Sebi wants DPs to submit tariff structure every year
Mumbai: Depository participants (DPs) must submit the tariff/charge structure every year, latest by April 30 to their depository in order to facilitate comparison of DP tariff/charge structure for investors a Sebi circular has said.
It also said that DPs will have to inform investors of any changes in their tariff/charge structure as and when they are affected.

The regulator has asked depositories to put in place necessary systems and procedures including formats, periodicity, etc for collection of necessary data from the DPs and its dissemination on their Web Site. This will enable investors to have a comparative analysis of the tariff/charge structure of various DPs.
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Reliance Mutual fund buys stake in Air Deccan
Mumbai: Reliance Vision, a mutual fund scheme under the Reliance Mutual fund umbrella has acquired a 3.5 pc stake in Air Deccan. A Reliance capital spokesperson said the stake has been acquired over the past few months purely as a mutual fund play, one amongst many in the mutual fund portfolio.

Commenting on the group's plan to take a strategic stake in the airline, he said the company has no plans to enter the aviation business. The average price of the acquisition could not be ascertained. The Air Deccan share fell 10 pc to Rs 119 on the BSE.
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SpiceJet to raise $80mn thru 20 pc preferential issue
New Delhi: Low-cost airline SpiceJet has announced raising about $ 80 million by issuing equity shares through preferential allotment to domestic and foreign investors, to fund its expansion programmes. The equity to be offered would be about 20 per cent of the company's share capital.

The company has received investment proposals worth $ 118 million from different investors, including the Tatas, Texas Pacific Group Ventures, Istithmar PJSC and Goldman Sachs.

Ajay Singh, director SpiceJet said, "Given the approval from the board, Tata group is set to acquire 7.5 per cent stake in the company. Tata's investment would be symbolic. Apart from the financial aspect, we will ask it to participate through its managerial experience and network."

The investment proposals include an offer of Tata Investment Corporation at $ 1.2 million, Ewart Investments - an investment company of the Tata group at $16 million, $ 30 million from private equity fund, Texas Pacific group, $ 25 million from Istithmar PJSC, $ 5 million from Goldman Sachs and $ 7 million from IL& FS.
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Transactions of over Rs1 lakh in corporate bonds must be reported
Mumbai: Transactions in corporate bonds of value Rs 1 lakh and above, from January 1, have to be reported on the corporate bond platform to be set up by BSE. Settlements have to be reported within one trading day from completion of trades.

The BSE should ensure operation of the corporate bond reporting platform from 10 a.m. to 5.30 p.m. on all trading days and access shall be given to all market intermediaries for reporting, the SEBI circular said.

The regulator has also asked BSE to flash data, reported on its platform, on its Web site on a real-time basis. SEBI has made it mandatory for issuers to disclose all material information such as rating obtained on the instruments as and when they take place. Issuers have also been told to record details like date of the transaction, put/call option dates and units exercised under put/call option.
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Two India focused funds to be launched in US
Mumbai: Two India-focused funds will be launched in the US market this month. These include an 'exchange traded fund' to be launched by global financial services major Barclays Plc. This fund would track an index of the largest Indian companies listed on the National Stock Exchange. Another ETF major Amvescap Plc is planning a fund that would track a mix of the US and Indian stocks.

According to a regulatory filing made by Barclays, its proposed Indian ETN would follow the 68-share MSCI Indian Total Return index, whose top holdings include Infosys, Reliance Industries (RIL) and ICICI Bank.
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