Deprecated function: Creation of dynamic property MergeQuery::$condition is deprecated in MergeQuery->__construct() (line 1357 of /home/topnewse/public_html/topnewsnl/includes/database/query.inc).
Deprecated function: Creation of dynamic property DatabaseCondition::$stringVersion is deprecated in DatabaseCondition->compile() (line 1887 of /home/topnewse/public_html/topnewsnl/includes/database/query.inc).
Deprecated function: Creation of dynamic property DatabaseCondition::$stringVersion is deprecated in DatabaseCondition->compile() (line 1887 of /home/topnewse/public_html/topnewsnl/includes/database/query.inc).
Deprecated function: Creation of dynamic property DatabaseCondition::$stringVersion is deprecated in DatabaseCondition->compile() (line 1887 of /home/topnewse/public_html/topnewsnl/includes/database/query.inc).
Deprecated function: Creation of dynamic property DatabaseCondition::$stringVersion is deprecated in DatabaseCondition->compile() (line 1887 of /home/topnewse/public_html/topnewsnl/includes/database/query.inc).
The shareholders of Pyramid Saimira has reason to smile as the Securities and Exchange Board of India (Sebi) has directed the company to make an open offer at a minimum price of Rs 250 to acquire additional 20 per cent shares of company from the public. Its shares are currently trading at Rs 75.40 from around Rs 38 on December 1.
SEBI has asked promoter CMD to make offer within 14 days. The Company Secretary of Chenni-based PSTL, Kanhu Charan confirmed a letter from SEBI.
The Securities and Exchange Board of India (Sebi) has increased the MF borrowing limit to 40 per cent without any publicity. Earlier, the borrowing limit was 20 per cent of net assets of the schemes. The move would prove beneficial for mutual fund industry which is under huge pressure due to global financial crisis. Mutual funds suffered a huge loss in their assets under management (AUM) during the year.
The Securities and Exchange Board of India (SEBI) is thinking of further tightening the norms related to Fixed Maturity Plans (FMPs). The Mutual Fund Advisory committee of SEBI discussed the matter on Friday, to amend norms of asset-liability. The board discussed the compulsory alignment of portfolio with scheme tenure, accountability of trustees and segregation of funds for corporate and retail investors. The regulator has the opinion that amendment in norms is necessary in the wake of the ongoing recessionary waves. However, investors can lose interest in case of further tightening of norms. Investors believe that tax advantage can make FMPs more profitable.
The Securities & Exchange Board of India (SEBI) is all set to allow exchange trading in corporate bonds. The step is aimed to help infrastructure to raise low-cost funds which would have long repayment period. It would help to bring transparency in the corporate bond market and attract investors to invest in long-term bonds.
Stock market regulator, Securities and Exchange Board of India (Sebi) has imposed ban on the premature exits from close-ended funds. It would now be necessary for all close-ended funds to list on the bourses. SEBI board has also announced to extend validity for public offers and rights, from three months to one year on the condition of filing of fresh document with the market regulator. All policy related news can be accessed from the website of the regulator. The new rules would be implemented on all new schemes while existing schemes would not be covered under new rules.
The shareholders of Pyramid Saimira has reason to smile as the Securities and Exchange Board of India (Sebi) has directed the company to make an open offer at a minimum price of Rs 250 to acquire additional 20 per cent shares of company from the public. Its shares are currently trading at Rs 75.40 from around Rs 38 on December 1.
The Securities and Exchange Board of India (Sebi) has increased the MF borrowing limit to 40 per cent without any publicity. Earlier, the borrowing limit was 20 per cent of net assets of the schemes. The move would prove beneficial for mutual fund industry which is under huge pressure due to global financial crisis. Mutual funds suffered a huge loss in their assets under management (AUM) during the year.
All listed
