The Metropolitan Stock Exchange (MSE) on Tuesday said it has completed its second round of fundraising, securing Rs 1,000 crores. The exchange said the fresh funds will help strengthen its market position, improve operations, and support long-term growth. Shareholders also approved the reappointment of Latika S Kundu as Managing Director and Chief Executive Officer for…
In an important step towards the privatisation of IDBI Bank, the Securities and Exchange Board of India (SEBI) has approved the reclassification of the Life Insurance Corporation of India (LIC) as a public shareholder, the bank informed stock exchanges. This means LIC will now be treated like any other public investor in IDBI Bank. As…
The Union Government under the ‘fund of funds for startups’ (FFS) scheme has made an investment support of Rs 211 crore, boosting the Indian space sector, said Union Minister Piyush Goyal. The Commerce and Industry Minister wrote in a X post, “Boosting Bharat’s Space Sector. With the Fund of Funds for Startups (FFS) Scheme under…
SEBI Chairman Tuhin Kanta Pandey on Friday called on the mutual fund industry to unite in expanding access to small-ticket SIPs, terming them the foundation of retail financial inclusion and long-term wealth creation. “Every SIP is a seed that can grow into a financial tree,” Pandey said at an event hosted by the Association of…
SEBI Chairman Tuhin Kanta Pandey on Wednesday termed media reports about curbing weekly expiries as “speculative”. “I am not aware of any such communication. Media reports are speculative, what we have been saying is out in the open,” the SEBI Chairman said. He added that reforms are needed, but the nature of those reforms is…
The financial frauds in Indian capital markets have ranged from simple diversion of shareholder funds to the use of complex structures and transactions to bypass regulatory safeguards, Securities and Exchange Board of India (SEBI) Chairman Tuhin Kanta Pandey said on Friday. Addressing the Future Proof Forensics 2025 event held in Mumbai, the SEBI chief highlighted…