| Professional
News |
| SEBI |
| Sebi hikes fees it levies on market
intermediaries |
|
Maharashtra : Capital market
regulator Securities and Exchange Board of India (Sebi) has
decided to increase the fees it levies on market
intermediaries and entities accessing the capital market.The
fee revision, which is based on recommendations made by an
internal panel, is to help Sebi generate resources to pursue
policy initiatives set for the next financial year. The
regulator, in a press release, said that expanding reach,
capacity building, strengthening investor awareness and
improving supervision and enforcement standards are the core
activities identified by for the financial year
2014-15.
|
| COMPANY
LAW |
| MCA to seek EC nod to notify rules
for Cos Act |
|
Delhi : The ministry of
corporate affairs (MCA) may soon seek the permission of the
Election Commission to notify some sections of the new
Companies Act, 2013, so that it can come into effect from
April 1.According to sources, MCA is seeking the EC’s
permission as the model code of conduct is in force."Not all,
but some of the enabling rules to the sections of the new Act
can be notified once the commission gives its nod," said a
senior official.
|
| RBI |
| RBI unlikely to issue new bank
licences before Lok Sabha Polls |
|
Maharashtra : The Reserve
Bank of India is unlikely to go ahead with issuing new bank
licences before general elections if the Election Commission
even signals it could be questioned in the future, if not by
it then by some vested interests. "The Reserve Bank of India
wants to play it safe," said a person familiar with the
thinking of the central bank. "It does not want to get
involved in any controversy or end up in any litigation over
awarding licences to a few.
|
| RBI announces term repo auctions
ahead of annual closing of accounts |
|
Delhi : The Reserve Bank of
India (RBI) will conduct a 14-day term repo variable rate
auction for a notified amount of Rs 40000 crore on 21 March
2014. The reversal of the 14-day term repo will take place on
04 April 2014.Further, in order to facilitate smooth and
non-disruptive conduct of banking operations during the annual
closing of accounts for the financial year 2013-14, the
Reserve Bank has also decided:
|
| IRDA |
| IRDA to look into heavy discounts for
group policies as complaints pour in |
|
Tamil Nadu : Concerned over
the number of complaints regarding premium subsidisation in
group insurance policies, the Insurance Regulatory and
Development Authority (IRDA) is initiating steps to address
the issue. The insurance regulator said a number of complaints
have been received by it on the unfair discounts given to
group policies, and it wants to see that the practice is being
done away by insurance companies.
|
| FDI
Policy |
| FDI inflow up 1.5% at $2.18 bn in
January |
|
Delhi : The foreign direct
investment (FDI) into the country during January grew only 1.5
per cent at $2.18 billion compared to $2.15 billion during the
same period a year ago. According to the data released by the
department of industrial policy and promotion, FDI inflow into
the country during the April-January FY14 period declined by 2
per cent to $18.74 billion compared to $19.10 billion during
the same period a year ago. During December, India received
foreign direct investment worth $1.1 billion.
|
| Finance & Money
Markets |
| Raghuram Rajan’s moves in forex
market may keep Indian rupee rise in
check |
|
Maharashtra : With the rupee
poised to gain further on the back of strong foreign flows,
the Reserve Bank of India (RBI) will likely remain hands-on in
the exchange rate market; indeed, market watchers believe the
central bank may have already started soaking up
dollars.According to Ananth Narayan G, head of global markets
at Standard Chartered Bank, although there is optimism in the
market, downside risks still exist and therefore, the RBI will
be very cautious.
|
| SUUTI to sell 9% in Axis Bank via
block trades, govt plans to mop up Rs
5,500-cr |
|
Delhi : The government,
which owns a little more than a fifth of Axis Bank through the
Specified Undertaking of the Unit Trust of India ( SUUTI),
plans to raise about Rs 5,500 crore by selling a 9% stake, or
4.22 crore shares, through block trades on bourses. The sale
opened after market hours on Thursday and will end before the
market opens on Friday.
|
| BSE launches new debt
segment |
|
Maharashtra : Premier stock
exchange BSE Ltd today launched BSE New Debt Segment (BSE
NDS). The exchange has more than 100 trading members and
institutional members registered on BSE NDS. The first trade
on this segment at BSE was executed by IDBI Bank Ltd and
Edelweiss Securities Ltd, BSE said in a statement
here.
|
| Confusing signals from Federal
Reserve dampens pre-poll rally on Dalal
Street |
|
Maharashtra : Confusing
signals from the US Federal Reserve and its game plan on easy
money dampened the pre-poll rally in Dalal Street on Thursday,
though the drop was sharper in other markets in Asia and
Europe.Benchmark indices like the broad-based Nifty and
bellwether Sensex traded closer to the previous day's levels
with the indices giving up their resilience towards the
closing hour.
|
| MERGER &
ACQUISITION - NATIONAL |
| ibibo buys Bangalore-based bus
tracking startup YourBus |
|
Karnataka : Online travel
company ibiboGroup has acquired Bangalore-based startup
YourBus, strengthening its offering in the bus travel
space.The companies did not disclose the value of the deal.
ibiboGroup, backed by South Africa-based media and internet
company Naspers, had last year acquired redBus, India's
leading bus ticketing platform, for a deal estimated to be
valued at over Rs 600 crore.
|
| Banking |
| Banking stocks pull Sensex 66 points
lower |
|
Maharashtra : Markets
continued to trade lower dragged down majorly by mortgage
lender HDFC and banking stocks such as HDFC Bank, ICICI Bank,
SBI among other heavyweights. Losses in the above stocks
collectively pulled the benchmark Sensex 78 points lower at
this hour. At 2:35pm, the 30-stock benchmark index of the
Bombay Stock Exchange (BSE)—Sensex was trading 66 points lower
at 21,769 while the 50-unit National Stock Exchange (NSE)
Nifty was off 28 points lower at 6,496 levels.
|
| Notifications
& Circulars |
| CUSTOMS |
| Notification No. 13/2014-Customs
(ADD) (Delhi) 19/03/2014
|
| Seeks to levy definitive anti-dumping duty on imports of
'Red Phosphorous, excluding red phosphorous used in electronic
applications', originating in, or exported from, the People’s
Republic of China for a period of five years |
| Notification no. 14/2014 - Customs
(ADD) (Delhi) 19/03/2014
|
| Seeks to levy provisional anti-dumping duty on imports of
'Sodium Nitrate', originating in, or exported from, the
European Union, the People’s Republic of China, Ukraine and
Korea RP , for a period of six months |
| Notification No. 23/2014-Customs
(N.T.) (Delhi) 14/03/2014
|
| Amends Notification No. 36/2001-Customs (N.T.), dated the
3rd August, 2001 |
| ORDER (Delhi) 12/03/2014
|
| Appointment of Common Adjudicating Authority |
| Notification No. 12/2014-Customs
(ADD) (Delhi) 12/03/2014
|
| Seeks to amend the notification No. 116/2009-Cus dt. 8th
October 2009 |
| Notification No. 10 /2014-Customs
(ADD) (Delhi) 11/03/2014
|
| Seeks to levy definitive anti-dumping duty on imports of
Acetone, originating in, or exported from, EU, South Africa,
Singapore and USA for a further period of five years. |
| Notification No. 11/2014-Customs
(ADD) (Delhi) 11/03/2014
|
| Seeks to levy definitive anti-dumping duty on imports of
Meta Phenylene Diamine’, originating in, or exported from, the
People’s Republic of China, for a period of five years. |
| RBI |
| Notification
No.RBI/2013-14/522 (Delhi) 19/03/2014
|
| Restructuring Support Finance - participation by
investors |
| Notification
No.RBI/2013-14/523 (Delhi) 19/03/2014
|
| Buyback of assets from SC/RCs by the Defaulters and
acquisition of assets by SC/RCs from sponsor banks |
| Notification
No.RBI/2013-14/524 (Delhi) 19/03/2014
|
| Anti-Money Laundering (AML)/Combating of Financing of
Terrorism (CFT) - Standards |
| Notification
No.RBI/2013-14/525 (Delhi) 19/03/2014
|
| End of Support for Windows XP |
| Notification
No.RBI/2013-14/521 (Delhi) 18/03/2014
|
| Anti- Money Laundering (AML) / Combating of Financing of
Terrorism (CFT) – Standards |
| |
|
 |
| Economy |
| India |
| 60 per cent notified land still lying vacant
under UPA's SEZ Scheme |
| Rural wages rise 18% in 2012-13, Kerala tops
chart |
| |
| International |
| Yuan at weakest in more than a year as sell-off
accelerates |
| China opens door further to foreign stock
investors |
| Yellen Assertion of No Rate Change Doubted as
Yields Rise |
| Deal on Europe banking union to create agency to
shut failed banks |
| EU mulls further sanctions on Russia over
Crimea |
| |
| Markets
Today |
| NSE |
6,515.20
|
|
| BSE |
21,753.75
|
|
| NASDAQ |
4,319.29
|
|
| |
|
|
| USD |
61.16
|
|
| EURO |
84.17
|
|
| JPY(100) |
59.79
|
|
| GBP |
100.67
|
|
|
| |
| Corporate
Watch |
| Luxury hotels shift focus to mid-market
brands |
|
Maharashtra : With luxury and
upscale hotels finding it difficult to make money, top global
chains like the Marriott, Hilton, InterContinental, Starwood
and Accor are betting big on midmarket brands as they
aggressively expand in newer markets. More than 60% of the
hotels that are coming up are in the mid-market category
involve less capital expenditure and quicker profits, say
hoteliers.
|
| Perseverance pays for Mukesh Ambani and his
retail foray |
|
Maharashtra : Billionaire Mukesh
Ambani's Reliance Retail is poised to perform a rare feat in
the country's retail market by finally turning a profit. The
time and cost involved, however, could put off global and
local rivals from even trying to copy it. It took Reliance
Retail, part of Ambani's conglomerate Reliance IndustriesBSE
-1.85 % Ltd, seven years of losses, bruising trial-and-error
and over $1 billion in investments to find a formula that
works for the country, the world's fifth largest retail market
and one of its fastest growing.
|
| GMR Infrastructure to raise authorised
share capital to Rs 1,950 crore |
|
Maharashtra : GMR Infrastructure’s
shareholders on Thursday approved the increase in the
company’s authorised share capital, preferential allotment of
compulsorily convertible preference shares (CCPS), and issue
of securities of up to R2,500 crore, or equivalent thereof.
The decisions were taken at the company’s extraordinary
general meeting (EGM).Pursuant to the approval, GMR’s
authorised share capital will be increased to R1,950 crore
divided into 750 crore equity shares of R1 each, 60 lakh
series A compulsorily convertible preference shares of R1,000
each, and 60 lakh series B compulsorily convertible preference
shares of R1,000 each, from R750 crore divided into 750 crore
equity shares of R1 each.
|
| |
| Tenders
& Assignment |
National Health Mission, Uttar Pradesh
 |
Description :Hiring Services
of Chartered Accountant Firm For Concurrent Audit of Districts
Health Society (DHS) for the F.Y. 2014-15.
Last Date : 29/03/2014
Address :National Health Mission,
Uttar Pradesh State Health Society State Programme
Management Unit Vishal Complex, 19-A, Vidhan Sabha Marg,
Lucknow, Uttar Pradesh Phone :0522 –
2237595, 2237501, 2237383 E-Mail :acs.nrhm@gmail.com
|
| Air Force Station - Jodhpur Rajasthan
|
|
Description :Appointment of
Chartered accountant firms for auditing of non public funds at
air force station for the period of three
years.
Last Date : 31/03/2014
Address :Air Officer Commanding Air
Force Station Ratanada,Jodhpur-342011
Phone
:0291-2511516
|
| Bharat Bhari Udyog Nigam Limited |
Description :Expression of
interest from reputed chartered accountants firm or
consultancy organization for preparation, finalization of
accounts, implementation of merger process/scheme by obtaining
sanction, approval from various authorities as per rules &
companies act till complete. Last Date
: 03/04/2014 Address :Bharat
Bhari Udyog Nigam Limited( A Government of India Enterprise)
26, Raja Santosh Road, Alipore, Kolkata – 700 027
Phone :033-2479-5535
E-Mail :info@bbunl.com
|
| Housing And Urban Development Corporation
Limited |
Description :Appointment of Ca Firm For
Internal Audit Of Loan Accounts And Other Specified Areas of
Hudco For The Year 2014-15.
Last Date
: 07/04/2014
Address
:Housing And Urban Development Corporation
Limited,India Habitat Centre, Lodhi Road, New Delhi,
|
| Haryana School Shiksha Pariyojana
Parisad |
|
Description :Appointment Of
Chartered Accountant Firms For Statutory Audit Of Sarva
Shiksha Abhiyan And Rashtriya Madhyamik Shiksha Abhiyan, For
The Financial Year 2013-14
Last Date
: 10/04/2014
Address
:Panchkula - Haryana
|
| |
| Reminders |
| Tenders |
| National Rural Health Mission - Port Blair
Andaman And Nicobar 22/03/2014
|
| Food Corporation Of India - Noida Uttar
Pradesh 24/03/2014
|
| Presidency University - Kolkata West
Bengal 25/03/2014
|
| National Rural Health Mission - State Health
& Family Welfare Society
Sikkim 25/03/2014
|
| Central Electronics Limited - Sahibabad Uttar
Pradesh 25/03/2014
|
| Jharkhand Agency For Promotion Of Information
Technology 25/03/2014
|
| State Bank Of India 25/03/2014
|
| Sant Longowal Institute Of Engineering And
Technology 26/03/2014
|
| Heavy Engineering Corporation
Limited 27/03/2014
|
| State Health Society - Lucknow Uttar
Pradesh 28/03/2014
|
| Income Tax Department - Lucknow Uttar
Pradesh 28/03/2014
|
| Notifications
& Circulars |
| CUSTOMS |
| Notification No. 16/2014-Customs
(N.T.) (Delhi) 07/03/2014
|
| Appointment of Common Adjudicating Authority |
| Notification No. 17/2014-Customs
(N.T.) (Delhi) 07/03/2014
|
| Appointment of Common Adjudicating Authority |
| Notification No.18/2014-Customs
(N.T.) (Delhi) 07/03/2014
|
| Appointment of Common Adjudicating Authority |
| Notification No. 19/ 2014-Customs
(N.T.) (Delhi) 07/03/2014
|
| Appointment of Common Adjudicating Authority |
| Notification No. 20/2014-Customs
(N.T.) (Delhi) 07/03/2014
|
| Appointment of Common Adjudicating Authority |
| Notification No. 21/ 2014-Customs
(N.T.) (Delhi) 07/03/2014
|
| Appointment of Common Adjudicating Authority |
| Notification No. 22/2014-Customs
(N.T.) (Delhi) 07/03/2014
|
| Appointment of Common Adjudicating Authority |
| Notification No. 15/2014 - Customs (N.
T.) (Delhi) 06/03/2014
|
| Rate of exchange of conversion of each of the foreign
currency with effect from 07th March, 2014 |
| Circular No
06/2014-Customs (Delhi) 06/03/2014
|
| Regarding import of Gold by ‘eligible passengers’ in terms
of Notification No. 12/2012-Cus dated 17.03.2012 (Sl. No
321) |
| |
| |
|
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