‘Vyaj badla trades’, one of the most popular features of India’s stock markets in the 1990s, before being banned, are set to make a comeback in a more refined version. In a bid to increase its market share ahead of the launch of MCX-SX, the Bombay Stock Exchange (BSE) will next month offer a new […]
The insurance regulator has formed a joint working group with Life Insurance Council on norms for traditional products. “The group has already commenced work and had two rounds of discussions. It will give its recommendations soon,” Mr J. Hari Narayan, Chairman, Insurance Regulatory and Development Authority, told Business Line here on Thursday. http://www.thehindubusinessline.com/industry-and-economy/banking/article3658259.ece .
The insurance regulator has formed a joint working group with Life Insurance Council on norms for traditional products. “The group has already commenced work and had two rounds of discussions. It will give its recommendations soon,” Mr J. Hari Narayan, Chairman, Insurance Regulatory and Development Authority, told Business Line here on Thursday. http://www.thehindubusinessline.com/industry-and-economy/banking/article3658259.ece .
In a move that could simplify the customer identification process in commodity and equity markets, the Forward Markets Commission (FMC) has proposed to join with the Securities and Exchange Board of India (Sebi) for common Know Your Customer (KYC) norms http://www.business-standard.com/india/news/sebi-fmc-mull-common-know-your-customer-norms/480161/ .
At a time when the Indian capital market is set to see the emergence of a third national-level bourse, trading turnover in the cash segment has fallen to a five-year low. Volatile market conditions and thinning retail investor participation due to bearish sentiments have taken a toll on market volumes. http://www.business-standard.com/india/news/cash-market-turnover-lowest-in-five-years/480163/ .
Most banks that sell mutual fund products through their distribution channels claim they sell investment products of all asset management companies without any preference towards their own products, but a recent internal study by capital market regulator Sebi tells a different story. An analysis by the Securities & Exchange Board of India (Sebi) has shown […]
Most banks that sell mutual fund products through their distribution channels claim they sell investment products of all asset management companies without any preference towards their own products, but a recent internal study by capital market regulator Sebi tells a different story. An analysis by the Securities & Exchange Board of India (Sebi) has shown […]
ONGC Videsh, the overseas arm of the national exploration company, is planning an initial public offering to raise over Rs 5,000 crore in the current fiscal to fund acquisition of foreign oil assets, company sources and bankers said. The proposed IPO, which will be India’s biggest since the Rs 15,199-crore issue of Coal India in […]
The Securities Appellate Tribunal (SAT), a quasi judicial body, has directed HSBC Mutual Fund to compensate the losses suffered by some investors in one of its debt schemes. This is the second order by the tribunal in little over a year asking the asset management company to make good the losses in the same scheme. […]
A third national-level equity exchange is set to go live in the next few weeks, with the Multi Commodity Stock Exchange (MCX-SX) securing regulatory permission to operate as a full-fledged stock exchange. This comes after a four-year wait and an intense legal battle between the stock exchange aspirant and the Securities and Exchange Board of […]
