After a disastrous 2011, stock market investors are pinning hopes on next year. Top sell-side analysts believe though there is more pain ahead, 2012 is likely to end on a positive note.
If the new Companies Bill becomes law, 10 of the 30 Sensex companies will have to look for new auditors.
The finance ministry has directed the Central Board of Direct Taxes to put in place a framework for an Advance Pricing Agreement mechanism, two officials familiar with the development said.
Its first and only investment in India out of its Asia-dedicated fund has gone bad.
A Rs 40,000-crore (Rs 400-billion) shortfall in the Budget for 2011-12 is looming large and the market doesn't appear stable enough to absorb even a fraction of it.
Products structured on real estate and promising over 20 per cent annual returns are gaining popularity among wealthy investors.
It may not be a war cry yet, but the voice is definitely getting shriller.
Regulation 3 (3) of the new law, which deals with open offer obligations of persons acting in concert, has increased the liabilities of promoter group shareholders beyond what was conceived by the Achuthan committee, according to three experts, including two who were part of the committee.
The move was not good for companies which have capital expenditure plans laid out.
The Ministry of Corporate Affairs (MCA) told a litigation court that both entities were bound by Sebi regulations, as the money raising by the erstwhile Sahara India Real Estate Corp (SIRECL) and Sahara Housing Invest Corp Ltd (SHICL) would come under the definition of public issue.
The National Stock Exchange, Bombay Stock Exchange, MCX Stock Exchange and United Stock Exchange have been invited for the August 6 meet.
The public issue pipeline is at its driest in two years. According to the website of market regulator Sebi, only 11 companies have filed for initial public offerings between April and June.
IRFC, NHAI, Hudco and others to hit the market in next few months.
Muthoot Finance's method of raising money through gold bonds has been questioned.
All existing instruments in e-form by September 30; move to affect 200,000 companies
An investment banker handling the PSU issues said, "When employees pick application forms, these typically have stamps of brokers. But there was no clarity who will bear the cost. Now with this provision, government will pay 25 bps. It is lesser than retail because there is often no marketing effort from the broker, as a lot of it is done by the company itself."
Barely five days after he was hired by Speak Asia as its legal adviser, Ashok Saraogi withdrew from the case last Friday.
Most of the top investment banks will be rendered ineligible to manage the coming initial public offering (IPO) of National Building Construction Corp Ltd (NBCC) if the new rules for appointment of advisors are implemented.
The new guidelines restrict bankers not just from advising private sector companies in the 'same line of business' on public issues.
In March, the Registrar of Companies, Uttar Pradesh and Uttarakhand, based in Kanpur, sent a notice to Sahara India Real Estate Corp for using a third party's bank accounts to receive funds from investors.
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