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

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 ..

Month: Current Affairs - July, 2012

India’s new buzzword: “Policy Paralysis”

‘Policy Paralysis’ is the new exhortation echoing in the news media. According to news search conducted via Factiva, the catchphrase hit over 590 mentions in June 2012. The references soared as the rupee plunged to a record low of 57.32 ..

Month: Current Affairs - July, 2012

Government to introduce financial literacy in school education

  The government plans to launch financial literacy in the school curriculum very soon. The knowledge of Financial & Capital markets will be disseminated in the form of primary and secondary curriculum. Objective: Enhance the household contribution into equity markets ..

Month: Current Affairs - June, 2012

HDFC Bank overtakes SBI in Market Capitalization

Recently, the 17-year-old HDFC Bank for the first time became the most valuable lender in the country overtaking the 204-year-old State Bank of India in market capitalization. Up till now, SBI was the number one bank on all parameters of ..

Month: Current Affairs - January, 2012

Delhi : Important Supreme Court Verdict on General Power of Attorney

What is a Power of Attorney? A power of attorney refers to a written authorization to represent or act on another’s behalf in private affairs, business, or some other legal matter. Its a legal instrument whereby one person gives another ..

Month: Current Affairs - December, 2011

Buying – In

In the world of financial markets, transactions involving shares are carried out with the expectation of timely delivery. However, there are instances where sellers fail to deliver shares to buyers on the agreed-upon date. To address this issue and protect ..