Concluding that industrialist Anil Ambani, who had declared himself bankrupt before a UK Court back in February 2020, orchestrated a fraudulent scheme to siphon off funds from Reliance Home Finance, markets regulator Sebi has barred him from the securities market for five years. The regulator has also imposed a hefty penalty of Rs 25 crore … Read more
Mumbai: The Securities and Exchange Board of India has barred former liquor baron Vijay Mallya from accessing the securities market for three years for routing funds to the Indian capital markets by using his overseas bank accounts with UBS. The regulator has also restrained Mallya from associating with any listed company directly to indirectly for … Read more
Capital markets regulator Securities and Exchange Board of India (Sebi) has restrained Vijay Mallya from accessing securities markets for a period of three years. According to the order, Mallya is barred from buying, selling or otherwise dealing in securities, directly or indirectly, or being associated with the securities market in any manner. The once famous … Read more
Capital markets regulator Sebi on Wednesday proposed to enhance the threshold for the basic service demat account (BSDA) to Rs 10 lakh from the current Rs 2 lakh in a bid to boost the participation of retail investors in the securities market. A basic service demat account, or BSDA, is a more basic version of … Read more
Mumbai: Regulator Sebi on Friday approved a raft of relaxations for foreign portfolio investors, alternative investment funds and entities seeking to raise funds through initial share sales, as part of facilitating the ease of doing business in the securities market. Also, the board of Securities and Exchange Board of India (Sebi) gave its nod for … Read more
HDFC Bank and ICICI Bank- two of the country’s largest private banks – have jointly floated a company to promote the residential mortgage-backed securities market. The two private banks have acquired a 7% stake each in a newly formed company – RMBS Development Company Limited (RDCL), said a stock exchange notice issued by them separately … Read more
