced surveillance measure (ESM) framework from August 13 to include mainboard companies with a market capitalisation of up to ‘1,000 crore. Previously, the ESM framework applied only to companies with a market capitalisation of less than ‘500 crore. To address volatility in smallcap stocks, ESM mechanism was introduced in … Read more
Mumbai: India’s capital markets and banking regulators are taking steps that would encourage investments in green bonds and also help expand the broader debt market. To enable companies to issue Environmental, Social, and Governance (ESG) bonds locally, the Reserve Bank of India’s (RBI) chief general manager Dimple Bhandia talked about the need for an enabling … Read more
Trent and Bharat Electronics (BEL) may be included in the benchmark Nifty in the next shuffling of indices by the NSE in September, according to Nuvama Alternative & Quantitative Research. The two stocks could take the place of LTIMindtree and Divi’s Labs. Nuvama said the changes could result in $500 million inflow into Trent and … Read more
Market watchdog Securities and Exchange Board of India (Sebi) on Thursday slapped a penalty of Rs 2 lakh on Nippon Life India Asset Management Limited and Rs 1 lakh on Nippon Life India Trustee Limited holding them in violation of total expense ratio (TER) norms prescribed by the regulator. Further, the trustee was penalised after … Read more
Indian markets regulator’s latest proposals seek to limit the use of opaque offshore structures to trade in derivatives and contain possible volatility, two sources with direct knowledge of the matter said. The Securities and Exchange Board of India (SEBI) on Tuesday proposed that offshore derivative instruments (ODIs) issued by offshore funds should be backed only … Read more
