The Sebi Act deals with securities and the definition of securities, according to the Securities Contracts Act, doesn't include commodities.
Laxity in enforcing KYC and allied norms suspected; money laundering gaps also on probe panel's mind
After defaulting for a consecutive time in paying its investors, National Spot Exchange Ltd (NSEL) got a Rs 177-crore (Rs 1.77 billion) lifeline from its main promoter, Jignesh Shah-run Financial Technologies.
Slew of resignations at NSEL over past month in the wake of scrutiny; MCX gaps caused by new-age norms for commexes.
Exchange to reply to FMC's letter soon, CEO says buyers can't be declared defaulters where there is 'market disruption'.
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Q1 results indicate more pain ahead, as slowdown has spread to more sectors, pricing power has come down and rising interest cost is eating into profits.
Brokers have only kept guarantees for which they have open positions.
Imports in July 2012 were 65 tonnes, said a bullion analyst.
Govt restrictions on import biting deep; trade petitions for relief with units, workers idling.
Ratio trading in gold and silver prices is a trading tool.
However, other commodities yet to see meaningful recovery in global markets
Gems & jewellery exports seen rising, too, as demand remains strong in all markets except Europe.
Interview with CMD, Motilal Oswal Financial Services
Demand low, regulatory issues seen as bigger hindrances.
Sales growth slows but expenditure control, lower interest burden save the day.
The yellow metal has risen 6.6 per cent since mid-August
The sales growth rate has been a 10-quarter low, dragged by slowdown in the key sectors -- capital goods, construction, infrastructure, non ferrous metals, steel and telecom -- that had contributed to India Inc's growth story in the past.
Sharp rupee fall, interest differential on export finance rates may have led to arbitrage in gold.
Earnings and financial condition of only a few companies influencing sentiment.
Earlier expectations of gold imports touching 1,000 tonnes in 2011 have been belied, with a steep fall in imports in recent months.
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