Owing to a slew of measures taken by Reserve Bank of India (RBI) and SEBI and also because of improvement in foreign capital inflows, Indian rupee is strengthening marginally against dollar. After depreciating to a record low of 61.21 some days ago, the Indian rupee strengthened to 59.65 against the dollar, the most since June 28. The recent strengthening of rupee is also helped by the sale of dollar by banks and exporters, reports indica
Tag: SEBI
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SEBI to decide on TN govt’s proposal
Securities and Exchange Board of India (SEBI) would decide whether the Undertakings of Government of Tamil Nadu can buy the 5 per cent equity of Neyveli Lignite Corporation (NLC). The decision to offload the central government's 5 per cent equity in NLC was taken at a meeting of the Cabinet Committee on Economic Affairs on June 21. The union government plans to mop up around Rs 700 crore
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RBI panel calls for separation of business segments
A draft report of a Reserve Bank of India (RBI) panel suggested banks to separate the business segments of wealth management and and investment advisory services by creating a subsidiary. Further, the report, released recently, suggested that RBI must approve the creation of subsidiaries for this purpose. Such subsidiaries must be registered with the Securities and Exchange Board of India (SEBI), the report says
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RBI, Sebi differ on some recommendations of FSLRC
Unconfirmed reports indicate that the some of the key clauses of the Justice BN Srikrishna Commission report on revamping financial sector laws were opposed by the Reserve Bank of India (RBI) and the Securities and Exchange Board of India (Sebi). Both RBI and Sebi are learnt to have discussed some of the clauses in the report at a recent meeting of the Financial Stability and Development Council (FSDC), whic
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Govt to remove ambiguity on FDI policy
Government is reportedly working on removing ambiguities in the definition of foreign direct investment (FDI) and foreign institutional investment (FII) and it is expected to issue clarification on the same. Recently, Commerce and Industry Minister Anand Sharma has reportedly discussed the issue with Finance Minister P Chidambaram. After the meeting, Sharma said the g
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PM asks SEBI to support fund flow to infrastructure
Securities and Exchange Board of India (SEBI) received a request from Prime Minister Manmohan Singh to promote infra debt funds (IDFs) in order to boost funding to the infrastructure sector.
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Sebi auction evinces strong response from FIIs
The recent auction held by market regulator Sebi for selling investment limits in government bonds to foreign institutional investors (FIIs) received strong response with 68 FIIs participating in it. The 68 FIIs are learnt to have submitted bids worth Rs 10,146 crore for investment in government bonds. But the amount of investment limit auctioned by Sebi is Rs 5,533 crore and consequently, the number of successful bid s
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Ahluwalia says capital markets made significant progress
Planning Commission Deputy Chairman Montek Singh remarked that the Indian capital market made a significant progress since Sebi was formed in late 1980s and going forward it needs to be even more benchmarked against global standards. He also opined that the domestic capital market withstood the pressures of the time very well and has come a long way over the
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Ahluwalia says capital markets made significant progress
Planning Commission Deputy Chairman Montek Singh remarked that the Indian capital market made a significant progress since Sebi was formed in late 1980s and going forward it needs to be even more benchmarked against global standards. He also opined that the domestic capital market withstood the pressures of the time very well and has come a long way over the
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Project finance: Time for calculating the risks
Employing probabilistic risk models could provide an objective basis of evaluating and tracking risks as they wax and wane through the project stages. Infrastructure projects are all about taking calculated risks, but before taking the risks, one needs to calculate them well,