Market regulator SEBI indicated that it could tighten the disclosure norms for transactions between related companies. “There is a scope for improvement…,” SEBI Chief C.B. Bhave said when asked if the measures taken by SEBI so far with respect to disclosure of related party transactions were enough. Related party transactions typically involve deals between group [...]
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ICEX gets govt clearance to trade in iron ore futures contract
Posted by admin on October 26th, 2010
Paving the way for the Indian Commodity Exchange (ICEX) to launch iron ore contracts for futures trading, the Ministry of Consumer Affairs, Food and Public Distribution has asked the Forward Markets Commission (FMC) to include the mineral in the list of commodities that can be traded. The communication, sent a week ago, said iron ore [...]
SEBI still investigating SKS issue of sacking Suresh Gurumani
Posted by admin on October 26th, 2010
Market regulator Securities and Exchange Board of India said on Monday it is still investigating the issue of SKS Microfinance sacking its chief operating office Suresh Gurumani – which raised the hackles of investors – shortly after a successful Rs 1,600-crore (Rs 16-billion) public offer. “The investigation is still on..,” Sebi chief C B Bhave [...]
SEBI raises retail investors’ limit & tightens IPO norms
Posted by admin on October 26th, 2010
SEBI gives a Diwali Gift to retail investors. Now retail investors will get to double their bets on initial public offerings as the market regulator raises the limit to Rs 2 lakh, the first revision in five years, as it attempts to keep pace with the eroding value of the rupee. The Securities and Exchange [...]
C B Bhave’s term ends in Feb, successor to face tough time
Posted by admin on October 25th, 2010
A few senior bureaucrats from two northern states and the chairman as well as the MD of a non-glamorous financial institution have so far applied for the post that will fall vacant once Chandrasekhar Bhaskar Bhave’s term comes to end in February. The more obvious names, and also the ones with greater clout, are waiting [...]
SEBI mulling over ways to curb the menace of overpriced IPOs
Market watchdog SEBI is mulling over ways to rein in erring merchant bankers regarding overpricing of IPOs and hyping public issues through misleading advertisements and media reports outside the regulatory ambit. The regulator is actively considering bringing out soon a discussion paper on the matter, wherein it would seek public comments on draft regulations to [...]