The market regulator is working in association with exchanges and fund houses to iron out the technical aspects of such a system. According to the sources, a series of meetings have already taken place.
Will get powers to levy fines and penalties and allow options trading in commodities.
Banks argued that the competition to import gold on behalf of jewellers is increasing.
There are just 10 mn MF investors compared to 60 mn homes with life insurance.
Piramal Healthcare acquired 4.36 million shares from the open markets through its two promoter companies, PHL Holding Pvt Ltd and Swastik Safe Deposit & Investment.
In mid-May, the European Commission released 2009 data showing carbon emission in the region had fallen 11 per cent over last year, to 1.873 billion tonnes.
Crisil's experience is that these reports improve volumes for the companies covered.
With gold scaling all-time high levels and now trading at $1,241 per ounce, questions arise whether this is the right time to book profit from investment in gold or time to invest more.
DIPP's proposal is believed to have the support of the ministry of consumer affairs, food and public distribution and was originally mooted by the Forward Markets Commission.
Questions market regulator's showcause to insurers on conceptual, legal, structural grounds.
Tells finance ministry to allow companies a five-year timeframe
Economists forecast the benchmark food price indicator to slip to 12 per cent in near future
Interview with Shankar Sharma,VC & Joint MD, First Global.
Index products like fixed-income, volatility and weather to broaden basket for hedging.
India Inc sells a third of carbon credits to middlemen at low rates.
The Securities and Exchange Board of India said it is 'closely watching' investments made by New York-based hedge fund Galleon, whose Sri Lankan founder Raj Rajaratnam was arrested for alleged insider trading on Friday.
The consensus among FIIs is valuation could be a concern going ahead, but that is still some way off.
The Securities and Exchange Board of India plans to tighten guidelines under which promoters make preferential allotments of warrants. The proposals include prohibiting promoters from voting at shareholder meetings at which warrant issues are put to vote and prohibiting warrant issues to promoters who did not subscribe to their earlier warrants.
BSE had been planning to list on the exchange for a while and had approached Sebi for permission to list without an initial public offer. Sebi also has to formalise norms for regulating self-listed companies. Some BSE members were keen on the listing of the exchange so that they could sell their shares.
The Securities and Exchange Board of India is now planning to enable investors to buy and sell mutual fund units through stock exchanges. Fund houses will also be allowed to sell new fund offers (NFOs) through exchanges, helping them to save on distribution costs.