Lacklustre returns due to volatile conditions in the equity markets coupled with regulatory changes relating to ULIPs (unit-liked insurance plans) and pension plans have affected the life insurance industry in the country. According to recent IRDA data, first-year premium collections by life insurance companies fell 28.36 per cent in April-June 2011, compared to the corresponding […]
The Direct Taxes Code (DTC) Bill, introduced in Parliament on August 30 last year, proposes to replace the 50-year-old Income Tax Act. Initially proposed to come into force from April 2011, the code’s deadline had been extended to April 2012 as the draft Bill was referred to a Parliamentary standing committee. The standing committee is […]
The Securities and Exchange Board of India (Sebi) has asked stock exchanges to penalise brokers for short collection or non-collection of margins in the equity derivatives segments. The regulator’s move is aimed at resisting payment crises in the wake of high volatility recently. Despite a decline of over 10 per cent in the benchmark equity […]
At least 5.7 million investors, or nearly half the demat holders in National Securities Depository Ltd. (NSDL), the country’s largest depository, are stuck in companies suspended by the Bombay Stock Exchange (BSE). The exchange has suspended 1,405 companies for non-compliance with the listing agreement and 171 more over what it calls ‘procedural issues’ http://www.business-standard.com/india/news/over-57-mn-investors-stuck/445493/
The mutual fund industry’s assets surged by 8.17 per cent to Rs 7.28 lakh crore in July. The total assets under management of the mutual fund industry stood at Rs 6.73 lakh crore as on June 2011. The rise in assets was led mainly by a sharp increase of 26.5 per cent in the liquid/money […]
The Securities and Exchange Board of India (Sebi) on Tuesday issued detailed guidelines to allow Know Your Customer-compliant foreign investors, termed as qualified foreign investors or QFIs, to invest in equity and debt schemes in India http://www.business-standard.com/india/news/sebi-allows-qfis/-entry-in-mutual-funds/445355/
The capital market watchdog Sebi is planning a major upgradation of its key surveillance system through which it monitors data from stock exchange and depositories for identifying the manipulation activities. The move would help the regulator in its efforts towards a better, continuous monitoring of manipulation attempts in the stock market and analysis of daily […]
Number of demat account holders in the country is likely to touch 25 million by 2015 from about 10 million now on growing tendency among young and middle aged persons to invest in capital market, SMC Global Securities said. “…(they are investing) not only to multiply their wealth faster and quicker but it also help […]
In a bid to better streamline the database, market regulator SEBI has operationalised a centralised web based complaints redress system where all investor complaints would be processed. “SEBI has commenced processing of investor complaints in a centralised web based complaints redress system ‘SCORES’,” it said in a circular. http://www.financialexpress.com/news/sebi-starts-webbased-complaint-system/827227/
