Finance Minister Arun Jaitley is addressing the boards of The Reserve Bank of India and Securities and Exchange Board of India today to discuss the feasability of introducing various financial sector reforms announced in the budget proposals for 2016-17.

The address of the finance minister comes in the backdrop of the government's announcement of meeting the current year's fiscal deficit target and sticking to the target of 3.5%.

The Securities and Exchange Board of India (Sebi) has issued a letter to United Spirits Ltd (USL) seeking details on the severance deal between Vijay Mallya and London-based spirits firm Diageo.

"Sebi is examining intricacies of the deal and may summon officials from USL," said a source.

Amid a huge controversy over loan defaults by Vijay Mallya-led UB Group firms, regulator Sebi plans to choke fund-raising taps for 'wilful defaulters' while fund-raising norms are set to be made easier for start-ups as part of wide-ranging reforms in capital markets.

The proposed moves, likely to be discussed by the Sebi board tomorrow, are aimed at safe-guarding the interest of small investors while deepening the capital market place to provide new products and avenues for institutions, a senior official said.

The Securities and Exchange Board of India (Sebi) has disposed of insider trading proceedings against Reliance Petroinvestments, a group company of the Mukesh Ambani-led Reliance Industries.

The case date backs to 2007, before the merger of Indian Petrochemicals Corporation (IPCL) with Reliance Industries. A Sebi order in May 2013 had charged Reliance Petroinvestments with insider trading and imposed a penalty of Rs 11 crore on it.

Markets regulator Sebi has let off Mukesh Ambani-led RIL Group's Reliance Petroinvestments Ltd (RPIL) in an almost 9-year-old alleged insider trading case involving shares of the erstwhile IPCL on lack of evidence to establish prior access to sensitive information.

Interestingly, Sebi had earlier in May 2013 imposed a penalty of Rs 11 crore on RPIL in the same case, but the order was later set aside by the Securities Appellate Tribunal in December last year and the regulator was asked to look afresh into the case and pass another order within three months.

Mumbai: The market regulator is set to clarify what the term ‘control’ means in the context of mergers and acquisitions (M&As) by pegging the shareholding threshold of an acquirer at 25%, two persons familiar with the development said.

The move is aimed at removing ambiguities that companies currently confront during takeovers, one of the two persons said, requesting anonymity.

After getting an extension of one year, UK Sinha, chairman of the Securities & Exchange Board of India (Sebi), is ready to unleash a number of announcements for start-ups.

Though the board meeting, which is scheduled next week, will take decisions on tax incentives for alternative investment funds (AIFs) and introduction of the securities transaction tax (STT) for private equity and venture capital investments, the biggest announcement could be new initiatives to promote listing of start-ups.

MUMBAI: Markets regulator Sebi on Wednesday cracked down on 16 entities for irregularities in the commodities derivatives market by banning them till further orders for manipulating trading in castor seeds futures on National Commodity & Derivatives Exchange (NCDEX) a few months ago. Of the entities banned by Sebi, four are commodities brokers - Mid India Commodities, Investmart Commodities, Neer-Ocean Multitrade and Leo Global Commodities - and other well known names in the space which include Ruchi Global, Stride Multitrade, Vijay Saraf and Sisne Polymers.

Markets regulator Sebi has imposed a total penalty of Rs 4.5 lakh on three firms for not registering with SCORES, the regulators' online complaint redressal system.

It was alleged that the companies -- Akshya Nidhi, Barduar Tea & Timber Company and Appu India -- did not obtain Sebi Complaints Redressal System (SCORES) authentication from the Securities and Exchange Board of India (Sebi) within the mandated timeframe even after repeated reminders.

Markets regulator Sebi has ordered attachment of bank accounts, demat accounts and mutual fund folios of Shree Sai Spaces Creations and Wasankar Wealth management for violating capital market norms.

The move is part of Sebi's efforts to recover dues worth over Rs 50 crore collectively from both the firms.

Inviting Real Estate Agents, Job Placements Agents, Educational Institutes, Software Service Providers, Real Estate Builders, Marriage Bureaus, Travel Agents, Restaurant Owners, Health & Fitness Centers and other Local Businesses to Post a FREE Classified Advertisement on Cootera.com Classifieds Website.