Mar 27, 2013

Happy Holi & Dhuleti !

Posted on Wednesday, March 27, 2013 | Categories:

Mar 24, 2013

Minimum Public Float stipulation, 190 companies still don’t care SEBI

Minimum Public Float stipulation, 190 companies still don’t care SEBI;
The information was provided by  Corporate Affairs Minister Sachin Pilot in Lok Sabha in a written reply of a question asked to him.
According to Sebi, companies could meet the norms by many routes including Offer for Sale, Institutional Placement Programme, bonus and rights issues to public shareholders.In a circular issued in August 2012, the market regulator had said that companies seeking to achieve MPS by ways, other than prescribed, could approach it.
The answer also noted that It is also mentioned in the circular that listed entities desirous of seeking any relaxation from the available methods may approach Sebi with appropriate details. So we can confer that there will be more extensions to many companies in specific or another extension to deadline in general for the MPS stipulatin.

The SEBI stretched the minimum public float requirement for listed firms one year in 2012 for their convenience till June 2013. But it looks after two years of extension of limit, still many companies don’t care about it.
As on December, 2012 at total of 190 companies, including 14 PSUs, are yet to meet this minimum prescribed public shareholding norms. As on that date these stake was worth Rs.30,000 crore.  Sebi has also initiated consultations with non-compliant companies to resolve all outstanding issues for ensuring adherence to this requirement. But it is highly contemptuous as the market condition of debt as well as equity does not seem to be very good for a fund raising or stake dilution even environment.

BSE India Web Review

BSE and NSE are the two main bourses in India (while the third MCX-SX is just on the way to open). Out of it, BSE is the oldest stock exchange of Asia while second oldest in the whole world founded in 1875.
In this article we are going to give review on which is the official website of Bombay Stock Exchange India Ltd.
BSE website is worth a huge applaud (same with NSE), when they are compared with their counterparts in other countries. BSE website is more featureful and useful to not just investors, and traders and general public trying to find general information but also the professionals in capital markets.
BSE has this ‘Market Galaxy’ window on its home page which pops open when you click on ‘full view’ option. This gives the names of the stocks along with the happenings like high turnover than usual, yearly high, yearly low, lifetime high, lifetime low etc. This helps user to find the most active stocks. This feature also adds curiosity excitement to its website use.

Mar 19, 2013

Global Indices traded on NSE India and BSE India

Click below to find product details and specification about the global indices being trades on NSE, Global Indices listed on NSE, World indices traded on NSE India
Below I the link for live prices of Dow Jones, S&P500, FTSE100 futures and options traded on NSE

DETAILS OF GLOBAL INDICES TRADED ON BSE- Brazil, Russia, South Africa, China
Below is the CONTRACT SPECIFICATIONS OF FTSE/JSE Top40 futures of South Africa’s Johannesburg Stock Exchange, Brazil’s Bovespa, Russia’s MICEX, Hang Seng of China
(However, it seems there is no trading on BSE for the global indices at all, not a single contract traded as on today)

Mar 18, 2013

Global Central Banks purchases most gold since 1964

Global Central Banks purchases most gold since 1964
According to data released by World Gold Council, the central banks added 534.6 tonnes of gold to reserves in 2012, the most since 1964.
It is also expected that more than 250 tonnes will be bought again in 2013 and 2014.
The WGC also says that central banks are increasing purchases of gold, yen and china’s currency to reduce their dollar and euro holding as a percentage of total reserves.
Posted on Monday, March 18, 2013 | Categories:

565$ billion inflow in global mutual fund industry in 2012

565$ billion inflow in global mutual fund industry in 2012

The global mutual fund industry witnessed a growth of 3.9% in 2012 with an inflow of 565$ billion. This excludes 535$ billion in fixed income funds during 2012. The AUM or asset under management also increased 39% between 2007 and the end of 2012.
The fixed income flows consist of almost 95% of the long term flow, rest you can imagine.
In the USA also the open end funds and ETF witnessed sharp rise in inflows to pre-crisis levels which led to industry assets rising to record of $10.6 trillion.
The management fee earned by non-money market funds netted 8.3$ billion in 2012, which was 9.7$ billion in 2007.

Posted on Monday, March 18, 2013 | Categories:

Mar 16, 2013

Mar 12, 2013

FM declines any money-laundering attempt via P-NOTES. P-NOTES notional value 1.38 lakh crore at the end of 2011

FM declines any moneylaundering attempt via P-NOTES. P-NOTES notional value 1.38 lakh crore at the end of 2011.
In reply to a question asked in Loksabha, Finance Minister P Chidambaram on Friday said the Securities and Exchange Board of India and the enforcement directorate have not come across any instance of Participatory Notes, through which foreign institutional investors invest in Indian stock markets, being used for money laundering.
At the end of December 2012, the notional value of outstanding PNs stood at Rs 1.51 lakh crore, higher than Rs 1.38 lakh crore at the end of 2011.
Currently FIIs issuing PNs has to report details such as name, location, type and jurisdiction of the end beneficial owner of the instrument on a monthly basis to market regulator Sebi.
FIIs are also required to provide an undertaking that they have not issued the PNs to Indian residents or non-resident Indians and KYC compliance norms have been followed for beneficial owner of the PN.
A PN is a derivative instrument issued by Sebi registered FIIs against underlying Indian securities. The investor in PN has neither ownership of the underlying Indian securities nor any voting rights.
Posted on Tuesday, March 12, 2013 | Categories:

Mar 5, 2013

What is the global benchmark futures contract for Corn/Maize/

What is the global benchmark corn/maize futures contract?
Global corn futures benchmark contract used to trade on MATIF, which was a commodities exchange in Paris.
It was merged in Euronext and traded on LIFFE platform of the Euronext.

Below is the link for contract specifications,

You can find delayed prices of the same on below link,

You can get corn futures prices traded on CBOT (Chicago Board of Trade) here,