Hardyboy ,is the Mr Bajaj you refer to the CA Ram ratan bajaj ?One of the independent directors at Byke?
Thanks for your efforts on contacting the management. It certainly helps us all.
Hardyboy ,is the Mr Bajaj you refer to the CA Ram ratan bajaj ?One of the independent directors at Byke?
Thanks for your efforts on contacting the management. It certainly helps us all.
In November 2012, capital markets regulator Securities and Exchange Board of India (Sebi) had allowed roll-over facility in SLB scheme. (Photo: PTI)
In a bid to increase participation in the stock lending and borrowing (SLB) market, leading stock exchange BSE will introduce the roll-over facility under this scheme from tomorrow.
SLB mechanism allows short sellers to borrow securities for making delivery. The rollover facility in the SLB session will be available for a three-month period (original contract plus two roll-over contracts).
Under the roll-over facility, lenders of securities would be allowed to extend an existing position. It means that lenders who are due to receive securities can now extend the period of lending.
Similarly, a borrower who has to return borrowed securities can extend the period of borrowing.
“… the roll-over facility in SLB segment will be launched with effect from September 7, 2015,” BSE said in a circular.
Besides, a mock trading session was conducted on Saturday to check the system performance.
Earlier in May, National Stock Exchange (NSE) had launched a roll-over facility in its SLB scheme.
Currently, the country’s SLB market is very shallow.
In November 2012, capital markets regulator Securities and Exchange Board of India (Sebi) had allowed roll-over facility in SLB scheme.
USA recently won a dispute against India at the WTO. The dispute was regarding subsidies given by the Indian govt to local solar module/cell manufacturers. Jawaharlal Nehru National Solar Mission (NSM) had mandated that certain portion of the materials under this initiative be procured locally. Subsidies were to be given to comply with this regulation. USA had alleged that such subsidies discriminate against foreign suppliers of solar cells & modules.
Here is the link to the WTO dispute details.
Here is the link to a news article regarding this verdict
Mutual funds’ AUM from B15 locations grew to Rs 1.89 lakh crore at the end of March this year from Rs 1.39 lakh crore from the year-ago level. (Thinkstock)
Investors from smaller towns may have to pay less for investing in mutual fund products as industry body Amfi is looking to reduce expense ratio by 30 basis points by October 2016.
Besides, it is planning to do away from the current practice of disclosing overall Assets Under Management (AUM) by fund houses and restrict it to only retail AUM.
These issues are expected to be discussed in the board meeting of Association of Mutual Funds in India (Amfi) on September 16 and a final decision will be taken thereafter.
“The AUM rankings published by fund houses on their websites are presently combined for all products, thereby giving a misleading picture.
“For retail products, the AUM rankings should be shown only for retail assets base,” Amfi said in a letter to Asset Management Companies (AMCs).
The development comes following a report by the government-appointed committee to suggest measures for preventing mis-selling financial products including mutual funds.
The expert panel, led by former Finance Secretary Sumit Bose, was set up by the Finance Ministry in November last year to suggest measures to curb such instances.
In the letter, Amfi has asked asset management companies to voluntarily bring down the expense ratio in centres outside the top 15 cities, called B-15 cities.
The industry body has proposed to slash expense ratio by 10 basis points, effective October 1, followed by another 10 basis points reduction, effective April 1, 2016 and further 10 basis points, effective October 1, 2016.
The removal of extra commission in B-15 centres will help in creating a level-playing field and maximise returns for investors.
Currently, there are many fund houses which are pushing the products through upfront commissions and by paying a little extra money in B-15 to increase their sales and market share.
Expense ratio is the cost of running and managing a mutual fund scheme, which is charged to the investor. It includes fund management fees, marketing or selling expenses, transaction costs, investor communication costs, among others.
“It would give tremendous boost to our industry’s image if we ourselves decide to voluntarily bring down expense ratio in B-15 centres and also change the system of disclosure of AUM effective October 1, 2015,” the letter written last week noted.
Mutual funds’ AUM from B15 locations grew to Rs 1.89 lakh crore at the end of March this year from Rs 1.39 lakh crore from the year-ago level.
Together, all 44 mutual fund houses manage assets worth more than Rs 13 lakh crore.
I think the present price is a good level to enter Orbit Exports. They are able to improve their margins due to lower raw material cost and cost cutting measures. Going forward they should be able to maintain the margins. They are also taking measures to avoid over dependence on few customers. According to an analyst report they have pricing power. They sell at $4 what Italians sell for 40 euros (China is not strong in fashion design area). Pankaj Seth the promoter says that they are a bottomline-focussed company not really interested in selling more fabric for the sake of records. Please do your analysis and take a call.
Discl: I am invested from 330 levels
Mahesh, thanks a lot clarification.My bad, it should be 2129 not 1665.
I thought, if the company puts more number of scientists into other clients, they would feel confident about its r&d capabilities.Hence i felt it number of employees dedicated to each client was very less. Thanks for AR's and for direction. I will go through them to understand it better.
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