Mumbai, July 26 (IANS) Market regulator Securities and Exchange Board of India (SEBI) has clarified that listed debt entities taking over outstanding unlisted non-convertible debentures (NCDs) as part of a corporate restructuring or business transfer cannot avoid mandatory listing requirements merely because no fresh debentures have been issued.The clarification came through an interpretive letter issued in response to an informal guidance request from debt-listed company Ananya Finance for Incl…
Latest SEBI News & Updates
Mumbai, July 24 (IANS) The Securities and Exchange Board of India (SEBI) on Friday barred Viresh Joshi, former chief dealer of Axis Mutual Fund (MF), from the securities market for seven years and imposed a penalty of Rs 3 crore after finding him guilty of front-running trades involving the fund house.In its final order, the market regulator also debarred 20 other entities linked to the case for periods ranging from three to seven years and imposed monetary penalties between Rs 10 lakh and Rs 1 …
New Delhi, July 24 (IANS) ACC Ltd has begun FY27 with a resilient performance, supported by a higher share of trade volumes and continued premiumisation, while expressing confidence in improved operational performance in the coming quarters on the back of capacity expansion, cost optimisation and the proposed One Cement Platform, the company said on Friday.Quarterly cement sales volume stood at 10 million tonnes, with the share of trade sales rising five percentage points year-on-year to 81 per …
Mumbai, July 23 (IANS) The Securities and Exchange Board of India (SEBI) has proposed a comprehensive overhaul of the online dispute resolution (ODR) framework for the securities market, seeking to make the system more efficient, reduce resolution timelines and strengthen the enforceability of dispute outcomes.In a consultation paper, the capital markets regulator proposed transferring the responsibility for administering the ODR mechanism from ODR institutions to market infrastructure instituti…
Mumbai, July 23 (IANS) Ahead of its proposed initial public offering (IPO), Juniper Green Energy Limited has, through an addendum to its Draft Red Herring Prospectus (DRHP) filed with SEBI on July 9, disclosed pending litigation involving the company, its subsidiaries, promoters, directors and key managerial personnel.The draft papers disclosed that it is involved in a material civil litigation amounting to Rs 104.40 million, while its subsidiaries face criminal and civil proceedings involving m…
Mumbai, July 21 (IANS) Capital markets regulator SEBI on Tuesday asked depositories to put in place the operational framework and required system upgrades by August 1 to facilitate the implementation of the newly introduced ISIN-level freeze mechanism for promoter and promoter group holdings during share buybacks.In a circular, the regulator directed depositories to issue detailed operational guidelines covering the implementation of the ISIN-level freeze, including the format to be used by list…
Mumbai, July 20 (IANS) Chief Minister Devendra Fadnavis on Monday directed officials to propose a new DELTA (Maharashtra Digitisation and Exchange of Land Token Assets) Act to unlock the latent value of immovable properties for public benefit. He said the proposed legislation should harness the untapped economic potential of property assets and help create new revenue sources as Maharashtra works towards achieving its goal of becoming a USD 1 trillion economy by 2030.The Chief Minister also dire…
New Delhi, July 19 (IANS) Markets regulator Securities and Exchange Board of India (SEBI) has expanded its panel of forensic auditors by empanelling 18 additional firms, including Ernst & Young LLP, KPMG Assurance and Consulting Services LLP, Zx Grant Thornton Bharat LLP and Nangia & Co LLP, to conduct forensic audits of the financial statements of listed companies.The move follows a selection process initiated through a public procurement notice issued by SEBI in November 2025.According…
New Delhi, July 18 (IANS) Union Minister for Consumer Affairs, Food & Public Distribution and New & Renewable Energy Pralhad Joshi commissioned a White Rabbit Technology‑based Indian Standard Time dissemination demonstration network at the Regional Reference Standard Laboratory in Bengaluru, an official statement said on Saturday.The Demonstration Network enables secure dissemination of UTC (NPLI)-traceable Indian Standard Time using Precision Time Protocol (PTP)-based White Rabbit tec…
Mumbai, July 17 (IANS) Billionaire Mukesh Ambani-led Reliance Industries Limited (RIL) on Friday reported a consolidated net profit at Rs 20,946 crore for the first quarter of the current financial year (Q1 FY27), which represents a 22 per cent year-on-year (YoY) decline largely due to a one-time exceptional item in the same quarter of the previous year.The conglomerate’s net profit had jumped to Rs 26,994 crore in the first quarter of 2025-26 (Q1 FY26) due to the sale of Asian Paints stake.The …