Accounts of Zakir Naik's IRF are being checked to find for what purpose the funds were sent from abroad and for what purpose the funds were utilised.
Zakir Naik is all over the news after two of the attackers in the Dhaka attacks were found to have been influenced by him. The Islamic preacher has now come under the scanner of the Indian government.
Interest rate futures' turnover nearly hit Rs. 1.5 lakh crore on bourses in the first half 2014-15, even as trading value in September slipped by nearly 32 percent as against the previous month.<br />
UK Sinha said the regulator is also looking into how to provide more liquidity, specially in repo market and the linkage between the currency the interest derivatives market.<br /><br />
Sebi had said IRF will be introduced on a pilot basis and the product's features will be reviewed based on the experience gained. To begin with, the regulator had said that serial monthly contracts with a maximum maturity of three months would be available.
MCX-SX said its board consulted the institutional shareholders of the exchange at a meeting held today and based on the broad consensus expressed therein on the need to raise capital through a rights issue.
Earlier last month,Sebi had permitted the stock exchanges to introduce cash-settled IRFs on 10-year government bonds, which has been a long pending demand of capital market participants.
Miercom certification validates H3C S12508 and S5820X switches use up to 50 percent less energy than competitors; cites value of IRF technology.