Arun Jaitley had proposed in the Budget to double the rate of capital gains tax on debt MFs to 20%.
Banks led the decline with Nifty Bank and BSE Bank index dropping over 3% each.
The Central Bureau of Investigation (CBI) will soon quiz Securities and Exchange Board of India (SEBI) Chairman U K Sinha as well as former head of the regulatory body M Damodaran in connection with a Preliminary Enquiry (PE) to probe granting sanction to Jignesh Shah-founded Financial Technologies (India) and MCX-SX.
More than 30 entities, including brokers and high net worth individuals, have come under the scanner of market watchdog Sebi for unusual trading activities on the day of Lok Sabha election results.
Sebi will join RBI and the government in their fight against bad loans.
A large number of companies, either based out of this eastern state or having a significant presence there, are being probed for running illicit 'collective investment schemes', while penal action has already been initiated by Sebi against over 20 other entities from the region.
We remain at the mercy of the global economic climate.
The markets regulator made it easier for banks to acquire control in listed companies.
Before it backtracked, Twitter had said Thursday that the change was meant to protect victims of harassment who wanted to filter out abusive messages but feared that the act of blocking a user would prompt retaliation.
Can only suspend non-compliant companies at present owing to a lack of jurisdictional clarity.
Today, the single most popular route of laundering is the stock market platform, notes Debashis Basu.
A long crisis with a lack of sound short-term, long-term actions can result in sluggish growth in India, similar to that in Japan.
The lock-in would be for a period of six months.
Sebi has time and again voiced its concerns over higher agents' fees.
That's all it takes to protect an institution -- just one person with no past and no greed for the future, says Shekhar Gupta.
Leading stock exchange BSE has initiated a process of putting in place a new risk-based model for supervision of market entities including brokers, taking forward a new model proposed by regulator Sebi in this regard.
In its efforts to make listed firms more responsible towards investors, Sebi may announce new insider trading norms as early as next week.
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While the systems in place at leading Indian bourses are considered to be very robust and can withstand any possible technical glitches, it is advisable to conduct a precautionary check after an unprecedented three-hour trading halt at a large exchange like Nasdaq, a senior Sebi official said.
Two weeks ahead of October 1 deadline, Sebi likely to relax certain conditions.
Indian regulators have identified certain groups as 'financial conglomerates' and they are being monitored closely for any systemic risks they may pose.
The drive against insider trading comes after SEBI last year received enhanced investigation powers from parliament, including the ability to monitor call records.
Though on the face of it appeared Pasbola was asking a series of odd questions that would be difficult for anyone to answer, there was, it gradually emerged, it seemed, a method to the questioning. Somehow, somewhere instinctively, Pasbola knew there was something not right with Riyaz's account.
2015 is set for a lot of changes - and some that we would like to happen
Overseas education consultant NNS Chandra offers advice on how to pick the right course and college.
Congress Vice-President Rahul Gandhi had brought in the United States style 'primaries' with much fanfare to empower grassroot leaders to fight the Lok Sabha elections.
After National Spot Exchange Ltd (NSEL) this week suspended trading in forward contracts, the Forward Markets Commission (FMC), the commodities market regulator, on Friday sought to allay fears over the exchange defaulting on open contracts.
Summing up the year gone by, Sebi Chairman U K Sinha told PTI that the regulator was also able to provide clarity and a direction to the market in areas like corporate governance and investor protection during 2013.
'He is a very colourful man with a great sense of style. I have not seen another politician that dresses so well.' 'He is so knowledgeable. He would talk to you about sports, technology, world affairs... there is no subject that he can't talk about.' Cinematographer Senthil Kumar on shooting Modi in 3D. Shobha Warrier/Rediff.com listens in.
The capital markets watchdog has asked the government to empower it to carry out search and seizure operations, to attach properties and to ask for information and records for all relevant entities.
Key relaxations traced in final regulations.
A report submitted by the consortium of seven Indian Institutes of Technology on way to rejuvenate the Ganga river is at heart of Prime Minister Narendra Modi's ambitious plan to restore the glory of the river.
Were river experts excluded from IIT consortium on the Ganga River Basin Management Plan? Rashme Sehgal reports.
Tamal Bandyopadhyay discusses his latest book Bandhan: The Making of a Bank at Bandhan headquarters in Kolkata.
The stock exchange does not store and display the numbers of investors. That would be like a bank publishing the details of its customers for everyone to see.
'For lakhs of people in the flood-afflicted state, battling against the elements is taking a huge toll. This is the time of the year that apples ripen, rice starts being harvested and preparations start in full swing to put aside some of the food stocks for the long winter months ahead. At this moment, though, people there believe if they can succeed in coming out of this calamity in one piece they will have won the war,' says Rashme Sehgal.
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