Photo: The Hans India

Hundi Collection On Hold, Union Ministry Issues Order To TTD

With its registration under the FCRA (Foreign Contribution Regulation Act) under “suspension” for the past three years, the country’s richest religious Trust, the Tirumala Tirupati Devasthanam (TTD), faces an unprecedented situation. The Union Ministry FRCA wrote to the TTD, asking them to not make any foreign contributions, described as 'Hundi' donations.

Mon, 27 Mar 2023 - 11:39 AM / by Varsha Joshi

Tags: TTD, Hundi Donations, SEBI, union ministry, Notice Issued

Courtesy: The Indian Express

Gautam Adani

Photo: First Post

Adani Groups Speak About Independent Audit Hiring News, Says Its Market Rumour

The Adani Group finally spoke about the news of hiring a US Firm for independent audit, amid Hindenburg claims.On February 16, company said, "We would like to clarify the said news item appears to be a market rumour and hence it would be inappropriate on our part to comment on it… We wish to confirm we have made and will continue to make disclosures in compliance with obligations under SEBI 

Thu, 16 Feb 2023 - 02:12 PM / by Varsha Joshi

Tags: Adani Groups, Hindenburg Report, Independent Audit, TAXES, SEBI

Courtesy: Hindustan Times

State Bank Of India

Photo: Facebook

SEBI Hikes Interest Rates, EMIs, Loans To Be Expensive

The country's largest public sector lender, the State Bank of India (SEBI) has increased the repo & reverse repo rate, making loans expensive for customers. The loan rate with a hike of 50 basis point, after the announcement of the RBI's new repo rate by 0.5% to take it to 5.90%, which came into effect from October 1, making EMIs to get costlier across all loan categories, including home loans.

Mon, 03 Oct 2022 - 05:45 PM / by Varsha Joshi

Tags: SEBI, business, Expensive Loan, RBI, interest rate

Courtesy: NDTV


Photo: Business Standard

SEBI Imposes Fine Of Rs 3 Lakh On BSE Amid Irregularities

The market regulator Securities and Exchange Board of India (SEBI) has imposed a fine of Rs 3 lakh on BSE for engaging in activities unrelated to a stock exchange. “This is to inform that pursuant to Regulation 30 read with Schedule Ill of SEBI Regulations, 2015, we intimate that SEBI has passed an order, imposing a penalty of Rs. 3 lakhs on BSE Limited." said SEBI in a statement.

Mon, 01 Aug 2022 - 06:38 PM / by Varsha Joshi

Tags: SEBI, BSE, penalty, Irregularities, Indian government

Courtesy: Business Today


Photo: News18

Centre Tweaks FEMA To Permit 20% FDI In LIC

The Central Government has tweaked the Foreign Exchange Management Act (FEMA) rules to allow as much as 20% foreign direct investment (FDI) in the LIC. The government is mulling over plans to dilute its stake in the insurance company via the Initial Public Offering (IPO). Earlier in February this year, the LIC had filed the Draft Red Herring Prospectus (DRHP) before the Sebi for the Initial Public Offering.

Mon, 18 Apr 2022 - 10:50 AM / by Varun Das

Tags: Economy, LIC, IPO, SEBI, business

Courtesy: Zee News

LIC headquarters

Photo: The New Indian Express

SEBI Provides Market Approval For IPO To LIC India

Life Insurance Corporation Of India (LIC) finally gets their Initial Public Offer (IPO) approval from the Securities and Exchange Board of India (SEBI). This is fastest market approval given for IPO, in just 22 days, after the filing of the IPO draft by LIC. With this, LIC is going to put forward 31.62 crore equity shares under offer for sale (OFS) holding 5% of LIC equity shares.

Wed, 09 Mar 2022 - 07:45 PM / by Rupsa Debnath

Tags: LIC, Market regulator, SEBI, Life insurance, Life Insurance Corporation

Courtesy: ANI

Chitra Ramakrishna

Photo: Money Life

Ex NSE MD Chitra Ramakrishna Questioned By CBI Over NSE Controversy

The CBI issued look out notice to Chitra Ramakrishna, ex chairman of National Stock Exchange (NSE), on February 18. Later, she was questioned by CBI over allegations of sharing internal information of NSE with her spiritual guru, with whom she is traveling to Himalayas. The investigation came after the recent SEBI orders alleging government lapses in the appointment of Anand Subramanian as the chief strategic advisor of the NSE. 

Fri, 18 Feb 2022 - 08:30 PM / by Varsha Joshi

Tags: SEBI, Chitra Ramakrishna, NATIONAL STOCK EXCHANGE, Mumbai, CBI

Courtesy: Live Mint



Life Insurance Corporation To Soon Open Largest IPO In India; Get Details Here

Indian government's Life Insurance Corporation (LIC) will sell 5% of its stake in 316.25 million shares, in the initial public offering. In addition, The company could become India’s most valuable listed company after listing on the stock exchanges. Also, policyholders and employees may get a discount compared to the price offered to the public. Notably, LIC possesses a total equity base of 6.32 billion shares.

Mon, 14 Feb 2022 - 03:02 PM / by Shaloo Priya

Tags: business, India, LIC, SEBI, IPO

Courtesy: The Indian Express


Photo: Edelweiss

Govt Likely To Defer LIC's IPO For Next Financial Year

The government may defer the announcement of Life Insurance Corporation's (LIC) initial public offering (IPO) in the current financial year ending March 2022. Reportedly, there are lots of preparatory work pending and the valuation of the state-owned life insurer will also take more time. Following the valuation, regulatory processes will start so it is unlikely that the IPO will take before the year ends, reported Business Today… read-more

Sun, 19 Dec 2021 - 09:01 PM / by Brijesh Goswami


Courtesy: Business Today

Nykaa's 69 store in Mumbai

Photo: Business Today

NYKAA 'IPO' Fully Subscribed Within An Hour Of Opening

The Initial Public offering (IPO) of Nykaa, with a price band of 1,085-1,125 rupees per share has been open for public subscription on October 28. As per reports, on day one of its bidding, Nyka IPO has been totally booked within an hour, with a subscription of  0.19 times, and the retail portion booked with 1.02 times. The shares of the company issued is worth Rs 630 crores.

Thu, 28 Oct 2021 - 01:54 PM / by SAM RAHUL RAJASHEKHAR

Tags: Nykaa, IPOs, India, SEBI, Indian Stock Market

Courtesy: LiveMint