Posts in category Business Standard
Market regulator Sebi issues guidelines on settlement penalties (30-05-2024)
Under the norms, entities can settle a matter by paying an amount, usually decided by a committee of Sebi
Sebi tweaks framework for clearing firms on liquid assets as collateral (30-05-2024)
Capital markets regulator Sebi has tweaked guidelines for accepting liquid assets as collateral by clearing corporations (CCs) and put in place prudential norms for exposure of such entities in a bid to strengthen the risk management framework.
Clearing corporations accept liquid assets with applicable haircuts to meet the requirements for initial margins and mark to market losses among others.
In its circular, the regulator said that units of growth plan of overnight mutual fund schemes would be accepted as cash equivalent by CCs with a haircut of 5 percent and for other plans of overnight mutual fund schemes, the hair cut of 10 percent would continue to be applicable.
Overnight mutual funds invest only in overnight securities having maturity of one day.
Further, equity shares with impact cost of up to 0.1 percent for an order value of Rs 1 lakh and traded for 99 percent of days over the period of previous six months would be accepted as part of other liquid assets, it said.
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Board of Gloster approves voluntary delisting from Calcutta Stock Exchange (30-05-2024)
At meeting held on 30 May 2024
Board of Orient Electric approves change in director (30-05-2024)
At meeting held on 30 May 2024
Southwest Monsoon has set in over Kerala (30-05-2024)
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Board of IndusInd Bank appoints director (30-05-2024)
At meeting held on 30 May 2024
Tradewell Holdings reports standalone net profit of Rs 2.30 crore in the March 2024 quarter (30-05-2024)
Sales rise 9950.00% to Rs 26.13 crore
Kobo Biotech reports standalone net loss of Rs 1.26 crore in the March 2024 quarter (30-05-2024)
Reported sales nil
Rasi Electrodes standalone net profit rises 42.65% in the March 2024 quarter (30-05-2024)
Sales decline 0.57% to Rs 22.74 crore
Power Grid acquires Khavda IV-E2 Power Transmission (30-05-2024)
Power Grid Corporation of India, pursuant to its selection as the successful bidder under Tariff based competitive bidding, has on 30 May 2024 acquired Khavda IV-E2 Power Transmission (KIVE2TL), the Project SPV to establish Transmission System for Evacuation of Power from potential renewable energy zone in Khavda area of Gujarat under Phase-IV (7GW) Part E2, on build, own, operate and transfer (BOOT) basis from the Bid Process Coordinator - REC Power Development and Consultancy.