HSE resumes operations
Hyderabad: The Hyderabad Stock Exchange (HSE) has started trading activities in cash market segment. The company had on August 29 announced a temporary suspension of trading activities following directives of SEBI pertaining to VaR (value at risk) margin.

The market regulator had advised all exchanges to implement the calculation of VaR margin at least five times intra-day based on the closing price of the previous day. The HSE had submitted to the SEBI that the exchange took all adequate measures to ensure safety and security of the market by way of collecting 100 per cent upfront margins, pay-in on T+1 basis, bringing all the stocks under trade-for-trade segment and also reducing the circuit filter to two per cent.
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Sebi upholds order against Millennium Cybertech
Mumbai: SEBI has upheld its ad interim ex-parte order of January 26, 2006, against Millennium Cybertech, refraining the company from trading in equity shares or any other instrument convertible into equity shares.
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CRISIL assigns highest rating to ING Vysya's MF
New Delhi: Rating agency Crisil has assigned the highest rating to the proposed Dynamic Asset Allocation Fund (DAA) of ING Vysya Mutual Fund.

It has assigned the 'AAA(so)' ratings to ING Vysya Dynamic Asset Allocation Fund, indicating the highest degree of certainty regarding timely payment of the face value of the units to unit holders on the scheme's maturity, the rating agency said in a release.

The rating is not a comment on the scheme's Net Asset Value (NAV) in relation to its face value, in case the units are repurchased any time prior to the scheme's maturity date, it said.
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