 "What is SEBI?")
SEBI
What is SEBI?
Securities and Exchange Board of India (Sebi)
SEBI is a statutory body and a market regulator, which controls the securities market in India. The basic functions of Sebi is to protect the interests of investors in securities and to promote and regulate the securities market. Sebi is run by its board of members. The board consists of a Chairman and several other whole time and part time members. The chairman is nominated by the union government. The others include two members from the finance ministry, one member from Reserve Bank of India and five other members are also nominated by the...Read More
Latest Updates on SEBI
Developing LLM to cut approval times further: Sebi member Narayan
LLMs are advanced AI systems designed to understand and generate human language. They use deep learning techniques and are trained on massive amounts of text data
 "Developing LLM to cut approval times further: Sebi member Narayan")
Didn't pay salary to Sebi chief Buch after retirement: ICICI Bank clarifies
The clarification came after the country's opposition party alleged that Buch continued to draw a salary from the bank
 "Didn't pay salary to Sebi chief Buch after retirement: ICICI Bank clarifies")
Paytm gets Sebi warning for transactions with banking unit, defends itself
Company says it's committed to 'highest compliance standards' after regulator flags related party transactions with Paytm Payments Bank in FY22
 "Paytm gets Sebi warning for transactions with banking unit, defends itself")
Sebi issues guidelines to streamline operations of credit rating agencies
The circular introduces specific timelines for dealing with appeals made by companies regarding rating actions carried out during periodic surveillance of ratings
 "Sebi issues guidelines to streamline operations of credit rating agencies")
Sebi has a strong case against US-based Hindenburg Research, say lawyers
On June 26th, the Sebi issued show-cause notices to Hindenburg Research LLC, US-based hedge fund manager Mark E Kingdon, and four others
Sensible rules from Sebi
New regulations promise better governance and transparency
SC defers hearing of Adani-Hindenburg case; extension to Sebi yet uncertain
The deadline was sought by the regulator to complete the probe of the allegations in the Hindenburg report.
 "SC defers hearing of Adani-Hindenburg case; extension to Sebi yet uncertain")
Best of BS Opinion: Fine-tuning needed, technology transformation, & more
Here is the best of Business Standard's opinion pieces for today
 "Best of BS Opinion: Fine-tuning needed, technology transformation, & more")
Street Signs: PSU Bank exchange-traded funds, Yum! Brands stocks, and more
Analysts say Yum!'s - which operates Kentucky Fried Chicken (KFC), Taco Bell, and Pizza Hut food chains - performance has improved, driven by aggressive store expansion vis-a-vis other players
 "Street Signs: PSU Bank exchange-traded funds, Yum! Brands stocks, and more")
Fine-tuning needed
Guidelines for investment advisers should be clear
 "Fine-tuning needed")
Unauthorised investment advisory services: Sebi bans 4 for six months
In two separate orders, Sebi found that these entities were engaged in the business of providing investment advice to their clients, for consideration, without obtaining Sebi's registration
 "Unauthorised investment advisory services: Sebi bans 4 for six months")
Sebi clarifies on shareholders' approval for directors appointment on board
However, relaxation has been provided to the listed public sector companies from strict compliance with the requirement of three months' time
Sebi asks investment advisers to display info prominently in advertisements
This information should also be there in publications, Know Your Client (KYC) forms, client agreements, statements and in any other form of correspondence with the client
Go Digit General Insurance re-files preliminary IPO papers with Sebi
This came after Sebi returned Go Digit's draft IPO (Initial Public Offering) papers on January 30 and asked the company to refile the documents with certain updates
 "Go Digit General Insurance re-files preliminary IPO papers with Sebi")
Top headlines: Subpar global trade growth, Sebi crackdown on ads, and more
Business Standard brings you the top headlines at this hour
 "Top headlines: Subpar global trade growth, Sebi crackdown on ads, and more")
Increasing efficiency
Lower compliance will help expand the reach of passive funds
Sebi takes slew of measures to crack down on misleading investment ads
Bars usage of superlative terms, projections, past performance and in some cases even comparisons
ESAF SFB to refile IPO prospectus with Sebi; eyes listing in H2 of FY24
Pegs capital need at Rs 1,000 cr for three years
 "ESAF SFB to refile IPO prospectus with Sebi; eyes listing in H2 of FY24")
Five IPOs get Sebi go-ahead to raise up to Rs 3,000 cr collectively
The approvals come at a time when capital raising by way of IPOs has slowed to a crawl, with only four issues hitting the market so far this calendar year
 "Five IPOs get Sebi go-ahead to raise up to Rs 3,000 cr collectively")
Sebi's MF Lite plank for passive funds seen boosting India ETF landscape
Industry experts say it could help attract global players
