The total default is said to be in excess of Rs 3,000 crore - making this the largest default by a broker.
Maximum promoter holding to be eligible for reclassification to be raised from 10% to 15%; waiting time to be brought down to one month from three.
The move will increase working capital requirement for brokers, raise the work load on the system and will leave little room for contingencies.
Do a proper asset allocation and invest through systematic investment plans where one can benefit.
While Airtel has hiked the limit to 100 per cent in principle, the company needs to address some issues on overseas investment limits in subsidiaries, before the changes come into effect. Until then, the cap on foreign ownership will remain at 49 per cent under the automatic route.
The Finance Act, 2020, has inserted a sub-section, mandating a seller to deduct tax equal to 0.1 per cent of sale proceeds if the value of goods sold exceeds Rs 50 lakh in a financial year.
The markets regulator, Securities and Exchange Board of India (Sebi), recently introduced fresh guidelines to determine the place of a mutual fund (MF) on its riskometer tool.
Despite taking a hit on profitability amid the pandemic, companies with strong balance sheets are gaining market share because of consolidation in their respective sectors.
Market observers also said the approvals depended a lot on the funds themselves, and the extent to which they followed the new norms introduced last year.
The NSE held 25 to 100 per cent stakes in these entities through its subsidiary NSE Investments as of September.
T'I am not going to buy small- or mid-cap stocks at very high valuations if it doesn't make sense for the investors.'
This is aimed at improving liquidity in all schemes and would help them to meet sudden redemption pressures, said Sebi chairman Ajay Tyagi.
As a result, the deadline for filing June quarter results ends on August 15. However, only 1,538 companies out of the 4,000-odd listed firms managed to declare their results within the usual deadline.
Such businesses outperform non-family firms by 3% in first six months of CY20, says Credit Suisse report.
China is the world's second-largest - both in terms of GDP and m-cap. At $10 trillion, its m-cap is second only to the US at $38 trillion.
Several brokers used shares of dormant or inactive clients to provide margins for other more active clients. This prompted Sebi to rework its entire system of pledging.
Market players said the new norms were more suited for online brokers, where clients were typically internet savvy.
The issue also underscores the growing scrutiny by investors and voting advisory firms of the performance of board members.
In the past four months, more than 4 million new accounts have been opened, taking the total to 44.3 million.
The V-shaped rebound has been aided by a gush of liquidity flooding the global financial system, thanks to balance sheet expansion.
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