A Bench led by Chief Justice B.R. Gavai took up the matter and confirmed that these salary-related pleas will be heard along with the main SEBI-Sahara case. Lawyers representing the employees urged the Bench to address their concerns urgently. The CJI responded positively and ensured a joint hearing.

The Court previously sought responses from the Centre, SEBI, and other stakeholders to SICCL’s request for permission to proceed with the property sale. Solicitor General Tushar Mehta stated that the Union Ministries of Finance and Cooperation should be part of the proceedings. The Court accepted this and directed both ministries to file their replies before November 17.

Senior advocate and amicus curiae Shekhar Naphade received instructions to compile complete details of the 88 properties proposed for sale. The Bench also asked him to study each property’s status, including whether they are encumbered or disputed. The Court noted that it will later decide whether the sale should happen in parts or as a single block.

The Bench also asked the Sahara Group to verify salary claims made by employees. It instructed the amicus to examine the issue of arrears and present findings on the next hearing date. All related applications, including intervention pleas, will come up for final consideration on November 17.

The post SEBI-Sahara Case Supreme Court Hearing on Salary Plea Set appeared first on India Podcast.

SEBI explained that digital gold is often marketed as an alternative to physical gold. However, it is not classified as a security or regulated as a commodity derivative. Since SEBI’s investor protection rules do not cover such investments, buyers face higher risks.

Many online platforms and jewellers promote digital gold with entry points as low as ₹10 or ₹100. They highlight features such as anytime buy/sell and easy conversion to jewellery. These claims may mislead small investors into believing the products are safe.

SEBI urged investors to choose regulated gold investment options. These include exchange-traded funds (ETFs), commodity derivatives, and electronic gold receipts. Such instruments are offered through SEBI-registered intermediaries and ensure investor protection.

According to the World Gold Council, India’s gold ETFs attracted record inflows of $850 million in October — the highest yearly total ever.

The post SEBI Warns Investors on Digital Gold Risks appeared first on India Podcast.

Pandey called it a major development for the financial ecosystem. Speaking at a BSE Brokers Forum event, he said SEBI is shifting from “reactive supervision to predictive oversight.” The regulator’s upgraded data warehouse now generates alerts to detect pump-and-dump trades and fraudulent bulk deals in real time.

He noted that pump-and-dump schemes show recognizable patterns. The new surveillance technology will help track manipulative trading with data insights. SEBI is also working on a safety net for depository participants to manage outages efficiently, similar to systems for stockbrokers.

Pandey added that SEBI is simplifying FPI registration and enhancing investor protection through technology-driven platforms like the Unified Investor App and the upgraded SCORES grievance system, which improves transparency and complaint resolution.

The post SEBI Plans Remote KYC Access for NRIs in Coordination with UIDAI, RBI appeared first on India Podcast.

To tackle fraud in the financial sector, SEBI and NPCI have launched dedicated UPI handles for registered intermediaries. Major brokers covering over 90% of investors and all mutual funds have enabled these secure handles.

The SEBI Check platform allows investors to verify UPI IDs and bank accounts of registered intermediaries before making payments. This ensures privacy, security, audit trails, and quick detection of mismatches.

FM Sitharaman emphasized responsible regulation, innovation, and growth in the FinTech and AI sectors. India now contributes 16% of global AI talent and aims to become a hub for AI-enabled products and services.

The post FM Warns Against Deepfake Risks in FinTech appeared first on India Podcast.

The petition urged the creation of a centralised digital platform. This system would allow citizens to trace and recover inactive or unclaimed financial assets. Furthermore, it would combine data from the Reserve Bank of India (RBI), Securities and Exchange Board of India (SEBI), and Insurance Regulatory and Development Authority of India (IRDAI).

The court directed the Union of India, Ministry of Consumer Affairs, RBI, SEBI, IRDAI, National Savings Institute, Employees’ Provident Fund Organisation (EPFO), and Pension Fund Regulatory and Development Authority (PFRDA) to respond.

This portal could make it easier for citizens to check their operational and inactive holdings in one place. Moreover, it could speed up asset recovery and reduce disputes. Experts say it would also improve efficiency in banking and insurance.

Therefore, the Supreme Court’s move reflects growing demands for digital solutions in governance. Citizens and experts now await government responses to this significant proposal.

The post SC Asks Response on Portal for Unclaimed Assets appeared first on India Podcast.

PSU banks extended their rally, with the Nifty PSU Bank Index climbing more than 1 percent. Adani Group shares also surged after SEBI dismissed allegations by Hindenburg Research. Adani Enterprises rose 6 percent, while Adani Green, Adani Energy Solutions, Adani Power, and AWL Agri Business jumped as much as 12 percent.

Technically, Nifty formed a bearish candle on the daily chart but with a long lower shadow, suggesting strong buying at lower levels. On the weekly frame, it created a bullish candle and maintained higher lows for three weeks.Analysts said GST rationalisation and upcoming festive demand could support consumption-driven sectors. Investors will now track US macro data and India’s manufacturing PMI for further market cues.

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