Exchanges call for better scrutiny by merchant bankers
Business Standard|September 26, 2024
Amid concerns over the quality of issuances by small and medium enterprises (SMEs) and rising instances of violations, stock exchanges have urged investment bankers to enhance scrutiny and ground checks before filing documents for an initial public offering (IPO).
KH USHBOO TIWARI
Exchanges call for better scrutiny by merchant bankers

The developments come close on heels of market regulator Securities and Exchange Board of India's (Sebi's) nudge to BSE to halt the listing of a recent SME firm following complaints from industry participants. Also, according to latest reports, six merchant bankers are under the scanner of Sebi for questionable practices on fee collection.

In a meeting held on Tuesday, BSE's managing director (MD) and chief executive officer (CEO) Sundararaman Ramamurthy had apprised over 80 merchant bankers across India for more checks on IPO-bound firms.

Denne historien er fra September 26, 2024-utgaven av Business Standard.

Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.

Denne historien er fra September 26, 2024-utgaven av Business Standard.

Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.

FLERE HISTORIER FRA BUSINESS STANDARDSe alt
Business Standard

Women in a shadow war

In the 21st century, many countries have started admitting women into the military in combat roles as fighter pilots and frontline soldiers in grudging recognition of their capabilities and courage.

time-read
4 mins  |
September 28, 2024
NCPA-Soho 1st theatrical tie-up blurs boundaries
Business Standard

NCPA-Soho 1st theatrical tie-up blurs boundaries

Indian 'drag kings' to take stage in Mumbai, London in Gentlemen's Club

time-read
2 mins  |
September 28, 2024
GAINS AT PUMPS SUPERNORMAL
Business Standard

GAINS AT PUMPS SUPERNORMAL

But low cracks, or profits from processing crude oil into petrol & diesel, have contributed to abysmal refining margins, prompting rethink on lowering retail fuel prices

time-read
3 mins  |
September 28, 2024
Everybody wants a 'piece' on Dwarka Expressway
Business Standard

Everybody wants a 'piece' on Dwarka Expressway

Dwarka Expressway, a 29.1-kilometre (km)-long 16-lane stretch between Shiv Murti in Delhi and Kherki Daula in Gurugram, has become a real estate hotspot, attracting top developers from all over the country announcing their projects in the area.

time-read
3 mins  |
September 28, 2024
Business Standard

Accumulate gold through SIP if portfolio allocation below 10%

Gold, which closed at ₹75,447 per 10 gram in the domestic market on Friday (and is trading at ₹2,689.6 per ounce on the Comex), is up 29.4 per cent over the past year.

time-read
2 mins  |
September 28, 2024
IT aims for sky after Accenture's Q4 results
Business Standard

IT aims for sky after Accenture's Q4 results

Nifty IT index ends 0.4% higher over previous close

time-read
3 mins  |
September 28, 2024
Business Standard

NSE, BSE revise transaction fee

Stock exchanges National Stock Exchange (NSE) and BSE on Friday revised their charges for various segments in the market — to align them with the true-to-label circular by the Securities and Exchange Board of India (Sebi) which mandates uniform fee irrespective of the turnover.

time-read
1 min  |
September 28, 2024
Business Standard

GQG Partners settles charges with US SEC

Boutique investment firm GQG Partners has settled charges of potential violations of whistleblower rules with the Securities and Exchange Commission (SEC) — the regulatory body in the United States — by paying a $500,000 penalty.

time-read
1 min  |
September 28, 2024
Sebi plans mandatory disclosures for direct plan MF schemes
Business Standard

Sebi plans mandatory disclosures for direct plan MF schemes

The Securities and Exchange Board of India (Sebi) has proposed to make it mandatory for mutual fund houses to give separate disclosures for direct plan and regular plan schemes in their half-yearly financial results.

time-read
1 min  |
September 28, 2024
Crompton Greaves Consumer may underperform on demand concerns
Business Standard

Crompton Greaves Consumer may underperform on demand concerns

The stock of Crompton Greaves Consumer Electricals has shed about 12 per cent since the start of the month due to a muted near-term outlook.

time-read
2 mins  |
September 28, 2024