IIFCL AMC, Others Settle SEBI Case

06 May 2024 CW Team

The Infrastructure Investment Finance Company Asset Management Company (IIFCL AMC) and four other entities have reached a settlement with the Securities and Exchange Board of India (SEBI) regarding a mutual fund violation case. As part of the settlement, they have collectively agreed to pay Rs 10 million to SEBI.

The settlement marks the resolution of allegations of mutual fund violations against IIFCL AMC and the other entities. SEBI had initiated proceedings against them for purportedly violating regulations related to mutual funds.

While the details of the alleged violations were not disclosed, the settlement amount of Rs 10 million indicates the seriousness of the allegations and the parties' willingness to resolve the matter amicably.

The resolution of the case underscores the importance of regulatory compliance in the mutual fund industry. It also highlights SEBI's commitment to enforcing regulations and ensuring transparency and accountability in the financial markets.

As IIFCL AMC and the other entities settle the case with SEBI, they are expected to review their internal processes and procedures to prevent similar violations in the future. Compliance with regulatory requirements is crucial for maintaining investor trust and confidence in the mutual fund industry.

The settlement with SEBI brings closure to the mutual fund violation case for IIFCL AMC and the other entities involved. Moving forward, they will likely focus on strengthening their compliance mechanisms to adhere to regulatory standards and uphold market integrity.

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..