The regulator, in a 39-page order, found the entities guilty of serious lapses in regulatory compliance during the inspection period from April 2021 to March 2022, Sebi said in the order on Friday
Indian markets may open lower on Monday due to fears of crude oil disruption from the West Asia though domestic institutional investors may support valuations
Indian stock market concluded the last week on a robust note, shrugging off mid-week volatility triggered by escalating tensions in the Middle East and a spike in crude oil prices
Reliance Industries, HDFC Bank, Bharti Airtel, ICICI Bank, State Bank of India and Infosys were the gainers, while TCS, LIC, Bajaj Finance, and Hindustan Unilever faced erosion
Existing regulations governing the sector are among the lengthiest and require simplification to keep pace with evolving investor needs and industry innovations, stakeholders said