Manojit Saha And Samie Modak

Stories by Manojit Saha And Samie Modak

Rigged IPOs: Firms flout Sebi directive

Rigged IPOs: Firms flout Sebi directive

Rediff.com   2 Nov 2012

Since 11 months, Sebi has not been able to make these companies deposit the required money in an escrow account.

Safety net would have hit 25% IPOs since '08

Safety net would have hit 25% IPOs since '08

Rediff.com   24 Oct 2012

At least 43 of the 175 issuers would have been hit if proposed mechanism had been in place before the R-Power IPO.

Slew of share sales could hit the market

Slew of share sales could hit the market

Rediff.com   22 Oct 2012

Given the sharp rally in stock prices since September, coupled with robust foreign inflows, share-sale activity by companies is likely to gather pace in the next few weeks.

Sebi may issue trade annulment framework

Sebi may issue trade annulment framework

Rediff.com   12 Oct 2012

While the regulator has set up a group to look into trade annulment framework, it is also probing whether there was any breach of regulation at the broker or exchange level.

Recession eroded $12 trillion of household wealth

Recession eroded $12 trillion of household wealth

Rediff.com   10 Oct 2012

Worst affected were the countries of euro zone, which saw a loss of $10.9 trn

RBI asks govt to extend dy guv Sinha's tenure

RBI asks govt to extend dy guv Sinha's tenure

Rediff.com   1 Oct 2012

Move significant as new banking licences under his purview.

Can't use Kingfisher brand as collateral, RBI tells banks

Can't use Kingfisher brand as collateral, RBI tells banks

Rediff.com   26 Sep 2012

The Reserve Bank of India (RBI) has asked banks not to treat Kingfisher Airlines' brand as collateral since it is intangible. This is because the loan has turned non-performing for most of the banks.

Banks want NPA norms relaxed for housing project loans

Banks want NPA norms relaxed for housing project loans

Rediff.com   24 Sep 2012

Seek easing of asset classification guidelines for better credit flow.

FinMin pours cold water on RBI's plan

FinMin pours cold water on RBI's plan

Rediff.com   24 Sep 2012

The sources said the ministry had agreed with the RBI's views that at a time when the country had a high fiscal deficit, the move might not be appropriate.

Market sees sunshine as GAAR clouds disappear

Market sees sunshine as GAAR clouds disappear

Rediff.com   3 Sep 2012

The government is trying to send a signal it wants to stimulate the economy and the stock market.

Short-term corporate loans hit FinMin wall

Short-term corporate loans hit FinMin wall

Rediff.com   18 Jul 2012

In a recent communication to the bank chiefs, the ministry has said all such loans to the corporate sector can be sanctioned only after board approval and need to be backed by securities within six months of sanctioning, failing which the loan would need to be phased out.

FinMin backtracks on bulk deposit cap diktat

FinMin backtracks on bulk deposit cap diktat

Rediff.com   5 Jul 2012

It had asked govt banks to reduce these and certificates of deposits to a combined 15% of total deposits

Sebi may tweak share sale norms

Sebi may tweak share sale norms

Rediff.com   26 Jun 2012

Regulator may relax norms to help companies achieve 25% public float.

PNB reworks deal with MetLife to fit regulatory bill

PNB reworks deal with MetLife to fit regulatory bill

Rediff.com   5 Jun 2012

Lender to acquire 30% after existing shareholders divest stake

Most initial public offerings out of the money this year

Most initial public offerings out of the money this year

Rediff.com   10 May 2012

With shares of most companies listed this year slipping below their issue prices and two initial public offerings (IPOs) already withdrawn, the scenario has remained challenging for the primary market.

New scheme to mobilise forex deposits from NRIs on cards

New scheme to mobilise forex deposits from NRIs on cards

Rediff.com   7 May 2012

According to sources, the central bank is keen on such a scheme to attract foreign exchange, as the country's reserves have seen a depletion in the wake of a weakening domestic currency.

Govt banks can't invest in JVs, non-core ops without approval

Govt banks can't invest in JVs, non-core ops without approval

Rediff.com   5 Apr 2012

Ministry says capital infusion if loans extended only to productive sectors

Rate cut buzz to boost growth gains momentum

Rate cut buzz to boost growth gains momentum

Rediff.com   12 Mar 2012

High crude oil prices, which the central bank perceives as a risk to inflation, may limit the extent of rate cut to 25 basis points rather than 50 bps, economists said.

ICICI, Citi, BoB to form NBFC to fund core sector

ICICI, Citi, BoB to form NBFC to fund core sector

Rediff.com   5 Mar 2012

SBI keeps IDBI waiting for proposal to set up infra development fund

Bankers fret over SBI Caps' Kingfisher loan proposal

Bankers fret over SBI Caps' Kingfisher loan proposal

Rediff.com   24 Feb 2012

In January, banks had rejected SBI Caps' initial proposal on Air India's debt recast, which suggested converting a part of the carrier's debt into cumulative redeemable preference shares, with an eight per cent dividend.