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SEBI Revises Norms with Regard to Exchange Traded Funds to bring Efficiency in Margining of Index Exchange Traded Funds (ETFS) and Facilitate Efficient use of Margin Capital by Market Participants

The Securities and Exchange Board of India (SEBI) has revised the norms for calculating the margins for Exchange Traded Funds. In order to bring efficiency in margining of index Exchange Traded Funds (ETFs) and facilitate efficient use of margin capital by market participants, SEBI vide its circular CIR/MRD/DP/26/2012 dated September 26, 2012 reviewed the margining …

National Institute of Fashion Technology NIFT New Delhi Convocation

National Institute of Fashion Technology was set-up in the year 1986 under the aegis of Ministry of Textiles, Government of India. Since its inception, NIFT has set a benchmark in fashion education, emerging as a premier institute of design, management and technology. Today, through a network of 15 professionally managed centers, NIFT has set academic …

No upside soon in iron ore, says BHP

BHP Billiton chairman Jac Nasser says he does not expect any significant increase in iron ore prices soon, following a year of heavy falls in Australia’s biggest export earner.He also told shareholders at the company’s annual general meeting in Sydney that China’s growth rate would not continue at the same pace, but that was expected.A …

India has the highest number of fraud hit companies after Africa says Kroll report

India has the highest number of fraud-hit companies after Africa, according to a report by global advisory firm Kroll. Fraud risks in India remain above the global average and, outside Africa (77 per cent), the country has seen the highest number of companies affected by frauds at 68 per cent, followed by China and Indonesia …

Govt plans 2% raise in excise duty, service tax

The finance ministry is considering a proposal to raise excise duty and service tax by two per cent to 14 per cent each in the Union Budget for 2013-14. The move is likely to help the ministry collect about Rs 30,000 crore. Certain exemptions may also be rolled back. “It is being debated whether both …

Indians hoard 20k tonnes gold worth record $1.16 trn – Umesh Shanmugam

Indian households have piled up as much as 20,000 tonnes of gold, worth $1.16 trillion, an historic high. This shows that the government’s efforts to trim overseas purchases of the idle asset by imposing an import duty and raising it in short intervals to reduce the current account deficit (CAD) haven’t yielded the desired results. …

Holiday Season Marks the Final Month To Nominate Citizen Heroes for 2013 Honors

Medal of Honor Recipients Search Nationwide for Unsung Civilian Heroes WASHINGTON, November 28, 2012 – This year, as Americans enter the holiday season, The Congressional Medal of Honor Foundation wants to remind you about ordinary citizens who’ve given the ultimate gift – life! The Foundation, representing our country’s greatest military heroes, is searching nationwide for …

allmineral provides the key technology for efficient copper ore processing in Queensland, Australia

The mine operator CUDECO is banking on innovative allmineral technology for processing their native copper. As of mid 2013, the Chinese state company SINOSTEEL will bring into operation ten jigging machines type alljig® for treatment of various particle sizes as an integral part of their ambitious »Rocklands Group Copper Project«. allmineral’s technology, already operated worldwide …

INTERNATIONAL MANGANESE INSTITUTE JOINS TEAM STAINLESS

Team Stainless welcomes the International Manganese Institute (IMnI) to their cooperation between the associations of the stainless steel and alloying element industries. The IMnI provides vision and guidance to the manganese industry by promoting economic, social and environmental responsibility and sustainability for all stakeholders. More information can be found on their website (http://www.manganese.org/). The Team …

BIS, ECB and IMF Publish Third Part of Handbook on Securities Statistics

The Bank for International Settlements (BIS), the European Central Bank (ECB) and the International Monetary Fund (IMF) today jointly released the third and final part of the Handbook on Securities Statistics, which covers equity securities issues and holdings. The aim of the Handbook is to assist national and international agencies in the production of relevant, coherent and internationally …