Sebi comes out with timelines for brokers to collect margins

Markets regulator Sebi on Monday directed brokers to collect all other margins, except value at risk (VaR) and Extreme Loss Margin (ELM), by the T+1 settlement day. The decision has been taken due to the shift from T+2 to T+1 settlement cycle.

NFO Alert: DSP Mutual Fund launches Silver ETF Fund of Fund

DSP Mutual Fund has launched the DSP Silver ETF Fund of Fund, offering investors easy access to silver without a demat account. The fund invests in DSP Silver ETF units, benefiting from industrial demand, currency depreciation, and potential price rise amid supply deficits. The NFO closes on May 9.

Gensol Engineering shares tumble for 13th day; hit another lower circuit limit

Gensol Engineering’s stock faces a sharp decline, hitting a lower circuit. This comes amid Sebi’s investigation into promoters Anmol Singh Jaggi and Puneet Singh Jaggi. They are accused of diverting loan funds meant for EV purchases. Sebi has barred them from capital markets. The company’s planned stock split is also on hold.