The National Stock Exchange (NSE) is planning to operationalize the proposed SME Exchange in coming months, after getting approval from the Securities and Exchange Board of India (SEBI). The NSE along with Small Industries Development Bank of India (SIDBI) is also planning to set up this exchange and has got approval from the SEBI. Earlier, [...]

The Securities and Exchange Board of India (SEBI) is planning to shift responsibility of informing clients of transactions in their accounts, to stock exchange so that brokers cannot misuse their funds. The proposal, if implemented, will give alert messages to clients immediately after trading transacted in their respective accounts, unlike in the past when intimation [...]

Bombay Stock Exchange (BSE) has resolved 220 investor complaints against 133 listed companies in the month of June 2011.Some of these complaints belong to previous period as well. BSE has received around 177 fresh complaints against 138 companies in June. Most of these complaints are regarding non-receipt of money, debt securities, equity shares, interest on [...]

The Competition Commission (CCI) has asked the National Stock Exchange (NSE) to pay Rs 55.5 crore fine within 30 days and has also stopped subsidizing its services, with immediate effect. As stated by Competition Panel in its order, “The NSE had clear intention to eliminate rivals from the relevant marketplace.” Accordingly, the CCI has penalized [...]

The debt for infrastructure would be in the state of private equity funds of venture capital and would avail special tax incentives As these proposed funds will be subscribe by foreign investors and therefore they will also enjoy exemptions from Securities and Exchange Board of India (SEBI) regulations for foreign VC funds and also under [...]

Two reputed public sector lenders- Allahabad Bank and State Bank of Travancore (SBT) have decided to raise their lending rates by 50 basis points. SBT has already informed the Bombay Stock Exchange that they have increased the base rate to 9% from 8.5%. Similarly, the bank has also raised their benchmark prime lending rate (BPLR), [...]

Investors who have DEMAT accounts can use the same account to hold their mutual funds units also. It is however not mandatory to convert units into demat form. Investors can also use the electronic platforms of stock exchanges to transact in their mutual fund units through the brokers of the stock exchange. For carrying this [...]

Leading asset management firm Reliance Mutual Fund has launched an open-ended index fund which will invest in companies whose securities are covered in the Nifty and the Sensex. The new fund offer (NFO) closes on September 23, 2010. The minimum investment amount for the scheme is Rs 5,000. The scheme investment portfolio includes 95-100% investment [...]

Bharti AXA Investment Managers, a joint venture between Bharti Ventures Ltd, AXA Investment Managers (AXA IM) and AXA Asia Pacific Holdings (AXA APH), through its wholly owned subsidiary National Mutual International Pty. Limited has announced the removal of exit loads for its regular equity growth schemes. The three funds, Bharti AXA Equity Fund, Bharti AXA Focused Infrastructure Fund and Bharti AXA Tax Advantage Fund, will no longer have any exit load with effect from September 1, 2010.

Reliance Mutual Fund, announced the launch of new fund offer (NFO) for Small Cap Fund, which will invest in small cap companies. NFO opens on August 26 and closes on September 9th.