Ola Electric shares dip 4% as CCPA seeks more documents amid probe
Ola Electric Mobility shares fell by 4% to an intraday low of Rs 70.55 on the BSE after the Central Consumer Protection Authority (CCPA) sought additional documents from the company as part of its ongoing investigation into the electric two-wheeler manufacturer. “In continuation of the earlier letter received from the Central Consumer Protection Authority dated…
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No more actions on derivatives on anvil: Sebi WTM Narayan
The capital markets regulator is not planning any more measures to curb or restrict activity in derivatives, Sebi’s Wholetime Member Ananth Narayan said on Saturday. An expert group under former RBI executive director G Padmanabhan continues to work on bettering the system, and some moves on ease of doing business and better risk management are…
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Choice International shares jump 5% on SEBI approval for mutual fund biz
Choice International shares rallied 5% to Rs 536.75 on BSE on Friday after the company announced that it has received in-principle approval from the market regulator, the Securities and Exchange Board of India (SEBI) for setting up a mutual fund. “With reference to the above subject, we wish to inform you that the Company has…
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Mishtann Foods shares down by 10% as Sebi ban triggers extended selloff
The shares of Mishtann Foods have gone down by nearly 10% to day’s low of Rs 8.95 on BSE after Sebi barred five entities, including the company, its promoter and CMD Hiteshkumar Gaurishankar Patel from the securities market till further orders for alleged financial mismanagement, fraudulent transactions, and corporate governance lapses. Sebi said Mishtann Foods…
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Jane Street’s Rs 4.3 crore job offer to IIT student sheds light on options trading inequities
Global trading powerhouse Jane Street’s recently made Rs 4.3 crore job offer to an IIT Madras student, reflecting the immense profitability of high-frequency trading firms operating in global financial markets. Meanwhile, this lucrative world contrasts sharply with the reality faced by retail traders, who continue to suffer heavy losses in the cutthroat game of options…
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Sebi penalises Reliance Securities for breach of norms
Capital markets regulator Sebi on Friday slapped a monetary penalty of Rs 9 lakh on Reliance Securities for flouting market norms as well as stock brokers rules. The order came after the regulator and exchanges, NSE and BSE, had conducted a thematic onsite inspection of the books of accounts, records and other documents of authorised…
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Sebi begins inquiry into alleged false statements by Adani Group
Mumbai: The Securities and Exchange Board of India (Sebi) has launched an inquiry into US allegations against Adani Group, concerning false statements made to Indian stock exchanges, specifically with regard to information about US investigations not being disclosed, said people with knowledge of the matter. The regulator has sought information from stock exchanges regarding Adani…
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Primary markets can become as efficient as secondary markets
Our regulators, effectively leveraging technology, are constantly moving towards higher efficiency and improved processes in our secondary trading markets. Now, we have reached a level of T+0 settlement and are also envisioning instantaneous settlement. There has been marked improvement in the efficiency of our primary markets as well. SEBI’s efforts to explore Artificial Intelligence (AI)…
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Sebi Clarifies on Debt Sale Approval Norms Post Mkt Queries
The Securities and Exchange Board of India (Sebi) has provided clarification on recently amended norms on approvals for debt sales, following feedback from market players who had flagged operational difficulties in carrying out bond issuances due to the regulations. With effect from September 18, 2024, inserted vide Sebi’s regulations on issue and listing of non-convertible…
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Angel One shares in focus after Sebi restrictions on F&O trading
Shares of broker Angel One will be in focus after the market regulator Sebi announced a series of steps to curb derivatives trading, which have an impact on the volumes in the segment. Derivatives segment contributes a significant portion to the overall revenue for brokers given the massive surge in this segment in the recent…
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