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SEBI bars Kishore Biyani from accessing securities market for 1 year

Capital markets regulator SEBI barred billionaire Kishore Biyani and related enterprises of his Future Group from accessing the securities market for a year.SEBI said that it reached the decision on Biyani after probe into use of unpublished price sensitive...

SEBI nod, BSE ‘no-adverse-observation’ given to Reliance-Future deal

Market regulator SEBI gave a go-ahead on Wednesday to Future Group's scheme of arrangement and sale of assets to Reliance, based on which the Bombay Stock Exchange also granted its "no adverse observation" report to the Rs 24,713-crore deal. The Securities and Exchange Board of...

Future Group conceptualising 2 new brands, opening new stores even as its firms receive large orders from Reliance

Future Group firms have started getting large orders from Reliance Industries, its CEO Kishore Biyani said in an email to his employees on Tuesday. The group firms Future Consumer and Future Enterprises have recently received orders from Reliance Industries. "We have received a large order...

Retail helps equity MFs add 34 lakh folios

Equity mutual funds witnessed an addition of over 34 lakh investor account in the first 10 months of the fiscal year 2015-16, mainly because of strong retail participation. The current figure is already above the 25 lakh folios that were...

Vishal Retail denies stake sale or strategic alliance report

Replying to the news item appearing in a section of media that a credit crunch has hit Vishal Retail hard, Vishal Retail said in a filing to Bombay Stock Exchange: "We are the country's second largest retailer. We receive...

ASSOCHAM submits a note on REITs to SEBI

In a note submitted to market regulator Securities and Exchange Board of India (SEBI), ASSOCHAM has stated that an early introduction of real estate investment trusts (REIT) is required to bring the much-needed class of institutional investors to support...

Stock market plunge not likely to drag retail

The crash in the stock market plunging the Sensex to 17,307.90 from a high of 19051.86, would not impact on the retail sector since most of the investment has been by foreign institutional investors (FIIs) and heavyweights like Reliance,...

Fidelity picks up stake in TCI

Fidelity Investments International has picked up seven per cent (Rs 52.625 crore) equity in Transport Corporation of India (TCI), one of the leading supply chain and logistics services company.When contacted, the company’s corporate communication executive confirmed the news saying,...
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E-commerce firms should respect law of land: Goyal

Addressing an event in Mumbai, Goyal said the country's foreign direct investment (FDI) norms are clear for the e-commerce...
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