INVESTOR ISSUES


Moneylife Digital Team 15 February 2024
Market regulator Securities and Exchange Board of India (SEBI) has barred Arjun Sharma (noticee), proprietor of Commodity Raja for one year for providing illegal investment advisory services. While slapping a fine of Rs1 lakh, SEBI also asked him to refund Rs12.47 lakh collected as fees from...

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Moneylife Digital Team 14 February 2024
Expressing concerns over unscrupulous entities and online platforms falsely claiming to be registered intermediaries and offering huge returns, market regulator  Securities and Exchange Board of India (SEBI) urged investors to exercise utmost vigilance and due diligence before entrusting...

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IANS 13 February 2024
Total funding into Karnataka-based tech start-ups sharply fell 72% to US$3.4bn (billion) in 2023, from US$12.2bn in 2022, a new report said on Tuesday.   This decline can be attributed to the prevailing macroeconomic conditions and geopolitical issues as the total number of US$100mn...

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IANS 12 February 2024
The Governor of Reserve Bank of India (RBI), Shaktikanta Das, said on Monday that, while the central bank is supportive of the fin-tech sector, it is also committed to protect the interests of the customers as well as ensure financial stability.   On the action taken against Paytm...

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IANS 12 February 2024
India on Monday successfully launched its Unified Payment Interface (UPI) services in Sri Lanka and Mauritius.   RuPay card services were also launched in Mauritius as part of this initiative.   Prime Minister Narendra Modi attended the inaugural event virtually alongside his...

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IANS 12 February 2024
Finance ministry on Friday said that the Sovereign Gold Bonds (SGBs) 2023-24 (Series IV) will be open for subscription during February 12-16, with settlement date as 21st February.   The gold bonds will be issued by the Reserve Bank of India (RBI) at a price of Rs6,263 per...

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Moneylife Digital Team 09 February 2024
Market regulator Securities and Exchange Board of India (SEBI) has ordered the impounding of Rs7.41 crore unlawful gain earned from fraudulent and unfair activities by guest experts appearing on Zee business channels and their connected entities. The case is related to trading based on the...

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Moneylife Digital Team 05 February 2024
Only Rs258.47 crore has been paid to 277,000 applicants out of 12.1mn (million) claims filed by depositors of Sahara group's four cooperative societies through the central registrar of cooperative societies (CRCS) online portal as of 31 January 2024, the government told the Lok Sabha....

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IANS 02 February 2024
Several users on Friday took to X participating in the "Boycott Zerodha" trend after the company's trading app Kite suffered consecutive tech glitches in the past few months, resulting in losses for their clients while trading.   The glitch briefly hindered some traders from executing...

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Moneylife Digital Team 01 February 2024
Market regulator Securities and Exchange Board of India (SEBI) has barred Saurabh Verma (noticee) for two years for providing illegal investment advisory services. While slapping a fine of Rs2 lakh, SEBI also asked Mr Varma to refund Rs1.67 crore collected as fees from clients or...

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Moneylife Digital Team 31 January 2024
The three-member arbitral tribunal has directed Central Depository Services (India) Ltd (CDSL) to reimburse Rs86.02 lakh for the loss suffered by an investor-client of BRH Wealth Kreators Ltd (formerly BMA Wealth Creators Ltd). BRH Wealth Kreators had misused the power of attorney (PoA) after...

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IANS 30 January 2024
The Delhi High Court has ordered messaging platforms WhatsApp and Telegram to delete groups and accounts defrauding people by misusing the trademarks of venture capital firms Peak XV and Sequoia Capital.   The suit comes after a series of financial scams proliferated online wherein...

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Moneylife Digital Team 30 January 2024
Updated at 3.15pm on 31 January 2024 to add comment from Growpital   Market regulator Securities and Exchange Board of India (SEBI) has asked Farm Tech Silo LLP (also known as Growpital) and its associate entities ZF Project 1 LLP, ZF Project 2 LLP,  ZF Project 3 LLP, Yotta  Agro...

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IANS 29 January 2024
Brokerage firm Zerodha's trading app Kite on Monday suffered another technical glitch, marking the fourth straight month the platform has faced such issues.   Several users took to the X platform complaining about the issue and demanding compensation for the 'loss'.   "As...

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Moneylife Digital Team 19 January 2024
While refusing to interfere in an order passed by the Securities and Exchange Board of India (SEBI), the Securities Appellate Tribunal (SAT) dismissed an appeal filed by Brightcom Group Ltd (BGL) against the SEBI order.   In an order, Meera Swarup (technical member) of SAT says,...

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Moneylife Digital Team 15 January 2024
Market regulator Securities and Exchange Board of India (SEBI) has asked stock brokers' Industry Standards Forum (ISF) to lay out a framework to provide a facility for voluntary freezing or blocking the online access of the trading account to their clients due to suspicious activities. SEBI...

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IANS 10 January 2024
Investors around the world are warning governments over 'unmoored' levels of public debt, saying that excessive pre-election borrowing promises risk sparking a bond market backlash, media reports said.   Government debt issuance in the US and the UK is expected to soar to the highest...

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Isn’t it puzzling that although economic and financial forecasts have a terrible record, the media publishes dozens of forecasts at the beginning of the year on economic growth and how stock indices would fare at the end of the year.   Forecasting is a more formal and well-recorded...

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Moneylife Digital Team 05 January 2024
A response to a Right to Information (RTI) application has revealed that only Rs228.77 crore has been paid out against claims of Rs82,695.51 crore made by depositors of Sahara group’s four cooperative societies, through the central registrar of cooperative societies (CRCS) online portal to...

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IANS 27 December 2023
The State Bank of India (SBI) has raised interest rates on certain fixed deposits (FDs) by up to 0.5% with immediate effect.   The Bank has hiked the interest rate on deposits maturing between 7 days to 45 days to 3.50% from 3%.   SBI raised the interest rate on tenure of 46...

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