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 […]
Market regulator SEBI would launch a toll-free helpline as part of educating investors on the securities market, Chairman U K Sinha a said today. With the launch of helpline, an investor can ask any question regarding the securities market which will be answered. “The reason why we are launching is that we have identified that […]
Students at higher secondary level may soon find questions on IPOs, secondary markets, mutual funds and the like in their exam papers, if SEBI has its way. The Securities and Exchange Board of India has been in talks with the Central Board of Secondary Education (CBSE) to introduce financial literacy as a part of the […]
The advisory panel of retirement fund body EPFO has recommended a lower rate of interest of 8.25 per cent for the current fiscal compared to 9.5 per cent last year, a move that will affect over 4.7 crore subscribers. http://economictimes.indiatimes.com/personal-finance/savings-centre/savings-news/epfo-may-lower-interest-rate-to-8-25-on-pf-deposits-for-fy12/articleshow/11207318.cms .
The government has secured the support of BJP on the bill to reform the pension sector by agreeing to the main opposition’s demand that the scheme offer a minimum assured return and foreign investment be capped at 26%. The new pension scheme (NPS) will offer an option for an assured return of 8.6% for investments […]
Gold, the most trusted investment for centuries, may well become an acceptable asset class for the insurance regulator after nearly a decade of lobbying, but that could push up the price of the ever-rising precious metal, taking it beyond the reach of many. http://economictimes.indiatimes.com/personal-finance/insurance/insurance-news/insurers-may-soon-get-irda-nod-for-investing-in-gold/articleshow/11248141.cms .
Marriages are made in heaven, but, they can very well turn sour on this earth, by etting cancelled or not proving to be fruitful, after consummation. Seeing a business opportunity here, the insurance companies have come out with an innovative proposition, wherein, they would insure the weddings against their postponement of cancellations for certain reasons […]
Advance tax payments of 15 leading brokerages in the October-December period dropped 48% from a year ago as stock markets slumped to two-year lows on worries over the economy’s fiscal health and the government’s inability to take major decisions. http://economictimes.indiatimes.com/markets/stocks/market-news/stock-market-slump-brokers-advance-tax-pay-down-48/articleshow/11213352.cms .
Taking advantage of falling yields, the Power Finance Corporation (PFC) would look to raise Rs 4,000 crore through tax-free infrastructure bonds in the last week of December. The power sector lender is mulling the coupon it would be offered in a falling interest rate scenario. “Bonds with tenure of 10 and 15 years would be […]
Capital market regulator Sebi has set up a committee to find out the ways and means to best utilise the Investor Protection and Education Fund (IPEF). “We have set up a committee. It is guiding us in how this fund (IPEF) is spent,” Sebi whole-time member Prashant Saran said. http://economictimes.indiatimes.com/markets/regulation/sebi-sets-up-committee-to-find-ways-to-utilise-ipef/articleshow/11153464.cms .
