The government has increased the existing limit of the Employees Deposit Linked Insurance (EDLI) amount from Rs 60,000 to Rs 1 lakh. The amount will be paid to the next of kin of an employee in case of his death.
After banks, it's the turn of housing finance companies to have a more transparent regime for pricing of loans. The National Housing Bank (NHB), the regulator for these companies, is working on a system that is similar to the base rate regime introduced for banks recently.
Data shows almost all the initial public offers and the follow-on public offerings that hit the market in the current calendar year saw the employee quota receiving only a handful of applications, even as the overall issue was subscribed more than once.
Firms with strong cash flows not happy with 25% public shareholding rule.
Not many are keen on diluting further promoter stake and delisting attempts do not have an impressive record in the country.
'I think RBI has been phenomenally responsive to ensure there is ample liquidity in the system.'
The deterioration in the market mood has directly impacted fund-raising plans of real estate developers, many of whom have either delayed their initial public offers or have decided to go slow.
Nagendar Parakh, the senior-most chief general manager of Sebi, filed a petition in the Mumbai High Court on May 3 challenging Sebi's decision of denying him a promotion as an executive director even while junior officers were being elevated.
Real estate companies appear to be the worst hit by the ongoing global uncertainties, coupled with the new norms for primary market issuances.
The European economic crisis could be an opportunity for Indian corporate houses. Leading investment bankers say assets, globally, are available at attractive valuations and the rise in domestic stock prices has added more strength to balance sheets of Indian companies.
The Securities and Exchange Board of India plans to tighten the rules for transfer of sub-accounts by foreign institutional investors.
Sunil Sanghai, the head of the investment banking team speaks on Goldman Sachs' India plans, mergers and acquisitions, and the regulatory arena.
Institutional desks of many brokerages in India are in the process of selling about Rs 2,000 crore worth of equity holding of bankrupt US investment bank Lehman Brothers Inc in some Indian companies.
Insurance and investment are two different needs. Then, there are Ulip pension plans with no sum assured. No wonder, there is confusion.
The Securities and Exchange Board of India has started the process of identifying new executive directors.
Delay your asset reallocation, take a call on debt after a few months.
With the financial year coming to an end, one needs to start proper planning for the new one.
Go for short-term debt funds and fixed deposits, delay home or auto loans.
Thirty per cent of the firms - mostly big companies - had no ceiling on the gratuity amount.
The common man's main grouse is high inflation numbers. But there are other anomalies as well that need to be addressed.
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