Securities and Exchange Bureau of India News

Markets regulator SEBI Tuesday came out with stricter disclosure requirements for credit rating agencies to ensure more transparency in their policies amid instances of drastic downgrades impacting investors.

More than 100 listed companies, including United Spirits Ltd and long-grounded Kingfisher Airlines, have been slapped penalties for violating the Listing Agreement provisions set forth by SEBI and exchanges.

In a fresh clampdown on entities misusing stock markets for evading taxes, regulator SEBI Thursday barred 59 entities, including HNIs, from securities markets and also referred the case to the Income Tax Department for further investigations.

At the same time, the equity market also helps in the growth of the Indian economy as the money invested in equities is utilised for infrastructure-building and for the economic prosperity of the country, Sinha said.