Times of India | Shivam Associates ‘Fake’, CID Probe Soon: Belagavi DC

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Deputy Commissioner Mohammad Roshan and City Police Commissioner Bhushan Borase announced that Shivam Associates is a fraudulent firm that raised thousands of crores from more than 30,000 investors through an app called “Acumen,” violating RBI and SEBI regulations; a joint police‑cooperative raid seized hundreds of documents and revealed transactions possibly totaling around Rs 50,000 crore, prompting a recommendation to hand the case over to the CID for a detailed probe. The owner, Shivanand Neelannavar—who rose from a peon and ice‑cream vendor to launch the investment company in 2012—was arrested, and officials warned the public to verify any firm’s accreditation before investing to avoid losing life savings.

Read more: https://timesofindia.indiatimes.com/city/hubballi/shivam-associates-fake-cid-probe-soon-belagavi-dc/articleshow/131142511.cms

#ShivamAssociates #Acumen #ShivanandNeelannavar #CID #SEBI #MohammadRoshan #BhushanBorase

Times of India | Sebi to simplify norms to boost business ease

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Securities and Exchange Board of India (SEBI) chairman Tuhin Kanta Pandey announced that the regulator will accelerate its effort to simplify and rationalise rules to make capital‑market participation easier, pledging collaboration to spur innovation and tech‑led supervision for market development. Speaking at SEBI’s 38th Foundation Day in Mumbai, Pandey highlighted that, despite a volatile global backdrop, India’s market resilience stems from years of institution‑building, sound regulation and robust frameworks that have sustained capital formation and active market activity.

Read more: https://timesofindia.indiatimes.com/business/india-business/sebi-to-simplify-norms-to-boost-business-ease/articleshow/130522804.cms

#SEBI #TuhinPandey #Mumbai #Capitalmarkets #Financialhub #TuhinKantaPandey

Times of India | In relief to cos, Sebi grants more time to secure funds

Sebi has granted a one-time extension for the validity of observation letters for public issues, offering relief to companies delaying capital raising due to geopolitical tensions and weak investor sentiment. This move allows issuers more time to proceed with IPOs, follow-on offers, and rights issues without restarting the approval process, reducing compliance costs and timelines.

Read more: https://timesofindia.indiatimes.com/business/india-business/in-relief-to-cos-sebi-grants-more-time-to-secure-funds/articleshow/130100021.cms

#sebi #capitalraising #investorsentiment #ipos #compliancecosts