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MUMBAI, June 12 (Reuters) – The Indian rupee weakened slightly on Thursday, pressured by corporate dollar demand and likely portfolio outflows even as broad-based dollar weakness boosted its regional peers. The rupee closed at 85.60 against the U.S. dollar, down 0.1% from its close at 85.51 in the previous session. Asian currencies rose with the…
The Securites and Exchange Board of India (SEBI) has announced simplified operational processes for cash flow disclosure in the corporate bond database, PTI reported on May 18. This was announced in SEBI’s latest circular, and comes after the capital markets watchdog reviewed a Request for Quote (RFQ) Platform framework. Aimed at streamlining and simplifying the…
Mumbai: The Reserve Bank of India (RBI) on Thursday allowed foreign investors greater freedom to buy Indian corporate bonds, giving them a chance to purchase more short-term paper. The central bank removed short-term investment and concentration limits from its rules governing foreign investments in corporate bonds. This, it said, will provide greater ease of investment…
US stocks opened mixed on Tuesday as investors assessed a mixed bag of corporate earnings. At the opening bell, the Dow Jones Industrial Average rose 6.4 points, or 0.02%, to 40,233.98. The S&P 500 fell 19.9 points, or 0.36%, to 5,508.87, while the Nasdaq Composite dropped 95.4 points, or 0.55%, to 17,270.757.
The Ministry of Corporate Affairs (MCA) is looking to launch an investigation into Gensol Engineering and its related firm BluSmart for alleged involvement in any corporate governance violations, reported the news portal the Economic Times on Sunday, April 20. According to the report, the Corporate Ministry is examining the materials on the case available in…
SEBI’s latest crackdown against Gensol Engineering has sparked a debate on red flags in corporate governance. Discount brokerage Zerodha’s Varsity, in its latest post, has analysed ways by which retail investors can spot the red flags in corporate governance and potentially another ‘Gensol’, to avoid any unnecessary losses in equities. The Securities and Exchange Board…