Recent data shows that individuals having an annual income of Rs 5 lakh or less contribute more than 70 per cent of individual MF investments, but higher-income groups have a higher share of AUM.
Recent IPOs by new-age companies like Paytm and Nykaa were offers for sale to offload existing shares rather than for raising funds for further expansion.
The application notice dated October 28, states the tenure of the appointment would be for a maximum of five years or until 65 years - whichever is earlier. The last date for the application is December 6, 2021.
The first-tier benchmark shall be reflective of the category of the scheme and the second-tier benchmark should be demonstrative of the investment style.
Additionally, SEBI stated that the minimum gap between issuing of the SR and filing of the red herring prospectus has been reduced to three months from the present requirement of six months.
SEBI has suggested that ESG mutual fund schemes should invest at least 80 per cent of the total assets under management in ESG-compliant companies.
The sources informed the news agency that the digital transactions platform expects to debut on the stock by the end of October and is planning to skip the pre-IPO share sale rounds to fast-track listing.
New investors may not be able to buy digital gold from their investment advisors, but most platforms have made alternative arrangements for existing investors
The regulator informed that engaging in any unregulated activity involving distribution, advisory and implementation services pertaining to digital gold would put them in contravention of the SEBI Act, 1992.
PNB Housing Finance had said that its board of directors has decided to "not proceed with the preferential issue and terminate the share subscription agreement.
Sebi noted that they are repeatedly executing synchronised trades and created a misleading appearance of trading in the scrip without any intention of change in ownership of the security.
SEBI had recently changed what constitutes a 'related-party. The new rules state that non-promoter entities with more than a 20 per cent stake before April 2023 would be considered related parties. Further, entities with more than a 10 per cent stake after April 1, 2023, would be considered 'related parties'.
While pooling of funds involved risks, it also offered convenience to investors at some levels
For the issue of capital and disclosure requirements norms, the application for rights is to be made only via the application supported by blocked amount (ASBA) facility. This applies to all rights issues opening up to March 31, 2022.
The order cited the two entities had unpublished price sensitive information (UPSI) pertaining to the company's partnership with Vanguard
Zomato was replying to BSE's 17th September circular seeking clarification from the aggregator for not disclosing Gupta's exit.
Amid porn film row, SEBI slapped a penalty of Rs 3 lakh on Shilpa Shetty, her husband Raj Kundra, and his company Viaan Industries for disclosure lapses and consequent violation of insider trading norms.
Authorities, including the stock market regulator, should start asking businesses probing questions on how they are gearing up for the climate challenge.
View of Jahangirpuri dumpyard in New Delhi.PTI Photo/Atul Yadav
United States and Egypt (white) players vie for the ball during their 15-16th place play-off match in FIH Odisha Hockey Men's Junior World Cup 2021, at Kalinga Stadium in Bhubaneswar, Odisha.PTI Photo/Swapan Mahapatra
Mumbai: Indian batter Mayank Agarwal celebrates his 150 runs during the 2nd day of the 2nd test match between India and New Zealand at Wankhede stadium in Mumbai.PTI Photo/Shashank Parade
Low visibility due to a thick layer of smog, during the winter season in Gurugram.PTI Photo
A patient who lost his vision after a cataract surgery undergoes treatment at Indira Gandhi institute of Medical Sciences (IGIMS), in Patna.PTI Photo
Young, brash and little-known artistes are using hip-hop as an outlet to speak up and speak out.
Aamir Shaikh aka Shaikhspeare traces talks about the genre that uses music as a means to dissent.
Family from UP village forced to run around to complete post-death official paperwork and even last rites.
While everyone is going gaga over actress Katrina Kaif in the revamped version of 'Tip Tip Barsa Pani', the replacement of Raveena Tandon does point towards the problem of sexism and ageism in the Indian film industry
Australia winning the T20 World Cup for the first time has been timely as they host the next edition at their own backyard in 2022.
As per the Observer Research Foundation, close to 250 million children in India were adversely affected due to school closures due to the early lockdowns imposed by the government in response to Covid-19.
India's cricket administrators showed more drive to boost BCCI's coffers rather than take care of players' welfare during pandemic times.