India

Sanctions

India Stops Accepting Oil from Sanctioned Russian Vessels

By Editors | 22/03/2024

Private and state-run refiners in India have stopped accepting cargoes from vessels owned by Sovcomflot, which was sanctioned by the US last month.

Securities / Derivatives

SEBI to Launch “Beta” Version of T+0 Settlement System on 28 March

By Ajoy K Das | 22/03/2024

The new optional same-day settlement cycle for equities will be tested with a “limited set of 25 scrips” and a “limited number of brokers”.

Securities / Derivatives

SEBI Relaxes Additional Disclosure Requirements for FPIs

By Ajoy K Das | 22/03/2024

FPIs with over 50% of their Indian equity AUM in a corporate group will be exempted from the additional disclosures, subject to conditions.

Securities / Derivatives

SEBI Confirms Market Ban for LIC Employee in Front-running Case

By Ajoy K Das | 21/03/2024

An employee of Life Insurance Corporation of India as well as his family members and two family legal entities were banned from the securities market.

Securities / Derivatives

India: Small Cap Fund Investors Would Face Redemption Delays

By Ajoy K Das | 21/03/2024

Mutual fund stress tests reveal delays of up to 30 days in liquidating a quarter of a small-cap portfolio and up to 17 days in the case of a mid-cap portfolio.

Securities / Derivatives

SEBI to Require ‘Audio-Visual’ Disclosures With IPO Offer Documents

By Ajoy K Das | 21/03/2024

Audio-visual representations of disclosures made in IPO offer documents will help investors better understand the features of the offer, SEBI said.

Securities / Derivatives

SEBI Approves Proposal to Allow AIFs to Pledge Equity Shares

By Ajoy K Das | 20/03/2024

SEBI also approved a proposal to require AIFs to carry out specific due diligence of their investors and investments, to enhance trust in the AIF system.

Securities / Derivatives

SEBI Approves Rule Changes to Lower Burden on Listed Companies

By Ajoy K Das | 20/03/2024

Companies will no longer have to maintain a 1% security deposit for public or rights issues of equity shares. They will also have more time to fill KMP vacancies.

Capital / Liquidity

RBI Tightens Scrutiny of High-Risk Lending Models

By Ajoy K Das | 19/03/2024

The RBI is scrutinising mortgage top-up loans, algorithm based credit models, and co-lending arrangements.