The capital market regulator, the Securities and Exchange Board of India (SEBI) has dismissed the allegations against Karvy Capital Ltd (KCL) and its three directors—Ajith Bhaskaran, Hitungshu Debnath, and K.P. Jeewan. These allegations related to violations of provisions under the SEBI (Alternative Investment Funds) Regulations, 2012. Specifically, the charges claimed that KCL, as the sponsor …
The Securities and Exchange Board of India (SEBI) has issued an interim order cum show-cause notice (SCN) in a ₹65.77 crore front-running scam. The scam revolves around Ketan Parekh, a previously banned stock market operator, and Rohit Salgaonkar, a Singapore-based trader. Both allegedly exploited non-public information (NPI) related to trades by a major US-based fund …
The BSE Small-Cap Index represents the bottom 15% of the Bombay Stock Exchange’s market capitalization. The BSE Small-cap index constituents are facing selling pressure amid muted earnings, inflation concerns, and persistent foreign institutional investor (FII) outflows. Covering 946 small-cap companies with a market capitalization of Rs 7.42 lakh crore, the index has declined 4.21% over …
The combined Index of Eight Core Industries (ICI) demonstrated robust growth, increasing by 4.3% in November 2024 compared to November 2023. Positive contributions from Cement, Coal, Steel, Electricity, Refinery Products, and Fertilisers drove the index upward, underscoring the strength of India’s core industrial sectors. The Eight Core Industries – Coal, Crude Oil, Natural Gas, Refinery …
In 2024, the Department of Investment and Public Asset Management (DIPAM) achieved significant milestones in its mission to create value for investors, optimise public asset management, and ensure efficient financial planning. The department’s efforts reinforced its strategic approach toward Central Public Sector Enterprises (CPSEs), capital markets, and economic growth. Strong Growth in CPSE Indices Since …
Neilsoft Ltd, an engineering services and solutions (ER&D) company, plans to raise funds through an IPO consisting of a ₹100 crore fresh issue and an ₹80 lakh offer-for-sale. Proceeds will be used for capital expenditure and corporate purposes. Neilsoft IPO Overview Neilsoft Ltd, an engineering services firm backed by Fujita Corporation, has filed its Draft …
The Nifty index experienced its largest single-day gain in six weeks on Thursday, January 2, surging nearly 500 points during the trading session. This marked a significant move after a 12-day consolidation period. The index crossed key levels of 23,800, 24,000, and even 24,100 before closing 425 points higher at 24,168. The last time the …
The mineral and non-ferrous metal production sectors in India have demonstrated robust growth in the first half of FY 2024-25 (April-November). This positive trend follows the record production levels of FY 2023-24, with key minerals and metals showing significant increases. The growth reflects the rising demand from crucial sectors like steel, energy, and infrastructure. Surge …
The National Stock Exchange of India (NSE) has introduced a comprehensive framework to reinforce confidence in the securities market. This initiative focuses on equipping brokers with institutional mechanisms to detect and prevent fraud or market abuse effectively. Key Objectives of the Framework The NSE’s updated guidelines aim to: Recommend best practices for trade surveillance. Identify …
In a significant development for taxpayers eligible for the Section 87A tax rebate, the Income Tax Department has announced a key update regarding the financial year 2023-24. On December 31, 2024, the department confirmed that taxpayers who were unable to claim the rebate within the original time frame can now file revised or belated Income …
