Sensex rises to 44-month high
Mumbai: Brisk buying in frontline stocks lifted the BSE Sensex to a new 44-month high on Monday, as bullish sentiment continued to sweep through the equity market. Technology and FMCG stocks led the rise.
Back to News Review index page  

SEBI to probe Arora's personal investments
Mumbai: The Securities and Exchange Board of India has launched a probe into the personal investments of erstwhile fund manager of Alliance Capital Mutual Fund Samir C Arora. The probe is to find out whether any personal gains have been made by Mr Arora on the basis of information he possessed as the fund manager.
Back to News Review index page  

Anil Ambani raps NSE for delaying bond issue
Mumbai: The Vice-Chairman and Managing Director of Reliance Industries, Mr Anil D. Ambani, has accused the the NSE for delaying the clearance of an application made by the Group for listing its bonds.
Back to News Review index page  

SEBI panel moots whistle-blower policy
Mumbai: In a bid to stop unethical practices by corporates and prevent frauds, the Securities and Exchange Board of India's committee on corporate governance has suggested "whistle-blower policy" where an official of a company who observes an unethical or improper practice can approach the audit committee of the company without necessarily informing his supervisors.
Back to News Review index page  

Compliance officers must for AMCs
Mumbai: SEBI has ordered that prior approval of the trustees or the trust company, every Asset Management Company should appoint a compliance officer, who should be the "first-level verifying officer" and should assist the trustees in discharging their obligations within the regulatory framework.
Back to News Review index page  

SEBI suspends CSE member
Kolkata: SEBI has suspended the registration of Mr Shyam Sunder Dalmia, a member of the Calcutta Stock Exchange, who has allegedly dealt with unregistered sub-brokers and entered into transactions with other members of the bourse and settled trades outside the exchange mechanism.
Back to News Review index page  

Two-day meet on capital market
Mumbai: Indian Institute of Capital Markets (formerly UTI Institute of Capital Markets) is holding a two-day annual capital market conference on December 17 and 18 to encourage and create knowledge for advanced and quality research in financial markets.
Back to News Review index page