Samir Arora, chief investment officer of Alliance Capital Fund, has filed a petition with the Securities Appellate Tribunal challenging Sebi's order barring him from dealing in capital market
The Securities Appellate Tribunal on Friday set aside market regulator -- Securities and Exchange Board of India -- order banning Samir Arora, former fund manager with Alliance Capital Management, clearing him of insider trading charges.
Sebi has strengthened Arora's credentials at the cost of its own, says N Mahalakshmi
Securities and Exchange Board of India has barred Samir Arora, fund manager of Alliance Capital Mutual Fund, from dealing in securities in any manner for five years for violating the regulator's unfair trade practices norms
The credibility of India in the eyes of foreign investors has also relatively gone up, with China's blunders in this crisis.
'Tax rate and stock markets are entirely two different things.'
In Alliance 95 Fund, our main technology exposure remains bottom up selections and include Mastek, E-Serve, Digital Globalsoft and Hinduja TMT.
'Historically, equities have consistently outperformed debt, gold, property, and other assets over a reasonable period.'
Meaningful market share would go to those who have the distribution strength to push their products, such as banks.
Check out the best action in the world of business last week!
Samir Arora, chief investment officer of Alliance Capital Asset Management (India) Private Limited, is accused of insider trading.
'There will be massive differences in sectors and stocks over the next few years.'
'We are most bullish on all aspects of the financial sector -- private sector banks, even one state-owned bank, insurance, mortgage finance, broking, wealth management, gold finance, etc.'
Bollywood mourned designer Vikram Phadnis's mother's passing.
De-allocation could raise import bill by $3 billion, add to coal shortage.
Ganpati celebrations are on in full swing!
A special court here on Saturday granted bail to alleged drug peddler Aachit Kumar and eight others who were arrested by the NCB following a raid on a cruise ship off the Mumbai coast and seizure of drugs.
With this, the anti-drugs agency has so far arrested 17 people in the case, including Bollywood superstar Shah Rukh Khan's son Aryan Khan, and some "high-profile organisers" belonging to a Delhi-based event management company.
Armaan Jain and Anissa Malhotra's wedding reception saw the who's who of Bollywood in attendance.
There is a lot of optimism across all markets and a large part of it is justified, says Samir Arora of Helios Capital Management.
'The introduction of a tax on LTCG will be a deterrent for foreign investors and could potentially result in a movement of trading activity away from India to other offshore jurisdictions such as Singapore, which offer better tax rates and sophisticated financial products.'
Long-term investors can stay put in the markets, but should brace for volatility
Check out some inside photos from Salman Khan's 50th birthday celebrations.
Top officials said asking employees other than the fund management team to mandatorily invest a fifth of their salary goes against the principle of natural justice.
Experts suggest domestic factors rather than the Greece crisis would determine the course of the Indian equities.
Sanjay Khan's autobiography The Best Mistakes Of My Life out.
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