This strategic partnership, includes implementing joint compliance programmes, corporate governance initiatives, compliance analytics, compliance benchmarking, among other related initiatives, with relevant stakeholders.
Market rout: Sensex dips below 31,000-mark; Nifty under 9,500-level
This is for most part due to fresh selling, mainly in realty, oil and gas, banking, capital goods and power, as mixed Asian cues offered no firm guidance as to which way to move.
The finance ministry has made a case for pushing back the Reserve Bank's deadline for implementing Basel III banking norms in view of higher capital requirement to deal with bad loans which have reached unacceptable levels.
Foreign investors have invested about USD 124 billion in Indian equities over 2008-17 and own large stakes in the country's best companies, says a report.
Mutual fund managers invested a net sum of Rs 11,244 crore in stock markets in April and Rs 9,358 crore in May, taking the total to Rs 20,602 crore, as per data released by the Securities and Exchange Board of India (Sebi).
SBI's market valuation advanced by Rs 2,587.62 crore to Rs 2,49,336.78 crore and that of HDFC went up by Rs 1,868.57 crore to Rs 2,62,529.94 crore.
In the high-profile NSE co- location case, markets regulator Sebi wants its forensic audit to quantify unlawful gains made by some brokers, allegedly in connivance with the exchange officials, which may put in limbo a settlement plea proposed by the bourse.
Derivatives expiry coupled with crude oil prices and direction of foreign funds` movement are expected to affect the equity charts during the upcoming week.
Rupee depreciated by a modest 9 paise to end at 64.52 against the US currency in a highly volatile week on the back of renewed dollar demand from importers and banks.
The stock market ended divergent for week with benchmark sensex gaining 81.81 points, to finish at 31,138.21, while Broader Nifty ending with modest loss of 13.10 point to conclude 9,574.95 .
Reversing its three-session downward trend, the rupee on Friday reclaimed 7 paise to close at 64.52 on fresh bouts of dollar selling amid a caution ahead of key US macro data which will guide US Fed's rate policy going ahead.
Shares of Fortis Healthcare slumped nearly 13 percent on Friday after Malaysia's IHH Healthcare Berhad said it is not close to "concluding any negotiations" to buy controlling stake in the company.
On a weekly basis, the Sensex gained 81.81 points, or 0.26 percent, while the broader Nifty shed 13.10 points, or 0.13 percent.
Indian shares fell on Friday, with the NSE index hitting a one-week low, as investors booked profits in financials such as State Bank of India and auto makers such as Maruti Suzuki India Ltd.
Caught in a downward spiral for the third straight session, the rupee on Thursday depreciated by 7 paise to end at a fresh three-week low of 64.59 on steady dollar demand amid deepening global oil rout.
Regulator Sebi is looking to review the framework for credit rating agencies as it seeks to check the menace of 'rating shopping' and pick-and-choose approach in their actions.
Mutual fund managers continued to be bullish on bank shares, with their allocation to the sector reaching an all time-high of over Rs 1.44 lakh crore at the end of May, mainly due to cheaper valuations.
India's benchmark BSE index hit a record high on Thursday as steps taken by the capital markets regulator to attract more investments and tackle massive bad loans of banks boosted sentiment.