Market regulators of India and Mauritius inked a crucial agreement, on Thursday, for sharing of information on securities dealings, which would assist Sebi to dig deep into the securities scam of 2000-01 and prevent similar incidents in future.\n\n\n\n
Asset management companies have been told not to deal with non-compliant intermediaries. They are to report such cases to the Association of Mutual Funds in India (Amfi) and Sebi.
"Issue should be closed within 1-2 months," Manohar Parrikar said.
The Delhi high court's division bench has stayed the single bench order favouring the emergency award against the Future-Reliance deal and imposing a Rs 20 lakh fine on Kishore Biyani & other respondents. including FRL and FCPL.
Pakistan's powerful Army Chief Gen Raheel Sharif's visit to Beijing comes in the backdrop of assertions by Pakistan that it will raise its concerns at the international level over India's successful test of supersonic interceptor missile.
The Pakistani army again violated the ceasefire on Tuesday by firing on forward areas along the Line of Control in Poonch district, prompting Indian troops to retaliate.
DEA officials to push for this at a meeting with FM Jaitley.
The Delhi high court on Thursday upheld the Singapore Emergency Arbitrator's (EA) order restraining Future Retail Ltd (FRL) from going ahead with its Rs 24,713 crore deal with Reliance Retail to sell its business, which was objected to by US-based e-commence giant Amazon.
The second-longest serving chairman introduced quite a few measures for the primary market and implemented a new corporate governance framework.
The Parthasarathy Shome committee gives its second reform report to finance ministry.
The proceedings initiated under the Sebi Act have to be concluded by the passing of an order by the competent authority.
Mutual fund investors will be able to earn more on their investments because of the Securities and Exchange Board of India ruling on the removal of 2.25 per cent entry loads on their investments.
Rajat Gupta, 70, the first Indian managing director of McKinsey and who of 17 months in US prison for insider trading, gets ready to tell his side of the story. And he is less than complimentary about Preet Bharara, then the famous crusading US attorney for the Southern District of New York. "The jury, the press and the public saw only... a 'cropped picture', he says. For someone whose life story was a model of the Great American Dream - an Indian of modest means who rose to the highest circles of politics and business, mingling with the White House and Davos crowd - his indictment in 2012 marked a stunning fall from grace. Many ascribed it to the hubris of the rich and powerful, says Kanika Datta.
Sebi on April 4 gave the brokerages 60 days to have their books vetted by third-party auditors.
The apex transparency panel also asked the market watchdog to decide the matter within two months after holding consultations with the government officials as well, besides taking a view point of FIIs in this regard.
Chinese foreign policy will acquire a more ideological and less pragmatic character. It will be conducted with more nationalist overtones, predicts former foreign secretary Shyam Saran.
Future, which recently tied up with Amazon in India to sell its fashion and food products exclusively on the American giant's marketplace platform, is looking at a gross merchandise value of about Rs 6,000 crore (Rs 60 billion) in the next three years from the venture.
RBI is likely to continue with its tough stance on monetary policy to maintain price and financial stability.
The PMS manager can only charge performance fee to investors if the fund has crossed its highest value as on the day when the fee is supposed to be charged.
Sinha started his tenure at Sebi a bit shakily making people wonder if he'd complete his three years. Eventually, he went on to stay twice that long.
'No prime minister of India is averse to normalise relations with Pakistan, if it is possible to do so without altering our fundamental position on Jammu and Kashmir,' notes Ambassador T P Sreenivasan.
Investigation to be over by weekend, Mumbai police EOW to lodge FIR thereafter.
After his previous visit, the Sensex crashed and it took four painful years to top the 21,000 mark.
The US Commodity Futures Trading Commission is considering a proposal from the Rapaport Group to start the world's first diamond-futures contracts.
The Pakistani Supreme Court ordered for a joint investigation team to probe the allegations of money laundering against his family.
Mergers and acquisitions would continue to create big corporate conglomerates but there is a need to draw a red line to avoid dominance and curbing of open competition in market by them, he said while addressing a conference on competition issues in New Delhi.
National Spot Exchange Limited, promoted by Jignesh Shah-led Financial Technologies, is facing payment crisis of Rs 5,600 crore (Rs 56 billion).
During the visit, the prime ministers will reaffirm the close friendship between the two countries, and discuss ways to further deepen bilateral cooperation.
Paramilitary forces have been deployed at strategic points and the Election Commission has ordered video recording at all polling booths. Out of the 87 constituencies going to the polls, 58 are located in the Saurashtra region.
Indian and Pakistan troops exchanged heavy fire in the Nowgam sector of the Line of Control in north Kashmir Baramulla district on Wednesday after two paramilitary border security force troopers were injured in sniper fire from across the LoC.
Operationalisation of a new border defence agreement to deal with recurring troop incursions along the LAC besides improving defence ties, is expected to top the agenda of General Bikram Singh as he starts a rare visit by an Indian army chief to China from Wednesday.
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Sebi keen to attract larger number of retail investors
An international tribunal has ruled that the Indian government had acted "unfairly" and "inequitably" in annulling a contract between Devas and ISRO's commercial arm Antrix.
Tata Steel, SBI, L&T and Sun Pharma advanced 2-5% each.
The Parliamentary Standing Committee on Finance's meeting comes against the backdrop of CBI probing the Saradha scam in which thousands of crores or rupees of gullible investors were allegedly swindled.
Prioritising investor protection in the backdrop of corporate frauds and failures worldwide, Company Affairs Ministry said it will expedite the process of putting in place Competition Commission, NCLT and a comprehensive Companies Act.
A handler of Pakistan's Intelligence Operative and one Border Security Force serving officer have been arrested.
