Page 320 - Latest Updates on SEBI
Franklin Templeton MF followed a focused bottom-up approach: Roshi Jain
Avoiding momentum and focusing on quality at a reasonable price has helped Roshi Jain of Franklin Templeton Mutual Fund emerge a winner
 "Franklin Templeton MF followed a focused bottom-up approach: Roshi Jain")
Sebi takes guard against security threats, plans to hire agency
Information system infrastructure includes networking systems, security devices, servers and databases
 "Sebi takes guard against security threats, plans to hire agency")
Sebi may set common MF transaction norms to push ease of doing business
The efforts are expected to make life easier for investors and boost mutual fund penetration
Sebi refuses to lift market ban on 19 entities for sending misleading SMSes
However, the watchdog has revoked the directions against five entities in the same case
Axis Bank raises Rs 12,500 crore via QIP to enhance capital adequacy
The QIP issuance was done at a price of Rs 629 per equity share at a tight discount of 1.44% over the closing price of the issue opening date
 "Axis Bank raises Rs 12,500 crore via QIP to enhance capital adequacy")
Sebi to soon take a call on rights issue; examine 'promoters' concept
Currently, the rights issue process takes 55-58 days from the time a company decides to launch the issue till the listing
No provision for standstill agreements between MFs & their borrowers: Sebi
The remarks come a day after Subhash Chandra-led Essel Group claimed it has got unanimous backing from lenders including fund houses to further extend its repayment timelines for its balance dues
 "No provision for standstill agreements between MFs & their borrowers: Sebi")
Extending debt instrument maturity is like default: Sebi circular
Essel Group announces MFs have granted it more time to repay dues
 "Extending debt instrument maturity is like default: Sebi circular")
Sebi eases norms for registration of FPIs, junks 'broad-basing' criteria
The erstwhile three categories of FPIs have been merged into two
Sebi imposes Rs 22.7 crore fine on Aurobindo Pharma for insider trading
The order said that the penalty amount will be paid within 45 days of receipt of this order
 "Sebi imposes Rs 22.7 crore fine on Aurobindo Pharma for insider trading")
Top 10 biz headlines: Slabs for direct tax, BSNL asset sale, and more
From Direct tax code panel seeking 4 slabs to RBI rejecting Sebi's plan for rating agencies, here are the top business headlines on Tuesday
 "Top 10 biz headlines: Slabs for direct tax, BSNL asset sale, and more")
RBI turns down Sebi plan for credit rating agencies' access to defaults
Market regulator has proposed letting rating agencies access the central bank's data base
 "RBI turns down Sebi plan for credit rating agencies' access to defaults")
Sebi imposes Rs 22 cr fine on Aurobindo Pharma, promoters, related entities
The company failed to disclose the price sensitive information regarding the Licensing and Supply Agreements to the stock exchange.
Sebi partially freezes LIC's voting rights in National Stock Exchange
State-owned life insurance giant deemed trading member; may have to divest holding to below 5 per cent
 "Sebi partially freezes LIC's voting rights in National Stock Exchange")
Sebi sets up expert panel to suggest norms for social stock exchanges
The working group will be headed by Ishaat Hussain director at SBI Foundation and will have 14 other members including TV Mohandas Pai and Amit Chandra
Surprising number of smaller companies have outstanding depository receipts
The finance minister recently announced a liberalisation of depository receipts, an instrument which can be used by Indian companies to raise capital abroad
 "Surprising number of smaller companies have outstanding depository receipts")
SAT gives four weeks to NSE, ex-officials to file reply in co-location case
NSE and the people punished, challenged the order at the SAT on May 21
 "SAT gives four weeks to NSE, ex-officials to file reply in co-location case")
Govt plans to reduce stake in MMTC to 75%; STC, PEC may shut down
MMTC saw annual profit after taxes rise to Rs 81.43 crore in 2018-19, from Rs 48.84 crore in the year before, whereas with massive overheads, STC and PEC have both reported losses
 "Govt plans to reduce stake in MMTC to 75%; STC, PEC may shut down")
Sebi's Ajay Tyagi to woo foreign portfolio investors amid bearish sentiment
Sebi Chairman Tyagi will meet foreign investors. The meeting comes at a time when FPIs have pulled out $5 billion from the domestic markets this quarter
 "Sebi's Ajay Tyagi to woo foreign portfolio investors amid bearish sentiment")
Sebi bans Gautam Thapar, three others from markets over CG Power fraud
Sebi restrained three entities belonging to Thapar-led Avantha Group from diverting their money or disposing of their assets
 "Sebi bans Gautam Thapar, three others from markets over CG Power fraud")