Page-40 of Finance

First Investment via QFI Route worth $ 5m

July 26, 2012

India received its first investment via the QFI (Qualified Framework Investor) route, thus ending speculations that the India’s efforts to get investors to buy shares directly will be on the fritz. Kotak Mahindra Bank struck a deal worth $5 million, ..

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Renminbi, Rupee included in ADB’s TFP

July 23, 2012

Noticing the expanding influence of the economies of China and India among the Asian economies, the Asian Development Bank (ADB) decided to encourage and support deals denominated in their local currencies under its Trade Finance Programme (TFP) as intra-regional trade ..

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PFRDA eases registration norms for Fund Managers of NPS

July 16, 2012

With an objective to give impetus to the National Pension System (NPS), the Pension Fund Regulatory and Development Authority (PFRDA) eased norms for registration of pension fund managers. This move will induce greater competition by removing cap on the number ..

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SEBI permits MCX-SX to operate as full-fledged bourse

July 11, 2012

Securities and Exchange Board of India (SEBI) granted permission to MCX Stock Exchange (MCX-SX) to function as a full-fledged stock exchange, What effect this decision will bring ? With this nod MCX-SX would be able to offer additional asset classes ..

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Indian companies can continue to buy back FX convertible bonds

July 6, 2012

The Reserve Bank of India has allowed companies to continue to buy back foreign currency convertible bonds (FCCBs) under the approval route. The central bank will consider proposals from Indian companies for buyback of FCCBs, if the buyback value is ..

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Barclays CEO Bob Diamond quits

July 5, 2012

Person in News: Bob Diamond Bob Diamond, Barclays Chief Executive resigned. Mr. Diamond and COO Jerry del Missier stepped down the day after Barclays Chairman Marcus Agius resigned and b/w an intense and deepening political row over standards in the ..

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