Archive for July 2nd, 2009

Insurance Regulatory and Development Authority (IRDA) prohibits insurance cos. from investing in IDRs

Insurance regulator, Insurance Regulatory and Development Authority (IRDA) today prohibited insurance companies from investing in Indian depository receipts (IDRs), the instruments through which foreign companies raise funds from the Indian equity market. Insurers said the IRDA move would not affect them much, but stock analysts said the decision would diminish the attractiveness of the IDR [...]

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A Letter by a Common Man to India’s PM :)

Dear Mr. Prime Minister Greetings, Soon after you swear in as the PM of India and your initial steps, post your appointment, had exactly fitted the requirements of the situation. But there was a sad development too : Induction of few ministers in your team whose integrity was widely suspect and who, as per their [...]

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Differential voting rights shares trading remains dull

Mumbai, July 1 The negligible trading seen so far in Tata Motors’ shares with differential voting rights (DVRs) can be blamed on the lack of awareness about the instrument in the Indian markets, said analysts. These shares were issued in November last year. June was the first month to see trading in Tata Motors’ DVR [...]

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