New Delhi, July 10 (IANS) India’s civil aviation regulator, the DGCA, has pulled up the country’s largest domestic airline, IndiGo, over an incident involving the spillage of cargo that was detected after the arrival of a flight.IndiGo’s parent company InterGlobe Aviation has received a warning letter from the Directorate General of Civil Aviation (DGCA) after an audit found deviations from standard operating procedures, including certain provisions under the Aircraft (Carriage of Dangerous Go…
Latest SEBI News & Updates
New Delhi, July 10 (IANS) The government on Friday issued clarifications on certain media reports regarding functioning of designated 1600 series and 140 series, which could potentially lead to misinformation or misinterpretation of operation of these designated series.According to the TRAI, the 1600 series numbers are mandated for service and transaction calls by regulated entities of BFSI sector.These calls are for entities regulated by RBI, SEBI, IRDAI and PFRDA to their existing customers an…
Mumbai, July 8 (IANS) Ahead of its much-awaited initial public offering (IPO), the National Stock Exchange (NSE) has reported a slowdown in its core operating performance, with revenue from key business segments and trading activity declining during FY26, according to its Draft Red Herring Prospectus (DRHP) filed with the Securities and Exchange Board of India (SEBI).The exchange’s total revenue from operations fell to Rs 16,601.3 crore in FY26 from Rs 17,140.67 crore in FY25, marking a decline …
New Delhi, July 8 (IANS) Shares of private lender South Indian Bank tumbled nearly 10 per cent on Wednesday after the lender announced that it had received the Reserve Bank of India’s (RBI) approval for the appointment of Mahesh Muralidhar Pai as its Managing Director and Chief Executive Officer (MD & CEO).The private banking stock declined as much as 9.86 per cent to Rs 43.02 on the BSE. At around 12:05 pm, it was trading at Rs 44.23, down more than 7 per cent.In a regulatory filing, the pr…
Mumbai, July 8 (IANS) The Securities and Exchange Board of India (SEBI) has notified amendments to the Foreign Portfolio Investors (FPI) Regulations, replacing the US dollar-denominated fee structure with a rupee-denominated payment mechanism for foreign investors and foreign venture capital investors (FVCIs).The changes will come into effect after six months, giving foreign investors and intermediaries adequate time to transition to the new system.According to a notification issued by SEBI, the…
Mumbai, July 7 (IANS) The National Financial Reporting Authority (NFRA) has initiated its investigation into the alleged financial misstatement case involving Rajesh Exports, with Chairman Nitin Gupta confirming that the audit regulator has begun its process following a referral from the Securities and Exchange Board of India (SEBI).Speaking on the sidelines of a conference organised by the Federation of Indian Chambers of Commerce and Industry (FICCI) in Mumbai on Tuesday, Gupta said the regula…
Mumbai, July 7 (IANS) The National Stock Exchange’s proposed Rs 30,000 crore initial public offering, expected to be the largest share sale in Indian history, comes after a decade-long delay caused by the co-location controversy. Even as the exchange prepares to list, recent regulatory curbs on derivatives trading have weighed on its revenue, profitability and market share, raising fresh questions ahead of the long-awaited IPO, as per the Value Research report.The roadblock stemmed from the co…
Mumbai, July 6 (IANS) The National Stock Exchange’s (NSE) long-awaited initial public offering (IPO) is now likely to be launched in September, with pending regulatory and legal issues continuing to delay the process. While earlier reports had suggested the exchange could hit the market sooner, unresolved matters — including the long-running co-location case and other disclosures in its draft red herring prospectus (DRHP) — have kept the listing on hold.One of the key issues has been the long-…
New Delhi, July 3 (IANS) The Securities and Exchange Board of India on Friday said that shares allotted to investors but not fully paid for must remain in clients’ demat accounts, while brokers have a formal pledge over them until outstanding dues are cleared.Under the revised framework, unpaid securities will be credited first to the investor’s demat account and then automatically pledged in favour of the broker through a dedicated “Client Unpaid Securities Pledgee Account” (CUSPA), the…
New Delhi, July 3 (IANS) The mutual fund industry has become a key pillar of India’s financial markets by helping households create long-term wealth and providing stable domestic capital for economic growth, but millions of Indian households are still outside the mutual fund ecosystem, making innovation in products, distribution and investor communication critical for broader participation, SEBI Whole-Time Member Amarjeet Singh said on Friday.Addressing ASSOCHAM’s 17th Mutual Fund Summit on the …