The exchange will unveil a ticker showing live quotes and news flashing on a huge video screen.
Market regulator Securities and Exchange Board of India on Saturday said it has received several letters from Reliance Industries vice-chairman and managing director Anil Ambani
UTI AMC on Friday dismissed reports that its former chief M Damodaran had awarded 'undue favour' to some executives, saying it has initiated a new performance-based compensation package in line with the recommendations of an HR consultant.
Sebi has taken note of mis-selling in the financial sector and is planning to regulate the distributors, the only unregulated part of the MF industry.
Dutta was president of United Airlines, where he worked for nearly twenty years. He also served as the president of Air Sahara for two years. Moreover, he was an advisor to the restructuring of both Air Canada and US Airways.
The Securities and Exchange Board of India will put in place a comprehensive Integrated Market Surveillance System by February-March as part of efforts to keep a better vigil on the sudden surge or fall in share prices.
The annual earnings of a non-executive chairman of a PSB is capped at Rs 10 lakh, inclusive of fees for attending board meetings. This is way below the compensation of the chairman of any private bank, reveals Tamal Bandyopadhyay.
Painting a positive outlook of the Indian capital market, the new SEBI chairman M Damodaran on Friday asserted that the bourses were better regulated now than in the past and his attempt would be to take it forward.
The practice of granting corporate governance (CG) rating and bestowing CG awards should be kept "on hold" till a large number of Indian corporates imbibe these norms in substance, IDBI chairman M Damodaran said on Wednesday.
As a part of efforts to curb intra-day volatility in share prices, SEBI on Tuesday announced a separate 'Block Deal Window' at the NSE and BSE to execute such big deals transparently within half-an-hour of morning trade.
R H Patil was on Thursday appointed chairman of UTI Asset Management Company, the country's largest mutual fund.\n\n
The Industrial Development Bank of India will start its retail banking operation with 100-odd branches from April this year, its chairman M Damodaran said in New Delhi on Tuesday.
UTI Mutual Fund will shortly launch auto sector fund and portfolio management scheme (PMS) even as it forged a tie-up with Corpration Bank to distribute mutual fund schemes through the latter's branch network in the country.
The Unit Trust of India Asset Management Company on Saturday called for a lower tax regime for mutual fund industry for the benefit of average investors.
UTI Mutual Fund has targeted to raise at least Rs 5,000 crore by distributing its products through bank branches over the next 12 months.
UTI Asset Management Company is planning to come out with an initial public offer by selling 60 per cent of its holding to the public, its chairman M Damodaran said in Kolkata on Monday.
UTI MF will also launch six more schemes as part of its growth plans.
Unit Trust of India Mutual Fund, which commenced operations at the beginning of this month, is targeting to double its Assets Under Management to Rs 30,000 crore (Rs 300 billion) in the next 12 months, chairman and managing diector M Damodaran said.
UTI-I will not offload its holding in UTI Bank Ltd and instead be part of the UTI brand to exploit business synergies.
Finance Minister Jaswant Singh said on Tuesday that the government was committed to appointing a professional to head the UTI-II, which runs all the net asset value based schemes.
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