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STATE OF THE MARKETS

Multi Commodity Exchange Clearing Corporation (MXCCL) has settled a case of securities law violation with market regulator Sebi by paying ₹2.7 crore as settlement amount. The regulator said MXCCL had filed a suo moto application with it proposing to settle a legal action that could be initiated against it for violation of risk management norms.

Vodafone Idea jumped over 20% on Tuesday as the government's decision to convert spectrum dues into equity eased investor concerns about the company's prospects. Analysts said the likelihood of the stock logging more gains soon makes it a strong pick for punters, but investors would want to see more signs of a revival in business prospects to add it to their long-term portfolio.

equity fundraising remain in full swing. Over the past three days alone, 14 companies filed their draft prospectuses with the Securities and Exchange Board of India (Sebi). The rush comes as companies aim to meet the deadline for submitting documents along with their audited financial statements for the quarter ended September 30, 2024.

Subscribe to enjoy similar stories. In India, CDSL Ventures Ltd (CVL) is granted recognition by Sebi to act as an accreditation agency for investors. The person will have to carry out the accreditation process on his own, visit the CVL portal, and submit proof of identity, such as PAN, Aadhaar card or passport.

Michigan State’s Elite Eight run, has entered the transfer portal. The 6-foot-2 guard from Minneapolis averaged 9.1 points and 3.7 assists per game, shooting 37.3 per cent from the field. Holloman, a team captain, started 16 of the Spartans’ 37 games this season before moving to the bench in February. He, as per reports, shared point guard duties with redshirt freshman Jeremy Fears. He played alongside Jaden Akins and Jase Richardson in the backcourt. According to Spartan Mag, his impact included a buzzer-beating three-pointer against Maryland. He helped Michigan State secure the Big Ten regular-season title. However, in the Spartans’ season-ending loss to Auburn (70-64), Holloman struggled. He just scored two points on 0-for-10 shooting. With Michigan State’s rosters in flux, Holloman will explore new opportunities but retains the option to return before the April 22 deadline.

Dennis Rodman is a highly regarded professional basketball player, famous for his defensive and rebounding abilities in the National Basketball Association (NBA). Besides his sports career, Rodman has even had a brief stint as an actor and political diplomat. Fondly called 'The Worm,' Rodman was a member of different sides that won five championship victories. He has also secured the Defensive Player of the Year awards twice and was on top of the league in rebounds per game for a total of seven straight seasons.

Signal. According to the NSA advisory, many users believe app weaknesses are core to their warning, yet the agency emphasizes that user activities remain the main security concern. Users need to manage their settings cautiously to stop their data from unintentionally revealing itself during use, according to the agency.

Speaking before the Treasury Committee today (1 April), Hughes said he was unable to determine whether this was a leak or «well-informed speculation», adding that the OBR was not the «source of this information» following «proportionate inquiries» into the incident. Spring Statement 25: OBR halves UK growth forecast to 1% for 2025 «The OBR takes the security of its forecasts very seriously,» Hughes said. «It is very important for us that our preliminary forecasts are only received by the government.» He added that in its 15-year history, the UK's economic forecaster has never leake...

Mahua Moitra to make representation to the Securities and Exchange Board of India for seeking transparency and investor awareness in the financial markets by mandating public disclosure of ultimate beneficial owners (UBO) details as well as portfolio holdings of alternative investment funds (AIFs) and foreign portfolio investors (FPIs). A Bench led by Justice BV Nagarathna while refusing to entertain the Moitra’s petition gave liberty to her to make representation to Sebi. Once representation is made, it shall be considered in accordance with law, the apex court said The MP told the SC that the rapid expansion of AIFs and FPIs in India's financial markets has given rise to serious transparency concerns. “Unlike Mutual Funds (MFs), which are subject to stringent public disclosure norms, AIFs and FPIs operate under opaque structures, raising risks of market manipulation, money laundering, and tax evasion,” she said. The lack of public disclosure norms on AIFs and FPIs pose severe risks to financial stability, market integrity, and economic sovereignty, she said. Given the increasing role of AIFs and FPIs in India's financial markets, regulatory transparency is crucial to protect the interest of market stakeholders, especially the retail investor, ensuring market stability and preventing financial malpractices through circumvention of the law, the petitioner said.

Some brokers now allow investors to gift securities to family and friends online, directly from their demat account. You can use this to easily gift shares, bonds, exchange traded funds and even mutual funds held in your demat account.

Arm Holdings recently sought to acquire Alphawave, a UK-based supplier of semiconductor intellectual property, to secure a crucial technology that is crucial for building its own artificial-intelligence processors, according to three sources familiar with the matter. Alphawave, which has a market value of 707.1 million pounds ($913.36 million), has been working with its investment bankers to explore a sale after receiving acquisition interest from Arm and other potential acquirers, one of the sources told Reuters. Arm, however, has decided not to pursue a takeover of Alphawave after its initial discussions with the company, two of the sources said.

Subscribe to enjoy similar stories. When Donald Trump announced his bid for reelection in November 2022, the 45th President of the US relied on promises of sweeping reforms to win the American people over. Among these promised reforms was the idea of increasing tariffs.

Subscribe to enjoy similar stories. New Delhi: The US has once again raised objections to India’s trade policies, including key initiatives meant to support local manufacturing, casting a shadow on ongoing negotiations between the two nations for a bilateral trade agreement.

IPO comprises a fresh issue of equity shares aggregating up to Rs 500 crore and an offer for sale (OFS) valued at Rs 1,500 crore, according to the Draft Red Herring Prospectus (DRHP) filed on March 30. The OFS comprises sale of shares worth Rs 1,430 crore by promoter Kamlesh Jain and Rs 70 crore by shareholder Mayank Pareek.

stock market fraud and regulatory violations. The HC last month granted the interim stay on the special court's order, noting it was passed mechanically and no specific role was attributed to the accused. On Tuesday, Justice Shivkumar Dige noted that the original complainant in the case has filed an affidavit and granted time to Buch and others to go through the same. «The interim relief granted earlier shall continue until further orders,» Justice Dige said, posting the matter for further hearing on May 7. Last month, Buch, three current whole-time directors of the Securities and Exchange Board of India (Sebi) Ashwani Bhatia, Ananth Narayan G and Kamlesh Chandra Varshney, Bombay Stock Exchange's Managing Director and Chief Executive Officer Sundararaman Ramamurthy and BSE's former chairman and public interest director Pramod Agarwal moved the HC against the special court order.

autonomous flying taxis for commercial use, marking a significant step in its low-altitude economy. The Civil Aviation Administration of China (CAAC) has granted air operator certificates to EHang Holdings and Hefei Hey Airlines, allowing them to operate passenger drones for urban sightseeing tours, the South China Morning Post (SCMP) reported.

Security forces on Tuesday launched search operations in five areas of Jammu and Kashmir's Poonch district, officials said. The operations are part of enhanced security measures aimed at maintaining high vigilance in the border district, they said.

The deposit protection limit is the maximum amount of money the FSCS protects if a depositor's bank, building society, or credit union becomes insolvent. It has remained at £85,000, per person, per institution since 2017. FCA and PRA ditch plans to progress with diversity and inclusion targets The proposed increase accounts for inflation over the past seven years and aims to reassure consumers about the security of their deposits in UK-authorised financial institutions. If implemented, the new limit will apply to firms that fail from 1 December 2025. PRA deputy governor for prudent...

Subscribe to enjoy similar stories. If you are the kind who reads the inside pages of newspapers, you may have noticed a surge in fraudulent digital arrests, WhatsApp money transfer scams, online Ponzi schemes, deepfake videos of famous people recommending some fraudulent investment and investors losing money on financial derivatives. The digital system as it has evolved is at the heart of such things.

Subscribe to enjoy similar stories. US equity indices have been in the red for the past month as recession fears take centre-stage. Add to that the US President’s steep spending cuts and tariff hikes and it’s no wonder investors are getting jittery, preferring to shift their stock bets to other countries.