Business

March 21, 2014 9:21 AM

CM's quota house allotment illegal, unfair, irrational: B'bay HC

The Bombay High Court on Thursday set aside the schemes wherein allotment of houses was made to needy persons under the Chief Minister's discretionary quota. In a significant judgement, a bench headed by Justice Abhay Oka held that the policies for allotment of houses under the CM'...

March 21, 2014 9:06 AM

SEBI to hike fees charged to various market intermediaries

Market intermediaries and corporates will soon have to pay higher fees to Securities and Exchange Board of India (Sebi) as its board on Thursday, approved proposals for fee hike to bolster financial resources of the capital markets regulator. The Sebi board also approved the budget estimates for the...

March 21, 2014 8:39 AM

RBI Deputy Governor quits before term ends

The Deputy Governor of the Reserve Bank of India Dr K. C. Chakrabarty has resigned, three months ahead of the completion of his term. An RBI spokesperson said, Dr. Chakrabarty has requested for slightly earlier departure than scheduled term end on personal reasons. He is the first RBI top official t...

March 20, 2014 9:07 PM

RBI planning to issue first few new bank licences by March-end

Reserve Bank of India, RBI is planning to issue the first few new bank licences by this month-end, however the Central bank is waiting for Election Commission, EC's nod in this regard. Deputy Governor of RBI, KC Chakrabarty today said that RBI has written to the EC seeking their views on is...

March 20, 2014 9:39 AM

KYC details from centralised agencies for market entities now: SEBI

Making know-your-client process easier for investors, Securities and Exchange Board of India, SEBI has notified a net set of norms. It will allow various market entities such as brokers and Mutual Funds to get details from centralised KYC agencies, rather than carrying out a fresh KYC verification p...

March 20, 2014 8:50 AM

SEBI to seek more central funds for investor education programmes

To bolster awareness among investors and ring-fence them from possible frauds, capital markets regulator Sebi plans to seek additional funds from the government for strengthening its IPEF (Investor Protection and Education Fund) programmes. Sebi has identified empowerment of investors, strengthening...

March 20, 2014 8:48 AM

RBI to implement recommendations of govt to revitalise SC/RCs

The Reserve Bank on Wednesday, allowed securitisation and reconstruction companies (SC/RCs) to use part of funds raised from investors to restructure their financial assets, however, with certain riders. The RBI decision came in the wake of recommendations of a Key Advisory Group by government to re...

March 20, 2014 8:46 AM

KYC details of clients from centralised agencies for market entities now: SEBI

Making know-your-client process easier for investors, Securities and Exchange Board of India, SEBI has notified a net set of norms. It will allow various market entities such as brokers and Mutual Funds to get details from centralised KYC agencies, rather than carrying out a fresh KYC verification p...

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