Congress leader Jairam Ramesh has written to Reserve Bank of India Governor Shaktikanta Das and SEBI chairperson Madhabi Puri Buch, in two separate letters, seeking an investigation on the allegations levelled against the Adani Group by Hindenburg Research. Citing the Adani Group’s large size, his letter to the SEBI chief said investigations must be […]
Cabinet approves MoU between SEBI and Manitoba Securities Commission, Canada
The Union Cabinet chaired by Prime Minister Narendra Modi on Wednesday approved the signing of a bilateral Memorandum of Understanding (MoU) between the Securities and Exchange Board of India (SEBI) and Manitoba Securities Commission, Canada. The agreement seeks a formal basis for cross-border cooperation in the area of securities regulations, would facilitate mutual assistance, contribute […]
SEBI bans Franklin Templeton MF from launching new debt funds for 2 years
The Securities and Exchange Board of India (SEBI) has found serious lapses in the way Franklin Templeton India Mutual Fund managed the six debt funds that wound up suddenly in April 2020 and banned it from launching similar schemes for the next two years. The fund house had announced shutting its six debt […]
SEBI imposes Rs 1 crore fine on HDFC Bank in BRH Wealth Kreators case
Stock market regulator SEBI has imposed a penalty of Rs one crore on HDFC Bank for invoking securities pledged by BRH Wealth Kreators in violation of the regulator’s interim directions. Besides, the private sector lender has been directed to transfer Rs 158.68 crore along with 7 percent interest per annum into an escrow account till the […]