Category: News in Financial Sector

Aug 17

Commexes told to form investor protection fund

The Forward Markets Commission (FMC) has directed the commodity exchanges to create an investor protection fund (IPF) at the earliest. An IPF is created to protect the interests of clients of trading members of an exchange, who may have been declared defaulters or expelled under the provisions the bourse http://www.business-standard.com/india/news/form-investor-protection-fund-soon-fmc-to-bourses/446056/
Aug 16

5 years on, MF SIPs hold their own

True, the stock markets have been battered and investor sentiments badly hit. But systematic investment plans (SIPs) of mutual funds still seem to be generating modest returns for retail investors who reposed their faith in the stock markets over the long term. http://www.financialexpress.com/news/5-years-on-mf-sips-hold-their-own/830254/0
Aug 16

Life insurers expect sluggish growth in next 3 quarters

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 […]
Aug 16

DTC set to miss deadline again

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 […]
Aug 11

Brokers to pay penalty for not collecting margins

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 […]
Aug 11

Over 5.7 million investors stuck

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/
Aug 10

MF industry assets up 8.17% in July

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 […]
Aug 9

SEBI to upgrade manipulator detecting system

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 […]