Page 5 - Capital Market

Sebi bans Proficient Research, its partners from markets for 4 years

Markets regulator Sebi on Monday restrained Proficient Research and its partners from accessing capital markets for four years for engaging in investment advisory services without obtaining requisite registration. Such certification is mandatory under Investment Advisers Regulations, 2013. Partners of partnership firm Proficient Research were Vidhi Singh Parihar, Mohd. Sohail Khan and Altamash Sheikh. No directions have been passed against Khan since he was a partner for only two months and then resigned with effect from September 1, 2014. Proficient Research had collected approximately Rs 48 lakh in the name of advisory fees during July 2014 to November 2016. Sebi has directed the firm, Vidhi Singh Parihar and Altamash Sheikh to refund the money received from the clients/investors, as fees or consideration or in any other form, in respect of their unregistered investment advisory activities carried out in the name of Proficient Research, within three months. Sebi further said th

Sebi introduces T+1 settlement cycle on optional basis to enhance liquidity

Capital markets regulator Sebi on Tuesday introduced T+1 settlement cycle for completion of share transactions on optional basis in a move to enhance market liquidity

Retail biz will give us brand identity and recall: Infra.Market co-founder

Infra.Market's co-founder talks about the company's future plans, including retail ambitions, plans to look at the capital markets and more

Sensex rebounds after 3-day slide; dovish Fed calms world markets

Tata Steel hogged the limelight in the Sensex pack, rallying 6.87%

Morgan Stanley beats profit estimates on capital market, deal-making boom

Morgan Stanley reported a better-than-expected quarterly profit on Thursday, as its investment banking business benefited from record levels of capital market activity

Sebi's move to introduce accredited investors concept to benefit AIFs

Capital markets regulator Sebi's decision to introduce the concept of accredited investors' will enhance the attractiveness of alternate investment funds (AIFs), experts said on Wednesday.

India considers Singapore's VCC model to get funds for GIFT City IFSC

Island nation has established more than 200 VCCs established since January 2020 using the model.

Best of BS Opinion: Lessons from GameStop, Covid-19 vaccine, and more

Here's a selection of Business Standard opinion pieces for the day

Top headlines: Air India sale may get govt Rs 15,000 cr, Sebi ban on Biyani

Bharti Airtel posted a consolidated net profit of Rs 854 crore in the third quarter of December FY21, after six straight quarters of losses. Read the top news in Business Standard today

Budget 2021 wishlist: What these nine sectors want from FM Sitharaman

Listen to the podcast to know the Budget 2021-22 expectations of various sectors

P-notes investment climbs to 31-month high of Rs 87,132 cr in December

P-notes are issued by registered foreign portfolio investors (FPIs) to overseas investors who wish to be part of the Indian stock market without registering themselves directly

Global investors are dumping Indian bonds. Blame it on slow pace of reforms

While financing costs have remained subdued this year, the risk is that the growing supply of Indian bonds begins to outstrip local demand

A new global debt crisis

China's role as lender has complicated relief efforts

Ease information disclosure norms for privately placed NCDs: FIDC

At present SEBI rules require standalone financial information for at least last three years and auditor qualifications from the entity seeking to issue NCDs

NSE introduces trading of T-bills, SDLs in capital market segment

NSE introduced trading in treasury bills (T-bills) and state development loans (SDLs) in its capital market segment

ADB plans to raise $30-35 bn from capital mkt in 2020; sells $4-bn bonds

The 3-year bonds worth $4 billion, with a coupon rate of 0.25% per annum payable semi-annually, have a maturity date of July 14, 2023

Capital market disruption

Concluding the series the author says it is time the MF industry participated in the possibilities offered by the rapid advancement in technology

Centre extends Sebi chairman Ajay Tyagi's term by 6 months: Report

Initially, Tyagi was appointed for a period of three years and was eligible for an extension of two years

Piramal Enterprises raises Rs 5,400 cr via rights, preferential allotment

Promoters to participate in rights issue of equity shares of Rs 3,650 cr; preferential allotment of Rs 1,750 cr CCDs to Canadian investor CDPQ

QIPs to lead fundraising activities: Edelweiss Securities' Gopal Agrawal

Four to five IPO launches are planned in the ongoing quarter. Performances of these IPOs after listing shall be a good indicator of the IPO appetite in the market