Bhopal, May 30 (IANS) With a view to improving, enhancing, and sprucing up religious infrastructure and boosting spiritual tourism, the Ujjain administration has announced ₹200 crore ‘Temple Bonds’ as part of its ₹1,100 crore project for the renovation and modernisation of 11 prominent temples in Ujjain and Agar Malwa districts. For the first time in the state, the administration will raise ₹200 crore through Temple Bonds, a unique financial instrument that allows citizens and institut…
Latest SEBI News & Updates
Mumbai, May 29 (IANS) Capital markets regulator SEBI on Friday imposed penalties exceeding Rs 29 crore on Suzlon Energy Limited and several of its former key officials in connection with alleged irregularities linked to the transfer of the company’s operation and maintenance services (OMS) business, financial statement misstatements and related party transactions.In its order, SEBI levied a penalty of Rs 15.95 crore on Suzlon Energy Limited. The regulator also imposed penalties on former execu…
Mumbai, May 26 (IANS) The Centre will sell up to a 2 per cent stake in public sector mining giant Coal India Limited (CIL) through an offer for sale (OFS) from May 27 to May 29, the company informed the stock exchanges on Tuesday.The floor price for the offer has been set at Rs 412 per equity share, which represents a 10 per cent discount on Tuesday’s closing price of Rs 455.90 on the National Stock Exchange (NSE).The government has proposed to sell 6.16 crore equity shares, constituting 1 per…
New Delhi, May 26 (IANS) Market regulator Securities and Exchange Board of India (SEBI) has initiated a pilot project to explore tokenisation of corporate bonds using distributed ledger technology (DLT), a move that could enhance liquidity and enable faster settlement in the debt market, SEBI Chairman Tuhin Kanta Pandey said on Tuesday.Pandey further stated that the pilot is aimed at assessing how blockchain-based systems can improve efficiency in bond trading and settlement, while also addressi…
Mumbai, May 25 (IANS) The Securities and Exchange Board of India (SEBI) on Monday proposed a standardised framework for managing strike prices of options contracts to ensure contracts remain available close to prevailing market levels during sharp intraday volatility.The move is aimed at improving trading continuity and ease of doing business in derivatives markets, the market regulator said in a consultation paper.A strike price is a pre-determined price at which an options contract can be exer…
Mumbai, May 23 (IANS) The Securities and Exchange Board of India (SEBI) has found seven individuals from a single family allegedly using social media platforms to influence retail investors and make illegal profit by taking buy positions ahead of public stock recommendations.An interim enforcement order named seven family members, using channels such as Telegram, WhatsApp and X to circulate tips for stock market manipulation.They took positions in scrips listed in Small and Medium-sized Enterpri…
New Delhi, May 22 (IANS) The Securities and Exchange Board of India (SEBI) has reportedly introduced a ‘one‑day‑a‑week work‑from‑home option’ for its junior employees a fortnight after Prime Minister Narendra Modi’s appeal for remote work to conserve energy.The market regulator is also considering postponing internal events to cut non‑essential travel and hotel costs as part of its effort to tackle the inflationary fallout of the US-Iran war, a report from NDTV Profit said citing s…
New Delhi, May 21 (IANS) Securities and Exchange Board of India (SEBI) in a consultation paper on Thursday proposed a sweeping reform in calculation of stock prices during IPO listings and re-listings.Current system of price discovery is artificially suppressing prices and triggering repeated upper circuits once trading begins, the market regulator said.It proposed automatic and faster expansion of price bands whenever strong investor demand emerges, reducing the need for manual intervention by …
Mumbai, May 21 (IANS) The Securities and Exchange Board of India (SEBI)-backed National Institute of Securities Markets (NISM) has joined hands with the Indian Institute of Corporate Affairs (IICA) to strengthen training in governance, ESG and capital markets, an official statement said on Thursday.The Memorandum of Understanding (MoU) was signed in Mumbai and aims to jointly design and deliver capacity building programmes, certification courses, executive education modules and training initiati…
Mumbai, May 21 (IANS) Agricultural commodity exchange NCDEX has launched RAINMUMBAI, India’s first SEBI-approved, exchange-traded weather derivatives contract, which will be introduced on May 29.The contract is designed to convert monsoon variability from an unpredictable challenge into a measurable, manageable and tradable financial risk within a regulated framework, the exchange said.Weather derivatives are financial instruments that help users manage risks arising from adverse or unexpected…