Karvy Stock Broking

Karvy Stock Broking clients in quandary, payouts to about 95,000 retail customers delayed; firm moves SAT against SEBI order

Karvy informed SAT that due to SEBI’s order, even its existing clients are not able to sell their shares or transfer them to other brokers.

Karvy Stock Broking indulged in activities which were never allowed: SEBI chief Ajay Tyagi

In the aftermath of Karvy Stock Broking episode, capital market watchdog SEBI on Wednesday said the brokerage was indulging in activities which were "never allowed"

Karvy Stock Broking refutes claims it has defaulted on Rs 2,000 cr loans; says owes around Rs 50 cr to clients: Report

Karvy Broking has been given 21 days time from the date of receiving the order to file its objections or responses, if any

Sebi bars Karvy Stock Broking from taking new work for a year

In an order, Sebi directed "KSBL not to undertake new primary market assignment including acting as syndicate member or providing syndication services (procuring IPO applications and bidding in IPOs), directly or indirectly, in IPOs for a period of one year."

SAT directs Sebi to pass fresh order on Karvy in IPO scam case

In March 2014, Sebi had barred Karvy Stock Broking (KSBL) from taking up new assignment or launching new schemes for six months as a stock broker.

India's Q2 growth likely to drop to 5%, say experts

The country's second quarter growth rate is likely to drop to a nearly three and half year low of 5.1 percent owing to sustained weakness in the industrial sector, reports said.