Stock market volatility "may continue" for some more time due to global factors, securities market regulator SEBI Chairman Ajay Tyagi said here.
Sebi will take up the Kotak panel's report on corporate governance in its next board meeting and the regulator has held preliminary discussions with corporate affairs.
Sebi Chairman Ajay Tyagi today said the regulations on cryptocurrencies should be out soon and the role various regulators will play is being finalised.
Jaitley today asked markets regulator Sebi to take more steps to deepen the corporate bond market and hoped that continuing uptrend in IPOs will help in meeting.
Sebi today said it is examining the issues surrounding Fortis Healthcare, which has landed in a controversy over alleged regulatory lapses in transfer of funds.
Raids by Sebi, investigating whether corporate announcements were prematurely leaked by market participants in social media chatrooms, were the largest it has conducted.
Terming the ongoing NSE co- location issue as a "complex case", Ajay Tyagi said regulator is on the job and is working on to resolve the matter "as quickly as possible".
In a stern warning to companies for leakage, Sebi said all those responsible, including auditors, would face action and the rules would be strengthened if required.
Sebi conducted searches at premises of more than 30 market analysts and dealers and seized documents, computers, mobiles and laptops.
India’s capital market regulator is talking with the government and central bank about how to regulate cryptocurrencies, its chairman said.
US dollar ends higher against rupee
Mumbai: The US dollar ended sharply higher against the rupee at 64.21/22 per dollar and the pound sterling also finished higher at Rs 90.34/36 per pound at the close of the Interbank Foreign Exchange (forex) market here today.
Following are the Interbank forex and RBI rates: (In Rs per unit) Unit Interbank RBI Reference US Dollar 64.21/22 US Dollar Rs 63.9097 Pound Sterling 90.34/36 Euro Rs 80.1683 Euro 80.18/20 Japanese Yen (100) 60.50/52
Approves Allotment Of 24.9 Mn Shares On Preferential Basis To 8 Investors
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MAHINDRA & MAHINDRA
To invest in Zoomcar India, Zoomcar Inc, U.S.
To invest Rs 176 cr in Zoomcar India
Initial investment in Zoomcar India likely to be completed by Feb 20
Additional investment in Zoomcar India expected to be completed by Aug 31
Co’s stake to increase to 16%
RBI inspection had found diversion of funds within group firms
Funds to the tune of Rs 525 cr given to intermediary borrowing cos
Religare Finvest increased corporate loan book against RBI’s directions
RBI has asked for clarity on rollover of fixed deposits with a bank
Findings suggested continued weakness of internal controls
Economic Times Reports
SC Allows Sale Of Fortis Health Shares Pledged With Lenders
SC allows Axis Bank, Yes Bank to sell, transfer pledged share of Fortis
Earlier, SC had restrained financial institutions from selling pledged shares
Business Standard Reports
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