Mumbai, May 9 (IANS) The Securities and Exchange Board of India (SEBI) has proposed additional measures to its plan to reintroduce open‑market buybacks through stock exchanges, including a shortened completion timeline and new safeguards for minority shareholders.SEBI, after consultation with the Primary Market Advisory Committee (PMAC), said companies would be allowed to undertake open‑market buybacks which must be completed within 66 working days from the offer opening, and must use at lea…
Latest SEBI News & Updates
Mumbai, May 8 (IANS) The Securities and Exchange Board of India (SEBI) on Friday moved to end months of uncertainty over the use of market data for educational purposes by introducing a uniform 30-day lag on the sharing and use of such data.In a circular, the regulator said the revised framework will come into force from 1 July 2026. The move follows concerns raised by market participants and legal scrutiny over conflicting timelines prescribed in earlier Sebi directives.The confusion originated…
New Delhi, May 7 (IANS) Market regulator Securities and Exchange Board of India (SEBI) on Thursday discontinued the Investor Risk Reduction Access (IRRA) platform with immediate effect, citing its redundancy amid improved technological resilience in the trading ecosystem.In a circular, SEBI said stock exchanges had informed the regulator that the IRRA platform had not been used by brokers since it became operational in October 2023.The regulator noted that a combination of stronger regulatory me…
Mumbai, May 4 (IANS) Securities and Exchange Board of India (SEBI) Chairman Tuhin Kanta Pandey said on Monday that the market regulator will shortly issue an initial advisory on risks from next‑generation artificial intelligence models and AI‑led vulnerability‑scanning tools.Speaking at the IMC Chamber of Commerce and Industry Capital Markets Conference here, Pandey said rapid technological advances in AI were reshaping capital markets by improving efficiency while creating new systemic vu…
Mumbai, May 4 (IANS) The Reserve Bank of India (RBI) and the Insurance Regulatory and Development Authority of India (IRDAI) are not in favour of allowing banks and insurance companies to participate in the commodity derivatives market, Securities and Exchange Board of India (SEBI) Chairman Tuhin Kanta Pandey said on Monday.Speaking on the sidelines of the IMC Capital Markets Conference at the NSE, Pandey said both regulators have a “valid rationale” behind their stance and are not favourabl…
New Delhi, April 30 (IANS) Securities and Exchange Board of India (SEBI) on Thursday introduced a fast-track mechanism for processing private placement memoranda (PPMs) of Alternative Investment Funds (AIFs), a move aimed at reducing approval timelines and enabling quicker capital deployment.Under the revised framework, AIFs — excluding large value funds for accredited investors (LVFs) — can launch schemes and circulate their PPMs to investors after 30 days of filing the application with SEBI,…
Mumbai, April 30 (IANS) State-owned Union Bank of India on Thursday dismissed recent media reports regarding variations in deposits, stating that the claims are based on an unverified letter and contain factual inaccuracies.In a clarification statement, the bank said its financial statements undergo rigorous audit processes and have received unmodified audit opinions, confirming a true and fair view in line with regulatory and accounting standards.The bank said that it continues to focus on depo…
New Delhi, April 25 (IANS) The government on Saturday announced the operational guidelines for the Rs 10,000 crore Startup India Fund of Funds 2.0 (FoF 2.0), aiming to streamline capital deployment and improve funding access for startups across sectors and stages.The Department for Promotion of Industry and Internal Trade (DPIIT) under the Ministry of Commerce and Industry has unveiled a comprehensive framework to operationalise the second edition of the Fund of Funds scheme, with a focus on imp…
Mumbai, April 25 (IANS) Calling for integrity-driven growth in India’s capital markets, Finance Minister Nirmala Sitharaman said that the country’s financial future depends on building stronger, more transparent markets rather than simply scaling them up.Speaking at SEBI’s 38th foundational day event here, FM Sitharaman stressed quality over sheer expansion.“Above all, we want better markets, not merely bigger markets. Size without integrity is fragility. Volume without investor protecti…
New Delhi, April 25 (IANS) The Securities and Exchange Board of India (SEBI) has issued an administrative warning to Manappuram Finance Ltd Chairman and Managing Director, V.P. Nandakumar, for delayed disclosure of share pledge transactions, the company said in a regulatory filing on Saturday.The warning was issued via a letter dated April 24 related to a delay in disclosure of pledge of shares by the NBFC’s CMD in his personal capacity for transactions carried out between September 21 and Septe…