Himank's Feed
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.

Oct 16, 2014

SEBI confirms ban for Hong Kong hedge fund

MUMBAI (Reuters) – The Securities and Exchange Board of India’s (SEBI) confirmed its ban on Hong Kong-based hedge fund Factorial Capital Management Ltd on Thursday, saying the fund had not been able to disprove insider trading charges levelled against it earlier this year.

SEBI ban is the latest in a series of actions by the watchdog to crack down on rogue trades and wayward companies, in a bid to boost investor confidence in Indian capital markets.

Oct 16, 2014

India regulator confirms ban for Hong Kong hedge fund

MUMBAI, Oct 16 (Reuters) – India’s market regulator
confirmed its ban on Hong Kong-based hedge fund Factorial
Capital Management Ltd on Thursday, saying the fund had not been
able to disprove insider trading charges levelled against it
earlier this year.

The Securities and Exchange Board of India’s (SEBI) ban is
the latest in a series of actions by the watchdog to crack down
on rogue trades and wayward companies, in a bid to boost
investor confidence in Indian capital markets.

Oct 15, 2014

Opaque company filings provide fertile ground for aggressive SEBI

MUMBAI (Reuters) – In the name of investor protection, India’s capital markets watchdog is telling companies on the Mumbai bourse to disclose more information when the situation calls for it – or else.

The Securities and Exchange Board of India (SEBI) drove home that message on Monday when it banished DLF Ltd from the capital markets for three years, its toughest ruling ever.

Oct 15, 2014

Opaque company filings provide fertile ground for aggressive India regulator

MUMBAI, Oct 15 (Reuters) – In the name of investor
protection, India’s capital markets watchdog is telling
companies on the Mumbai bourse to disclose more information when
the situation calls for it – or else.

The Securities and Exchange Board of India (SEBI) drove home
that message on Monday when it banished DLF Ltd from
the capital markets for three years, its toughest ruling ever.

Oct 14, 2014

DLF, India’s most indebted property firm, faces tough choices after fund-raising ban

NEW DELHI/MUMBAI (Reuters) – DLF Ltd will be forced to sell assets, even unfinished projects, to meet debt obligations, say bankers, after India’s biggest property firm was banned from the capital markets for three years – the market regulator’s harshest penalty ever.

The Securities and Exchange Board of India (SEBI) ruling on Monday will cut off DLF’s access to the Mumbai stock market, Asia’s best-performing bourse this year. The company, shouldering $3 billion of debt, will also be barred from the bond market just as its free cash flow sinks to multi-year lows.

Oct 13, 2014

SEBI bars property giant DLF from capital markets

MUMBAI/NEW DELHI (Reuters) – India’s market regulator SEBI has barred the country’s largest listed property developer DLF Ltd from tapping capital markets for three years in one of the watchdog’s toughest punishments to date.

The ban, a blow to the heavily indebted real estate firm, follows what the regulator said was DLF’s failure to provide key information on subsidiaries and pending legal cases at the time of its record-breaking 2007 initial public offering.

Oct 13, 2014

Watchdog bars Indian property giant DLF from capital markets

MUMBAI/NEW DELHI, Oct 13 (Reuters) – India’s market
regulator has barred the country’s largest listed property
developer DLF Ltd from tapping capital markets for
three years in one of the watchdog’s toughest punishments to
date.

The ban, a blow to the heavily indebted real estate firm,
follows what the regulator said was DLF’s failure to provide key
information on subsidiaries and pending legal cases at the time
of its record-breaking 2007 initial public offering.