Page 60 - Latest Updates on SEBI
NSE says has made several changes at board and management level
The exchange said it is committed to the highest standards of governance and transparency and will extend full co-operation to the regulator for a satisfactory closure of the matter
 "NSE says has made several changes at board and management level")
Splitting headaches
Sebi should have opted for a gradual approach
 "Splitting headaches")
NSE co-location case: Sebi fines Adroit Financial, Silver Stream Equities
Sebi imposed a penalty of Rs 6 lakh each on Adroit Financial Services and Silver Stream Equities for flouting norms with respect to using National Stock Exchange's co-location facility.
 "NSE co-location case: Sebi fines Adroit Financial, Silver Stream Equities")
LIC sits on over Rs 21,500-cr unclaimed funds, shows DRHP
State-owned insurance behemoth LIC had unclaimed funds to the tune of Rs 21,539 crore as of September 2021, according to draft prospectus filed for IPO with market regulator Sebi
 "LIC sits on over Rs 21,500-cr unclaimed funds, shows DRHP")
Top headlines: India Inc coffers swell; Sebi eases rules on top exec roles
The ambition of turning into a $350-billion industry by 2026 appears to be achievable for the Indian IT sector. More on that story in top headlines.
 "Top headlines: India Inc coffers swell; Sebi eases rules on top exec roles")
Need more probe into NSE 'puppet master': Corporate governance experts
Experts say if indeed 'everyone was asleep at the wheel', finance ministry needs to act 'expeditiously'
A new frontier for regulators
While institutional investors still own roughly the same amount of equity that they did a few years ago, they are now far more vocal
Sebi makes separation of Chairman, MD posts voluntary for India Inc
Reprieve will benefit more than 150 companies, including Reliance Industries, Hindustan Unilever, Bajaj Finserv and Adani Ports
 "Sebi makes separation of Chairman, MD posts voluntary for India Inc")
Macleods Pharma files DRHP for second largest IPO by drug co at Rs 5,000 cr
It is entirely an offer for sale or OFS, company won't receive any of the proceeds
 "Macleods Pharma files DRHP for second largest IPO by drug co at Rs 5,000 cr")
Initiate next generation reforms to improve ease of doing biz: FM asks Sebi
The minister's remarks come against the backdrop of the Federal Reserve deciding to tighten its monetary policy after a long period of easy money regime
 "Initiate next generation reforms to improve ease of doing biz: FM asks Sebi")
Related-party trouble
Seeking shareholder approval would impede normal functioning
Separation of roles of Chairperson and MD made voluntary: Sebi
'There has been barely a 4% incremental improvement in compliance by the top 500 companies over the last two years,' says Sebi
 "Separation of roles of Chairperson and MD made voluntary: Sebi")
Top headlines: CMD role split made voluntary; SpiceJet posts profit in Q3
Here are the top headlines on Tuesday
Governance breakdown
Sebi order exposes how NSE was run
 "Governance breakdown")
Sebi cancels registration of 4 stock brokers, 11 depository participants
Markets regulator Sebi cancelled the registration of four stock brokers and 11 depository participants, including Karvy Stock Broking and Anugrah Stock & Broking.
Capital Small Finance Bank, Jesons Industries get Sebi's nod to float IPOs
Capital Small Finance Bank and Jesons Industries, a manufacturer of speciality coating emulsions, have received markets regulator Sebi's go ahead to raise funds through initial public offerings (IPOs)
 "Capital Small Finance Bank, Jesons Industries get Sebi's nod to float IPOs")
LIC IPO: DHRP filed with SEBI, govt to offload 5% stake
Sebi's approval for LIC IPO is expected to come in three weeks. The DHRP of the LIC IPO does not reveal the size of the IPO, but it is 100 per cent OFS with no fresh issue
 "LIC IPO: DHRP filed with SEBI, govt to offload 5% stake")
Top headlines: LIC files for IPO, Reliance could spark another telco battle
Tata Sons, the holding company of the group, is likely to remove the age limit for Tata Trusts nominees on its board. More on that in our morning wrap.
 "Top headlines: LIC files for IPO, Reliance could spark another telco battle")
TVS SCS set to float Rs 5,000 crore IPO once Sebi nod comes through
The TVS Group's family recast deal got final nod from NCLAT, based on which each of the four family groups got ownership of the businesses they were managing, scrapping the holding company format
 "TVS SCS set to float Rs 5,000 crore IPO once Sebi nod comes through")
LIC IPO: Govt files draft papers to sell 5% for around Rs 63,000 crore
LIC IPO would be the biggest IPO in the history of Indian stock market; DRHP has been filed today with the SEBI, says DIPAM secy
 "LIC IPO: Govt files draft papers to sell 5% for around Rs 63,000 crore")