Forest-laden Bhutan, sandwiched between China and India, has a population of about 777,000 and has long sought to diversify an economy reliant on hydropower revenues
Posts in category Business Standard
India’s 10-year bond yield falls to 1-year-low ahead of Fed rate decision (03-05-2023)
Madan Sabnavis, Chief Economist, Bank of Baroda said Bond yields have come down sharply due to factors like Sudden demand for bonds by HDFC group ahead of merger
Indices end in red after 8-day rally; Sensex dips 161.41 points (03-05-2023)
The broader NSE Nifty fell 57.80 points or 0.32 per cent to end at 18,089.85.
Mulling performance-linked incentives for mutual funds, says Sebi ED (03-05-2023)
Capital markets regulator Sebi is looking at introducing a performance-linked incentive for mutual funds and will soon be coming out with a consultative paper on the same, a senior official said on Wednesday.
The Securities and Exchange Board of India (Sebi) has suspended the ‘B30 scheme’ which pushed the industry to go to newer geographies, because of undesirable practices, and will soon be coming out with a revised scheme, the watchdog’s executive director Manoj Kumar said.
Kumar said Sebi generally focuses on pushing the industry to pass on the benefits of changes like technology to the MF (Mutual Fund) investors, which may not be welcomed in certain quarters in the industry.
” we are trying to focus. Shortly, you will see once we come out with a consultative paper where we will try to link performance and try to see surrounding that performance what incentive structure we can create,” Kumar said while speaking at a MF summit organised by industry lobby CII.
He, however, did not
Oil extends loses by 5%, falls below $73 a barrel; Brent futures dips 3% (03-05-2023)
Both benchmarks closed at their lowest since late March in the previous session, when they also recorded their biggest one-day percentage declines since early January
Futures and options segment hit new highs in April despite STT hike (03-05-2023)
From April 1, the centre increased the STT on sales of futures and option (F&O) contracts by 25 per cent
Sebi introduces legal identifier system for issuers with listed NCDs (03-05-2023)
Capital markets regulator Sebi on Wednesday introduced Legal Entity Identifier (LEI) system for issuers that have listed or planning to list non-convertible securities, securitised debt instruments and security receipts.
LEI, a unique global identifier for legal entities participating in financial transactions, is designed to create a global reference data system that uniquely identifies every legal entity, in any jurisdiction, that is party to a financial transaction. It is a unique 20-character code to identify legally distinct entities that engage in financial transactions.
Presently, Reserve Bank of India (RBI) mandates non-individual borrowers having aggregate exposure of above Rs 25 crore to obtain LEI code.
In view of this, Sebi said that issuers having outstanding listed non-convertible securities as on August 31 will have to obtain and report the LEI code in the centralised database of corporate bonds by September 1, according to a circular.
Similarly, issuers having …
Alchemy India Long Term Fund relocates from Mauritius to Gift City IFSC (03-05-2023)
Industry players said more such funds could move to Gift City as the tax treatment is now at par with other global jurisdiction
Crisil launches three new AIF benchmarks to gauge performance (03-05-2023)
With this Crisil has 10 benchmarks across the three AIF categories
Gold firms up above $2,000 level amid volatility as Fed verdict nears (03-05-2023)
(Reuters) – Gold firmed well above the $2,000 level on Wednesday, buoyed by uncertainty surrounding the U.S. debt ceiling and other economic headwinds, while investors braced themselves for the Federal Reserve’s monetary policy decision.