Market watchers believe that the change in guidelines fly in the face of some of the recent initiatives taken by the government, such as easing norms for foreign portfolio investors.
During the debate on the 'Motion of Thanks on the President's Address', Leader of the House Piyush Goyal and Union Finance Minister Nirmala Sitharaman strongly objected to 'insinuations' against the prime minister, who was also present in the House.
This is being done keeping in mind the urgency of these transactions, and it would help the ongoing insolvency cases, including the 12 accounts referred by RBI to banks.
The Parthasarathy Shome committee gives its second reform report to finance ministry.
Finance firms in these SEZs likely to get tax breaks.
IT exporters were the top gainers amid a weak rupee along with select index heavyweights.
Demonetisation is the biggest reason for the rise in preference for small savings.
Uber says it is engaging with state govt to explain why its business model encourages savings for customers.
Most Asian markets were trading weak on Monday.
The move will likely attract more retail investors.
Moving from pricing control to a free market means stiff competition.
Sebi, however, allowed wilful defaulters to make counter-offers to avoid hostile takeovers
Investors globally pulled out more than $3 billion from equity funds focused on Emerging markets including India in a week amid concerns over the US Federal Reserve's plan of curtailing its stimulus drive starting later this year.
A glance back at some of the important ups and down Indian Inc faced in 2018.
Regulator probing jewellery houses for violation of collective investment scheme rules, says Shrimi Choudhary.
The move, amid a rise in slippages from restructured assets, is aimed at resolving stress in the banking system.
DFS writes to departments that haven't responded to RBI's request for information.
The panel is believed to have examined each financial transaction between the Kochhar family and Videocon group, and the suspected trail of properties and assets that the family acquired since Chanda Kochar became ICICI Bank's MD.
BSE Power, Healthcare, Capital Goods, FMCG and Metal indices gained between 0.6-1%.
Sebi also plans to examine if any comments made by company officials or the bankers could have misled investors.
Sebi asked to reconsider open offer nod as KFA was identified as wilful defaulter.
'The critics are getting carried away.' 'The challenge for the RBI is not any erosion of autonomy caused by demonetisation.' 'It's the whole attempt to reduce the RBI's stature and role that has been under way,' says T T Ram Mohan.
Wilful defaulters will not be allowed to take up board positions in any company.
Last week, Sebi made amendments to key regulations that govern capital raising activities to ensure that wilful defaulters do not get access to capital markets
The government is unlikely to come up with the IPO of Life Insurance Corporation (LIC) in the current financial year ending March 2022, as the valuation of the state-owned behemoth is taking more than anticipated time, and the preparatory work is still far from complete. There are still some issues that need to be addressed with regard to the valuation of LIC, a senior official of one of the merchant bankers said. Even after the valuation, there are several regulatory processes that have concluded, the official said.
The recent default on deposit payments by a couple of Yash Birla Group companies has brought to surface difficulties an investor has to face in recovering his money.
A total of 49 companies raised Rs 81,615 crore in Samvat 2077, more than the preceding four years and almost double the amount raised in the previous year. Samvat 2078 appears even more promising with mega issues of Paytm and Life Insurance Corporation (LIC) of India. However, Paytm's record could be short-lived as state-owned LIC is planning to launch a Rs 1-trillion IPO by March 2022.
The 21st meeting of FSDC comes against the backdrop of the economy hitting a six-year low growth rate of 5 per cent in the first quarter of 2019-20. Even some of the macroeconomic data for the second quarter does not portray an encouraging picture of the economy.
Fintechs need to behave with responsibility and transparency. A lot of mis-selling has been happening. Other issues have been plaguing the fledgling industry -- high interest rates, even higher processing fees, harsh collection process and, most critically, data leakage leading to rampant frauds, points out Tamal Bandyopadhyay.
A chunk of divestment till now has come from follow-on offerings in the Centre's two ETFs, Bharat-22 and CPSE. Now, there will be initial public offerings of Mazagon Docks, rail companies RVNL and IRFC and MSTC.
Raghuram Rajan explains the rationale for his policy stance and other issues.
The move to allow payments through digital wallets could give a fillip to distribution and reach for these investment vehicles, say experts.
Does away with much of auction process in this market and reinvestment checks
"I am an academic and I have always made it clear that my ultimate home is in the realm of ideas," Rajan said in a letter to staff.
Scams happen with high regularity because the price of getting caught is insignificant. Aggrieved investors run from the police to already clogged courts to find redress for issues for which financial regulators have been specifically set up. For over 3,750 years we have known what to do, but we don't do it, observes Debashis Basu.
Deepak Narang, executive director of United Bank of India, speaks on Vijay Mallya's 'wilful defaulter' status.
Despite all the incentives, the start-ups' mega event fell short of expectations
Previous peak in 2010 crossed in first five-and-a-half months this year.
An early choice will also allow Mr Rajan to do some hand-holding.
'The banking sector appears to be on course to recovery,' declares the RBI governor.
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