Ponzi schemes: Sebi says acted against 250 firms already

Last Updated: Friday, August 21, 2015, 16:13

Talking tough on illegal money- pooling schemes, regulator Sebi today said it has passed orders against 250 companies engaged in such activities and has also managed to recover Rs 26 crore from them so far.

Revenue Dept probing entities over penny stock misuse: Das

Last Updated: Friday, August 21, 2015, 15:40

A day after Sebi clampdown on 59 entities misusing stock market for evading taxes, the government today said the investigation wing of the Revenue Department is probing companies which use the penny stock route for tax evasion.

Fight against black money: SEBI bars 59 entities

Last Updated: Thursday, August 20, 2015, 21:33

In a fresh clampdown on entities misusing stock markets for evading taxes, regulator SEBI Thursday barred 59 entities, including HNIs, from securities markets and also referred the case to the Income Tax Department for further investigations.

No intention of banning P-Notes overnight: Rev Secy

Last Updated: Thursday, August 20, 2015, 19:30

Clearing the air on P-Notes, Revenue Secretary Shaktikanta Das Thursday said the government has no intention of banning these financial instruments overnight and it is examining how to improve the disclosures.

Sebi proposes relaxed norms for infra investment trusts

Last Updated: Thursday, August 20, 2015, 18:51

Under the proposed norms for InvITs, a new investment product for arranging long-term financing for infrastructure projects, Sebi has suggested allowing such trusts to invest in two-level SPV (special purpose vehicle) structure.

SEBI norms for start-ups painless, easy: U K Sinha

Last Updated: Tuesday, August 18, 2015, 22:33

Noting that number of start-ups in the country are growing at a rapid pace, SEBI chairman U K Sinha today said the new guidelines by the capital market regulator will help these firms list on the capital markets in a "painless and easy" manner.

Sebi clears rights issue of 2 cos; total reaches 10 in 2015

Last Updated: Tuesday, August 18, 2015, 17:24

Markets regulator Sebi has given its go-ahead to rights issue proposed by two companies -- Hydro S&S Industries Ltd and Ashima Ltd -- to raise a total of Rs 180 crore for repayment of loans.

Securities Appellate Tribunal upholds $7.5 billion refund order against PACL

Last Updated: Tuesday, August 18, 2015, 12:24

In its order, SEBI said PACL was selling fixed-return investment products disguised as land-for-fund schemes. It told the firm to return 491 billion rupees ($7.52 billion) it raised from 58.5 million customers.

MF exposure to bank stocks hit record high of Rs 85,000 cr

Last Updated: Monday, August 17, 2015, 16:02

In comparison, equity fund managers' deployment in banking stocks stood at Rs 55,086 crore in July 2014.

Stock market returns over 3-times more than gold: SEBI

Last Updated: Sunday, August 16, 2015, 11:59

At the same time, the equity market also helps in the growth of the Indian economy as the money invested in equities is utilised for infrastructure-building and for the economic prosperity of the country, Sinha said.

Govt appoints Arun P Sathe on Sebi's board, raises eyebrows

Last Updated: Friday, August 14, 2015, 11:33

Sathe's appointment has also been made at a time when one more position is vacant on Sebi's board and its Chairman U K Sinha's current tenure will also end in a few months.

Equity MFs folio count up 11 lakh in Apr-July

Last Updated: Thursday, August 13, 2015, 14:27

Equity mutual funds witnessed an addition of over 11 lakh investor accounts or folios in the first four months of the current fiscal (2015-16), primarily on the back of strong retail participation.