Latest news with #KSBL
New Indian Express
5 days ago
- Automotive
- New Indian Express
Infopark-Tripunithura AC feeder bus service kicks off
KOCHI: The 'Point-to-Point' AC feeder bus service connecting Tripunithura metro station and Infopark, long-drawn demand of techies, has kicked off operations on Thursday. The response in the two days since the launch has been 'encouraging'. 'We've started operating AC CNG buses on the route. The first trip from Tripunithura metro station is at 7.40 am while the last trip from Infopark is at 7.15 pm. A flat rate of Rs 60 per person is being charged,' Antony B J, MD, Kleen Smart Bus Ltd (KSBL), told TNIE. The Kochi Metro Rail Ltd (KMRL) had awarded the licence, valid for six months, to the KSBL following an open tendering process. Daily, hundreds of techies arrive at Tripunithura railway station from nearby satellite towns to reach their workplace. 'Currently just a single bus is in operation, and we plan to deploy more based on the demand. However, the condition that the licence is provided only to costly electric or CNG buses is a challenge,' the official said. The service will have three stops – Kakkanad Metro Station, Infopark Phase 1 and Phase 2. 'The operator needs to run the services mainly during morning and evening peak hours six days a week (weekdays and Saturday) for commuters travelling to Tripunithura metro station and back. The licences are being awarded to private operators as part of efforts to ensure first and last-mile connectivity. There are plans to acquire 20 more e-feeder buses,' a KMRL official said. Meanwhile, the KMRL is currently busy deploying e-feeder services. Of the 15 AC e-buses acquired, it have been deployed 13, while two have been kept as reserves. It intends to deploy its own buses on one more route – Kadavanthra-Panampilly Nagar circular route.'We welcome the initiative as it will benefit a substantial number of techies,' said Anish Panthalani of Progressive Techies, a socio-cultural organisation for techies based in the state's IT parks.
Hans India
17-05-2025
- Business
- Hans India
Sebi sets June 2 timeline for Karvy investors to file claims
New Delhi: Markets regulator Sebi on Friday asked investors of Karvy Stock Broking Ltd (KSBL), which has defaulted on payments, to file their claims before June 2 deadline. KSBL was declared a defaulter by the National Stock Exchange (NSE) on November 23, 2020. Following this, investors were invited to submit claims against the defaulting broker, with the final date for submission set as June 2, 2025. Highlighting the urgency, Sebi, in its statement, said: 'As the deadline for submitting investors' claims against default broker Karvy Stock Broking Ltd is approaching shortly, investors are advised to take note of the above deadline and are urged to file their claims before the deadline, if not lodged already.' For assistance, investors can reach out to NSE by calling its toll-free number 1800 266 0050 (select IVR option 5) or by emailing at [email protected], it added. In April 2023, Sebi barred KSBL and its CMD C Parthasarathy from the securities market for seven years and also imposed a penalty of Rs21 crore on them for misappropriating clients' funds by misusing the Power of Attorney given to the broking firm.
Time of India
17-05-2025
- Business
- Time of India
Sebi urges Karvy Stock Broking investors to file claims before June 2 deadline
New Delhi: Markets regulator Sebi on Friday asked investors of Karvy Stock Broking (KSBL), which has defaulted on payments, to file their claims before June 2 deadline . KSBL was declared a defaulter by the National Stock Exchange ( NSE ) on November 23, 2020. Following this, investors were invited to submit claims against the defaulting broker, with the final date for submission set as June 2, 2025. Highlighting the urgency, Sebi, in its statement, said, "As the deadline for submitting investors' claims against default broker Karvy Stock Broking is approaching shortly, investors are advised to take note of the above deadline and are urged to file their claims before the deadline, if not lodged already." SEBI Extends Timeline for ODI Framework Sebi on Friday extended the timeline for implementing the framework regarding tightening of rules on issuance of offshore derivatives instruments (ODIs) by FPIs to November 17. Sebi, in December, came out with the framework, which was to become effective from May 17. The framework provides for additional disclosures to be made by ODI subscribers and FPIs ( foreign portfolio investors ) with segregated portfolios. ETMarkets WhatsApp channel )
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Business Standard
16-05-2025
- Business
- Business Standard
Sebi urges Karvy investors to file claims before June 2 deadline approaches
Markets regulator Sebi on Friday asked investors of defaulted broker Karvy Stock Broking Ltd (KSBL) to file their claims, as the deadline of June 2 is approaching. KSBL was declared a defaulter by the National Stock Exchange (NSE) on November 23, 2020. Following this, investors were invited to submit claims against the defaulting broker, with the final date for submission set as June 2, 2025. Highlighting the urgency, Sebi, in its statement, said, "As the deadline for submitting investors' claims against default broker Karvy Stock Broking Ltd is approaching shortly, investors are advised to take note of the above deadline and are urged to file their claims before the deadline, if not lodged already." For assistance, investors can reach out to NSE by calling its toll-free number 1800 266 0050 (select IVR option 5) or by emailing at defaultisc@ it added. In April 2023, Sebi barred KSBL and its CMD C Parthasarathy from the securities market for seven years and also imposed a penalty of Rs 21 crore on them for misappropriating clients' funds by misusing the Power of Attorney given to the broking firm. This action emanated from a massive asset mobilisation drive by KSBL, in which it raised huge funds from financial institutions. The broking firm did so by pledging clients' securities -- secured through the Power of Attorney granted to KSBL -- with promises of paying interest. However, instead of fulfilling these commitments, the funds were misappropriated and diverted to entities connected with KSBL, ultimately leading to defaults in settling client securities and funds, in violation of regulatory norms.
