Business

February 26, 2015 9:23 PM

SEBI disposes of case against four companies

Securities and Exchange Board of India, SEBI, has disposed off cases against four companies pertaining to investor grievances and failing to obtain registration with its online complaint redressal system, as the companies are in the process of liquidation.In four separate orders, the regulator noted...

February 26, 2015 9:04 PM

Sensex plunges 261 points to close at 28,747

At the stock markets, the Sensex at the Bombay Stock Exchange plunged 261 points, to close at 28,747. The Nifty at the National Stock Exchange fell 83 points, to 8,684. Shares of companies deriving orders from the railways mostly lost ground, following the presentation of the Railway Budget. Cement ...

February 26, 2015 9:03 PM

RBI expresses concern over delay in appointing heads of banks

Expressing concern over the delay in appointing heads of three large public sector lenders, RBI Deputy Governor S S Mundra today said that the Central bank has urged the government to expedite the process in this regard. Mr. Mundra said that the government is yet to appoint heads of three '...

February 26, 2015 8:47 PM

Sensex plunges 261 points to close at 28,747

At the stock markets, the Sensex at the Bombay Stock Exchange plunged 261 points, to close at 28,747. The Nifty at the National Stock Exchange fell 83 points, to 8,684. Shares of companies deriving orders from the railways mostly lost ground, following the presentation of the Railway Budget. Cement ...

February 26, 2015 8:15 PM

DLF IPO disclosure case: SEBI imposes Rs 85-cr penalties

SEBI today imposed fines of 52 crore rupees on realty giant DLF and seven others, including Chairman K P Singh, for fraudulent and unfair trade practices. DLF has been asked to pay a fine of 26 crore rupees, while a similar amount has to be paid collectively by seven persons. This is the biggest eve...

February 26, 2015 6:30 PM

Industry bodies welcome the Rail budget

Industry bodies have welcomed the Rail budget. President-designate of Confederation of Indian Industry, CII Sumit Mazumdar said that it is a progressive and forward-thinking budget and it has laid down a roadmap, which will help the Railways in the years to come. FICCI's Saurabh Sood termed...

February 26, 2015 2:08 PM

Pan India Mobile number portability from May 3

From May 3, subscribers will be able to retain the same mobile number on relocating to anywhere in India. The Telecom Regulatory Authority of India amended the mobile number portability (MNP) regulations yesterday to allow users to change their service provider in any part of the country while retai...

February 26, 2015 7:29 AM

Budget 2015: Need to expand tax base, says Jayant Sinha

Finance Ministry has said that there was urgent need to expand tax base and improve tax compliance. Talking to reporters in New Delhi, Minister of State for Finance Jayant Sinha emphasized, the need to enhance the tax to GDP ratio in the country, which was lower than those in some of the developing ...

February 25, 2015 9:06 PM

Banks, NBFCs need RBI, SEBI nod to act as investment advisers<br/>

Banks and Non-Banking Financial Companies (NBFCs) planning to provide investment advisory services have to obtain approvals from both the RBI and the Sebi. Securities and Exchange Board of India (Sebi) in a public communication has said that a bank or an NBFC which proposes to undertake investment a...

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