In today's order, Sebi has also fixed individual liability of Raju, his two brothers and other individuals and companies related to the promoter family.
SAT today completed hearing in a case related to in-principle approval given by regulator Sebi to IMFI for a self-regulatory organisation for MF distributors.
ECB President Mario Draghi said for the first time last week that the 1-trillion-euro plus programme may run beyond September 2016 and that its size and composition may be adjusted.
The Nifty was trading at an eight point premium so chances are that we are at some sort of exhaustion point on the downside and the risk reward is fairly a favourable towards the upside.
The kind of timely capital expenditure that a lot of these guys have turned, specifically, in the case of JK Tyres they have expanded their radial capacity from 1.5 to 2.3.
Private sector banks is something that we continue to like. Our own take is that a lot of these banks have shown resilience, in terms, of asset quality.