Burmans ask Care Health to cancel Rs 350 cr ESOP given to Religare's Saluja
The crux of the dispute lies in the alleged wrongful grant of 22.7 million stock options, equivalent to 1.25 per cent of Care Health's share capital, to Saluja in January 2022. Although the insurance regulator Insurance Regulatory and Development Authority of India (Irdai), disapproved of these options in May 2022, citing Saluja's role as largely akin to that of a non-executive director, the Care board proceeded with granting the options under the premise of Saluja's employment with Religare Enterprises rather than her role at Care.

Sebi lays norms for optional T+0 cycle
Capital markets regulator Sebi on Thursday put in place a framework to introduce the beta version of the T+0 trade settlement cycle on an optional basis.

SEBI to roll out same-day settlement this month
 

Sebi asks funds investing in overseas ETFs to stop taking fresh money from April
Fund of funds (FoFs) that invest in exchange traded funds (ETFs) listed on foreign exchanges will have to stop accepting fresh investments from 1 April.  

These ELSS mutual funds gave over 20 percent annualised returns in the past five years. Check details
The power of compounding is so potent that it is often referred to as magic. From doyens of investing such as Benjamin Graham to contemporary market gurus, all and sundry laud the power of compounding.

Mutual funds get GST notices for exit load
The Directorate General of Goods and Services Tax Intelligence (DGGI) has sent show-cause notices to a number of mutual fund (MF) companies in recent weeks, seeking to recover a tidy sum from them as goods and service tax (GST) on exit-load charges. According to an official source, the amount being sought to be recovered from the MF firms could be over Rs 150 crore.

SEBI directs AMFI to stop inflows into overseas schemes of MFs from April 1
Mumbai: Capital market regulator SEBI has directed the Association of Mutual Funds to stop inflows into overseas exchange traded funds from April 1 as it is approaching the overall limit of $1 billion set by the RBI. In January 2022, SEBI stopped mutual fund houses from taking fresh subscriptions in schemes investing in overseas stocks. After the recent fall in overseas market, it eased with the strict overall industry cap of $7 billion.

PE & VC investments fall to $2.2 bn in Feb as big-ticket deals dry up
Mumbai: Private equity and venture capital investments declined to $2.2 billion in February, 39 per cent down when compared with the year-ago period’s $3.7 billion, a report said on Thursday. On a month-on-month basis PE, VC investments have witnessed a decline of 67 per cent. The number of deals were higher at 120 transactions in February, as compared to 86 deals in January and 57 in February 2023, the report by industry lobby group IVCA and consultancy firm EY said. “This is the second lowest monthly total for PE/VC investments since February 2021. We remain cautiously optimistic as the election super cycle unfolds in India and globally, with many large economies going to the polls in 2024,” the consultancy firm’s partner Vivek Soni said.

Indian lenders to chase corporate bonds as new investment rules kick in, treasury officials say
Indian banks will gravitate towards corporate bonds they intend to hold until maturity once new central bank rules kick in next month, as yields are currently elevated and the investments would be spared from market-linked markdowns, treasury officials said.