SEBI’s optional T+0 settlement for top stocks, Jungle Camps India’s IPO launch, Lalu Prasad Yadav’s endorsement of Mamata Banerjee for INDIA bloc leadership, and Arvind Kejriwal’s Delhi election promises dominate today’s headlines. Plus, unexpected news about Kate Middleton.
The Supreme Court has temporarily declined to intervene in the Calcutta High Court’s decision granting the Calcutta Stock Exchange (CSE) an extension until February 2025 to comply with SEBI’s 2012 Exit Policy. This decision comes despite SEBI’s concerns about the CSE’s alleged manipulative practices and non-compliance. The court will review the CSE’s progress in March 2025.
The Securities and Exchange Board of India (SEBI) has proposed a series of significant changes to the regulatory framework for Real Estate Investment Trusts (REITs), Small and Medium REITs (SM REITs), and Infrastructure Investment Trusts (InvITs) in India. These proposals aim to clarify existing rules, promote sustainability, expand the asset base, and enhance operational efficiency of these investment vehicles. This article explores the key proposals and their potential impact on India’s evolving real estate investment landscape.
The Securities and Exchange Board of India (Sebi) has imposed a ₹50 lakh fine on Sunil Arjan Lulla, the promoter and former Managing Director of Eros International Media, for violating regulatory norms. The fine comes after a series of investigations and legal proceedings related to alleged financial irregularities and mismanagement within the company. Lulla’s defiance of Sebi’s directives and his delayed resignation from Eros International Media led to the penalty.
Today, November 1st, marks a flurry of significant events in India. From the auspicious Diwali Muhurat trading session on the stock market to changes in railway ticket reservation policies, and even water shortages in parts of Delhi, there’s plenty to keep track of. Read on for a comprehensive overview of these key events.
India’s capital markets regulator, SEBI, is proposing a stricter 30-day deadline for asset management companies (AMCs) to deploy funds raised during new fund offers (NFOs). The move aims to protect investor interests by ensuring faster utilization of funds and preventing delays caused by market conditions or AMC strategies.
NTPC Green Energy Limited, a subsidiary of NTPC Limited, has received SEBI approval to raise Rs 10,000 crore through an IPO. The IPO includes a fresh issue of equity shares, employee reservation, and a discount for participating employees. Proceeds will be used for investment in its subsidiary and general corporate purposes. NTPC Green Energy boasts an impressive portfolio of renewable energy projects, with a strong track record of growth in operational revenue and profit.
Congress leaders Rahul Gandhi and Pawan Khera have sparked controversy with a new podcast trailer, where they make serious accusations against SEBI chief Madhabi Buch, alleging she is blackmailing Prime Minister Modi and is linked to the Adani Group. The trailer has fueled political tensions and raised questions about the independence of regulatory bodies.
The Congress party has intensified its criticism of SEBI chairperson Madhabi Puri Buch, launching a new podcast titled ‘Buch Bachao Syndicate’ featuring Rahul Gandhi and Pawan Khera. The party alleges a series of missteps and conflicts of interest in Buch’s tenure, raising concerns about her approach to market regulations and the potential risks to retail investors.
Adani Energy Solutions, part of the embattled Adani conglomerate, received a show-cause notice from SEBI this week. The notice alleges wrongful categorization of investors under minimum shareholding norms, adding to the ongoing scrutiny faced by the group following Hindenburg’s allegations. The news has further impacted Adani Energy Solutions’ share price, which has declined for the fifth consecutive day.
