Virtually accepting the recommendations of the R H Patil Committee report on corporate debt market, the government today waived the tax to be deducted at source (TDS) on the dematerialised trading of corporate bonds listed on recognised stock exchanges.    Further, to create a nation-wide market, the government has urged the empowered committee of state [...]

Consequent upon the appointment of Mr. C. B. Bhave as the Chairman of Securities and Exchange Board of India, Mr. Gagan Rai, the Executive Director of NSDL has been appointed as the Managing Director and CEO of NSDL. The Board also appointed Dr. R. H. Patil as the non-executive Chairman of NSDL. Mr. Gagan Rai [...]

Dematerialisation of tax deducted at source (TDS) certificates is likely to be deferred by a year from the proposed date of April 1, 2008. The scheme was originally scheduled to come into effect from April 2005, but was deferred twice.    “Demat of TDS certificates is likely to be deferred by a year or at [...]

The National Bank for Agriculture and Rural Development (NABARD) on Saturday launched rural bonds that will be issued at Rs 1,000 each. Subscribers have to apply for a minimum of five bonds and thereafter in multiples of one bond, a press release stated. The NABARD bonds will be of five years tenure and carry a [...]

The country’s second largest private sector lender, HDFC Bank, is looking to foray into investment banking in the next three to four months and also has plans to expand its international presence. The bank’s investment banking business, expected to be operational in the first quarter of the next financial year, would fall under corporate wholesale banking [...]

Reliance Power Ltd. ; IPO size : Rs 11,700 crore ; Year : 2008 Oil and Natural Gas Corporation (ONGC) : IPO size: Rs 9,500 crore; Year : 2004 DLF ; IPO size: Rs 9,188 crore ; Year : 2007 Cairn India ; IPO size: Rs 5,788 crore ; Year : 2006 Tata Consultancy Services [...]

The retail investor seems to have really arrived. It all started on Monday with the opening of over 2 lakh depository participation accounts in a single day. At the end of Friday, the number has crossed the 10-lakh mark. Sources close to CDSL said that it has opened over 6 lakh accounts till Friday evening [...]

An all-time record was created in the capital markets on Monday Jan 14th, with more than two lakh depository participation (DP) accounts being opened on CDSL and NSDL on that day. Sources said CDSL added 1.35 lakh accounts on Monday. NSDL added close to one lakh accounts. Sources said going by the trends, CDSL alone would [...]

The Securities and Exchange Board of India (SEBI) on Tuesday allowed stock exchanges to construct a volatility index and disseminate it to the market.Exchanges are free to adopt any volatility index computation models or can develop their own model, SEBI said in a statement. A volatility index is a measure of market expectation of near [...]

Demat accountholders make the most of demand for RPL IPO.    With the biggest IPO of the Indian market – Reliance Power — slated to open on January 15 and investors leaving no stones unturned to maximize assured returns, rentals for demat accounts have shot through the roof.    Many demat accountholders, who don’t want [...]