BSE to launch new interest rate futures trading on Jan 28
New Delhi: The BSE has said live trading in new interest rate futures (IRF), in long tenure 10-year government bonds, will begin on its platform on January 28. The exchange has already received the approval of Securities and Exchange Board of India (Sebi) for launching IRFs. “We will launch IRF trading on January 28,” BSE MD and CEO Ashishkumar Chauhan told reporters here at a function organised by Association of National Exchange Members of India. Besides, NSE will begin live trading in the IRF on January 21, while MCX-SX said it will also go live this month without giving an exact date.
Inflation indexed bonds to be modified: RBI DG
New Delhi: Worried by the tepid response to inflation-indexed bonds, the RBI has said they will be modified and made more attractive to investors. “We have got some feedback. We are in discussion with the government, so some clarification will come…on existing features some clarifications have been sought,” RBI Deputy Governor H R Khan said on the sidelines of an event organised by National Housing Bank here. Individual investment limits may be revised, he said.
Q3 sees MFs’ best show since Sept 2010; AUMs rise 8.4%
Mumbai: Average assets under management (AUM) of the mutual funds increased 8.4 per cent to Rs 8.77 trillion by the end of December quarter, making it the highest AUM for the industry since September 2010, Crisil has said. The rise in assets in Q3, FY14 was mainly attributed to inflows into liquid funds and fixed maturity plans, besides equity schemes, the rating agency said in a report. During calender year 2013, the industry’s assets grew 11 per cent, or Rs 90,000 crore, as against 15 per cent rise in 2012. Interestingly, average AUMs under equity MFs rose 5 per cent during the December quarter to Rs 1.96 trillion, making it the highest quarterly rise since September 2010.
- Ae Dil Hai Mushkil Audience Reaction: Ranbir, Aishwarya, Anushka Starrer Gets A Thumbs Up
- Bigg Boss 10, October 27 Review: Navin, Lokesh Fights During The Immunity Task
- Shivaay Audience Reaction: Ajay Devgn Impresses Viewers
- Pakistan High Commission Staffer Caught With Defence Documents: What It Means For India & Pakistan
- The Royal Opera House Reopens After Decades Of Neglect: Here’s A Quick Tour
- Tata Sons Rubbishes Cyrus Mistry’s Allegations: Here’s What Happened
- Pakistan High Commissioner denies allegations leveled on his staffer for espionage activities
- Odisha: Villagers Refuse To Cremate Dalit Woman’s Body
- Here’s What Farhan Akhtar Said On Karan Johar-MNS ‘Deal’ Over Ae Dil Hai Mushkil’s Release
- Government’s Diwali Gift to Central Government Employees, Pensioners
- Bigg Boss 10 26th October Review: This Episode Is All About Fights
- New Zealand Beat India By 19 Runs In Ranchi; Series Levelled At 2-2
- DND Toll-Free: Noida Toll Company Moves Supreme Court Against Allahabad High Court
- British PM Theresa May Says Kashmir Is A Matter For India, Pakistan To Sort Out
- J&K: Students Suffer As Schools Along LOC Forced To Shut Amid Firing
Irda imposed Rs 5-cr fine on 12 insurance cos in FY13
New Delhi: Insurance Regulatory and Development Authority (Irda) slapped a fine of nearly Rs 5 crore during 2012-13 on 12 insurance companies, including market leaders HDFC Life and ICICI Prudential Life. HDFC Life paid a fine of Rs 1.47 crore, while ICICI Prudential Life had to shell out Rs 1.18 crore for failure to comply with various provisions of the Insurance Act 1938. The insurance regulator had imposed a fine of Rs 76 lakh on PNB Metlife for violation of various guidelines. Tata AIA had to pay a penalty of Rs 49 lakh during 2012-13. In all, penalties were levied on 10 life insurance companies and two non-life insurance companies for non-compliance with various regulatory stipulation, Irda said in annual report 2012-13.