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Jul 3, 2014

BSE halted trading for three hours due to network outage

MUMBAI (Reuters) – India’s second-biggest exchange operator BSE Ltd halted trading across all its markets for about three hours on Thursday due to a network outage, marking the fourth time this year the bourse has suffered from technical problems.

The latest trading disruption at BSE Ltd raised concerns about the sturdiness of the systems at a bourse that runs the BSE index, or the Sensex, considered the benchmark share index in India.

Jul 3, 2014

India’s BSE exchange halts trading due to network outage

MUMBAI, July 3 (Reuters) – India’s second-biggest exchange
operator BSE Ltd halted trading across all its markets for about
three hours on Thursday due to a network outage, marking the
fourth time this year the bourse has suffered from technical
problems.

The latest trading disruption at BSE Ltd raised concerns
about the sturdiness of the systems at a bourse that runs the
BSE index, or the Sensex, considered the benchmark
share index in India.

Jun 6, 2014

Indian regulator may probe Credit Suisse in insider trading case

MUMBAI (Reuters) – India’s stock market regulator may investigate the domestic unit of Credit Suisse Group to determine whether price sensitive information about a share deal that the authority has ruled to be insider trading was leaked by the investment bank.

The Securities and Exchange Board of India (SEBI) on Thursday accused Hong Kong-based multi-asset fund Factorial Capital Management Ltd of shorting L&T Finance Holdings Ltd before the announcement of a share sale in mid-March.

Jun 6, 2014

SEBI accuses Hong Kong hedge fund Factorial of insider trading

MUMBAI (Reuters) – The Securities Exchange Board of India (SEBI) accused Hong Kong-based Factorial Capital Management Ltd of insider trading, saying it suspected the hedge fund had shorted L&T Finance Holdings Ltd (LTFH.NS: Quote, Profile, Research) before the announcement of a share sale in mid-March.

The stock market regulator on Thursday also reserved the option of looking into Credit Suisse’s Indian unit, which had been the broker for L&T Finance’s share sale, but did not accuse the investment bank of any wrongdoing or announce the start of an actual investigation.

Jun 6, 2014

Indian regulator accuses Factorial of insider trading

MUMBAI, June 5 (Reuters) – India’s stock market regulator
accused Hong Kong-based Factorial Capital Management Ltd of
insider trading, saying it suspected the hedge fund had shorted
L&T Finance Holdings Ltd before the announcement of a
share sale in mid-March.

The Securities Exchange Board of India (SEBI) on Thursday
also reserved the option of looking into Credit Suisse’s Indian
unit, which had been the broker for L&T Finance’s share sale,
but did not accuse the investment bank of any wrongdoing or
announce the start of an actual investigation.

Jun 5, 2014

SEBI accuses Factorial of insider trading

MUMBAI (Reuters) – The Securities Exchange Board of India (SEBI) has accused Hong Kong-based Factorial Capital Management Ltd of insider trading, saying it suspected the hedge fund had shorted L&T Finance Holdings Ltd before the announcement of a share sale in the company in mid-March.

SEBI on Thursday also reserved the option of looking into Credit Suisse’s Indian unit, which had been the broker for L&T Finance’s share sale, but did not accuse the investment bank of any wrongdoing or announce the start of an actual investigation.

Jun 5, 2014

India’s market regulator accuses Factorial of insider trading

MUMBAI, June 5 (Reuters) – India’s stock market regulator
accused Hong Kong-based Factorial Capital Management Ltd of
insider trading, saying it suspected the hedge fund had shorted
L&T Finance Holdings Ltd before the announcement of a
share sale in the company in mid-March.

The Securities Exchange Board of India (SEBI) on Thursday
also reserved the option of looking into Credit Suisse’s Indian
unit, which had been the broker for L&T Finance’s share sale,
but did not accuse the investment bank of any wrongdoing or
announce the start of an actual investigation.

Jun 3, 2014

India’s central bank loosens credit to support economy, keeps rates on hold

MUMBAI (Reuters) – India’s central bank kept its key policy rate on hold on Tuesday, but eased rules to spur bank lending in a move set to be welcomed by the new pro-business government as it seeks to revive economic growth.

The Reserve Bank of India also hinted it would not raise interest rates further as long as inflationary pressures continued to ease.

Jun 3, 2014

India’s c.bank loosens credit to support economy, keeps rates on hold

MUMBAI, June 3 (Reuters) – India’s central bank kept its key
policy rate on hold on Tuesday, but eased rules to spur bank
lending in a move set to be welcomed by the new pro-business
government as it seeks to revive economic growth.

The Reserve Bank of India also hinted it would not raise
interest rates further as long as inflationary pressures
continued to ease.

Jun 3, 2014

RBI likely to hold rates as govt eases inflation worries

MUMBAI (Reuters) – Reserve Bank of India Governor Raghuram Rajan is expected to keep the country’s key lending rate unchanged and temper his tough rhetoric on inflation in a conciliatory gesture to a new government elected on a platform of reviving economic growth.

All but three of the 52 economists polled last month predicted the RBI would keep India’s policy repo rate on hold at 8 percent on Tuesday, after last raising interest rates by a quarter percentage point in January.

    • About Rafael

      "Rafael Nam is the Chief Markets Correspondent for India, overseeing markets and chat room coverage across stocks, debt and fixed income. He has recently started tweeting at @rafaelnam"
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