A major payment crisis involving Rs 5,600 crore (Rs 56 billion) broke out at National Spot Exchange last year.
In a significant relaxations on Wednesday, the Securities and Exchange Board of India changed pricing rules for qualified institutional placements in view of rising market volatility, and reduced the timeline of rights issues. But the market regulator did not change, as widely expected, the guidelines for participatory notes, derivative instruments, through which many foreign investors trade on the Indian bourses.
There are some difficulties in bringing changes in buyback norms and we are having a relook at the regulations, says C B Bhave.
Amar Singh, general secretary of the Samajwadi Party, has written to the Securities and Exchange Board of India alleging insider trading in the shares of Mukesh Ambani-controlled Reliance Petroleum Ltd, on July 9, 2008, just days before his party voted in favour of the current ruling alliance at the centre.
Rai, who is as tall as Bhave at 5 feet 11 inches, has always been under his shadow, though he has been with NSDL since its inception 11 years ago. Only time will prove if he can grow as tall as Bhave in stature.
Chary also says some government officials have played an important role in favouring organisations that MCX competes with.
'It is not impossible that there will be some arrangement with the Congress in West Bengal after the ongoing local body polls.'
DFS writes to departments that haven't responded to RBI's request for information.
It could be a matter of concern that foreign shareholders of the NSE are registered in tax havens such as Mauritius and Cyprus.
MCX-SX on Friday said the rights issue would now close on April 17.
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.
Cost is not the only factor that one should look at. It's best to keep investment and insurance apart
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