INVESTOR ISSUES


Moneylife Digital Team 22 March 2021
The Technical Advisory Committee (TAC) appointed by Securities and Exchange Board of India (SEBI) has questioned the management of National Stock Exchange (NSE) about the reason for the Exchange's failure to shift operations to disaster recovery (DR) site from primary site on 24th...

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Moneylife Digital Team 22 March 2021
Amidst different claims and liabilities for the 24th February outage, the National Stock Exchange, has now blame storage area network (SAN) system, especially the failover logic provided by its vendor for the trading halt.    In a statement, NSE says, "...on 24th February, post link...

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Knight Frank, a leading international property consultancy, in its latest research report - Global House Price Index Q4 2020 cited that India has moved down 13 spots in the latest global home price index finish last at 56th rank in the quarter ending December 2020.   Indian markets...

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“There is a basic problem with perpetual bonds or perps; it is a finance 101 issue” says a top banker, explaining the controversy triggered last week over how these bonds have been valued since inception.    On 10th March, the Securities and Exchange Board of India (SEBI) had taken...

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Moneylife Digital Team 17 March 2021
Ajay Tyagi, chairman of Securities & Exchange Board of India (SEBI) has been reportedly pulled up by Lok Sabha's committee on petitions for his failure to appear before the panel on two previous occasions, says a report.    As per the report from Times of India, Mr Tyagi appeared...

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Moneylife Digital Team 12 March 2021
"24th February trading halt was a disaster even if you do not have a definition about what is a disaster for a stock exchange. If you think that is not a disaster, then pretty much nothing is a disaster after that. The exchange has to go to the disaster recovery (DR) site within two hours and...

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Thousands of investors have lost big chunks of their savings in the past two years because our ‘well-regulated capital market’, which boasts multiple safeguards such as investor protection funds and settlement guarantee funds, has turned out to be a mirage.    Many investors were...

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Moneylife Digital Team 10 March 2021
Market regulator Securities and Exchange Board of India (SEBI) has initiated proceedings against National Stock Exchange (NSE) in the Karvy Stock Broking Ltd (Karvy or KSBL) default matter, the Lok Sabha was informed.   Replying to a question, Anurag Thakur, minister of state for...

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Moneylife Digital Team 09 March 2021
Market regulator Securities and Exchange Board of India (SEBI) has imposed a penalty of Rs90 lakh on Anugrah Stock & Broking Pvt Ltd for repeated violation of regulations and compliance.    In an order, Prasanta Mahapatra, adjudicating officer (AO) of SEBI says, "It is established...

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Maya M 09 March 2021
In what is a triple whammy week for the Kolkata-based SREI group, rating agencies CARE and Acuité Ratings & Research have downgraded SREI Infrastructure Finance Ltd (SIFL) to default category. Separately bondholders and the debenture trustees of SREI group have approached the National Company...

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SEBI on Monday rationalised the compliance norms of collecting and maintaining copies of PAN (permanent account number) of clients by members of the exchanges which have commodity derivatives segment.   In a circular on Monday, the Securities and Exchange Board of India (SEBI) amended...

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Moneylife Digital Team 05 March 2021
Days after finance minister (FM) Nirmala Sitharaman spoke about trading halt at the National Stock Exchange (NSE) and the ‘cost’ of such incidents for the financial markets, the ministry of finance (MoF) has asked the market regulator to share its finding based on the root cause analysis that...

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In a major relief for India's working class, the Employees' Provident Fund Organisation (EPFO) has decided to keep interest rates on Provident Fund deposits for the financial year 2020-21 unchanged at 8.5 per cent.   On Thursday, the Central Board of Trustees, EPF, recommended 8.50...

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Moneylife Digital Team 04 March 2021
Terming Sahara India Financial Corp Ltd as an entity not 'fit & proper', market regulator Securities and Exchange Board of India (SEBI) has cancelled registration of the Sahara group unit as sub-broker of National Stock Exchange (NSE) and BSE.    In an order, G Mahalingam, whole-time...

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Ramchandran Vishwanathan 04 March 2021
The disruption in services of the National Stock Exchange (NSE) has triggered a widespread discussion about why the Exchange did not switch operations to its disaster recovery (DR) site when it faced a major technical issue on 24th February. The DR is expected to get started in 45 minutes...

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It is over a week since the National Stock Exchange (NSE) came to a slow, grinding halt on 24 February 2021 and we are still none the wiser about exactly what transpired that day.   While conspiracy theories on social media and trader networks abound, the market regulator and the...

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Moneylife Digital Team 02 March 2021
After hearing the grievances of investors and clients of Anugrah Stock & Broking Pvt Ltd (Anugrah) the Bombay High Court says there exists a prima facie case and the statutory authorities have, indeed, failed in performing their duties under the law. Especially the bench observed that market...

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Ace investor Warren Buffett is of the view that fixed-income investors might face a bleak future.   In his letter to the shareholders of Berkshire Hathaway, Buffet said: "Fixed-income investors worldwide -- whether pension funds, insurance companies or retirees -- face a bleak...

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Moneylife Digital Team 27 February 2021
Despite facing severe criticism over Wednesday's four-hour-long trading halt, the National Stock Exchange (NSE), while expressing sincere regrets, defended its decision of not moving the trading to disaster recovery (DR) site since its online risk management system was unavailable due to...

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Moneylife Digital Team 27 February 2021
The Bombay Stock Exchange Brokers Forum (BBF) has urged exchanges and market regulator Securities and Exchange Board of India (SEBI) not to levy penalty for short collection of margins from clients for the 24th February trading halt at National Stock Exchange (NSE).    In a statement,...

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