In an effort to help Indian companies raise capital and increase public shareholding in rough market conditions, the capital market regulator on Tuesday created two additional ways through which listed local firms can sell shares without floating a public issue. The two new share-sale methods announced by the Securities and Exchange Board of India (Sebi) […]
Stock market regulator SEBI launched a toll free helpline service for investors on December 30, 2011. The service will be available in 11 languages – English, Hindi, Marathi, Gujarati, Tamil, Bengali, Malayalam, Telugu, Urdu, Oriya and Punjabi, initially. SEBI plans to add Kannada, Assamese and Kashmiri to the list shortly. http://www.thehindubusinessline.com/markets/stock-markets/article2769272.ece .
After foreign institutional investors (FIIs) turned net sellers in the Indian stock markets in 2011, the finance ministry came out with a mechanism to arrest market volatility in the new year. The ministry on Sunday decided to allow foreign individuals and pension funds, as well as other entities, to invest directly in equity markets. The […]
The country’s insurance regulator will use the power of comic books to drive home the basic concepts, needs and importance of insurance in one’s life, starting right from the school level. The Insurance Regulatory and Development Authority has readied comic books and hand-books for high school students. They will be distributed in select schools and […]
SREI Infrastructure Finance (SIFL) has announced a public issue of long term infrastructure bonds with a face value of Rs 1000 each in the form of secured redeemable non-convertible debentures, to be issued in one or more tranches not exceeding Rs 500 crore for the fiscal 2011-12, having benefits under section 80CCF of the Income […]
South India as a region continues to be the largest consumer of gold in the country with jewellery chains increasingly targetting the region for expansion. A recent report by Karvy Private Wealth says the four southern states account for over 40% of the nation’s overall gold demand. http://economictimes.indiatimes.com/markets/commodities/south-india-accounts-for-40-of-gold-purchases/articleshow/11287083.cms .
You may not be able to buy you a decent flat in Mumbai with Rs 1 crore, but stock prices have fallen so much this year that the sum may buy you an entire listed company, maybe even two. http://www.business-standard.com/india/news/you-can-buylisted-company-for-rs-1-cr/460066/ .
Insurance policyholders will remember the year 2011 for the series of small steps taken by the Insurance Regulatory and Development Authority (IRDA) to protect their interests. The measures may not have had the course-altering stature of the September 2010 Ulip charge cap, but they did nevertheless have significant impact from the policyholders’ perspective. This apart, […]
State Bank of India’s proposed joint venture with Bharti Airtel has fallen through after the Reserve Bank of India expressed apprehensions over letting a telecom player into the banking space through equity participation. The proposed JV in which SBI would have 51 per cent stake and Bharti 49 per cent was announced in January, with […]
National Highway Authority of India (NHAI) is usually known for issuing Section 54EC bonds, but for the first time they are issuing tax free bonds as well. Now, a lot of people confuse tax savings or no TDS with tax free, but these are truly tax free bonds, which means that the interest from these […]
