As per the new guidelines, DTs can ask CRAs about rating assigned and revised for debt securities along with the rationale for the same.<br /><br />
Deutsche Bank raised its target price on Jubilant FoodWorks to Rs 1,300 from Rs 1,260, saying it continues to "believe in the long term story and strong runway to growth."
Stakeholders informed PFRDA that subscribers be given a specific option to defer or time the entire lump sum withdrawal (maximum 60 percent) at the time of exit.
JSW Steel is planning to raise $600 million through overseas borrowings during the April-June quarter to refinance part of its rupee loan.
Credit Suisse downgraded Tata Power to "underperform" from "neutral" and cut its target price to Rs 83 from Rs 104 .
Bank of America Merrill Lynch downgraded automakers Mahindra and Mahindra and Bajaj Auto to "underperform" from "buy" each, citing share gains since mid-2012 and valuations it considered "not compelling."
Old age pension is likely to be linked with inflation index on the pattern of MNREGA besides being made universal by doing away with APL and BPL criteria, the government today informed Rajya Sabha
Kotak Institutional Equities upgraded Hero MotoCorp to "add" from "sell", and maintained its "reduce" rating on Bajaj Auto.
Shares in Larsen & Toubro gained more than 2 percent after Goldman Sachs upgraded the stock to "buy" from "neutral".
Shares in Reliance Industries gained 0.2 per cent after Morgan Stanley upgraded the stock to "overweight" from "underweight" and raised its target price to Rs. 961 apiece from Rs. 798 earlier.
The MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.4 percent, dragged down by a 1.1 percent slide in Australian shares and a 0.6 percent drop in South Korean shares.
Vijayan, who took over as Irda chairman from J Hari Narayan last week, paid a courtesy call to the finance minister.
JPMorgan raised its target price on Infosys to Rs 3,200 from Rs 3,100 while maintaining its "buy" rating.
Shares of Jet Airways today tanked more than 3 percent amid investor concerns whether its stake-sale deal with Abu-Dhabi based carrier Etihad would materialise.
India's non-banking financial shares gain on Monday after the RBI issued guidelines allowing any business sector to apply for banking licenses.
Shares in Sun Pharmaceutical Industries gained 1.8 percent after Credit Suisse said the drug maker's subsidiary Taro Pharmaceutical Industries has pushed through price increases in three products last week, citing industry checks.
PE giant TPG Capital today offloaded nearly 10 percent stake in commercial vehicle financier Shriram Transport Finance Company in open market deals worth over Rs 1,600 crore, one of the biggest PE transactions in recent months.
Shares in software service exporter Wipro fell as much as 2.2 percent while power equipment maker Siemens retreated on Thursday after India Index Services & Products said both companies would be removed from the Nifty on April 1.
Shares in Jaiprakash Associates fell as much as 4.2 percent, a day after the company reported a 64.2 percent fall in Oct-Dec net profit to Rs 111 crore .
The largest representation of government-owned companies is in 50-share Nifty index of which 10 are PSUs.
The companies on their behalf regularly send reminders to the concerned shareholders requesting them to claim their dividend.
The outstanding credit to MSME sector in respect of scheduled commercial banks was Rs 8,55,658 crore at March-end this year.
The Sensex ended flat as active participants refrained from long positions in the absence of fresh triggers
Morgan Stanley raised weightage of energy stocks in its India model portfolio to 3 percent, while cutting 1 percent each from consumer staples and discretionary stocks.
Shares in UltraTech Cement fell 2 percent after the cement maker reported a 3 percent fall in October-December net profit at Rs 600 crore on Saturday.
Leading foreign brokerage Deutsche Equities India today joined counterparts in giving an "overweight" call on Indian markets and said BSE benchmark Sensex is poised to touch 22,500 points by 2013-end.
On the other hand, the domestic institutions have upped their stake considerably in the past one year from 2.51% at the end of 2011.
In a move to regulate mutual fund distribution business, Sebi today said it has notified regulations to set up a Self Regulatory Organisation (SRO) to monitor distributors of mutual fund and portfolio management products.