The Securities and Exchange Board of India (SEBI) has taken action against two portfolio management firms, Scient Capital and DGS Capital Management, by prohibiting them from onboarding new clients and accepting additional funds or securities from existing clients. This decision follows findings that both firms submitted incorrect and misleading reports. In a separate action, SEBI has canceled the registrations of 19 foreign venture capital investors, citing that they are defunct in their respective jurisdictions. Additionally, the U.S. Securities and Exchange Commission (SEC) has requested assistance from Indian authorities in its investigation of Gautam Adani, founder of the Adani Group, and his nephew Sagar Adani, regarding alleged securities fraud and a $265 million bribery scheme.