Himank's Feed
Nov 21, 2014

India monitors foreign flows into debt funds, may tighten rules

MUMBAI, Nov 21 (Reuters) – Worried by potentially
destabilising hot money flows, India’s central bank could take
action if foreign investors pour excessive amounts into mutual
funds to bypass limits on ownership of government debt,
according to a senior policymaker.

Foreign institutional investors (FIIs) have almost reached
their $25 billion limit on direct holdings of government debt,
but have begun raising their exposure by investing through
debt-focused domestic mutual funds.

Nov 19, 2014

SEBI approves new insider trading rules

MUMBAI (Reuters) – The Securities and Exchange Board of India (SEBI) on Wednesday approved new rules on insider trading that will replace a two-decade old law as part of efforts to boost investor confidence in markets.

The rules, which are based on recommendations first revealed late last year, broaden the scope of who can be held liable for insider trading violations and require company officials to be more transparent about their trading activities.

Nov 19, 2014

India’s securities regulator approves new insider trading rules

MUMBAI, Nov 19 (Reuters) – India’s securities regulator on
Wednesday approved new rules on insider trading that will
replace a two-decade old law as part of efforts to boost
investor confidence in markets.

The rules, which are based on recommendations first revealed
late last year, broaden the scope of who can be held liable for
insider trading violations and require company officials to be
more transparent about their trading activities.

Oct 31, 2014

SEBI piles pressure on Sahara to sell overseas hotels

MUMBAI (Reuters) – The Securities and Exchange Board of India (SEBI) has accused Sahara of deliberately failing to sell its marquee overseas hotels in New York and London, seen as crucial to it complying with an order to repay investors and secure the release of jailed head Subrata Roy.

Roy, one of India’s best-known business tycoons, has been held in a Delhi jail for nearly eight months over the conglomerate’s failure to refund billions of dollars the group raised in outlawed bonds.

Oct 31, 2014

Indian regulator piles pressure on Sahara to sell overseas hotels

MUMBAI, Oct 31 (Reuters) – India’s markets regulator has
accused Sahara of deliberately failing to sell its marquee
overseas hotels in New York and London, seen as crucial to it
complying with an order to repay investors and secure the
release of jailed head Subrata Roy.

Roy, one of India’s best-known business tycoons, has been
held in a Delhi jail for nearly eight months over the
conglomerate’s failure to refund billions of dollars the group
raised in outlawed bonds.

Oct 30, 2014

Court to let DLF sell fund investments, providing relief

MUMBAI (Reuters) – An appeals court on Thursday paved the way for DLF, the country’s biggest property developer, to sell its mutual fund investments, providing relief to a debt-laden firm reeling after regulators stopped it tapping capital markets for three years.

The three-member Securities Appellate Tribunal (SAT) asked DLF (DLF.NS: Quote, Profile, Research) to submit an affidavit by Monday stating the amount it wished to redeem in mutual fund investments. In its appeal document, DLF said it had more than 20 billion rupees ($325 million) invested in these funds.

Oct 30, 2014

Indian court to let DLF sell fund investments, providing relief

MUMBAI, Oct 30 (Reuters) – An Indian appeals court on
Thursday paved the way for DLF, the country’s biggest property
developer, to sell its mutual fund investments, providing relief
to a debt-laden firm reeling after regulators stopped it tapping
capital markets for three years.

The three-member Securities Appellate Tribunal (SAT) asked
DLF to submit an affidavit by Monday stating the amount
it wished to redeem in mutual fund investments. In its appeal
document, DLF said it had more than 20 billion rupees ($325
million) invested in these funds.

Oct 22, 2014

DLF seeks interim relief from capital market ban

MUMBAI (Reuters) – DLF Ltd (DLF.NS: Quote, Profile, Research) on Wednesday appealed for interim relief from the securities regulator order last week barring India’s biggest listed property company from tapping capital markets for three years, the company’s lawyers said.

DLF lodged its appeal with the Securities Appellate Tribunal, which will conduct the next hearing on Oct. 30. The court rules on appeals for rulings from the securities regulator.

Oct 22, 2014

India’s DLF seeks interim relief from capital market ban

MUMBAI, Oct 22 (Reuters) – DLF Ltd on Wednesday
appealed for interim relief from the securities regulator order
last week barring India’s biggest listed property company from
tapping capital markets for three years, the company’s lawyers
said.

DLF lodged its appeal with the Securities Appellate
Tribunal, which will conduct the next hearing on Oct. 30. The
court rules on appeals for rulings from the securities
regulator.

Oct 17, 2014

Lax emissions reporting makes green firms hard to find in emerging markets

MUMBAI (Reuters) – Global investors are increasingly seeking green assets as they become more concerned of the potential financial cost of climate change, but in emerging markets such as India, inadequate disclosure standards make such assets difficult to find.

Companies reporting emissions, demonstrating readiness for sudden change in the weather, and assessing climate-related risk on a regular basis will attract overseas investment, finance executives and asset managers said at the Reuters Global Climate Change Summit.