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Industrial licences issued under IDR Act to be valid for 15 years from now

Licences are issued to industries under the Industries (Development and Regulation) Act

Fitch assigns 'BBB-' rating to NTPC masala bonds

Rating agency Fitch has affirmed NTPC Ltd a long-term local-currency IDR (Issuer Default Rating) of 'BBB-' and assigned 'BBB-(emr) to its masala bonds.

PNB weakest amongst state banks due to NPLs: Fitch

Saswata Guha, Director â€“ Financial Institutions, Fitch Ratings (India) told CNBC-TV18 that despite injection of capital by the government, PNB‘s balance sheet has inadequate capital to meet uncertain risks.

Rupee may trade flat to slightly positive today

According to Latha Venkatesh, the morning can start on a positive note, maybe the dollar would be cheaper than 61/USD but because there has been such a global dollar buying spree it has mellowed a little as one gets closer to the Asian trading.

Sebi allows partial flexibility for IDR investors

Sebi today said investors will have partial flexibility in dealing with Indian Depository Receipts and can convert up to 25% of their IDRs into underlying shares in a financial year.

RBI, Sebi allow flexibility for IDRs; issuance cap at $5bn

Financial regulators -- RBI and Sebi -- today allowed partial flexibility in conversion of Indian Depository Receipts (IDRs) into equity shares by investors, while capping the funds to be raised through IDRs at USD 5 billion.

MoF likely to propose $5bn cap on two way fungibility

Sources say that the Ministry of Finance (MoF) is likely to put a cap of USD 5 billion on two way fungibility, reports CNBC-TV18's Aakansha Sethi.

IDR 2-way fungibility; Standard Chartered up 20%

Standard Chartered PLC touched an intraday high of Rs 94.20 and an intraday low of Rs 77.35. At 14:41 hrs the share was quoting at Rs 94.20, up Rs 15.70, or 20%.

5 FIIs of StanChart IDRs explore legal options against SEBI

Sources from the legal community said that at least five good quality Foreign Institutional Investors (FII) have been seeking legal opinions to evaluate their options going forward. Currently, they might file representations with SEBI, though moving court has still not been ruled out. CNBC-TV18’s Nayantara Rai reports more.

Sebi ruling on StanChart IDR may pave way for conversion

Sebi on Friday ruled that StanChart need not convert the IDRs into underlying shares (listed on the LSE) after the one-year lock-in that ends this week. Sebi seems to have taken the view that there is enough liquidity in the IDRs and so the company need not redeem the IDRs

Hope regulators will evolve structure for IDRs: StanChart

UK's Standard Chartered Bank, which is the first and only foreign lender to issue Indian depository receipts, will not be required to convert their IDRs into shares as per the guidelines issued by the Sebi. Talking about the issue, StanChart's group chief executive, Jaspal Bindra said the convertibility was subject to regulations.

SEBI Issues framework for IDR redemption

A year after the listing India’s first depository receipt, the Securities Exchange Board of India (SEBI) are coming out with further guidelines. In a released a circular on Friday, regulators have allowed redemption of illiquid Indian Depository Receipts (IDRs), reports CNBC-TV18’s Gopika Gopakumar.

Retain non-compete fee in takeover code: Industry officials

The finance ministry held stakeholder consultations on the takeover code on Thursday. CNBC-TV18's Aakansha Sethi shares more details on the issue.

Restoring trust the biggest test for global banks: HSBC

HSBC group chairman Douglas Flint told CNBC-TV18’s Shereen Bhan that the number one challenge that faces the global banking business is reestablishing trust and to get everyone on the same agenda.