Sebi bans Bengaluru based company, 8 directors from market for 4 yrs

By Accommodation Times Bureau MUMBAI: Securities and Exchange Board of India (Sebi) has banned Siyaram Development and Construction (SDCL) and its 8 directors from the securities market for illegally raising funds for at least four years. The regulator during probe found that, during the financial year 2011 to 2012-2013, SDCL through Offer of

IBBI, Sebi inks MoU for effective implementation of IBC

By Accommodation Times Bureau MUMBAI: The  Insolvency and Bankruptcy Board of India (IBBI) signed a Memorandum of Understanding (MoU) on Tuesday with the Securities and Exchange Board of India (SEBI) for effective implementation of IBC Code, 2016. The MoU was signed by Anand Baiwar, Executive Director, SEBI, and Ritesh Kavdia, Executive Director, IBBI,

NRIs soon to see single investment regime

By Accommodation Times Bureau NEW DELHI In a move bringing NRIs (Non-Resident Indians) and portfolio investment scheme under one umbrella, Sebi’s (Securities and Exchange Board of India) board to recommend a single investment system for NRIs and portfolio investment scheme to be merged with foreign portfolio investors, a source said. Foreign portfolio investment is the

SEBI to auction 18 properties

By Accommodation Times Bureau NEW DELHI Securities and Exchange Board of India (Sebi) has to set to e-auction 18 properties of MPS Greenery Developers by next month to recover investors’ money. The reserve price of 18 properties is over Rs 67 core. The property listed for sale includes commercial space, residential flats, buildings, land

NIIF makes its First Investment

By Accommodation Times Bureau NEW DELHI National Investment and Infrastructure Fund (NIIF) has partnered with DP World to create an investment platform for ports, terminals, transportation and logistics businesses in India. NIIF has made its First investment today, the finance ministry said. The platform will invest in opportunities in the ports sector, and

SBI to raise Rs 5k crore through bonds for affordable housing

By Accommodation Times Bureau NEW DELHI On Tuesday, State Bank of India (SBI) said it proposes to raise Rs 5,000 crore to fund affordable housing through long-term bonds. SBI said in a filing to stock exchanges, that the proposed bond raising programme aims at funding infrastructure and affordable housing. For financing of infrastructure and