Happy Holi & Dhuleti !
Mar 27, 2013
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 www.bseindia.com 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.
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.
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.
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.
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,
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