Asset manager Schroders appoints Marc Brookman as CEO of North America division
(Reuters) - British asset manager Schroders Plc on Tuesday appointed Marc Brookman as chief executive officer of its North America division. Brookman, who joined the firm as deputy CEO of the division last year, will replace Karl Dasher…
100 MSMEs to explore BSE SME listing this fiscal; number of firms shifting to main board to go up
Earlier this week, BSE had amended the criteria for migration to the main board for SMEs. (Representational)The listing platform for small and mid-size enterprises (SME) at the Bombay Stock Exchange BSE SME launched in March 2012 has so…
Commercial credit falls 2.6% Q-o-Q in June qtr amid slowing economy and rising delinquencies
According to the seventh edition of the TransUnion CIBIL MSME Pulse Report, the commercial credit growth slowed in the June quarter, after growing steadily for several years.The slowing economic growth, rising delinquencies and hamstrung…
Stock corner: Reiterate ‘buy’ on Sun TV Network, target price of Rs 644
On domestic subscription, we expect a healthy 17% revenue growth, led by better monetisation from cable segment.We expect advertisement growth for the media sector to deteriorate further in 2QFY20 due to weak consumer demand sentiment…
Swiss banks see growth shifting to EU if no treaty is struck
GENEVA (Reuters) - Swiss banks will have to shift more operations to the European Union if Switzerland fails to secure a treaty with the trading bloc, Geneva private bankers said on Tuesday. After four years of talks, a deal defining…
BSE appoints MSA Probe Consulting as forensic auditor for CGPIL probe
In the same order Sebi also barred CG Power’s ex-chairman Gautam Thapar, former directors Madhav Acharya and B Hariharan, and chief financial officer VR Venkatesh from accessing the securities market alleging fraudulent transfer of funds…
PMC Bank tells RBI will recast balance sheet at the earliest
Withdrawals were initially limited to Rs 1,000 per account. The limit was subsequently relaxed to Rs 25,000 and then to Rs 40,000.Representatives from Punjab & Maharashtra Cooperative (PMC) Bank on Wednesday met Reserve Bank of India…
Sebi accepts Amfi proposal to levy exit loads in liquid schemes
The graded exit load has been set at 0.0070% on Day 1, 0.0065% on Day 2, 0.0060% on Day 3, 0.0055% on Day 4, 0.0050% on Day 5, 0.0045% on Day 6 and zero exit load from from Day 7 onwards.Markets regulator Securities and Exchange Board of…