Smart order routing (SOR) has finally taken off in India, with the country's two premier bourses resolving their long-standing dispute over the audit trail of orders. SOR allows brokers' trading engines to automatically choose the best price for stocks from multiple exchanges.
To make its stock market investments transparent and avoid further controversy, Life Insurance Corporation (LIC) has discontinued deals that were first negotiated over the telephone and then executed on the stock exchange platform, according to brokers familiar with the matter.
The management graduate from IIM-Ahmedabad has been with ICICI group for over 15 years. She is likely to be replaced by Anup Bagchi, executive director at ICICI Securities, sources said. Both Buch and Bagchi are also ICICI Securities board members.
Life Insurance Corporation (LIC), one of the largest institutional investors in the Indian stock market, has become active on the bourses again. This is after a brief lull last month following the bribe-for-loan scam and questions around its stock market dealings.
Revival in demand for IPOs has prompted the companies to tap primary market.
Investors are shying away from securitised loans of micro-finance institutions (MFIs), as the ordinance issued by the Andhra Pradesh government has slowed recoveries, creating uncertainty around the underlying portfolio.
The index compiler will add Coal India's stock into FTSE All-World Index and FTSE All-Emerging Index on a fast entry basis.
Emerging markets guru Mark Mobius believes the Indian market is no longer cheap but the country has been enjoying a premium over peers due to its growth prospects. In an interview with Business Standard, the executive chairman of Templeton Emerging Markets Group says India's relatively strong fundamentals and accumulation of foreign exchange reserves put it in a much stronger position to weather external shocks.
The Securities and Exchange Board of India (Sebi) is unlikely to clear Vedanta Resources and Sesa Goa's open offer to the shareholders of Cairn India till the government approves the Cairn-Vedanta deal, according to officials familiar with the matter.
Sebi bars non-compliant FIIs from taking fresh positions.
Foreign investment highest ever in dollar terms in a single calendar year
Investment bankers have dismissed the capital market regulator Sebi's concerns over near-zero fee for managing public sector issues.
If implemented, it will be the first commodity exchange to offer such a facility.
Sure, a few listings like those of SKS Microfinance and Gujarat Pipavav have seen significant investor interest, but experts say it's too early to signal a primary market revival.
It should be made mandatory for customers to write their name, application number and contact number on the reverse of the cheque.
All retail investors may get to sell out, that too at the same price as promoters.
Firms with strong cash flows not happy with 25% public shareholding rule.
The chocolate may turn a tad bitter for Cadbury India. In a clear victory for the chocolate maker's minority shareholders, Ernst & Young (E&Y)--the Bombay High Court-appointed valuer--has recommended a 30 per cent premium to the company's valuation than what was prescribed by two independent valuers, Bansi S Mehta and SSPA.
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