Saturday, September 26
Sebi's whole-time member K C Varshney on Monday said the word "penalty" has a lot of stigma attached to it and the capital markets regulator is mulling dropping the reference when it comes to acting against errant brokers. The regulator is also in the process of rationalizing the penalties, Varshney said while speaking at an event to launch the proxy advisory recommendations feature on e-voting system in investor apps. "You know many of these are not actually penalty. And unnecessarily it is a stigma on the broker when it is imposed. So can we have a better name?" Varshney said. He said the industries standard forum (ISF) has deliberated hard on the issues surrounding the broking industry over the last five months with an intent to usher in ease of doing business measures. Varshney said a
Jaguar Land Rover on Monday said its dispatches to dealers declined by 11 per cent year-on-year to 87,286 units for the first quarter ended June 30. Compared to the prior year, wholesale volumes for the first quarter were down in North America, Europe and the UK by 12 per cent, 14 per cent and 25 per cent respectively, JLR said in a statement. The UK market was the most impacted by the planned cessation of the legacy Jaguar models, it added. The British marquee brand said its retail sales for the April-June period this year stood at 94,420 units, a dip of 15 per cent as compared with same period last fiscal. Volumes reduced in line with the company's expectations following a challenging quarter, it said. This largely reflects the planned wind down of legacy Jaguar models ahead of the launc
