Photo: The Indian Express

Promoters Subhash Chandra And Son, Punit Barred From Holding Key Roles

The Securities and Exchange Board of India (SEBI) found promoters of Zee Entertainment Enterprises Ltd Subhash Chandra and son Punit Barred, prima facie guilty of diverting funds from the listed company for personal use. This order is a major setback for Zee Entertainment as it is seeking regulatory approvals for a merger with Sony Pictures Networks India. Although the restricted orders are interim and can be challenged.

Tue, 13 Jun 2023 - 09:16 PM / by Taniya Thappa


Courtesy: LiveMint

Supreme Court

Photo: India Today

Relief For Adani As Ex SC Panel Ruled Out Any Irregularity

In a major relief for Adani Groups, the former Supreme Court judge panel said there is no regulation in market. In the recent development after the Hindenburg report, the SC asked the Security Exchange Board of India (SEBI) to complete the investigation and submit a report. The ex-SC panel also said there was evidence of a build-up in short positions on Adani Group stocks ahead of the US report.

Fri, 19 May 2023 - 04:50 PM / by Varsha Joshi

Tags: Adani Group, US Report, Ex SC Panel, Indian Judiciary, business, SEBI



Photo: Business Standard

SC Grants Extension To SEBI To Investigate Adani Groups Issue

In the Adani Group case, the Supreme Court issued a notice to the Securities and Exchange Board of India (SEBI) and asked to complete the probe by August 14.  The bench headed by Chief Justice D Y Chandrachud also directed the SEBI to file an updated status report on the investigation regarding Adani Groups' role in stock fluctuation and submit a report. The next hearing is on July 11.

Wed, 17 May 2023 - 04:19 PM / by Varsha Joshi

Tags: Supreme Court, Extension, SEBI, Adani Groups, DY Chandrachud

Gautam Adani

Photo: India Today

Adani Group Investigation Since 2016, SEBI Submits Affidavit

The Securities and Exchange Board of India (SEBI) filed a response to the Adani Groups' investigation. Market regulator SEBI told the Supreme Court today that allegations that it has been investigating the Adani Group since 2016 are "factually baseless". It also cautioned against "premature and wrong conclusions" in the case. SEBI also cautioned against a "premature conclusion" of the case, justifying its request for a six-month extension.… read-more

Mon, 15 May 2023 - 06:02 PM / by Varsha Joshi

Tags: Legal Process, SEBI, business, Adani Groups, Indian government

Courtesy: NDTV


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