Former Sebi chairman M Damodaran today criticised the move to set up a super regulator for all financial sectors and said what is needed instead is more freedom and autonomy for the regulators.
Posts tagged MC
Damodaran flays SEBI-FMC merger, idea of super regulator (22-09-2015)
Sebi fines PACL Rs 7,269 crore for illegal raising of funds (22-09-2015)
The penalty follows another order by Sebi last year wherein PACL was asked to refund Rs 49,100 crore it had collected through illicit schemes over a 15-year period
SC admits taxman’s plea seeking Rs 985-cr dues from Sanofi (22-09-2015)
Sanofi counsels argued that SC’s stance in the matter would give clarity to a number of pending tax battles involving cross border transactions.
BSE monitoring Amtek; seeks reply on bond payment default (22-09-2015)
Amtek also said it was not aware of any information that has not been announced to the exchanges which could explain movement of the share price.
Gold weakens on lacklusture buying, global uncertainty (22-09-2015)
Standard gold (99.5 purity) edged down by Rs 55 to conclude at Rs 26,160 per 10 grams from Monday’s close of Rs 26,215.
India will contribute greatly to SDGs success: Panagariya (22-09-2015)
India’s success in sustaining high growth and poverty alleviation will substantially contribute to achieving the ambitious Sustainable Development Goals, a top policy adviser to the Indian government has said.
UltraTech commissions 1.6 MTPA grinding unit in Haryana (22-09-2015)
With commissioning of the firm’s 13th unit, UltraTech’s total cement capacity has reached 63.1 MTPA, it said in a regulatory filing
Private capex spend may be up to Rs 3 tn in FY16: Ind-Ra (22-09-2015)
The rating outfit estimated that the capex spending in FY15 may have nosedived to Rs 2.76-2.8 trillion, the lowest in last five years.
Stage set for mines auction to begin in November: Tomar (22-09-2015)
Steel and Mines Minister Narendra Singh Tomar today said that all the formalities for auction of mines bearing minerals like iron ore and bauxite have been completed and the auction process will start in November.
Godrej consumer appliances eyes 20% growth in FY16 (22-09-2015)
Business head of Godrej Appliances Kamal Nandi said last fiscal, the business division clocked a revenue of Rs 2,750 crore, which contributed to 33 percent of Godrej Boyce’s total revenue