Category: News in Financial Sector

Apr 12

SEBI pulls up NSE for alleged irregularities by brokers

Capital market regulator Sebi has asked the National Stock Exchange to be more cautious and perceptive in discharge of its regulatory duties. The exchange has been reprimanded for not booking its broker members who were allegedly involved in irregular client-code modification to dodge payment of taxes on market gains http://economictimes.indiatimes.com/markets/regulation/sebi-pulls-up-nse-for-alleged-irregularities-by-brokers/articleshow/12616964.cms .
Apr 12

Gold ETFs gear up for Akshaya Trithi

Gold exchange-traded funds (ETFs) have become popular over the years thanks to returns which have beaten stock indices and the convenience of holding the metal in electronic form. Fund managers expect to attract huge investments in ETFs on Akshaya Tritiya, which falls on April 24 this year. They hope for a 200% rise in sales […]
Apr 12

Gold ETFs gear up for Akshaya Trithi

Gold exchange-traded funds (ETFs) have become popular over the years thanks to returns which have beaten stock indices and the convenience of holding the metal in electronic form. Fund managers expect to attract huge investments in ETFs on Akshaya Tritiya, which falls on April 24 this year. They hope for a 200% rise in sales […]
Apr 5

SEBI asks MFs to take action against errant distributors

The Securities and Exchange Board of India (Sebi) has directed mutual fund (MF) houses to take action against distributors who circumvent norms to get the same day’s net asset value (NAV) in debt schemes by splitting their purchases to ensure the Rs 1-crore limit is not crossed http://www.business-standard.com/india/news/manipulatorsdebtnav-norm-face-sebi-ire/470144/ .
Apr 5

SEBI asks MFs to take action against errant distributors

The Securities and Exchange Board of India (Sebi) has directed mutual fund (MF) houses to take action against distributors who circumvent norms to get the same day’s net asset value (NAV) in debt schemes by splitting their purchases to ensure the Rs 1-crore limit is not crossed http://www.business-standard.com/india/news/manipulatorsdebtnav-norm-face-sebi-ire/470144/ .
Apr 5

FM asks IRDA to check suicidal competition

The government on Wednesday asked insurance regulator Irda to take steps to contain the tendency of “suicidal competition” among insurance companies, which are undercutting one another by offering policies at low premium to grab a bigger market share. http://www.business-standard.com/india/news/fm-asks-irda-to-check-suicidal-competition/470179/ .
Apr 5

FM asks IRDA to check suicidal competition

The government on Wednesday asked insurance regulator Irda to take steps to contain the tendency of “suicidal competition” among insurance companies, which are undercutting one another by offering policies at low premium to grab a bigger market share. http://www.business-standard.com/india/news/fm-asks-irda-to-check-suicidal-competition/470179/ .
Apr 5

Delivery based volumes surge on BSE to a record 77%

Year-end tax-saving strategies, large bulk deals and fund-based buying have pushed up delivery-based volumes despite volatile market conditions ahead of the forthcoming RBI policy and earnings season. The rise was sharper towards the close of 2011-12, with delivery-based volumes surging to a new high of 77% of the total traded quantity on the BSE. http://economictimes.indiatimes.com/markets/stocks/market-news/delivery-based-volumes-on-bse-surge-to-a-record-77-per-cent/articleshow/12538246.cms […]
Apr 5

Delivery based volumes surge on BSE to a record 77%

Year-end tax-saving strategies, large bulk deals and fund-based buying have pushed up delivery-based volumes despite volatile market conditions ahead of the forthcoming RBI policy and earnings season. The rise was sharper towards the close of 2011-12, with delivery-based volumes surging to a new high of 77% of the total traded quantity on the BSE. http://economictimes.indiatimes.com/markets/stocks/market-news/delivery-based-volumes-on-bse-surge-to-a-record-77-per-cent/articleshow/12538246.cms […]
Apr 4

Investors from Gulf countries permitted as QFIs

Investors from Gulf countries will be able to access the Indian capital market as Qualified Foreign Investors (QFIs). The Finance Ministry, which aims to attract $50-75 billion in the next two years through QFIs, is planning road-shows in five Gulf countries this month-end http://www.thehindubusinessline.com/markets/stock-markets/article3277875.ece?homepage=true .