Consumers will thank the Modi government for this simple yet revolutionary move, which is long overdue, says Debashis Basu.
Finance Minister Arun Jaitley said Sebi would develop new products in the commodity derivatives space apart from taking steps to deepen the corporate bond market.
The ministry is likely to go by the recommendations of a committee on liberalising external commercial borrowings, headed by M S Sahoo, a former director with the Securities and Exchange Board of India.
Sebi has pushed for better corporate governance of listed companies through measures such as the need for a succession policy
Tamal Bandyopadhyay, columnist and author of several books like From Lehman to Demonetisation: A Decade of Disruptions and Sahara: The Untold Story, tells Rediff.com why Yes Bank depositors should not panic and the current crisis at India's fifth largest private lender does not pose any systemic risk.
Sun Pharma was the top gainer after SPARC received Sebi nod to raise up to Rs.250 crore through a rights issue
'EPFO's investments this financial year should be Rs 1 lakh crore'
She said the Centre is allowing demonetised notes in various sectors like railways, aviation, petroleum, etc but not for state government sectors.
The Financial Sector Legislative Reforms Commission had in a report last year proposed a unified regulator for the entire financial sector -- markets, insurance, commodities and pension. It had, however, proposed to keep banking out of its purview for now.
DEA officials to push for this at a meeting with FM Jaitley.
Additionally, promoter Naresh Goyal and Etihad Airways, which owns a 24 per cent stake in the airline, will infuse around Rs 2,000 crore into the airline, sources aware of the development said.
Kolkata's creme de la creme turned up at the launch of Bandhan, The Making of a Bank, but the evening nevertheless had an informal touch typical of the young bank with CMD Chandra Shekhar Ghosh personally welcoming the dignitaries, reports Indrani Roy/Rediff.com.
Rumours about a spike in taxes for equity investors are flying thick and fast.
While regulators are trying to do their bit, the onus is on you to prove it.
Experts say a turnaround may happen after the general elections.
In a meeting with the commerce minister, India Inc hammered Sharma on the collapse of investments, structural nature of the current account deficit and stagnant growth in agriculture.
Better stick to equity diversified funds, says Larisssa Fernand
Ministry considering tax sops for India's first global financial centre, steps to liberalise futures and options markets.
Sebi will join RBI and the government in their fight against bad loans.
'...Unless we muck up our policies.' 'We have to become a modernised economy.' 'Our institutions should be stronger. And that is most important.' 'The rule of law should prevail and contracts should be enforced.' 'Above all, we have to recognise the importance of globalisation.' 'It is in our favour at this stage. We should grow and become globally competitive.'
As all regulators are part of it, individuals don't need to worry about approaching the right authority
Ponzi schemes have characteristics that the informed investor can spot easily.
A roster of the work for fresh cases notified under the order of the chief justice of India will come into effect from February 5 till further orders.
Industry players say they have learnt from the bitter experience of 2008 and have far better checks and balances in place to avoid an encore.
Subrata Roy is in jail since March last year.
With just 10 detectives under his leadership and in about three weeks' time, Senior Superintendent of Police of Uttar Pradesh's Special Task Force Amit Pathak cracked an online digital racket that swindled 600,000 people and is now worth Rs 3,700 crore and counting.
While an impending rate cut is a good reason to enter debt funds, another is the high valuations in equity markets.
Key relaxations traced in final regulations.
CBEC has said a duty-free shop in a Customs area should not be treated as a warehouse.
That's all it takes to protect an institution -- just one person with no past and no greed for the future, says Shekhar Gupta.
Many people struggle to claim or liquidate investments and insurance policies due to procedural issues.
Gains in financial shares capped further downslide.
'My sense is that we should be braced for a correction.' 'It has already begun in the mid-caps for the past month, and will now spread to larger stocks as well.' 'Use the correction to upgrade the quality of your portfolio,' advises Akash Prakash.
To minise wasteful administrative costs, number of enterprises in strategic sectors will ordinarily be only one to four; others will be privatised/merged/brought under holding companies, she said.
Completing its over a-year-long probe into Saradha scam, the Serious Fraud Investigation Office (SFIO) has submitted its final investigation report to the government, which may soon start prosecution proceedings for numerous serious violations found during investigations.
From Ranbaxy to Religare, Aashish Aryan takes you through a maze of legal cases involving Malvinder Mohan Singh and his younger brother Shivinder Mohan Singh. Both are in police custody following a complaint of fund siphoning.
'The amount involved could as high as Rs 3,500 crore as there are a lot of depositors.' 'Yesterday, I met an investor who put in Rs 4 crore. That man doesn't have Rs 2,000 to spend on medicines.'
Governments must give companies a hearing before blacklisting them.
The 91.9 per cent slide in the stock price of Gitanjali Gems since April has depleted the value of promoter Mehul Choksi's holding in the company by at least Rs 17 crore (Rs 170 million) a day on an average.
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