Finance Minister Nirmala Sitharaman will present her second Budget a little more than a month from now. Like any other FM, Sitharaman will depend on her team of bureaucrats and advisors to frame and present the Budget.
A source said Sebi planned to tag brokers based on their performance on areas such as compliance, investor protection and arbitration.
Indians at large harbour a notion that their country is cherrypicking out of the American basket of goodies, but the policymakers in Delhi and the political leadership are well aware that it can only be a pipe dream since a military alliance with a superpower is a profound irrevocable commitment, observes Ambassador M K Bhadrakumar.
The stock market regulator's definition of large, mid, and small-cap companies has irked mutual fund managers, reports Samie Modak.
Finance ministry asks bank, insurance & market regulators to issue notifications
The NCLT said the new board must hold its meeting by October 8 and come out with a road map before the next hearing on October 31
Mallya has lived on the edge for long enough to know that his extradition from UK is not a given, says N Sundaresha Subramanian.
Even Delhi does not have a full-time registrar of chits.
These transactions have come for shareholders approval because of requirements under the new companies law and amended listing agreements.
The real estate sector is a major employment provider and the economy cannot afford its hard landing. Harsh Roongta suggests measures that can revive the under-construction market
Making it easier for companies to raise funds through genuine equity or debt offers, Sebi unveiled a slew of measures to bring to book those running illegal money-pooling schemes and indulging in other fraudulent activities.
Sebi's suggestions are good but investors should not become overconfident.
Interception of electronic communication should also be covered in the powers being sought, the report said.
'MFs acted as reckless lenders and not as prudent investors.' 'Clearly, how debt funds are being run is a systemic issue,' warns Debashis Basu.
Business reacted with caution to the reforms of 1991, and demanded protection from multinationals and imports. Twenty-five years later, traces of that demand can still be found, reports Bhupesh Bhandari.
Satyam Case has not ended after court verdict, there's lot to unfold say insiders.
The expansion in equity market volumes is driven by retail speculators indulging in heavy trading of complex derivatives that are economically unproductive, say Praveen Chakravarthy and T V Somanathan.
The choice before the next government is not between being a soft State and a tough State; it is between being a smart State and a dumb State, says former foreign secretary Shyam Saran.
Dy Governor notes it's an era of job changes for better.
Sinha says many fund houses not abiding by rules on minimum number of investors, awareness funds
'The RBI has not allowed any commercial bank to fail in the past three decades.' 'It has always played the role of a matchmaker, but this is the best deal it has stitched,' notes Tamal Bandyopadhyay.
This could be the first instance when a consumer goods company would move court against NAA. The confrontation began after the government cut tax rates on over 175 items like toothpaste, shampoo, shaving cream and washing powder to 18 per cent from 28 per cent.
Diageo-USL integration pushed by at least two months; Firm likely to rework agreements and seek approval again
Consolidation is happening because of a prolonged slowdown in residential sales which has also brought down the business of brokerages.
The ruling was made by the Securities Appellate Tribunal, an independent quasi-judicial body that rules on appeals against orders passed by the Sebi.
FATCA is aimed to strengthen business ties.
'There were assurances that Jaish-e-Mohammad was being reined in as was the Lashkar-e-Tayiba, but Pakistan's security forces could not risk opening too many dangerous new fronts,' notes former foreign secretary Ambassador Shyam Saran, who has just returned from a visit to Lahore.
'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.
Though public shareholding in Jet is already down to the mandated 25 per cent, the regulator wants its promoters to pare their stake further.
Regulator believes Jet Airways deal triggers open offer
Until now, the penalty was Rs 1 crore only.
The open offer for minority shareholders would need to be made even if the 'control' has been acquired without crossing the threshold shareholding limit (25 per cent), Sebi Chairman U K Sinha said.
In the first of a two-part series, Tamal Bandyopadhyay explains why the ICICI Bank's board first rushed to deny all allegations against Kochhar and then took the extreme steps against her.
Sebi directs freezing of all demat accounts not linked to Aadhaar by December 31
Having covered the stock market beat for most of those years, I have written articles about several initial public offerings, listed stocks and broader market moves.
Concerns over effective control not addressed in the second revised shareholders' agreement, says DIPP; Sebi opposes commercial cooperation pact
Analysts question negative net worth because of dividend payout ahead of IPO.
The lock-in would be for a period of six months.
I-T dept investigating black money angle; FM hints against bailout for bourse's investors.