The unconventional music of the Nobel Laureate might have nothing connecting Indians to it, but there is a reason he has a following here, notes T C A Srinivasa Raghavan.
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.
'I have very little faith in economists who tell me that demonetisation will reduce growth.' 'The greater effect of demonetisation is if it creates changes in the financial services system and gets people to shift from cash.' 'The economy is not a trained monkey that will jump around if you lower rates.'
Sarojini Damodaran Shibulal, the 57-year old CEO of Infosys, is a true geek.
Borrowers wanting to prepay home loans can look forward to some relief as RBI on Tuesday indicated that it would scrap prepayment penalties charged by banks.
Panel has recommended that banks give an option to open a plain savings account, without mandating a minimum balance.
Sweeping reforms mooted; feedback open till Aug 27.
Get your lowdown on what's happening in the world of Malayalam cinema.
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 film ends up being a cross between a spoof and a mimicry show.
An eight-member jury, chaired by M Damodaran, the former chairman of Sebi, IDBI and UTI, nominated the finalists who will be felicitated on February 7.
M D Mallya was chosen by a five-member jury headed by Securities & Exchange Board of India's former chairman, M Damodaran, for BoB's sterling performance over the last couple of years.
The film is directed by reknowned lyricist Kaithapram Damodaran Namboodiri.
Mohammad Asif may be dropped from an Indian film in which he was supposed to play a cricket coach after it emerged he was one of the three Pakistani players embroiled in a spot-fixing scandal.
'This may be good news for Rahul Gandhi, for no matter how Modi performs, there will always be some degree of dissatisfaction with his performance among large sections of voters,' says R Jagannathan.
A six-member jury headed by former Securities and Exchange Board of India chairman M Damodaran will declare the winner of the award for 2009 on February 16 in Mumbai.
Chennai Super Kings may not be playing its home matches at the M A Chidambaram stadium in Chennai anymore, but they will not be short on support, as fans are travelling to Pune to cheer them in Friday's Indian Premier League match against Rajasthan Royals.
Communist Party of India (Marxist) Kerala secretary Pinarayi Vijayan, arraigned as an accused in a graft case relating to awarding of contract to a Canadian firm during his tenure as Power Minister in 1998, was on Wednesday granted bail by a CBI special court in Kochi.
Polling in Vellore was scheduled on April 18.
"This decision of removing initial issue expense will make close-ended mutual fund schemes less expensive for retail investors", Sebi chairman M Damodaran said while briefing reporters after the board meeting. The Sebi board also cleared the draft proposal for listing of debt securities, ease disclosure norms for existing debt market securities and paved the way for permanent registration of capital market intermediaries.
Most independent directors have mastered the art of nodding whenever the chairman says anything.
Some of the world's biggest foundations, including Bill & Melinda Gates Foundation, pension funds such as CalPERS, university funds and endowments are registered as foreign institutional investors with the Securities and Exchange Board of India for several years now.
Bhave, a former civil servent, had headed the country's leading depository, National Securities Depository Limited, and was one of the first senior executive directors to come on Sebi's board.
Sebi has signed an MoU with its Pakistani couterpart to enhance cooperation between the two countries.
The genesis of the arbitration lies in a bitter public battle that began in July when Rakesh Gangwal wrote to capital market regulator Sebi alleging lack of corporate governance in the company. He alleged that Rahul Bhatia, who holds controlling power of the company, had used it to execute questionable related-party transactions.
On December 17, Sebi put out a note on the introduction of new products in the futures and options segment. That was followed by permission for short-selling by institutional investors on December 20, stating that the securities lending and borrowing mechanism would be put in place along with short-selling, which will begin from February.
The Sebi board, which met in Chennai, approved introduction of these new derivative products based on the interim recommendations made by a committee on derivatives headed by M Rammohan Rao. The new products will relate to mini-contracts on equity indices, options with longer life/tenures, volatility index and F&O (futures & options) contracts, options on futures, bond indices and F&O contracts.
Not all change is good, but this one is, applauds Shekhar Gupta.
In the midst of the move to check flow of anonymous foreign funds in the bourses, market regulator Securities and Exchange Board of India said on Thursday there was no evidence of terror money coming into capital markets.
The Sebi board has cleared new categories of FIIs; they will be put on website shortly. Sebi has received a large response from both India and abroad on its proposals to restrict Participatory Notes. The 18-month time frame given for FIIs to wind up derivatives-based P-Notes is enough, M Damodaran, Sebi chief said.
The asset manager is yet to resolve the impasse surrounding the payment of pension to its erstwhile employees who had opted for voluntary retirement in 2003.
The chairman of the Securities and Exchange Board of India, M Damodaran, said on Wednesday public sector companies will have to comply with Clause 49 of the listing agreement for stock exchanges. However, few government-owned companies have met the Clause 49 stipulation (the table shows the state of play in some large government-owned companies).
Regulators have to essay a facilitating role while simultaneously ensuring that rules are simple, easy to understand and help in orderly conduct by corporates, the Securities and Exchange Board of India chairman M Damodaran said.
The market watchdog along with other regulators is developing bond markets and the current limit on foreign participation in the this markets will move away as the market develops in the next 12 months, said Sebi Chairman M Damodaran.
The Securities and Exchange Board of India will increase overseas participation in the Indian stock markets and is planning two specific measures in this regard, Sebi Chairman M Damodaran told Business Standard in an exclusive interview.
The Uttar Pradesh Stock Exchange may get permission from the Securities and Exchange Board of India for taking membership of the National Stock Exchange, NSE, as Bhave, the new Sebi chief, seems to be cooperative on the moves that had earlier been opposed by his predecessor. M Damodaran had, almost eight months back, rejected the application of the Madras Stock Exchange for a tie-up with the NSE. But after Bhave took over, this permission has been granted.
The institute would have six different schools with various topics and train and educate investors on market, Sebi Chairman, M.Damodaran, said, interacting with the members of various associations in Coimbatore on Monday night.
Shaw and Aditya Tare (82 off 48 balls) toyed with a pedestrian Assam attack to help Mumbai post a massive 206 for 5 in the Group 'D' match.
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