The Securities and Exchange Board of India (SEBI) on Monday allowed mutual funds (MFs) to invest in overseas mutual funds or unit trusts that invest a specific portion of their assets in Indian securities.
Notably, the Congress has been demanding resignation of Buch following the Hindenburg Research report against her in August. The US-based shortseller alleged that Buch and her husband Dhaval Buch had stakes in obscure offshore entities used in the Adani money siphoning scandal.
The Parliament's Public Accounts Committee (PAC) on Thursday postponed its meeting after it witnessed a ruckus as SEBI chairperson Madhabi Puri Buch failed to appear before the panel.
Private equity (PE) firm True North-led company (erstwhile Max Bupa), had filed its IPO papers with SEBI on June 29.
F&O trades and mutual funds are reportedly the focal point of the Securities and Exchange Board of India (SEBI) board meeting being held on Monday.
The Sebi chairman said that individual investor participation in the market has increased by "leaps and bounds".
Zerodha Founder and CEO, Nithin Kamath said in a tweet on Wednesday: "So, we just got our in-principle approval for our AMC (MF) license. I guess now comes the hard part.
Sebi found lapses on part of Kotak AMC in carrying out due diligence and laid back approach adopted by the fund house in risk assessment
In recent months, Sebi has ordered a forensic audit of certain companies. In October 2020, Sebi asked listed companies to make disclosures
BPCL holds 12.5 percent of the shareholding in India's largest liquefied natural gas importer, Petronet, and a 22.5 percent stake in city gas retailer, Indraprastha Gas Ltd (IGL). It is a promoter of both the listed companies and holds board positions.
