document.writeln("

Sebi disallows hand delivery bargains on exchanges
Mumbai: As per a ruling by the market regulator, the Securities and Exchange Board of India (Sebi), hand delivery bargains on stock exchanges have now been disallowed, barring exceptional circumstances. The capital market regulator has directed that all transactions would now be settled through the clearing corporation and the clearing-house of the stock exchanges.

Hand delivery bargains and delivery versus payments (DVP) would only be allowed if in case of exceptional circumstances such as total connectivity failure at the exchange/STP, on international holidays, or the closing down of national and international centres due to calamities, the regulator has said.
Back to News Review index page  

SEBI: SEs to open separate trading window for block deals
Mumbai: Sebi has asked all exchanges to provide a separate trading window for execution of block deals in which a minimum of 5 lakh shares are traded in a single transaction or the value of the transaction is at least Rs5 crore.

As per SEBIs directive, the special trading window will be kept open only from 9.55 am to 10.30 am and transactions done through this separate window will constitute a 'block deal'.
Back to News Review index page  

LIC to invest Rs.9,000 crore more in equities this fiscal
New Delhi: The Life Insurance Corporation intends to increase its exposure to equities in the current fiscal to 10 per cent as against the present level of 8 per cent. According to the chairman of LIC, A.K. Shukla, this would involve additional outlays towards equities to the tune of Rs9,000 crore.

He, however, cautioned that the corporation's future strategy was dependant on market conditions. Shukla also said that the corporation did not have any plans of coming out with a public offer. He also said that LIC has set a target of 50 per cent growth in its business in its Golden Jubilee year.

According to Shukla, the corporation was also planning a major technology initiative, including a data warehousing facility shortly. "The data warehousing facility will be unique and largest in the world," Shukla said. The facility be able to handle the huge database for the corporation's 16 crore policyholders.
Back to News Review index page