I’ve always observed these incidents with a mix of concern and professional interest. Because front-running isn’t a new phenomenon, nor is it unique to any single fund house. This practice, where insiders use advance knowledge of pending orders to trade for their own benefit, has reared its ugly head multiple times in the Indian mutual … Read more
New Delhi: Privatisation of central public sector enterprises has not been put on hold, but is not a priority under the government’s calibrated approach to disinvestment, said Tuhin Kanta Pandey, secretary of the department of investment and public asset management (DIPAM). He said that the focus will be on ‘value creation’ from disinvestment, dividends and … Read more
The government informed Parliament on Monday that the Securities and Exchange Board of India (Sebi) received representations over the market fall on June 4—the day the Lok Sabha election results were announced. However, the market regulator has no specific information on any ‘unfair trading’ that took place in the stock market on that day, which … Read more
Ceigall India Limited, a Punjab-based infrastructure and construction company has received the final approval from the Securities and Exchange Board of India (SEBI) to raise funds through an initial public offering (IPO) on Monday, July 8th, according to a company statement. The Ceigall India IPO plans to raise ₹617.69 crore from a fresh issue. The … Read more
To boost participation of small investors in the securities market, Sebi on Friday increased the threshold for the basic service demat account to ₹10 lakh from the current ₹2 lakh. The new guidelines will come into force from September 1, the Securities and Exchange Board of India (Sebi) said in a circular. Increasing the limit … Read more
The Union Finance Ministry is gearing up to present the full Union Budget for the fiscal year 2024-25 in July. Several stakeholders from the education sector voiced their expectations from Finance Minister Nirmala Sitharaman. The Union Budget for this financial year, comprising estimated receipts and expenditures of the government in various sectors, is expected to … Read more
Quant Mutual Fund is currently under investigation by the Securities and Exchange Board of India (SEBI) for suspected front-running. This illegal practice involves fund managers placing their own orders before executing large trades to profit from the anticipated price movement. Stress test results released by AMC revealed that it would need 28 days to liquidate … Read more
A year after the Securities and Exchange Board of India (Sebi) was established, private sector entities began entering the mutual fund industry. Five years later, in 1993, Kothari Pioneer, now Franklin Templeton, launched the first systematic investment plan (SIP). Today, SIPs are about to become one of the most preferred investment avenues for Indian investors. … Read more
Transaction costs have long been the subject of rigorous scrutiny, particularly by FPIs, who have historically lamented the high cost of entering and operating in Indian markets. These costs are multifaceted, often categorised as one-time fees for setup and registration, assets-under-custody (AuC)-based charges, and transaction-based fees. However, lurking beneath these enumerated fees is a less … Read more
The fine was issued under Section 42(7) of the Companies Act, 2013, which says, “No company issuing securities under this section (read: unlisted securities) shall release any public advertisement or use any media, marketing or distribution channels or agents to inform the public at large about such an issue.” Founded by Rituraj Sharma and Krishnna … Read more