New form for ASBA in place

With a checklist regime kicking in for initial public offerings (IPOs), capital markets regulator the Securities and Exchange Board of India (SEBI), has put in place a new form for ASBA (Application Supported by Blocked Amount) facility. ASBA facility has become mandatory for all categories of investors applying...
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RBI tells banks to replace defective 1,000-rupee notes

Out of 300 million defective banknotes that were printed in one of the printing presses of government-owned Security Printing and Minting Corporation of India, about 100 million of those notes have hit the market leaving the general public in a tizzy. About 200 million pieces were transferred to...
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Government to introduce startup blueprint this month

The government, in two weeks, will unveil a blueprint for startups to ease the process of setting up new ventures. Prime Minister Narendra Modi will release the blueprint of ‘Start Up India’ programme which may include a Startups and Entrepreneurship Law to make it easier for setting up...
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Toshiba JSW Power Systems defers expansion plan

Toshiba JSW Power Systems has deferred the expansion plan of its turbines and generators manufacturing facility in Manali, near Chennai, at least for the next two to three years as it wants to build a meaty export order book, a top official said. Talking to The Hindu, Toshiba...
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Investment in technology key to CAMS growth: CEO

CAMS manages vast data for mutual funds, private equity, banks, NBFC, insurance companies and even brokerages. As mutual fund investments are long-term in nature, technology platforms business processes and controls are designed to protect the interest of investors. This includes special processes for managing dormant investor accounts, minor...
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Government electrifies 20% more villages

The government has electrified 20 per cent of the villages that were without power at the start of this financial year, according to an analysis by The Hindu of the data provided by the Deendayal Upadhyaya Gram Jyoti Yojana (DDUGJY). As of January two,2016 the DDUGJY had electrified...
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