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The Economic Times

Sebi’s proposed merchant banking regulations: Will it make the big bigger?

The capital markets have transformed substantially over the last three decades. Therefore, it's crucial to re-evaluate the existing regulatory framework to align with the current market realities. SEBI's consultation paper on the proposed MB Regulations, released on August 28, 2024, is a positive step in this direction, offering several insightful suggestions. However, a few of the proposed changes warrant further deliberation.

The Economic Times

Bengaluru Development Authority to switch all properties to e-Khata system starting Sept 13

Starting September 13, 2024, the Bengaluru Development Authority (BDA) will transition all properties under its jurisdiction to an e-khata system, replacing the traditional paper-based khata system. This move aims to enhance transparency in property transactions, help identify double registrations and fraudulent activities, and allow buyers to verify property legality.

Hindustan Times

Trump can only watch as his media stake takes a $4 billion dive

The paper fortune that former President Donald Trump amassed by taking a nascent media startup public is shriveling and a race to exit could shrink it even more

Business Standard

Nazara Tech buys 48% stake in Paper Boat Apps for Rs 300 cr

The gaming and sports media company announced that it has acquired 5,157 equity shares of Rs 10 each, representing 48.42% of the equity share capital of Paper Boat Apps, from its founding shareholders, Anupam Dhanuka and Anshu Dhanuka.

Business Standard

Bomb threat: Vistara sends new aircraft to fly passengers from Turkey

Vistara on Saturday said it is dispatching an alternative aircraft along with a fresh set of crew to fly the passengers of its Mumbai-Frankfurt flight to their destination after it was diverted to Erzurum Airport in Turkey due to an alleged bomb threat on Friday. The substitute aircraft is expected to arrive at the Turkish airport by 12.25 (local time) and depart for Frankfurt with all passengers by 14.30 hours (Local time), Vistara said in an updated statement of X (formerly Twitter). The flight UK 27, operating on Mumbai-Frankfurt route, departed from Mumbai at 1.01 pm on Friday after a delay of an hour and was scheduled to arrive in Frankfurt (Germany) at 5.30 pm (local time). The Dreamliner 787-9 aircraft was, however, diverted to Turkey after the airline's crew on-board found a paper note stating that there was a bomb on the aircraft, Vistara sources had said. According to an AP report, the aircraft had 247 passengers and crew on board. The flight landed safely at Erzurum Air

The Economic Times

Sebi modifies reporting timelines for commercial paper payment obligations

Sebi has revised the reporting timeline for entities with listed commercial papers to disclose their payment obligations within one working day of the due date. This change aligns with the requirements for non-convertible securities, enhancing transparency and ensuring timely disclosures. The new rule applies to payments of interest, dividends, or principal redemption.

Business Standard

Sebi alters reporting timelines for commercial paper payment obligations

Sebi on Friday modified the timeline for entities with listed commercial papers to report the status of their payment obligations within one working day of the payment due date, bringing it in line with the reporting requirements for non-convertible securities. The move will enhance transparency for stakeholders and ensure timely disclosures by the entities. In its circular, Sebi said, the LODR (Listing Obligations and Disclosure Requirements) rules mandate entities with listed non-convertible securities to report the status of their payment obligations (payment of interest or dividend or repayment or redemption of principal) within one working day of its payment becoming due. Earlier, the rule required issuers of listed commercial papers to submit a certificate confirming the fulfilment of their payment obligations within two days of payment becoming due. Sebi said it has amended the rule in order to align the timeline of intimating stock exchanges regarding status of payment ...

CNBC TV18

SEBI pushes for UPI-based trading facility in secondary markets, seeks public feedback

In its consultation paper on Wednesday, SEBI has suggested that QSBs must provide the facility of trading using the UPI block mechanism in the cash segment for their clients — individuals and HUFs — with an appropriate glide path for implementation.

CNBC TV18

SEBI pushes for UPI-based trading facility in secondary markets, seeks public feedback

In its consultation paper on Wednesday, SEBI has suggested that QSBs must provide the facility of trading using the UPI block mechanism in the cash segment for their clients — individuals and HUFs — with an appropriate glide path for implementation.

CNBC TV18

SEBI pushes for UPI-based trading facility in secondary markets, seeks public feedback

In its consultation paper on Wednesday, SEBI has suggested that QSBs must provide the facility of trading using the UPI block mechanism in the cash segment for their clients — individuals and HUFs — with an appropriate glide path for implementation.

CNBC TV18

SEBI pushes for UPI-based trading facility in secondary markets, seeks public feedback

In its consultation paper on Wednesday, SEBI has suggested that QSBs must provide the facility of trading using the UPI block mechanism in the cash segment for their clients — individuals and HUFs — with an appropriate glide path for implementation.

The Economic Times

IndiGo flight to Hyderabad diverted due to bomb threat; nothing suspicious found

Indigo Flight Bomb Threat: An IndiGo flight from Jabalpur to Hyderabad was diverted to Nagpur on Sunday morning due to a bomb threat. The threat, written on a piece of paper found in the aircraft's bathroom, prompted immediate security checks upon landing. All passengers were safely disembarked and provided with assistance.

CNBC TV18

SEBI pushes for UPI-based trading facility in secondary markets, seeks public feedback

In its consultation paper on Wednesday, SEBI has suggested that QSBs must provide the facility of trading using the UPI block mechanism in the cash segment for their clients — individuals and HUFs — with an appropriate glide path for implementation.

CNBC TV18

SEBI pushes for UPI-based trading facility in secondary markets, seeks public feedback

In its consultation paper on Wednesday, SEBI has suggested that QSBs must provide the facility of trading using the UPI block mechanism in the cash segment for their clients — individuals and HUFs — with an appropriate glide path for implementation.

The Economic Times

Sebi to tweak SME IPO norms, bring discussion paper by end-FY25: Bhatia

Sebi is set to tighten norms for SME IPOs after cautioning investors about unrealistic business projections by several small and medium enterprises. A discussion paper will be released before year-end. Additionally, stricter monitoring and auditing will be implemented to ensure compliance, according to Sebi's Ashwani Bhatia at the Global Fintech Fest.

Business Standard

Sebi plans to tighten SME IPO norms, migration regulations: Ashwani Bhatia

A consultation paper to review the eligibility conditions, disclosures, and institutional portion expected soon

Business Standard

Ravinder Heights Ltd leads gainers in 'B' group

Allied Digital Services Ltd, Balkrishna Paper Mills Ltd, Oswal Agro Mills Ltd and Intrasoft Technologies Ltd are among the other gainers in the BSE's 'B' group today, 30 August 2024.

CNBC TV18

Sebi proposes mandatory maintenance of communication record for 8 years

In its consultation paper, the regulator suggested that all entities regulated by it should maintain records of all required communications, including acknowledgements, for at least eight years as per their governing regulations.

Business Line

IBBI Unveils Bold Plan to Accelerate MSME Resolutions under IBC

IBBI has brought out a discussion paper on MSME Registration and Disclosure Framework under CIRP. Comments on the discussion paper may be submitted electronically by September 12

Business Standard

CRISIL reaffirms ratings of DCM Shriram at 'A1+'

DCM Shriram said that CRISIL Ratings has reaffirmed its 'CRISIL A1+' rating on the commercial paper of the company.

Business Standard

KRN Heat to float initial share sale in Sep, collects Rs 9.54 cr in pre-IPO

KRN Heat Exchanger and Refrigeration Ltd is likely to come out with its initial share sale next month, and funds will be used for expansion plans, market sources said on Sunday. On Saturday, the company announced raising Rs 9.54 crore by a pre-IPO (initial public offering) placement round. The Rajasthan-based company manufactures fin and tube-type heat exchangers for the heat ventilation air-conditioning and refrigeration industry. The company's entire manufacturing operations are undertaken at its consolidated manufacturing facility comprising two industrial plots located in the RIICO Industrial Area, Neemrana, Rajasthan. KRN Heat Exchanger's initial paper was filed in January 2024, comprising entirely a fresh issue of 1.93 crore equity shares with no OFS component. Later, the company filed the papers in late March with a revised issue size. Going by the draft papers filed in March, the company's proposed IPO involved a fresh issue of size of 1.6 crore equity shares. Market sou

Business Standard

Sebi proposes expansion of sustainable fin framework in securities market

Markets regulator Sebi has proposed expansion of the sustainable finance framework in the securities market by introducing a new category of financial instruments. This category will include Social Bonds, Sustainable Bonds, and Sustainability-linked Bonds in addition to the current green debt securities. It aims to provide issuers with flexibility in raising funds for projects that align with environmental, social, and governance (ESG) objectives. In a consultation paper released on Friday, Sebi proposed that issuers, in addition to existing green debt securities, be allowed to raise funds through issuance of social bonds, sustainable bonds, and sustainability-linked bonds. These bonds will collectively be known as ESG Debt Securities. This will enable issuers to raise money for more sustainable projects, assisting in closing the funding gap for the Sustainable Development Goals. Sebi said it received representations from market participants including the Confederation of Indian ..

Business Standard

Investment advisers, analysts must disclose AI tool usage to clients: Sebi

Sebi has proposed that registered Investment Advisers and Research Analysts who employ artificial intelligence (AI) tools in their services must disclose the extent of usage to clients, emphasizing the importance of strong security measures to avoid unintended data exposure. This transparency is crucial for clients to understand how AI tools contribute to their investment decisions and to make informed choices about their advisory services. "The possibility of unintended data exposure highlights the need for strong security measures and clear disclosure to clients about the extent of AI tool usage", Trivesh D, COO at Tradejini, a stock trading platform, told PTI. The Securities and Exchange Board of India (Sebi), in its consultation paper earlier this month, highlighted the growing usage of AI tools in Investment Adviser (IA) and Research Analyst (RA) services. With technological innovations and advancements, many AI tools are currently available in chatbot form such as OpenAI's ..

Business Standard

Sebi-proposed F&O trading regulations to hit exchanges, brokers: Reports

Stock exchanges and brokers, catering to retail traders, could be hit hard by the regulator Sebi's proposed measures for Futures & Options (F&O) trading regulations, with market volumes slumping 30-40 per cent, according to reports. If these measures are implemented, the number of investors could decrease, it added. Moreover, discount brokers, who depend heavily on retail investors, are expected to be more affected than traditional full-service brokers. Sebi, in its consultation paper in July, proposed seven measures, including increasing minimum contract size and upfront collection of option premiums, intra-day monitoring of position limits, rationalisation of strike prices, removal of calendar spread benefit on expiry day and increase in near contract expiry margin. Sebi stated that these measures are aimed at enhancing investor protection and promote market stability in derivative markets. According to a report by Jefferies, Sebi's proposed measures to reduce the number of .

Mint

Orient Paper & Industries Q1 results: loss at ₹6.42Cr, Revenue decreased by 2.05% YoY

Orient Paper & Industries Q1 results: Revenue decreased by 2.05% YoY & loss at ₹6.42Cr

The Economic Times

Why a new Sebi paper is making options traders sweat

To curb short-term speculation in options market, Sebi has rolled out a consultation paper. However, this has not gone down well with the traders. They will now have to change their strategies, rather build them from scratch, to align with expiries.

Business Standard

L&T Finance planning to resume retail bond issuance in H2FY25: CFO Joshi

Firm stepping up borrowing through Commercial Paper to make the most of soft interest rates

Mint

Edelweiss Asset Management CEO Radhika Gupta applauds SEBI's consultation paper on ‘new asset class’ . ‘India finally…’

Edelweiss Asset Management CEO Radhika Gupta commended SEBI's new consultation paper on 'New Asset Class,' highlighting India's move towards diverse investment products, evolving AMC business models, and the enduring convenience of the mutual fund platform.

Business Line

Century Textiles reports ₹7.8 crore net profit in June quarter, driven by pulp and paper

Despite the challenges of rising input costs and global supply chain issues, the company’s real estate segment, under Birla Estates, showed robust growth, contributing ₹338 crore to revenue.

Business Line

Groww files paper to launch Nifty India Defence ETF

Nifty India Defence ETF targets to generate long-term capital growth by investing in securities of the Nifty India Defence Index

Business Line

IndiGo gets nod for electronic flight folders whichwill help save emissions

EFF revolutionises flight planning with digital tools, reducing paper waste, carbon emissions, and improving operational efficiency for airlines

The Economic Times

Kesoram committed to Cygnet after cement demerger, aims turnaround with Japanese Futamura

Kesoram Industries, a B K Birla group firm, reaffirms commitment to loss-making subsidiary Cygnet Industries Ltd, with plans to engage Futamura as strategic investor post cement business demerger. AGM attended by shareholders and schoolgirls, missing Manjushree Khaitan, chaired by Satish Narain Jajoo. CFO reveals fund infusion of Rs 45-60 crore needed for Cygnet to boost turnover to Rs 1,000 crore, focusing on innovative packaging products like biodegradable cellulose transparent paper.

The Economic Times

Nestle sees stable sales growth from Q2, CEO tells paper

Nestle anticipates stable growth with positive volume and product mix contributions, overcoming challenges like cost inflation and lower sales volumes. The iconic brands like Nespresso, KitKat, and Perrier continue to drive growth, reflecting a 1.4% rise after adjusting for currency swings.

The Economic Times

187 BSE500 stocks offer double digit returns as markets scaled new heights in June

The India Cements was the top gainer in this pack with nearly 44% return, followed by Amara Raja Energy (41%), JK Paper (40.5%), and V Mart Retail (40.5%).

The Economic Times

Sebi for mandatory disclosure of risk-adjusted return by MFs

"... it is felt that the risk adjusted return (RAR) of a scheme portfolio represents a more holistic measure of the scheme's performance because it quantifies the amount of return generated by a mutual fund scheme for each unit of risk taken to achieve that return," Sebi said in a discussion paper.

The Economic Times

Trai inputs sought on rolling out authorisation mechanism

"Trai met the telecom operators and internet service providers today (Thursday) to seek their inputs on the authorisation structure. The players can provide their comments by early next week, following which Trai will issue a consultation paper," an official told ET on condition of anonymity. The Telecommunications Act, which came into force on June 26, calls for a simple regulatory framework by abolishing the license regime and replacing it with an authorisation mechanism.

The Economic Times

Explained: How the National Testing Agency (NTA) functions?

The National Testing Agency (NTA) faces scrutiny over recent exam irregularities in NEET-UG and UGC-NET. Established in 2017 under the Education Ministry, NTA conducts major exams like JEE-Main, NEET-UG, and UGC-NET. Recent controversies include grace marks disputes in NEET and paper leaks in UGC-NET, prompting a high-level review of NTA's operations and leadership changes.

The Economic Times

NEET paper leak case: Now, Maharashtra arrest and Delhi connection plot

The Central Bureau of Investigation (CBI) has arrested a school teacher from Latur, Jalil Khan Pathan, and detained Sanjay Jadhav, another teacher on the run. The police are investigating a national-wide racket in the alleged NEET-UG paper leak. The case was registered based on input from the Maharashtra anti-terrorism squad, which had identified a covert operation in Latur.

The Economic Times

Centre notifies rules under anti-paper leak law, mandates NRA to prepare SOPs for tests

The Indian government has released rules under the Public Examinations (Prevention of Unfair Means) Act, 2024, which mandates the National Recruitment Agency (NRA) to prepare norms, standards, and guidelines for computer-based tests. The Act, passed by Rajya Sabha and Lok Sabha, aims to prevent unfair means in public examinations conducted by various public bodies.

Business Line

Broker’s call: West Coast Paper (Buy)

AUM Capital