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Thursday, October 06, 2016

BSE to penalise brokers for delay in supervisory data filing
BSE yesterday put in place a graded penalty mechanism, with fines starting from Rs 10,000 for brokers who fail to make timely submission of risk-based supervision data and prolonged non-compliance leading to disablement of trading terminals. The leading stock exchange introduced a new risk-based model for supervision of market entities following regulator Sebi's directions. Trading members have been submitting risk-based supervision (RBS) data since 2013-14. However, there have been instances of delay or non-submission
of data.

MFs invest in SME IPOs; Reliance MF in Valiant Organics
Mutual Funds have begun investing in quality small and medium enterprise (SME) IPO, with a public issue of over Rs 21 crore by Valiant Organics getting investment from leading fund house Reliance MF. Valiant Organics came out with an initial public offering (IPO) of 9,64,800 equity shares of face value of Rs 10 each for cash at a fixed price of Rs 220 per equity share. The issue opened on September 29 and closed yesterday. The company will be listed on the SME platform of the BSE.

Govt closely monitoring prices of sugar, other food items
The government is keeping a close watch on prices of sugar, pulses and edible oils to check hoarding and ensure adequate availability in the market in the festival season, Food Minister Ram Vilas Paswan said yesterday. "Prices of essential food items are under control now. However, we are closely monitoring the price movement of sugar, edible oils and pulses to ensure there is enough supply in the festival season," Paswan told PTI.

Rs 500 cr Credit Enhancement Fund may be operational by Dec
The Rs 500 crore Credit Enhancement Fund, announced by Finance Minister Arun Jaitley in the Budget, is likely to begin operations by December. The IIFCL-anchored fund will help raise credit rating of bonds floated by infrastructure companies and facilitate investments from long-term investors. Besides India Infrastructure Finance Company (IIFCL), the government is considering roping in 2-3 banks, including SBI and PNB for the fund.

MJDMA & UBM India announce 12th edition of GJIIE
Madras Jewellers and Diamond Merchants Association (MJDMA) and UBM India are back once again with the mega B2B gem and jewellery extravaganza – the Gem & Jewellery India International Exhibition (GJIIE) at the Chennai Trade Centre from October 7-9, 2016. The three-day expo which is represented by over 350 exhibitors and participants will see jewellery wholesalers, retailers, importers and exporters, jewellery manufacturers, diamond, gemstone, pearl suppliers and traders, and representative from trade and governmental organisations, all come under one roof to meet, connect, network and grow their business. The exhibition will also have delegate representation from Malaysia, Singapore and Dubai, thus substantiating the international reach and presence of GJIIE 2016.

Reuters, BTVi partner for global financial news offering in India
Reuters and BTVi have joined hands to bring financial and business news from across the globe to Indian viewers. Under the partnership, BTVi will have access to Reuters TV studios in key financial centres across the globe. The partnership will offer Indian viewers coverage of all global business and political news, regular global round-ups as well as extended exclusive features programming.

Kharif 2016-17 Crop Prospects and Inflation Outlook
The Indian Merchants’ Chamber convened a panel discussion on the “Kharif 2016-17 Crop Prospects and Inflation Outlook” under the aegis of IMC Economic Research and Training Foundation (IMC-ERTF) in association with IMC Expert Committee on Agribusiness, Food Processing and Commodities.  The discussion was addressed by eminent experts, such as Venkatachalam Shunmugam, Chief Economist, MCX Stock Exchange Ltd, Madan Sabnavis, Chief Economist, CARE Ratings, Ms. Rajni Panicker, and Vice President (Commodities) Philip Capital & Aurobinda Prasad, Vice President, Kotak Commodities and the session was moderated by G. Chandrashekhar, Director, and IMC ERTF & IMC Economic Advisor.

SMEs' IPO fund raising doubles to Rs 384-cr in Apr-Sep FY'17
Fund raising by small and medium enterprises (SMEs) from initial public offerings more than doubled to Rs 384 crore in the April-September period of 2016-17 from the year-ago period. In comparison, 27 SMEs raised Rs 182 crore in the first half of the preceding financial year, 2015-16. "Indian primary market has witnessed spectacular revival in last few months, which is not limited to large IPOs like Mahanagar Gas, Quess Corp and ICICI Prudential. Public share sales of smaller companies on the dedicated SME boards of stock exchanges, too, have been on a hot streak," Pantomath Group MD Mahavir Lunawat said.

Over 1,000 fresh FPIs register in April-July 2016-17
More than 1,000 new foreign portfolio investors (FPIs) have registered with capital markets regulator Sebi in April-July of 2016-17, a sign of their willingness to be part of India's growth story. This is over and above the nearly 2,900 additional FPIs who got approval from Sebi in 2015-16. The number of FPIs with Sebi approval increased to 5,322 at the end of July from 4,311 in March-end, latest data from Sebi showed.

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