Stock Brokers
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Sharekhan pays nearly Rs 3 cr to settle two cases with Sebi for alleged violations, code of conduct
•Sharekhan was allegedly "indulged in front-running activity through its proprietary trading account thereby making personal gains", a Sebi order said.
Budget 2018: Stock brokers express disappointment as Arun Jaitley introduces LTCG tax on equities
•Stock brokers expressed disappointment over the introduction of long-term capital gains tax in Budget, saying markets may react negatively in the short-term
Sebi tightens norms for stock brokers to detect misutilisation of clients' funds
•Stock brokers will now have to follow a uniform nomenclature for "naming/tagging of bank and demat accounts" and reporting of such accounts to stock exchanges and depositories
National Spot Exchange members buy more time to settle payments
Fp Archives •Thirteen members would pay five percent of their outstanding obligations, a total of Rs 3,107 crore, weekly, and eight members, with contracts amounting to Rs 2,180 crore, would settle outright.
The Indian wealthy: Local hedge funds dare where foreign investors fear
Fp Archives •Indian hedge fund manager Kalpesh Kinariwala is so sure of his equity strategies in a country that has stumped foreign rivals that he sends a daily e-mail tracker of his performance - including to competitors.
Saradha scam: CBI arrests two stock brokers
Fp Archives •CBI today arrested two stock brokers for allegedly being involved in misappropriation of funds of scam-hit Artha Tatwa (AT) group