BAML strategists pointed to slowing flows and hesitant price action in credit markets as signs of strain.
"This (e-mandate) is completely paperless framework that will reduce the time taken for mandate approval to 3 days from 10 to 35 days taken for paper based mandate approval," BSE said in a statement.
The auction will be conducted on NSE's e-bid platform from 1530 hrs to 1730 hrs after the close of market hours, the exchange said in a circular.
"The strategic investor(s) shall, either jointly or severally, invest not less than 5 per cent and not more than 25 per cent of the total offer size," Securities and Exchange Board of India (Sebi) said in a circular.
The markets regulator, Securities and Exchange Board of India, last week barred Price Waterhouse from auditing listed companies in the country for two years, after a probe into a nearly decade-old accounting fraud case in a software services company that became India's biggest corporate scandal.
The move comes amidst rising interest rates in the US and ahead of the new financial year back home, when demand for exim loans normally spikes.
Kumar is an agro-industry veteran who has worked for companies like National Bulk Handling Corporation, Cargill, Reliance Industries, Arthur Andersen, ITC Ltd, Britannia and Sharp Group. He had also worked at NCDEX as chief business officer between June 2009 to September 2014.
Merrill Lynch today offloaded shares worth Rs 1,931 crore in telecom operator Bharti Airtel, through an open market transaction.
The stock exchange has also informed its trading members that once commodity derivatives are launched, their trading would be conducted on the exchange's BOLT Plus. The platform currently offers trading in equities, equity derivatives as well as currency derivatives.
The Sebi ban on Price Waterhouse or PwC (India), opens a pandora’s box in terms of the practices, competition and need for more players in auditing even as the troubled firm seeks a stay on the market regulator’s order.
Domestic ratings agency Icra had pegged the mark-to-market (MTM) losses for the Indian banking system due to the rising yields at Rs 15,500 crore for the quarter, with the state-run lenders taking 80 percent of the total impact.
US West Texas Intermediate (WTI) crude futures were unchanged at USD 64.30 a barrel. Trading was relatively slow due to a national holiday in the United States.
This is in addition to 11 properties of the company that were auctioned in December as well as on January 10 and their combined reserve price was Rs 552 crore.
The exchange is also keen on options trading in more agri-commodities, enthused by the results of guarseed option that was launched last week, he said.
Kumar, a former chief business officer at NCDEX, is likely to assume the office next week. The exchange's selection committee had picked his name for the MD and CEO's post from a list of 11 candidates.
HDFC board has approved to raise Rs 11,301 crore by issuing issuing 6.43 crore shares at Rs 1,726.05 per share to investors.
Experts believe that the proposal would encourage companies to announce higher dividends and improve yields for retail investors.
SEBI observed that the whole episode spread over eight years could not have been possible without the knowledge of the statutory auditors.
While admitting that there may be severe competitive pressure once other players enter the fray, MCX MD, Mrugank Madhukar Paranjape feels pricing alone cannot be the clinching factor
Securities and Exchange Board of India (Sebi) wants “unit-based” taxation for products broadly categorised as hedge funds
High net worth individuals are showing a lot of interest in trading the shares of stressed companies on anticipation that these firms have some intrinsic value left in them.
More companies will tap the initial public offer (IPO) route for business expansion plans, to support working capital requirements and other general corporate purposes.
Tron more than doubled on Thursday alone after a tweet from its founder Justin Sun said that the firm ‘will announce our partnership with a very prestigious public listed company next week. Looking forward to it!’
This is in addition to 14 properties of the group that were scheduled to be auctioned in June last year and their combined reserve price was over Rs 54 crore.
This comes on top of close to 3,500 new FPIs registering with Sebi in the preceding fiscal.