Regulator Sebi revamps Secondary Market Advisory Committee
New Delhi: Markets regulator Sebi has reorganised the committee that advises it on matters related to secondary market, including suggesting steps to improve market safety, efficiency and transparency.
The Secondary Market Advisory Committee is chaired by IIM Ahmedabad Professor and former whole-time member of Sebi, Jayanth R Varma.
Besides Varma, the expert panel consists of 16 members, including top executives of nation's leading stock exchanges, government representatives and officials of Sebi, as per the latest update with the markets watchdog.
Members of the committee include BSE's Ashish Kumar Chauhan and NSE's Vikram Limaye -- managing directors and CEOs of their respective stock exchanges.
Other members of the panel are: ICICI Securities MD and CEO Shilpa Kumar; UTI Mutual Fund MD Leo Puri; Edelweiss Group Executive Director and Group COO Himanshu Kaji; Kotak Securities MD Kamlesh Rao and Associate Professor of Finance at ISB Krishnamurthy Subramanian.
The committee is mandated to review the developments in secondary market, recommend measures for changes and improvements in market structure in view of the impending changes, look into investor protection measures in the stock exchanges and suggest improvements.
Moreover, the expert panel also suggests Sebi on measures for reducing the transaction costs, changes if required in the risk management and regulatory framework in secondary market, among others.
Sebi has reorganised the committee that advises it on matters related to secondary market, including suggesting steps to improve market safety.
State-owned PNB today said it has received Rs 2,816 crore as capital infusion from the government via preferential allotment of equity shares.
The Border Roads Organisation has spent more than Rs 1,900 crore on construction and improvement of infrastructure on the north-western and north-eastern borders of India, the government said.
The population of tigers is on the rise, the government said today quoting preliminary census data.
Barely two weeks since launch, BSNL's internet telephony service 'Wings' has received over 4,000 bookings for the new offering that will allow users to dial any phone number in India through a mobile app, starting this week, its Chairman said today.
The National Green Tribunal has directed the Haryana government to restore 123 water bodies in Gurugram and Faridabad districts and assign each one of them a unique identification number within three months.
The station, which was named after Lord Elphinstone, the Governor of Bombay Presidency from 1853 to 1860, has now been renamed in honour of a local deity.
Lavasa -an ultimate getaway, a city that would offer the charms of European locales, with five star comforts in a scenic part of Maharashtra has now become an abandoned town.
A second chargesheet by the ED has confirmed the trail of illegal cash Mallya transferred to his accounts across global tax havens.
Delayed payment by GMR-led DIAL, the Delhi airport operator, to the CISF guards could eventually lead to passengers paying more to fly out of the Indian Capital.
The West Bengal Police has claimed to have busted a Rs 100 crore plus job racket in the Indian Railways following a crucial arrest in the Indian Capital.