After reining in unit-linked insurance plans (Ulips) with new guidelines, the Insurance Regulatory and Development Authority (Irda) has decided to revamp reinsurance rules. “Reinsurance is now the priority for Irda,” said Chairman J Hari Narayan, adding a committee had already been formed to look into the various issues relating to reinsurance. “Various aspects of reinsurance [...]
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NSE to start mobile trading from Oct
Posted by admin on September 6th, 2010
With a view to reach out to more customers, the National Stock Exchange (NSE) is gearing up to launch mobile trading through nearly 800 registered brokers in early October, an NSE official said. Currently, only about 10-15 big brokers who have the infrastructure offer mobile trading but at very high costs. “For the first time [...]
SEBI, MCA in conflict over issues in Companies Bill
Posted by admin on September 5th, 2010
The provisions of the Companies Bill are set to bring the Securities & Exchange Board of India (SEBI) and the ministry of corporate affairs (MCA) in conflict with each other in a number of areas such as insider trading, independent directors, and delisting of publicly-traded companies. The new bill proposes norms that are sharply different [...]
IPO Investments made simpler
Posted by admin on September 5th, 2010
Applications supported by blocked amount help investors in IPOs and NFOs to earn interest till shares or units are allotted. Investors in initial public offerings (IPOs) of companies are often confused. While it makes great sense to enter a company when it is being listed, there is little historical evidence about the company’s past. Then, [...]
SEBI likely to increase checks on companies ‘rating shopping’
Posted by admin on September 5th, 2010
Concerned over companies keeping under wraps their bad credit ratings and publicising only the favourable ones, market watchdog Sebi is mulling over ways to curb this ‘rating shopping’ menace. Sebi is considering making it mandatory for credit rating agencies (CRAs) to make public even those ratings that are not acceptable to the companies getting rated, [...]
BSE Brokers’ forum submits white paper on unauthorised trades to SEBI
Posted by khyati on September 3rd, 2010
The BSE Brokers’ Forum has submitted a white paper on unauthorised trades in the securities market to market regulator, Securities and Exchange Board of India (Sebi). The objective of the paper is to apprise the regulator of the difficulties faced by brokers - small and medium sized - while dealing with trading-related problems and to find a [...]
