After holding discussions with the FM, the Sebi chief said the government thought it was an opportune time to levy the LTCG tax as the "markets are booming."
Sebi's move will help curb the illicit practice of keeping the parent company's account clean while maintaining debt in its subsidiaries.
If India Inc sincerely feels the separation of posts is not a good governance measure, it must spell out its doubts clearly to Sebi and give cogent arguments rather than mundane ones like India is different, argues J N Gupta, member, Kotak committee on corporate governance reforms.
While retail sales at dealerships have suffered the full impact of demonetisation, the growth in wholesale volumes comes as dealers had relatively lower inventory after Diwali in October.
Another negative surprise in HCL's numbers was the decline in the margin by 40 basis points to 21.4 per cent.
'Put the assets of PMC Bank and the personal assets of the HDIL promoters and head of PMC Bank in an escrow account and ring-fence it from the ad hoc action of the revenue departments and creditors,' recommends Debashis Basu.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The Network18 stock is down 4.2 per cent after the declaration of results to Rs 49.50 currently.
Will Infy spring a surprise in subdued second quarter?
Lower fuel subsidy payouts might restrict gross fiscal deficit in FY15.
Now govt employees to enjoy greater say in how their NPS corpus is invested. Younger employees should raise their allocation to equities in this very long-term investment instrument
Of BSE 500 companies, promoters of 142 companies have pledged their holding.
As the government plans to take sector-specific steps to tackle the slump, Finance minister Nirmala Sitharaman will soon hold talks with representatives from various sectors to get and take steps so that the confidence of those sectors can be restored.
HT Media Ltd, which is planning to launch a Mumbai edition of Hindustan Times in mid-2005, filed a draft red herring prospectus for its proposed initial public offering with Securities and Exchange Board of India.
The resignation is sure to create more political firestorms for the government as it comes on the eve of the winter session of Parliament where the Opposition has already made it clear to the treasury benches that infringing on the RBI autonomy would be a big talking point for them.
New Delhi Television Ltd has filed a draft red herring prospectus with Securities Exchange Board of India for its initial public offer of Rs 100 crore (Rs 1 billion).
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The latest results suggest Tata Steel Europe may have lost pricing power, though production and turnover are up.
In July-Sept 2016-2017, TCS had missed street expectations with 7.8% growth in revenue.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Higher dividend taxes, falling valuations make alternative shareholder payment attractive.
It was because of strong inflows into debt-oriented schemes that saved 2019 from being a "dark-dull year of investing" as inflows into equity funds has dropped this year due to a volatile market.
The company will finalise the final pricing for allotment of shares later.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Revenue from its IT services business rose 9 percent to $1.86 billion.
Both benchmark indices were driven by strong gains in IT, teck, oil and gas, pharma and banking shares amid earnings optimism.
Coming down heavily on MF players who in recent past chose to use shareholder fund to buy out debt of bleeding invested companies, Sebi said MFs can't have standstill agreements with companies and will take action against fund houses for such deals.
This is the biggest IPO in the Indian market since Bharti Infratel's over Rs 4,000 crore public offer in December 2012.
IndiGo has a fleet of 98 aircraft and about 75 of them are on operating lease.
Investing in start-ups can be highly rewarding, but direct investing is not meant for everyone. For the majority of wealthy investors, taking the private-equity route could still be the better option.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
In other debt-oriented funds, retail assets jumped from about Rs 45,000 crore to Rs 64,000 crore.
Nifty has a virtual monopoly in the index derivatives segment.
Sebi takes 6 merchant bankers to task for lapses in IPO
After a long time, real estate companies could hit the fund-raising trail. The reason is improvement in investor sentiment.
Investment bankers handling the IPO had said marquee global investors made big-ticket applications.
The 30-share Sensex dropped 298 points to end at 27,209 and the 50-share Nifty has lost 93 points to end at 8,174.
India must first improve working condition, then it can concentrate on Make in India concept.
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