The government on Monday sold 10 per cent of its stake in the state-run refiner and fuel retailer, raising around $1.4 billion.
Sebi also said it would allow additional anchor investors for public issuances in which preferred allocation is set at more than Rs 250 crore, although sales of below that amount would retain the ...
PACL had appealed an order from the Securities and Exchange Board of India (Sebi) last year that deemed the company's investment products illegal for not complying with rules on so-called collecti...
The government has long believed that attracting investors from beyond big cities such as New Delhi is vital to direct more household savings into equities, reducing traditional investor preferenc...
The comments come as EPFO said on Thursday it would invest in stocks this year for the first time.
"Sharekhan will serve as a platform for the Group's strategy in India to offer a comprehensive range of products," Joris Dierckx, country head of BNP Paribas, said in a statement.
The Power Finance share offering is part of the government's budget target to raise as much as $11 billion from divestment of its stake in state-run companies.
Domestic net inflows into equity mutual funds in June were the second-highest ever - second only to January 2008.
Gold's reputation as a safe store of value has been tarnished by a 42 per cent drop in prices over the past four years.
SEBI say they are worried about contagion if markets turn volatile, particularly if dabba traders are using both on-market and off-market trades to hedge their exposures.
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