Amazon.com has asked the country’s market regulator to investigate Future Retail for insider trading, it showed a letter seen by Reuters, as it seeks to prevent its business partner from becoming part of rival empire Reliance. The firm has been lobbying the Securities and Exchange Board of India (Sebi) to …
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MUMBAI: Market regulator Sebi has introduced a ‘flexicap category’ in mutual funds. Schemes in this category must invest at least 65% of their corpus in stocks. However, there are no restrictions in terms of large, medium or small cap allocation. In September, Sebi had introduced new rules for multi-cap funds, …
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Traders contend that the rules are strict, not necessary when the regulator has already reduced the brokers’ reliance on securities and client margin. TopicsSebi | stockbroker | Ajay tyagi Sundar Sethuraman | Thiruvananthapuram Last Updated on October 26, 2020 17:07 IST The Indian Securities and Exchange Board’s (Sebi) plan to …
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Mumbai: Karnataka’s high court ruled on Monday that Franklin Templeton India’s decision to liquidate its set of six debt schemes required the consent of a simple majority of shareholders. The court ordered that the trustees should not take any action on the liquidation of the six schemes until the consent …
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The markets regulator Securities and Exchange Board of India (Sebi) sees no merit in relaxing the 10 percent investment limit on a single share for actively managed mutual fund (MF) schemes, its boss said Wednesday. “The 10 percent limit is intended for diversification. Just because some programs outperform doesn’t mean …
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MUMBAI : Mumbai: The Indian Securities and Exchange Board (Sebi) on Wednesday, through three orders, imposed sanctions on the three Kirloskar brothers for acts of fraud while trading in the shares of Kirloskar Brothers Ltd (KBL) in 2010. Kirloskar Industries Ltd, for the another has been charged for breach of …
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It emerged that the Reserve Bank of India (RBI) told the state-owned Punjab National Bank to prepare to take over Lakshmi Vilas Bank (LVB) in case the transaction proposed by the troubled lender with Clix Capital does not materialize. In addition to PNB, another public sector bank was asked to …
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It emerged that the Reserve Bank of India (RBI) told the state-owned Punjab National Bank to prepare to take over Lakshmi Vilas Bank (LVB) in case the transaction proposed by the troubled lender with Clix Capital does not materialize. In addition to PNB, another public sector bank was asked to …
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New orders will be applicable from January 1, 2021. Mutual fund orders will soon get the NAV of the day the funds reach asset managers and not the day of the request, SEBI said in a circular Thursday. Previously, orders less than Rs 2 lakh had the NAV on the …
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Starting on January 1, 2021, you will get the net asset value (NAV) for a particular day only if your money reaches the house of the fund in question that day, according to a Sebi circular issued today. This removes a previous provision that allowed purchases for the following schemes …
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