at the very Core of it all … is Content!
Reliance General Insurance Company Limited (RGIC) filed its Draft Red Herring Prospectus (DRHP) with the market regulator SEBI seeking permission for its Initial Public Offering (IPO). RGIC is one of the leading private-sector general insurance company’s in India. The IPO comprises of an offering of up to 67,079,979 equity shares of face value of Rs. 10 each (“Equity Shares”) …
MUMBAI, 27th July, 2016: YES BANK, India’s 5th largest private sector Bank, has received an in-principle approval from the Securities & Exchange Board of India (SEBI) to sponsor a Mutual Fund and to setup an Asset Management Company (AMC), and a Trustee Company. The AMC and the Trust Company shall be set up as wholly …
Kolkata: The new government at the Centre has catalyzed increased volume of trading in the stock market. The number of clients, who traded on the exchanges between January and April this year, has almost doubled between 16 May and 15 June, Dr V R Narasimhan, Chief, Regulations, National Stock Exchange of India Limited, disclosed during …
Kolkata, January 6, 2014: The Institute of Chartered Accountants of India (ICAI) felicitated newly enrolled members and distributed certificates to the rank holders at a convocation in Kolkata today. Chartered Accountant (CA) Subodh Kumar Agrawal, President, ICAI, addressing a press briefing said, “The primary goal of the ICAI would be to uphold public confidence …
India Infoline Finance Limited is currently led by Mr. V. K. Chopra, ex-CMD of SIDBI and Corporation Bank India Infoline Ltd (IIFL Group), India’s leading financial services provider, today submitted its application to the Reserve Bank of India for Banking Licence. IIFL proposes to convert its existing NBFC, India Infoline Finance Limited, into a …
It was a highly-volatile market session with indices ending near the day’s low. This is the second straight day of losses for the benchmark indices. Sentiment was dampened after the rupee depreciated 30 paise against the dollar, touching a three-month low of 55.2975. Selling pressure further intensified as investors tracking weakness in the European markets …
BSE and NSE, two premier stock exchanges of the country, have done precious little to establish regular communication channels with each other despite clear indications in the past that it can have disastrous consequences for market integrity and investor protection. We have still not forgotten how ‘freak’ trades on NSE by a broking firm had …
The Securities and Exchange Board of India (SEBI) has proposed that the SEBI Act be amended to provide for effective mechanisms for recovery of monetary penalties imposed by SEBI in such manner as may be specified by regulations or if found expedient as per provisions of the Income Tax Act through a reference to the …
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 …
Ever heard of a company doing more than what it is required to do statutorily? Particularly, when there is a cost attached to it. I do not rule out a few stray examples of responsible corporations which have committed resources for the social sector but by and large companies prefer to play by the rule …