Sebi bans brokers from BSE board, other bourses may follow
Market regulator finally took the first step towards keeping brokers away from the managements of the stock exchanges. The Sebi on Wednesday ordered that brokers would not be allowed to sit on the BSE governing board until further orders.
India posts BOP surplus in Q3
India’s big balance of payments surplus in the Oct-Dec quarter reflects a large inflow of overseas loans and some robust export growth.
IRDA to review insurance investment in stocks
Allaying all fears, the IRDA indicated that it will review the functions of all insurance cos, including their investment pattern in equities, and ensure that there is no asset liability mismatch.