TheNewsClues | Read the latest business economy and financial news in short. Business and financial news aggregator with news summary.
Swipe through the latest business and wealth clues with our android app
Clues by NC Team • 17 Jan 2019, Thursday

Market regulator SEBI, in a circular on Wednesday, permitted mutual funds to write call options of stocks that are part of the benchmark indices under a covered call strategy. However, as per SEBI rules, the total notional value (taking into account strike price as well as premium value) of call options written by a scheme shall not exceed 15% of the total market value of equity shares held in that scheme. In case of any passive breach, the scheme will have seven trading days to re-balance the portfolio during which no additional calls can be written in the scheme. 

Read More at Business Standard
Clues by NC Team • 29 Dec 2018, Saturday

State-owned Central Bank of India informed through a regulatory filing on Friday that it will raise about Rs 200 crore by issuing shares to employees under the employee stock purchase scheme. The proposal was approved by the board in their December 28 meeting. Last week, Syndicate Bank had informed about raising up to Rs 500 crore by issuing 30 crore shares to employees under the employee stock purchase scheme. The government in March 2017, had allowed public sector banks to offer stock options to their employees with the twin objectives of raising capital and retaining experienced hands.  

Read More at The Economic Times

©2019 TheNewsClues