PGC NEWSLETTER11th April 2014 1
11th April 2014
THOUGHT OF THE DAY
“The way to get started is to quit talking
and begin doing.”
Ajay Piramal sold his 11 per cent stake in Vodafone India, reaping
awindfall of 52 per cent return in just two years.
The Sebi Keen to Curb HFT Traders from ‘Crowding Out’ Others.
The nation's largest lender, State Bank of India has hit the foreign bond
market with a dual tranche benchmark issue of five-year and 10-year
maturity to raise up to $1-billion.
CORPORATE LAW UPDATES
Capital markets watchdog Sebi is in process of cracking its whip soon on
various illicit money-pooling schemes in West Bengal, which has
already seen regulatory actions against some entities linked to Saradha
and Rose Valley groups.
SEBI issues Circular (CIR/IMD/FIIC/8/2014) for Change in investment
conditions / restrictions for FII/QFI investments in government debt
RBI / TAX LAW UPDATE
The Reserve Bank of India (RBI) has come down heavily on banks for
charging different interest rates to customers with similar profiles,
saying such discrimination cannot be accepted.
The Reserve Bank of India ( RBI) releases Draft Report on ‘Working
Group on Pricing of Credit.’
The Reserve Bank of India (RBI) issues Circular (A.P.(DIR Series)
Circular No. 120/121/122) in respect of Rupee Drawing Arrangement
– ‘Direct to Account’ Facility, External Commercial Borrowing (ECB)
Policy,Trade Credits for Imports into India – Review of all-in-cost
MCX CRUDE OIL
Dow Jones Industrial