SEBI
http://www.business-standard.
http://www.business-standard.
http://www.business-standard.
http://economictimes.
http://economictimes.
Listing of bourses: NSE 'delay' irks PE investors
Last
week, when the Securities and Exchange Board of India (Sebi) amended
the stock exchanges and clearing corporations' regulations, it had eased
the listing of bourses’ shares. With this, private equity (PE)
investors in the BSE exchange are certain the exchange would be listed
in another eight months or so, providing them an exit opportunity.
However, say PE investors in the National Stock Exchange (NSE), their
long effort for an exit isn't getting over soon. “The NSE manageme
[….] Read more at:
Sebi suspends brokerage firm MKM Finsec for 5 years
Capital
markets watchdog Sebi today suspended brokerage firm MKM Finsec for
five years for indulging in 'fraudulent activities' as well as for
failing to provide information sought by it. The Securities and
Exchange Board of India (Sebi) said MKM Finsec was involved in
"fraudulent activities by issuing fictious contract notes and difference
bill vouchers etc with the sole intention to facilitate some steel
manufacturing companies to manipulate their book of accounts." It also
"executed off-market [….] Read more at:
RBI
RBI buys bonds worth Rs 10,000 cr through OMO
The Reserve Bank of India (RBI) on Monday
bought Rs 10,000 crore of bonds from the secondary market as part of
its open market operations (OMO). The total amount offered by
participants in the auction for four bonds was Rs 54,413.30 crore. But
the central bank accepted no offer for a bond maturing in 2030. In the
auction, the central bank bought bonds maturity is in 2018, 2019 and
2024 for a cut off yield of 7.5006 per cent, 7.6602 per cent and 7.9152
per cent respectively. This was the [….] Read more at:
Centre, RBI looking at IDR norms
After
liberalising the external commercial borrowing (ECB) regime for
companies looking to raise debt abroad, the government and the Reserve
Bank of India are having a look at easing the norms on Indian Depository
Receipts (IDR) for foreign companies, Business Standard has learnt.
Sources aware of the matter said the likely base for such
recommendations would be a report last year on IDRs from a panel chaired
by Competition Commission of India (CCI) member M S Sahoo. Whil [….]
Read more at:
Bihar govt to move RBI on banks not opening targeted branches
The Bihar government
will raise the issue of banks not abiding by the decision to open a
branch having a population of 5,000 and above, with the Centre and RBI,
state Finance Minister Abdul Bari Siddiqui today informed the Assembly.
In reply to a question, Siddiqui made the statement and said that
against a target set to open 527 new branches in the state in the
current financial year, only 166 branches had been opened so far. He
said the state government would also exert pressure for [….] Read
more at:
Dynamic base-rate pricing to help new borrowers
In
a move aimed at ensuring faster transmission of rate revisions, the
Reserve Bank of India (RBI) is set to release its final guidelines on
computation of banks’ base rates on the basis of marginal cost of funds.
These guidelines, allowing dynamic pricing of loans as suggested by
banks, are likely to benefit new customers.One suggestion made by the
bankers’ lobby — there are indications that RBI has taken it seriously —
is that pricing of loans should be changed on the basis of
market-linked yields, with [….] Read more at:
Miscellaneous Laws
Singapore pips Mauritius as India's top FDI source
Singapore
has replaced Mauritius as the top source of foreign direct investment
(FDI) into India during the first half of the current financial
year.During April-September 2015, India has attracted $6.69 billion (Rs
43,096 crore) FDI from Singapore while from Mauritius, it received $3.66
billion (Rs 23,490 crore), according to data from the Department of
Industrial Policy and Promotion (DIPP). Foreign investment from
Singapore was $2.41 billion in the year-ago period. According to [….]
Read more at:
Economy & News
RBI Governor Raghuram Rajan optimistic about passage of GST
Optimistic
about the passage of long pending GST bill in the Parliament, Reserve
Bank of India Governor Raghuram Rajan has told American investors that
continued focus on fiscal consolidation and inflation will mean they
will reach their targeted goal. In an interaction with American
financial institutional investors in New York last week at an event
organised by US India Business Council, Rajan said another priority of
the RBI is to clean up banks and their non-performing assets. Rajan said
RBI' [….] Read more at:
India wants WTO meet to take up Bali agenda
In
the run-up to the World Trade Organisation's ministerial conference in
Nairobi next week, India has said it wants the agenda finalised at Bali
in 2013 to be implemented before it makes any fresh commitments. India
is not willing to make binding commitments on new areas such as labour,
environment and competition that the developed countries have been
trying to introduce into the WTO mandate, officials said. WTO's tenth
ministerial conference is set to take place from Dece [….] Read more
at:
Fitch retains India's rating at 'BBB-', forecasts 7.5% growth
Fitch
Ratings has affirmed India's BBB- rating with a stable outlook,
forecasting the country will grow 7.5% in the current fiscal and 8% next
year. "India's positive GDP growth outlook stands out globally," the
New York City headquartered ratings agency said in a statement. It said
growth is supported by the government's beefed-up capital expenditure
and gradual implementation of a broad-based structural reform agenda.
Indian economy expanded 7.2% in the first half of the fiscal and [….]
Read more at:
DIPP deputes delegation to assess impact of floods on industry
The
Department of Industrial Policy and Promotion has deputed a high level
inter-ministerial delegation and industry representatives to Tamil Nadu
to assess the impact of floods on industry. "DIPP's High Level Central
delegation will device support mechanism for speedy and quick revival of
TN industries affected by #ChennaiFloods," the DIPP said in tweets. The
recent floods in Tamil Nadu and Puducherry have caused injury and loss
of lives on a big scale. Auto majors Hyundai, Ford [….] Read more at:
India, US take stock of bilateral relations
India
and US today took stock of their bilateral relations including those of
strategic interest. Foreign Secretary S Jaishankar and US Deputy
Secretary of State Antony Blinken deliberated on a range of key issues
of mutual interests as part of the India-US Foreign Office Consultation.
Jaishankar and Blinken also reviewed implementation of decisions taken
during US President Barack Obama's visit here in January besides
reviewing the security scenario in the region. India and the US had
[….] Read more at:
Thanks & Regards,
Meetesh Shiroya
No comments:
Post a Comment