Madhabi Puri Buch News

fresh allegations dragging the role of Sebi chief Madhabi Puri Buch and her husband in the Hindenburg case, the Adani Group on Sunday issued a statement saying they have absolutely no commercial relationship with the individuals and that the claims are no more than red herrings thrown by a desperate entity. “The latest allegations by Hindenburg are malicious, mischievous and manipulative selections of publicly available information to arrive at pre-determined conclusions for personal profiteering with wanton disregard for facts and the law. We completely reject these allegations against the Adani Group which are a recycling of discredited claims that have been thoroughly investigated, proven to be baseless and already dismissed by the Hon'ble Supreme Court in January 2024,” the Adani Group said in a statement.

Hindenburg Research as “baseless ”, Sebi chief Madhabi Puri Buch and her husband Dhaval Buch today said the US-based short-seller is resorting to character assasination in response to a show-cause notice issued by the regulator in the Adani controversy. “It is unfortunate that Hindenburg Research against whom SEBI has taken an Enforcement action and issued a show cause notice has chosen to attempt character assassination in response to the same,” the husband-wife duo said in a late night statement.

₹5 lakh to ₹15-20 lakh, higher upfront margins to be paid for trades, allowing only one weekly expiry per exchange (as opposed to daily), and the intraday monitoring of position limits. These and other steps would be in addition to the action it took earlier. On its part, the Centre’s budget has doubled the securities transaction tax on futures and options.

Dalal Street has been brimming with confidence that Nirmala Sitharaman will continue singing the good old capex song in the Union Budget once again today, there are fears that the dharma of coalition politics might have a bearing on government policies as well. The tough ask for Sitharaman is to balance welfare spending without losing the grip over capex. The consensus view on Dalal Street is that strong economic momentum, robust GST collection, asset monetisation and record RBI dividend can help the government deliver on both.

Stock Exchange (NSE) on Thursday said it will impose a cap of 90% on the issue price of SME IPOs during the pre-open session on listing day. The move is aimed to bring stability to the opening price discovery of these stocks. As of now, there is no cap for SME IPOs on the listing day.

expert panel of the Securities and Exchange Board of India (Sebi) will meet early next week to discuss various measures to lower risks in the equity derivatives market, said two people familiar with the development. «The only agenda of the secondary market advisory committee which is meeting on July 15, is to discuss these short-term measures for F&O segment,» said one of the persons. A working group headed by former RBI executive director G Padmanabhan has discussed various proposals including limiting weekly options, increasing lot sizes of F&O contracts, enhancing margin requirements, upfront collection of option premium from buyers of options, and intra-day monitoring of position limits, the person said.

Sebi on Thursday approved a proposal to tighten rules on the inclusion of stocks in the futures and options(F&O) segment and approved introduction of fixed price for taking a company private. The revision will lead to addition and deletion of about two dozen stocks.

Sebi on Thursday decided to streamline the process for public issuance of debt securities to provide faster access to funds for such issuers. Under this, the Sebi's board has decided to reduce the period for seeking public comments on the draft offer documents from 7 working days to 1 day for issuers whose specified securities are already listed and 5 days for other issuers. Further, the minimum subscription period has been cut from 3 to 2 working days, and the listing timeline has been reduced from T+6 to T+3 working days, which will be initially optional for one year and mandatory thereafter, Sebi chief Madhabi Puri Buch said in a press conference.

Sebi) on Thursday approved finfluencer norms, prohibiting regulated entities like brokers from dealing with them. The decision was taken at a board meeting of the regulator.

Salil Parekh, CEO of India's second biggest IT services export company, has agreed to pay a fine of ₹25 lakh (close to $30,000) to the markets regulator for failing to have adequate controls to prevent insider trading, it added.The case pertains to entities and individuals including Pranshu Bhutra, Amit Bhutra, Bharath C. Jain, Capital One Partners, Tesora Capital, and Venkata Subramaniam V.

TMC MP Saket Gokhale has asked securities market regulator Sebi to investigate the June 3 stock market manipulation triggered by election exit polls. In a letter to Sebi chief Madhabi Puri Buch, Gokhale said multiple exit polls predicted a landslide win for the BJP. But, one exit poll predicted “extremely strange” and “inflated seat numbers” for the BJP in several Indian states.

Also Read: RBI Bulletin: From GDP growth to inflation - here are five key highlights Accordingly, agency banks are advised to keep all their branches dealing with government business open on March 31, 2024 (Sunday), it said. The RBI added that the banks shall give due publicity on the availability of the above banking services on this day.

MUMBAI : India's top small-cap fund managers will take anywhere between a day and 17 days to liquidate a quarter of their portfolios during market upheavals, as revealed by stress tests conducted by various fund houses. Asset managers would likely require a minimum of three days and a maximum of 34 days to exit half of their mid-cap stocks. Market regulator Securities and Exchange Board of India (Sebi) initiated these stress tests following concerns about potential market bubbles, primarily fuelled by the overenthusiasm of retail investors.

MUMBAI : India's top small-cap fund managers will require substantial time, in some cases up to 30 days, to liquidate a quarter of their portfolios during market upheavals, as revealed by stress tests conducted by various fund houses. Fund houses would likely need between six days and 30 days to exit a quarter of their small-cap portfolio, and 12-60 days to liquidate half of the portfolio. If a fund takes longer than two to three days to return investors' money, it suggests stress in the portfolio.

Mint in the week gone by. The Securities and Exchange Board of India (Sebi) has flagged the possible risks for retail investors from the build-up of bubbles in the stock market. The retail inflation for February came in at 5.09%, largely unchanged from the previous month, while core inflation eased further.

Sebi) is likely to discuss regulations on ease of doing business for foreign portfolio investors, alternative investment funds (AIFs), and portfolio management services (PMS). The officials are also expected to discuss easing regulations further for initial public offerings (IPOs), according to multiple news reports.

Texmaco, Railtel, IRFC, RITES, and IRCON jumped 9-10% each while PSU bank stocks — UCO Bank, Central Bank, Punjab & Sind Bank — also rallied 9-10% each. Some of the biggest gainers in the small and midcap space were BLS International, ITI, SJVN, and Swan Energy with upsides between 10-20% each. Adani stocks, which were among the worst affected in yesterday's sell-off, also rallied up to 9%.

The Indian stock market is undergoing some turbulence. Its benchmark index fell 1.2% on Wednesday. The drop was steeper in the prices of mid- and small-cap stocks, whose indices went down by 4% and 5%, respectively.

US inflation data has raised concerns that Jerome Powell-led US Federal Reserve may postpone cutting interest rates in June over achieving its inflation target of two per cent. This also led foreign investors dumping Indian shares today with the total outflow by foreign institutional investors (FIIs) coming in at ₹4,595 crore, according to NSE data. Domestic institutional investors (DIIs) instead bought ₹9,094 crore in Indian equities, but that could not stabilise the larger selling pressure today witnessed across counters.

BSE Sensex fell 1.2% to 72,761.89 points, their worst decline since 23 January. The broader market saw worse: The Nifty Small Cap 250 and the Nifty Mid-Cap 150 plunged 5.2% and 4.2% respectively, their steepest one-day plunge in over two years. Comments by the stock market regulator on a potential bubble in the stock market, and a crackdown on several errant companies by the central bank have added to concerns, at a time small and mid-cap stocks have far outpaced the market's gains.

Uday Kotak on Wednesday said Indian markets are not in a bubble. There may be some «early froth», and it may be a «little bubbly» but the markets are not out of control, Kotak said, speaking in the presence of top officials from Sebi in a conference organised by the capital markets watchdog. The statement from Kotak, the founder and non-executive director of private sector lender Kotak Mahindra Bank, comes two days after Sebi chairperson Madhabi Puri Buch had said that there are pockets of froth in the small and mid-cap stocks and the regulator is looking into the same to come out with a possible consultation paper.