The Government of India has appointed Ananth Narayan, Associate Professor at S P Jain Institute of Management and Research (SPJIMR), as a whole-time member of the Securities and Exchange Board of India (SEBI). SEBI is responsible for the development and regulation of India’s financial markets. The Government’s Department of Personnel and Training issued a circular making the…
Billionaire stock market investor Rakesh Jhunjhunwala is being probed by the Securities and Exchange Board of India for insider trading in education firm Aptech. It is reported that Jhunjhunwala and his family owns a majority stake in the firm. According to a Livemint report, “the market regulator is examining the time period of February 2016…
In view of the new SEBI rules on corporate governance, it has been observed that over 200 companies are falling short on the deadline to split the roles of Chairperson and Managing director. In 2018, the Indian regulator SEBI advised the top 500 listed companies to appoint a Non-Executive Chairperson on their board. As per…
In the wake of the new guidelines proposed by market regulator SEBI, Wipro Chairman Rishad Premji might lose his executive powers in the tech company after 1 April, as per a TOI report. In 2018, SEBI through its rules had directed the top 500 listed companies in India to ensure that their chairperson is a…
SEBI (The Securities and Exchange Board of India), a regulator for the Securities market, has appointed G. Babita Rayudu as Executive Director. Prior to her promotion as Executive Director, Rayudu was in the Legal Affairs Department in SEBI. According to the press release, the company said, “G. Babita Rayudu took charge as Executive Director in…
Lakshmi Vilas Bank, a personal banking service provider, has announced the resignation of its Chief Financial Officer (CFO) S Sundar. Earlier in August 2019, their Chief Executive Officer Parthasarathi Mukherjee had resigned from the position citing personal reasons. In a BSE filing, the company said, “In terms of SEBI (Listing Obligation and Disclosure Requirements) Regulations,…
In a move to disassociate itself from the controversies surrounding its former parent company Karvy Group, Karvy Fintech has renamed itself as KFin Technologies. The private equity firm General Atlantic has been the controlling shareholder of KFin Technologies for over a year. GA acquired Karvy Group’s stake in KFin Technologies last year for Rs. 1,000…
Wednesday, May 30, 2012 “Indian acquirers are at a disadvantageous position unlike their foreign counterparts due to the absence of a level playing field, as banks in India are not providing finances whereas the foreign banks are facilitating their domestic companies,” said Mr P.K. Bindlish, chief general manager, Securities Exchange Board of India (SEBI) at…