State-owned power equipment maker Bharat Heavy Electricals has withdrawn the papers for its proposed 5,000-crore follow-on public offer. Sources in the heavy industries ministry said the issue has been withdrawn because of the current volatility in the stock markets. They said the government could look at other options of stake dilution. http://economictimes.indiatimes.com/markets/ipos/fpos/rights-issues/bhel-withdraws-follow-on-offer-on-volatile-market/articleshow/12525508.cms .
The kitty of the settlement guarantee fund (SGF) with stock exchanges will grow further. This is on the back of a stipulation by the Securities and Exchange Board of India (Sebi) that SEs will have to transfer at least 25 per cent of their profits to the SGF. http://www.business-standard.com/india/news/settlement-guarantee-fundbourses-to-grow/470040/ .
The kitty of the settlement guarantee fund (SGF) with stock exchanges will grow further. This is on the back of a stipulation by the Securities and Exchange Board of India (Sebi) that SEs will have to transfer at least 25 per cent of their profits to the SGF. http://www.business-standard.com/india/news/settlement-guarantee-fundbourses-to-grow/470040/ .
Small investors who wish to subscribe the proposed Rajiv Gandhi Equity Savings Scheme (RGESS) are likely to have the incentive of setting up cheaper demat accounts. At present, investors have to pay nearly Rs 1,000 annually as account charges for dematerialised (demat) accounts that are mandatory for trading in stocks.http://www.financialexpress.com/news/nofrills-demat-likely-for-rajiv-gandhi-equity-savings-scheme/931329/ .
Small investors who wish to subscribe the proposed Rajiv Gandhi Equity Savings Scheme (RGESS) are likely to have the incentive of setting up cheaper demat accounts. At present, investors have to pay nearly Rs 1,000 annually as account charges for dematerialised (demat) accounts that are mandatory for trading in stocks. http://www.financialexpress.com/news/nofrills-demat-likely-for-rajiv-gandhi-equity-savings-scheme/931329/ .
The Department of Post (DoP) is planning to set up 1,000 automated teller machines (ATMs) across six states –Assam, Uttar Pradesh, Rajasthan, Maharashtra, Karnataka and Tamil Nadu — under its ongoing modernisation plan, according to a top official. http://www.financialexpress.com/news/dop-plans-to-set-up-1-000-atms/931194/ .
The Department of Post (DoP) is planning to set up 1,000 automated teller machines (ATMs) across six states –Assam, Uttar Pradesh, Rajasthan, Maharashtra, Karnataka and Tamil Nadu — under its ongoing modernisation plan, according to a top official. http://www.financialexpress.com/news/dop-plans-to-set-up-1-000-atms/931194/ .
The capital market regulator has put checks and balances in place for high-frequency trading. SEBI has issued detailed guidelines asking exchanges to contain possibilities of potential systemic risk caused by the use of sophisticated automated software by brokers to trade on stock exchanges. http://economictimes.indiatimes.com/markets/regulation/sebi-issues-rules-for-algorithmic-trading/articleshow/12475560.cms
A password alone will no longer be sufficient for logging into your brokerage account. Starting April 1, brokerages will require investors to punch in a second level of authentication other than their passwords. http://www.thehindubusinessline.com/markets/stock-markets/article3258844.ece .
The National Stock Exchange plans to introduce a ‘Corporate Debt Exchange Traded Fund (ETF)’ in this calendar year. http://www.thehindubusinessline.com/markets/stock-markets/article3258855.ece .
