Free Press Journal
  • Sebi rejects HBN Dairies proposal for refunding investors

    New Delhi: Terming HBN Dairies & Allied Ltd’s intention as “malafide”, markets regulator Sebi has rejected the repayment proposal of the company, which mobilized illegal funds to the tune of Rs 1,137 crore from investors.

  • Gold ETFs outflow continues, Rs 183 cr pulled out in July

    New Delhi : Investors remained bearish on gold exchange-traded funds (ETFs) in July and pulled out Rs 183 crore from this instrument, taking the total to Rs 411 crore in the first four months of the current fiscal, mainly on account of profit-booking.

  • Sebi goes after ponzi schemes, files 567 cases

    New Delhi : Markets regulator Sebi has so far launched as many as 567 prosecution cases against those collecting public money through illegal investment schemes.  The entities have garnered funds through fraudulent investment schemes with promise of huge returns to investors.  Sebi has clamped down on a number of illegal collective investment schemes (CIS) including entities from Saradha, MPS, Sumangal, MPS Greenery Developers, Sai Prasad, HBN, Alchemist Infra, Rose Valley groups and PACL,

  • Retail investors go against Brexit tide; buy shares in turmoil

    Mumbai:  As stock markets globally went into a tailspin taking a USD 2.5-trillion hit within hours of the Brexit verdict, retail investors in India took a contrarian call by turning net buyers to purchase shares worth Rs 118 crore — the highest for a day so far this fiscal.  What has come to be known as a ‘Black Friday’ for the markets worldwide, the day of Brexit referendum results on June 24

  • raghuram rajan

    Raghuram Rajan: Fragile, handle with care

    A businessman friend in the city, in an informal, off-the-record chat said the other day: “When foreign investors come to India, they want to meet two people-the Prime Minister and the RBI Governor Raghuram Rajan.” According to him, a meeting with the first is mandatory because Narendra Modi has taken it upon himself to be an ambassador for India, urging foreigners to come here and invest their money here. He promises that

  • Sebi’s Sahara coffer swells to Rs 11,727 cr; refunds Rs 55 cr

    New Delhi : As it gears up to auction Sahara properties worth thousands of crores to recover further funds, market regulator Sebi’s Sahara Refund Account has swelled to Rs 11,727 crore with interest but it has been able to refund just about Rs 55 crore so far to the investors.

  • Sensex trips 66 pts ahead of RBI meet, mixed global cues

    Mumbai : Market remained a picture of cautiousness on Monday after the Sensex slipped 66 points to close at 26,777 as investors were on edge ahead of RBI’s policy meet on Tuesday and a string of upcoming events this month carrying an element of uncertainty.

  • Sebi pitches India growth story among US investors

    San Francisco : Pitching India growth story before the US investors, regulator Sebi’s Chairman U K Sinha on Friday said the country offers attractive opportunities with a capital market giving an annual return of over 15 per cent.

  • Sensex spurts 287 pts

    Mumbai :  Market kept its strong run going for the fourth straight session as the Sensex ended about 287 points higher after investors created fresh long positions in the new June derivative series amid earnings traction and continued foreign inflows.

  • Moody’s: SBI associate banks merger to cost Rs 1,660 crore

    Mumbai: The merger of five associate banks and newly created Bharatiya Mahila Bank with SBI will cost $250 million (around Rs 1,660 crore) and have limited impact on the lender’s credit metrics, ratings agency Moody’s Investors Service said.       Earlier this week, State Bank of India had proposed merger of five associate banks and Bharatiya Mahila Bank (BMB) with itself. The six lenders include five associate banks — State Bank of Bikaner

  • Investors making money must pay taxes; no fear of FDI fall: FM

    New Delhi: Investors must pay taxes on money they earn in India and a “tax-incentivised route” is no longer needed to attract foreign investments to a “strong enough” Indian economy, Finance Minister Arun Jaitley said today.

  • E-comm boom: Investors seek profitable growth

    New Delhi:  As the e-commerce market grew by leaps and bounds in the last four years, investors have shifted their focus to profitable growth to achieve stability, a CII-Deloitte report says.

  • Sebi bans Skylark Land, directors; asks to refund investors

    New Delhi:  In a major crackdown on illegal money pooling schemes, capital markets regulator Sebi banned Madhya Pradesh-based Skylark Land Developers and its directors and asked the entities to refund the money collected from investors.  According to the Securities and Exchange Board of India, the company was raising money from thousands of investors in the state through collective investment schemes without taking any approval from the regulator. Last month, the regulator had

  • RBI Governor not in favour of stretching NPA norms

    Thiruvananthapuram : RBI Governor Raghuram Rajan said he was not in favour of stretching norms for non-performing assets (NPAs) or bad loans as investors will not get the true state of balance sheets.

  • Haryana fetched investment offers of 20,000 crore: Khattar

    Mumbai : Haryana Chief Minister Manohar Lal Khattar, who interacted with investors to seek investment for Haryana, said that the state received huge investment proposals to the tune of Rs 20,000 crore as various leading companies have offered to invest in different areas.

  • 10 baby steps to sound financial health

    The following, in our experience, is a list of ten key aspects largely neglected by most investors. Please examine how many of these are known-knowns, known-unknowns or better still unknown-unknowns!