The Investors’ Grievances Forum, a body that represents small investors, has blamed “faulty policies being implemented by SEBI” for the recent market mayhem. In a letter to SEBI Chairman M Damodaran, the forum has particularly castigated the policies governing F&O market and called for an immediate course correction. The forum has also demanded that Sebi, [...]

Bombay Stock Exchange (BSE) and OMX today have signed an agreement under which OMX will deliver trading and clearing systems to strengthen BSE’s derivatives and securities trading capabilities. Under the agreement BSE will implement a system from OMX that will serve as their new trading and clearing platform for derivatives and cash securities. The trading [...]

The finance minister and the Reserve Bank of India have assured the retail investors that they can withdraw from IPOs applied for anytime before the allotment of shares or securities by the company. According to SEBI DIP guideline, an applicant can, in a book building issue, withdraw applications of a public issue anytime before allotment [...]

Jan 21, 2008: The Sensex saw its highest ever loss of 1,408 points at the end of the session on Monday.  The Sensex recovered to close at 17,605.40 after it tumbled to the day’s low of 16,963.96, on high volatility as investors panicked following weak global cues amid fears of the US recession. May 18, 2006: [...]

Following the hefty 1,814-point loss last week, the Sensex opened with a negative gap of 94 points at 19,014, and continued to drift deeper into red as the day progressed. Relentless selling in the last session saw the index tumble to a low of 16,951 – down 2,063 points (10.8%) from the previous close. (Since [...]

When Wipro shares in India have not been able to stand up to their mark, shares of IT firms such as Microsoft and Google have been helping shareholders make money on the international exchanges. You too can do so — you can invest in the global equity markets and gain from the surge in global [...]

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 [...]

Jan. 18 Investors bid for as many as 72 times the number of shares that Reliance Power offered for subscription under its initial public offering (IPO). They have put in bids for over 1,654.8 crore shares as against the 22.8 crore shares on offer.The figures are based on the latest data available but merchant banking [...]

The employees of State Bank of India might be considering themselves lucky for being eligible for stock options shortly. Brokerages have given a thumbs up to the bank’s proposed rights issue that has been priced at a 35% discount to the market price. It is expected to hit the market in the next couple of [...]

Financial services firm Future Capital Holdings Ltd said on Thursday it has set a price of 765 rupees a share for its initial public offer (IPO).Future Capital will raise around 4.91 billion rupees by selling 6.4 million shares. Future capital is the financial services arm of the diversified Future Group, which promotes top retailer Pantaloon [...]