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NEWS
Sebi okays use of shares in depository account as margin until Aug 31
Tue, May 26, 2020     Source : Business Standard
The markets regulator in February came out with framework on margin obligation to be given by way of pledged or repledged shares in the depository system
NEWS
Indian brokers take long view telling clients to write off year
Tue, May 26, 2020     Source : Mint
India’s stock brokers are coming up with new strategies to serve clients and partners, as the nation gradually reopens for business under the cloud of pandemic-led uncertainty.
NEWS
Cash levels with fund managers globally highest since 9/11; most do not expect v-shaped recovery
Tue, May 26, 2020     Source : Financial Express
In what can be interpreted as a sign of pessimism across global equity markets, a survey of fund managers across the globe, has shown that cash levels are at the highest level since the 9/11 terrorist atta...
NEWS
Government may issue 3-4 new 10-year benchmark securities this fiscal
Tue, May 26, 2020     Source : Business Line
The government may end up issuing three or four new 10-year benchmark securities instead of the usual two it has been issuing each of the past years, as it will be borrowing more in FY21 amid the pandemic
NEWS
Now, brokers cannot use PoA to transfer client shares
Tue, May 26, 2020     Source : Business Line
Equity brokers may no longer be able to misuse client shares lying in demat accounts. From June 1, SEBI has discontinued the use of Power of Attorney (PoA) between a client and broker in the equity markets...
NEWS
Medium company turnover limit may be doubled for MSME benefits
Tue, May 26, 2020     Source : Economic Times
Finance minister Nirmala Sitharaman had on May 13 announced a new definition for MSMEs as part of the ?20 lakh crore economic stimulus package.
NEWS
Direct tax mop-up rises 39% amid sharp decline in disbursement of refunds
Tue, May 26, 2020     Source : Business Standard
Collections may come under pressure once the base effect wears off
NEWS
A GST cut can put auto sales on fast track to revival
Tue, May 26, 2020     Source : Mint
Automobile manufacturing is gradually restarting as curbs put in place to check the spread of coronavirus are eased.
NEWS
States’ labour reform moves hit hurdle; Centre may say ‘no’ to key changes
Tue, May 26, 2020     Source : Financial Express
A senior functionary with the Union labour ministry told FE that suspension of labour laws by the states under the Factories Act can’t last for more than three months at a time.
NEWS
Ratio of India's public debt to GDP likely to scale a new high in FY21
Tue, May 26, 2020     Source : Business Standard
According to the Reserve Bank of India (RBI) data, the combined liabilities of the Centre and the state governments were around Rs 147 trillion at the end of March 2020
NEWS
Mega bank mergers working smoothly without heartburns: Bank employees union
Tue, May 26, 2020     Source : Economic Times
"Each bank had its own employee benefit schemes. The scheme that is most beneficial to the employees were extended to all the employees of the amalgamated entity.
NEWS
Promoter to sell 2.75% stake worth $1 bn in Bharti Airtel via block deals
Tue, May 26, 2020     Source : Business Standard
Shares are being offered to large investors at 6 per cent discount to March 22 closing price of Rs 593; Mittal company joins top Indian companies in raising funds
NEWS
Huge scam in YES Bank for many years, says Enforcement Directorate
Tue, May 26, 2020     Source : Business Standard
Rana Kapoor's wife also charged with abetting crime
NEWS
ATMs to become virtual bank branches, accept deposits with instant credit
Tue, May 26, 2020     Source : Business Standard
Close to 14.6 per cent (or 35,000) of the 240,000 ATMs in India are new-age recyclers, even though they have been around for only 3 years on the local landscape.
NEWS
Covid-19: WHO halts trial of hydroxychloroquine, awaits more safety data
Tue, May 26, 2020     Source : Business Standard
"It's important to continue to gather evidence on the efficacy and safety of hydroxychloroquine," WHO Chief Scientist Soumya Swaminathan said at a press briefing in Geneva
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