The broader markets ended firm with mid-caps and small-caps gaining nearly 0.5 per cent on the BSE.
There are allegations of involvement of Kochhar and her family members in a loan provided to Videocon group on a quid pro quo basis.
Investors engaged in profit booking in the recent gainers at attractive and higher valuations.
To get same tax treatment as FIIs; rules on search & seizure and consent settlement cleared
Sensex is under pressure due to concerns in the global market.
Markets end in the red, midcaps in focus
To further strengthen the supervision on non-banking entities (NBFCs), the Reserve Bank on Tuesday issued revised guidelines on a Prompt Corrective Action (PCA) framework for such companies, excluding government-owned ones, effective from October 1, 2022, on the lines of what it had introduced for banks in 2002. The RBI came up with stricter supervisory norms under the PCA framework for banks after their bad loans mounted and balance-sheets bled badly. This involved restricting them from fresh lending, brand opening and, hiring, among others. The RBI said the revised PCA framework is also applicable to all deposit-taking non-banking financial companies (NBFCs), all non-deposit taking NBFCs in the middle, upper and top layers, including investment and credit companies, core investment companies, infrastructure debt funds, infrastructure finance companies and microfinance institutions.
Scams happen with high regularity because the price of getting caught is insignificant. Aggrieved investors run from the police to already clogged courts to find redress for issues for which financial regulators have been specifically set up. For over 3,750 years we have known what to do, but we don't do it, observes Debashis Basu.
Sahara was to provide a bank guarantee from HSBC.
Read the numbers carefully because no one can offer a credit card at zero cost or give a loan at a simple interest of 9%.
Sensex climbs higher on favourable global cues.
Move to improve transparency but make liquidity more difficult to come by
The 30-share Sensex ended 50 points lower at 28,112 and the 50-share Nifty declined 12 points to close at 8,531.
Sebi has restrained Saiprasad Corporation from raising funds from the public through its schemes.
Interest rates on bank FDs have started coming down and rates on other fixed-income products will also decline. Investors should lock in to instruments offering higher returns.
The Lodha Group has bought land parcels worth Rs 12,000 crore in Mumbai
Investors cheered a sharp decline in the Current Account Deficit, which stands at a 4 year low as exports picked up and gold imports reduced.
Markets extended gains led by financials and capital goods shares coupled with a rebound in IT shares.
Within the next 3 months, most brokers will enable you to intelligently invest via mobiles in MFs, FDs, and IPOs.
Merely choosing investment products in accordance with your risk profile is not enough. Consider all your requirements before deciding where to put your money
With the Union Budget over, it is a good time to start the rebalancing exercise. Take cues from last year's market performance
Markets ended higher, amid firm global cues, and are on track for third straight day of gains.
Markets in green tracking firm global cues.
'I have tutored my family and myself to fight hunger,' the former agent for the disgraced Saradha chit fund says, his eyes welling up. 96 of the 107 cases referred to the Serious Fraud Investigation Office are based in Bengal!
Bhargavi Zaveri & Radhika Pandey explains how complexities of foreign exchange rules are used by India Inc to dispute contractual obligations.
For some, he is a visionary who grew his one-channel firm into a media giant by the sheer dint of his courage; for others, he is a compulsive risk-taker.
Few top honchos of India Inc did very well in 2014.
Cashi Crisis: Day 9: Aaj ki Taaza Khabar!
