Page 2 - Latest Updates on SEBI
Ayr Energy files counterclaims against India's Zetwerk in US court
Alleges trade secret theft, seeks import ban, and at least $1 billion in damages; Zetwerk dismisses claims as retaliatory
 "Ayr Energy files counterclaims against India's Zetwerk in US court")
Exchanges gear up for new closing auction mechanism from August 3
Mock trading is under way as exchanges prepare for the phased rollout of the closing auction session to determine closing prices for derivative-linked stocks
 "Exchanges gear up for new closing auction mechanism from August 3")
Punjab & Sind Bank eyes 8-9 percentage point cut in govt stake via QIP: MD
Expect govt to also undertake minority stake sale in bank this year
 "Punjab & Sind Bank eyes 8-9 percentage point cut in govt stake via QIP: MD")
ABSL AMC Q1 profit rises 12%; IIM-M launches MBA in wealth management
The profit was largely supported by a 38 per cent jump in other income at ₹162 crore. The revenue from operation was up about 3.5 per cent at ₹463 crore
 "ABSL AMC Q1 profit rises 12%; IIM-M launches MBA in wealth management")
MFs set eyes on dormant balanced hybrid category after rule change
SBI MF, Kotak MF line up launches as ICICI Pru completes NFO
 "MFs set eyes on dormant balanced hybrid category after rule change")
India needs stable rules, should resist special concessions for FPIs
India needs long-term stable foreign investment. Ad hoc short-term concessions serve a limited purpose
 "India needs stable rules, should resist special concessions for FPIs")
Sebi asks depositories to put in place operational framework by Aug 1
The framework will also lay down operational modalities for permitting promoters to tender shares in buybacks conducted through the tender offer route
 "Sebi asks depositories to put in place operational framework by Aug 1")
Sebi eases mutual fund claim rules after death: Key changes explained
Experts say Sebi's simpler norms cut paperwork, but nominations and updated records remain crucial
 "Sebi eases mutual fund claim rules after death: Key changes explained")
Norwest leads ₹387 cr funding round; Lohia Corp prices IPO at ₹404-425
Veriqus Group raises ₹387 crore, Lohia Corp prices its ₹1,102-crore IPO, and Sebi fines CDSL ₹1 crore over cybersecurity lapses
 "Norwest leads ₹387 cr funding round; Lohia Corp prices IPO at ₹404-425")
Sebi imposes ₹1 crore penalty on CDSL for alleged cybersecurity lapses
The order added that the interconnectedness and interdependency of the depositories pose broader implications for cyber risk
 "Sebi imposes ₹1 crore penalty on CDSL for alleged cybersecurity lapses")
Why some investors want their money locked away for long-term wealth
Closed-end mutual fund schemes have a fixed maturity date and cannot ordinarily be redeemed before then. The regulator should consider allowing fresh investments in them until maturi
 "Why some investors want their money locked away for long-term wealth")
Street signs: WTM slot opens, street hopeful of SMC & fund manager effect
DEA begins the search for IFSCA's first whole-time member as markets await the Securities Markets Code Bill and track fresh bets by marquee fund managers
 "Street signs: WTM slot opens, street hopeful of SMC & fund manager effect")
Sebi empanels 18 additional forensic auditors for listed company audits
Sebi has added 18 firms, including Ernst & Young, KPMG, Grant Thornton Bharat and Nangia & Co, to its panel of forensic auditors for listed companies for a three-year term
 "Sebi empanels 18 additional forensic auditors for listed company audits")
MakeMyTrip India files DRHP for India IPO through confidential route
Parent co MakeMyTrip Ltd and ibibo Group Holdings to undertake OFS
 "MakeMyTrip India files DRHP for India IPO through confidential route")
Sebi extends SWP, STP facility to demat-held mutual fund units
Sebi has allowed SWP and STP facilities for mutual fund units held in demat form, with phased implementation beginning by January 2027
Sebi flags 'Boss Scam', cautions companies against CEO impersonation fraud
Sebi noted that perpetrators are increasingly deploying advanced techniques such as deepfake voice cloning and AI-generated video calls to impersonate company heads
 "Sebi flags 'Boss Scam', cautions companies against CEO impersonation fraud")
AMFI eases mutual fund transmission process for nominees, legal heirs
The revised SOP allows AMCs greater flexibility in handling address, name and signature mismatches to ease transmission of mutual fund units after an investor's death
 "AMFI eases mutual fund transmission process for nominees, legal heirs")
SIF distribution set for a boost as Sebi eases certification norms
NISM has introduced a combined certification examination for mutual fund and Specialised Investment Fund distributors, simplifying the qualification process
 "SIF distribution set for a boost as Sebi eases certification norms")
India's regulators need more independent voices, less insider control
Complex markets require independent voices and diverse expertise. India's regulatory architecture is missing both
 "India's regulators need more independent voices, less insider control")
Sebi resolves over 5,000 investors' complaints in June via SCORES platform
The regulator received 5,035 fresh investor complaints and disposed of 5,037 through its SCORES platform in June, bringing the total number of pending cases down to 5,524