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Essar Shipping Ports and Logistics (ESPL) may be delisted in coming days as the promoters are believed to be looking at acquiring the stake of minority shareholders and further delist the company. Though there is no official comment available from the company, a person familiar with the development said that the promoters may raise around … Read more Essar Shipping likely to be delisted
After the domestic equity markets opened in circuit limits, markets have been halted for trade till 11:55 am, following the rule of circuit breakers of different variations as under: The index-based market-wide circuit breaker system applies at three stages of the index movement, either way viz. at 10%, 15% and 20%. These circuit breakers when … Read more NSE + BSE Trading Halted – Rules & Regulations on Halt + Resume
The government has withdrawn the ban on trading in wheat futures following which the Forward Market Commission (FMC) has written to all national-level commodity exchanges to launch new contracts after getting a nod from the commodity market regulator. Former finance minister P Chidambaram, in his budget speech for 2008-09, had announced the delisting of all … Read more Govt withdraws ban on trading in wheat futures
The incumbent Congress-led UPA alliance has achieved a near majority; an almost best-case scenario, and should translate into: a) Stable Government for next five years; b) More reform-oriented agenda, with greater policy making flexibility; and c) More economic/results-oriented governance. A strong Government mandate should result in: a) Upward bias in growth expectations (maintain 5.5% FY10 … Read more India Equity Strategy – Post Elections
In a survey of 17 forecasters conducted by the Reserve Bank of India (RBI), the economic growth of the country is likely to expand at a rate of 5.7%-6%, slower than expected earlier in the current financial year. The survey has also predicted more rate cuts as there is an enough room for banks to … Read more RBI survey pegs economy growth below 6%
Kotak Mahindra Bank has received a clearance from the Forward Market Commission (FMC) for its proposal to invest the regional commodity bourse – Ahmedabad Commodity Exchange (ACE). However, the bank refused to divulge details about picking up stake in the regional bourse. ACE, which is being upgraded to a national level bourse, is expected to … Read more Kotak Bank gets FMC nod to invest in Ahmedabad Commodity Exchange