Adani Group stocks hit lower circuit over Sebi, DRI investigation
By Administrator_ India Capital Sands Adani group stocks remained under pressure for the second consecutive day after Parliament was told that the Securities and Exchange Board of India and Directorate of Revenue Intelligence were investigating some of the group companies. On July 19, the Minister of State for Finance Pankaj Chaudhary told Parliament that SEBI was […]
Sebi Bans New Franklin Templeton Debt Funds For Two Years
By Administrator_ India Capital Sands The market regulator on Monday barred Franklin Templeton Mutual Fund from launching any new debt schemes for two years after a probe into its sudden closure of six credit funds last year found “serious lapses and violations”. The decision by the Securities and Exchange Board of India (SEBI) is a […]
Sebi slaps Rs 1-crore fine on HDFC Bank in BRH Wealth Kreators case
By Administrator_India Capital Sands Sebi on Thursday imposed a penalty of Rs 1 crore on HDFC Bank for invoking securities pledged by stock broker BRH Wealth Kreators in violation of the regulator’s interim directions. In addition, the bank has been directed to transfer Rs 158.68 crore along with 7 per cent interest per annum into an escrow account […]
Sebi comes out with uniform time period for listing of securities
By Administrator_India Capital Sands The Securities and Exchange Board of India (Sebi) on Monday came out with a uniform time period for listing securities, including municipal bonds, issued on a private placement basis. The timeline will be applicable for non-convertible redeemable preference shares, debt securities, securitised debt instruments, security receipts, and municipal bonds, said Sebi in a circular. The […]