Sebi Whole Time Member Kamlesh Chandra Varshney cautioned against market manipulations on Saturday, urging brokers to remain vigilant and prevent such activities. The Securities and Exchange Board of India (Sebi) has been actively taking measures to combat various forms of market manipulation, including front running activities, by taking action against involved entities. Varshney stressed the […]
Sebi’s Whole Time Member, Kamlesh Chandra Varshney, revealed on Saturday that the Securities and Exchange Board of India is utilizing Artificial Intelligence (AI) for its investigative efforts. Varshney stressed the importance for entities to stay abreast of technological advancements. With recent incidents of market manipulation in mind, he conveyed that adherence to regulations will yield […]
In order to ensure that index funds and exchange-traded funds (ETFs) closely mirror their benchmark indices, the Securities and Exchange Board of India (SEBI) has proposed a minor adjustment. The proposal aims to eliminate the restriction that limits these funds to invest up to 25 percent of their net assets in group companies or sponsors. […]
AI-driven travel company LE Travenues Technology, supported by investors such as SAIF Partners India IV, Peak XV, and Micromax, has refiled its draft documents with SEBI for an initial public offering (IPO). The IPO comprises a combination of fresh shares worth Rs 120 crore and an offer-for-sale (OFS) of 6,66,77,674 equity shares by existing shareholders, […]
Four independent directors of Binny Ltd have resolved their issues with the market regulator, without admitting or denying the findings outlined in showcause notices served to each of them. Collectively, they have paid over Rs 42 lakh as settlement fees. Three of the directors—Justice (Retd.) S Jagadeesan, T Manisriram, and Dr DVR Prakash Rao—have each […]
Market regulator Securities and Exchange Board of India (Sebi) has declined the National Stock Exchange’s (NSE) settlement application regarding the colocation case, according to sources familiar with the matter. The NSE had applied for settlement under Sebi’s consent mechanism, which enables market participants to resolve alleged security market violations by paying a fee without admitting […]
The Securities and Exchange Board of India (SEBI) has put forth proposals on Wednesday regarding the disposal of securities held by offshore funds whose Indian licenses have expired, as outlined in a discussion paper published on the regulator’s website. This preliminary step precedes any potential amendments to SEBI’s regulations concerning market entities. Previously, there has […]