Karvy

Hyderabad-based Karvy Stock Broking is accused of raising loans from IndusInd Bank, HDFC Bank, ICICI Bank, and others pledging clients' securities and using the funds as working capital. It has defaulted on several such loans, the police have said.

A man was allegedly shot dead by his brother over a petty issue in Chitrakoot's Karvi, police said on Tuesday.

Sebi barred Karvy on Friday after a preliminary investigation by the National Stock Exchange (NSE) showed the brokerage pledged and sold some of its client securities to raise funds for its own use, without client authorisation and in violation of new rules.

Subscriber would be provided an option to choose between NSDL e-governance and Karvy Computershare.

Karvy Private Wealth said individual wealth grew 8.5 per cent to race past Rs 300 trillion mark at the end of 2015-16, driven by faster-clipped growth in physical assets, and will grow to Rs 558 trillion in the next five years.

Mutual funds industry body Amfi has said the investor accounts would continue to earn the returns and other benefits accruing even when the folios are 'freezed'.

The Competition Commission of India (CCI) has approved Karvy Data Management Services' proposed acquisition of IT solutions provider Mphasis's domestic business process management business.

This is Mphasis' second definitive agreement further to the recent signing with Hinduja Global Solutions (HGS) to transfer over 7,000 employees, which was roughly two-third of the domestic voice business.

However, Sebi has allowed the entity to continue with primary market activities that have been undertaken before Monday's order.

As per Securities and Exchange Board of India directive, listed firms are required to resolve investor complaints within a month of receiving them failing which they would be liable for penal action.

Life Insurance Corporation (LIC), India's largest life insurer, has tied up with all the five insurance repositories to enable its policyholders to manage their policies through a single account.

"Falling cost of equity, an earnings growth between 20-25 per cent and multiple rerating (earnings) from 15 times to 16-17 times in the next few years could lead to a 25 per cent compounding of Sensex returns, which will take it to 100,000 levels by Calendar year 2020," said Varun Goel of Karvy.

In a major order with regard to the IPO scam of 2003-2005, market regulator Securities and Exchange Board of India (Sebi) has barred Karvy Stock Broking Ltd (KSBL) from taking up new assignments or launching new schemes for six months in respect of its role as a stock broker.

Sebi has found that Karvy Stock Broking Depository Participant indulged in irregularities with respect to initial public offerings of certain companies way back in 2005.

Indian gold futures eased from their highest level in two months, weighed by weak overseas leads and a stronger rupee.

Hyderabad-based Karvy Stock Broking is accused of raising loans from IndusInd Bank, HDFC Bank, ICICI Bank, and others pledging clients' securities and using the funds as working capital. It has defaulted on several such loans, the police have said.

A man was allegedly shot dead by his brother over a petty issue in Chitrakoot's Karvi, police said on Tuesday.

Sebi barred Karvy on Friday after a preliminary investigation by the National Stock Exchange (NSE) showed the brokerage pledged and sold some of its client securities to raise funds for its own use, without client authorisation and in violation of new rules.

Subscriber would be provided an option to choose between NSDL e-governance and Karvy Computershare.

Karvy Private Wealth said individual wealth grew 8.5 per cent to race past Rs 300 trillion mark at the end of 2015-16, driven by faster-clipped growth in physical assets, and will grow to Rs 558 trillion in the next five years.

Mutual funds industry body Amfi has said the investor accounts would continue to earn the returns and other benefits accruing even when the folios are 'freezed'.

The Competition Commission of India (CCI) has approved Karvy Data Management Services' proposed acquisition of IT solutions provider Mphasis's domestic business process management business.

This is Mphasis' second definitive agreement further to the recent signing with Hinduja Global Solutions (HGS) to transfer over 7,000 employees, which was roughly two-third of the domestic voice business.

However, Sebi has allowed the entity to continue with primary market activities that have been undertaken before Monday's order.

As per Securities and Exchange Board of India directive, listed firms are required to resolve investor complaints within a month of receiving them failing which they would be liable for penal action.

Life Insurance Corporation (LIC), India's largest life insurer, has tied up with all the five insurance repositories to enable its policyholders to manage their policies through a single account.

"Falling cost of equity, an earnings growth between 20-25 per cent and multiple rerating (earnings) from 15 times to 16-17 times in the next few years could lead to a 25 per cent compounding of Sensex returns, which will take it to 100,000 levels by Calendar year 2020," said Varun Goel of Karvy.

In a major order with regard to the IPO scam of 2003-2005, market regulator Securities and Exchange Board of India (Sebi) has barred Karvy Stock Broking Ltd (KSBL) from taking up new assignments or launching new schemes for six months in respect of its role as a stock broker.

Sebi has found that Karvy Stock Broking Depository Participant indulged in irregularities with respect to initial public offerings of certain companies way back in 2005.

Indian gold futures eased from their highest level in two months, weighed by weak overseas leads and a stronger rupee.