The Securities and Exchange Board of India (Sebi) has proposed a fresh regulatory framework for algorithmic trading or algo trading by retail investors. According to the consultation paper released by Sebi, the proposal is aimed at preventing market manipulations. Sebi said the objective of the consultation paper is…
The Reserve Bank of India (RBI) on Monday said it has imposed a penalty of Rs 1 crore on Union Bank of India for deficiencies in regulatory compliance. The penalty was imposed by an order dated November 25 for non-compliance with the certain provisions of directions issued by the RBI contained in “Reserve Bank of…
Zee Entertainment signed a merger deal with Sony Pictures Networks India Private Limited, according to a regulatory filing by the media company to the stock exchanges on Wednesday, September 22. Zee Entertainment’s board of directors unanimously approved the merger between Sony Pictures Networks India and…