Category: Uncategorized

SEBI on Monday made it mandatory for all the regulated entities (REs) to adopt the new cloud framework. The framework sets out the regulatory and legal compliances by REs (exchanges, clearing corporations, asset management companies, depositories, brokerages, KYC registrar agents and others) if they adopt cloud framework. SEBI said that the cloud framework is a […]

Crude oil traded lower on Monday morning as China’s GDP (gross domestic product) forecast for 2023 was below market expectations. At 9.55 am on Monday, May Brent oil futures were down by 0.76 per cent at $85.18 and April crude oil futures on WTI were down by 0.77 per cent at $79.07. March crude oil […]

Foreign portfolio investors (FPIs) are increasing their bet on India’s capital goods sector amid early signs of revival in the capex cycle led by higher public capital expenditure and the crowding in of private investments. According to depositories data, FPIs have infused a net investment of ₹14,912 crore in the capital goods sector and ₹5,541 […]

The benchmark Nifty Index has fallen about 2 per cent so far this year in contrast to key global indices such as the US’ S&P 500 and Dow Jones (DJIA), Europe’s Euro Stoxx 50 (Euro Stoxx), Japan’s NIKKEI and China’s Shanghai Composite (SHCOMP), which are up anywhere between 1.5 and 8.5 per cent. However, despite […]

Investigations by the market regulator SEBI showed that just two traders were generating a whopping $6 billion worth of trading volumes on the Multi Commodity Exchange (MCX) from Sikkim in 2022. SEBI has named Valley Distributors LLP and JMVD Market Solutions LLP as the two clients that generated over 99.6 per cent of MCX’s Sikkim-based […]

At a time when bankers and investors have adopted a cautious approach to Adani Group companies, Rajiv Jain, Chairman and Chief Investment Officer of GQG Partners, believes the Indian conglomerate is not only a safe bet but also “fantastic” and “irreplaceable”. “About 25 per cent of India’s air traffic passes through their airports and 25 […]

The Supreme Court on Thursday formed an expert committee headed by former apex court judge, Justice Abhay Manohar Sapre, to investigate the causal factors and existence, if any, of regulatory failure, which led to investors losing crores due to the volatility in the securities market, following Hindenburg Research’s report accusing the Adani Group of manipulation […]

Mumbai, March 2State Bank of India may look to lower its stake in Yes Bank after a lock-in period ends on March 6 which was put in place by the central bank as a part of the lender’s restructuring, two sources told Reuters. SBI does not want to permanently retain a stake in Yes Bank […]

Market regulator SEBI has held the Multi Commodity Exchange (MCX) guilty for its failure to detect irregularities in the know your client (KYC) filings by trading members who were using the State of Sikkim to trade on the exchange platform. The story that the tax-free State of Sikkim was generating $6-billion worth of monthly volumes […]