Mumbai: To ring-fence the capital markets from any possible systemic issues and manipulations, regulator Securities and Exchange Board of India (Sebi) and the stock exchanges have beefed up their surveillance and risk management systems to tackle expected volatility in markets due to trouncing of Bharatiya Janata Party-led alliance in the Bihar elections. The Bihar assembly election results on Sunday showed the Nitish Kumar-led Grand Alliance getting a huge majority after defeating the BJP-led National Democratic Alliance (NDA) in the politically important state.

The capital markets regulator, Securities and Exchange Board of India (Sebi), has directed Essar Oil to match its delisting price with that being paid by Russian oil giant Rosneft for a 49 per cent stake in the company.

The regulator has also agreed to certain relaxations sought by the company for its delisting bid.

The Securities and Exchange Board of India (Sebi) on Thursday approached the Supreme Court seeking transfer of a fresh plea filed by PACL from the Rajasthan High Court to the apex court.

Sebi has alleged that while PACL and its promoters had moved the Supreme Court against SAT’s August 12 order that directed it to refund close to over Rs 44,376 crore that it collected from around 58.5 million customers and winding up of its collective investment schemes (CIS), the real estate firm on October 12 again moved the Rajasthan HC seeking a direction to Sebi to register its CIS and for release of its sale deeds to enable it sell properties to raise money.

New York/Mumbai: Market regulator Securities and Exchange Board of India (Sebi) which is probing unusual movements this year in the shares of Castex Technologies Ltd, said it hasn’t yet found any signs of wrongdoing.

Some holders of Castex’s convertible bonds complained to the Sebi in September, alleging manipulation of its shares with an aim to inflate the price and trigger conditions for a mandatory conversion of the debt.

Markets regulator Sebi has invited bids from BPOs and call centres to set-up helpline service, where agents will attend investor calls on issues related to IPOs and commodity derivatives.

While the helpline has been proposed to be set up with 30 agents initially, it can be extended up to 50 seats.

Munbai: Four months after the capital markets regulator made it easier for start-ups to raise money and trade on Indian stock exchanges, no entrepreneur has moved to seek a local listing, preferring instead to raise funds from venture capital (VC) and private equity (PE) firms or individual angel investors.

Tough promoter holding norms set by the Securities and Exchange Board of India (Sebi), uncertainties about the valuations start-ups can attract and doubts over how liquid stocks would be after a listing are deterring start-ups from raising money through initial public offerings (IPOs), market participants say.

Having slapped orders against Sumangal Industries for running illicit money-pooling schemes, markets regulator Sebi today cautioned general public against any collective investment schemes run by the company and entities associated with it.

In a 'caution notice' issued today, Sebi said that it had passed an order in July 2013 against Sumangal Industries, wherein, the firm, its promoters/directors were directed to wind up the existing Collective Investment Schemes (CIS) and refund the money to investors within three months.

MUMBAI: Markets regulator Sebi is open to making changes in rules regulating innovative financial products, including exchange-traded funds, to spur their growth if market players and experts give their inputs, provided such rule changes are positive for investors.

"Based on inputs from experts or participants, if there is any need that further changes are required for rules and regulations of ETFs, Sebi will be more than willing to listen to you and incorporate those changes," Sebi chairman U K Sinha said.

Reliance Industries today became the first corporate to sign the revised listing agreement with the BSE as mandated under the newly introduced Listing Regulation notified by SEBI.

Earlier, the listing agreement was a bilateral agreement between the stock exchange and the company and market regulatory SEBI didn't have regulations on this. Thus each company's agreement with stock exchange could be at variance and lacking the full force of SEBI's rigour.

Indian markets have seen their biggest reforms and policy changes happening after a scam reminds policy makers of the loopholes in the system. Open outcry system gave way to electronic exchanges after the Harshad Mehta scam. The dematerialisation scam resulted in strict KYC (Know Your Clients) norms being implemented by brokers. The latest Jignesh Shah--NSEL scam has resulted in tighter norms for commodity exchanges and the commodity regulator FMC (Forward Market Commission) itself being merged with market regulator SEBI.

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