Jayshree P Upadhyay
Sebi has already passed an order against Fortis to recover ₹500 crore from the Singh brothers for funds diverted to the promoter and promoter-related entities in December.
Edelweiss won despite being the smallest AMC in terms of AUM, with an average AUM of ₹14,161 crore in the July-September quarter.
It also set a minimum capital threshold for listing overseas, besides recommending 10 overseas jurisdictions, with strong anti-money laundering policies.
The government is keen to sell a 43% stake in IDBI Bank to LIC as an acquisition under the provisions of the LIC Act.
IPO issuers will now be allowed to announce the price bands two days before the issue opens for subscription, instead of the previous five days, the new Sebi guidelines said.
The proposal has the potential to increase the fund-raising avenues for Indian companies.
The transaction has not yet received regulatory clearances, but not been called off.
Sebi has asked NSE to re-file the consent plea once a probe on suspected unfair gains made by select brokers is over.
The termination marked the end of the 17-year association of the NSE with SGX for sharing Indian securities-related data feeds and licensing Nifty products
If the I-T department concludes that bitcoin is a currency, it would establish a clear violation of the Foreign Exchange Management Act (FEMA).