The committee said that promoters will have to make mandatory disclosures when they raise finances by pledging their shares. This is because lenders ask promoters to pay additional margins when the value of the shares pledged as collateral falls.
Sebi has launched a coordinated investigation with the Registrar of Companies to examine transactions between Satyam and its bankers BNP Paribas, Citibank, HSBC, HDFC and ICICI Bank
Satyam fiasco may prompt market regulator to be stricter with promoters.
The fact that Satyam's reputed auditors kept quiet while it cooked its books is reminiscent of the Enron-Andersen days.
ADAG, Mahindra BT, L&T Infotech may team up with PEs.
President & CEO of IDFC Private Equity Group, Luis Miranda, spoke on various issues relating to private equity in an exclusive interview with Rajesh Bhayani.
Most independent directors have mastered the art of nodding whenever the chairman says anything.
Mutual fund investors may soon have to give separate cheques to distributors as commission.
BPOs can transform the face of rural India if they can retain even a small proportion of educated youth in villages.
FMCG firm Marico's success lies in its ability to pick its fights, exiting areas where MNC competition is high and concentrating on creating niche segments instead.
May bar premature withdrawals from fixed maturity plans.
These choices are going to be made available to Indian fund houses by S&P's index services division through India Index Services. ETF is a passive fund wherein investments are made in index companies as per their individual weightage. In times of uncertainty, betting on indices rather than individual companies helps. Index-based products thus become popular.
Sebi likely to come out with a policy paper soon.
The Securities & Exchange Board of India has decided to conduct a survey to find out why investors are staying away from the securities market. This is the first time that the market regulator is planning such a survey of investors.
In a key change in its stance, the Securities and Exchange Board of India said it is keeping its options open on banning short sales, which a section of brokers believes are responsible for the collapsing stock market. The benchmark Bombay Stock Exchange Sensex fell below 10,000 Friday, the first time since July 2006.
The last two days' recovery in commodity prices has done little to ease all-round fears of a global recession following the sharp dip in prices over the past three months. Nor are things likely to improve soon.
A representative of a large FII having a huge share in the issue of P-notes said that these relaxations are "no big deal". The 40 per cent limit on investments through P-notes was not a hurdle as selling by FIIs in the last three quarters have been so huge that most of them have enough leg room for issuing fresh P-notes.
Forward contracts are settled by CCIL, but there is no guarantee that the parties may comply with CCIL's terms. "We have proposed to RBI to allow us to provide a guarantee for forward deals," said CCIL Chairman R H Patil. With the CCIL guarantee, banks providing products to currency hedgers, will benefit as they will have to make a lesser provision towards capital adequacy.
CEOs must answer this question from employees if change initiatives have to be successful.
Companies are developing a surrogate education system to create a skilled labour pool.