Sebi slaps fines totalling Rs 41 lakh on various individuals over disclosure lapses

NEW DELHI: Sebi on Tuesday imposed a total penalty of Rs 41 lakh on various individuals and an entity over disclosure lapses in the matter of Focus Industrial Resources Ltd (FIRL). An investigation was conducted by Sebi into the scrip of FIRL to ascertain whether there have been any disclosure-related …

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NSE-BSE bulk deals: Max Ventures trims stake in Max Fin Services

Mumbai: Among the key bulk deals on Tuesday, Max Ventures Investment Holdings trimmed its stake in Max Financial Services, while Fidelity Funds raised its stake in housing finance company Repco Home Finance. Meanwhile, the selloff in the market continues with benchmark equity indices logging a decline for the fourth straight …

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Sebi enhances IL&FS case penalty on ICRA, CARE and IndRa to Rs 1 crore

Mumbai: The Securities and Exchange Board of India (Sebi) has enhanced the penalty against three rating agencies- ICRA,CARE and India Ratings and Research to Rs 1 crore each for their lapses in giving credit rating to non- convertible debentures of IL&FS. “I find that the lapses on the side of …

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Shapoorji Pallonji Group agrees to exit Tata Group, says separation in best interest of all stakeholders

Mumbai: Shapoorji Pallonji (SP) Group said on Tuesday it is time to separate from Tata Group, and added it was crucial that an early resolution is reached to arrive at a fair and equitable solution, reflecting the value of the underlying tangible and intangible assets. “The SP-Tata relationship spanning over …

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Sebi bars DHFL promoters from securities market

Mumbai: The Securities and Exchange Board of India (Sebi) has barred promoters of Dewan Housing Finance Ltd (DHFL) from accessing the securities market for allegedly indulging in fraudulent transactions and defrauding investors by publishing false financial statements. The regulator has restrained Kapil Wadhawan, his relatives Dheeraj Wadhawan, Rakesh Kumar Wadhawan, …

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Ahead of Market: 12 things that will decide stock action on Wednesday

NEW DELHI: As Nifty ended with losses for the fourth consecutive session on Tuesday, it formed a Bearish Belt Hold-like candle on the daily chart. Chandan Taparia of Motilal Oswal Financial Services said till the index sustains below 11,333-11,300 zones, a bounce could be sold for further weakness towards 11,000 …

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IL&FS case: Sebi raises penalty to Rs 1 cr each on ICRA, CARE

New Delhi: Markets regulator Sebi on Tuesday enhanced the penalty amount to Rs 1 crore each on rating agencies ICRA and CARE in connection with lapses on their parts while assigning credit rating to non-convertible debentures of IL&FS. The crisis at diversified IL&FS, whose board was superseded by the government, …

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PFC dismisses speculations over FPO in near future

New Delhi: State-owned non-banking finance firm Power Finance Corporation (PFC) on Tuesday dismissed speculations about the launch of follow on public offer (FPO) to raise funds in near future. According to a BSE filing, PFC has been receiving queries on the recent news circulating in the market regarding the launch …

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Advent Stock Broking fined for violating norms in use of NSE co-location facility

New Delhi: Capital markets regulator Sebi on Tuesday imposed total fine of Rs 6 lakh on Advent Stock Broking Pvt Ltd for not adhering to the code of conduct prescribed for a stock broker and other market norms while using NSE‘s co-location facility. The order came after Sebi received multiple …

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