The court has restrained the trustees from taking any further steps till the consent of unit holders via simple majority is obtained
Says cap is meant for diversification, and just because some scrip is outperforming is no reason to raise the ceiling
The regulator wants to reduce the trading settlement cycle to the next day, or T+1
Sebi has further improvised the risk-o-meter, which will have six levels, up from five. The labels now range from 'low' to 'very high risk'
The asset manager said last week that its six shut schemes had received Rs 8,262 crore from maturities, pre-payments and coupon payments after closing down in April
Athe only female board member at Sebi, she oversees portfolios such as surveillance, collective investment schemes and investment management
Business Standard tries to explain why Sebi introduced this new system and why it is worrying the broking community
This is aimed at improving liquidity in all schemes and would help schemes to meet sudden redemption pressures, said chairman Ajay Tyagi
Tyagi also noted that the mutual fund industry, however, also went through several patches of challenges, especially on the debt mutual fund side
Sebi asked mutual fund houses to put in place a policy specifying role of several teams engaged in fund management and back office with regard to execution of order and allocation of trade
Industry body Amfi has said it is committed to follow market regulator Securities and Exchange Board of India's (Sebi) new regulation on multi-cap mutual fund schemes
Money managers can't buy more of India's most valuable company as actively-run plans aren't allowed to own more than 10% of a single stock
With KKR already said to be in talks for a $1 bn investment, other investors like Abu Dhabi Investment Authority and Mubadala could be next in line
The regulator already has a strict framework in place dictating the appointments and tenures of board members at stock exchanges, clearing corporations and depositories
New margin norms may spur a parallel market where trades are done on exchanges but settled off-market
Here are the top business headlines on Thursday
Sebi also specified the activities the stockbrokers will not be allowed to carry out using PoA
Elcid's stock has changed hands only 31 times on the bourses in 9 years and trades at Rs 11.03, but few want to sell, as they assume its intrinsic value in lakhs. Jyotindra Dubey explains why
The digital capability of the MF industry has helped NFOs have a wider access to different parts of the country, despite the current lockdown conditions
Issue involves fresh fundraise of Rs 1,000 cr and Rs 750 cr secondary share sale by promoter T S Kalyanaraman and PE firm Warburg Pincus