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MF distributors' nod not a must for shifting investments, says Sebi
The Securities and Exchange Board of India (Sebi) has asked asset management companies (AMCs) not to compel investors to get no-objection certificates (NoCs) from their existing distributors for shifting their investments.

Rs 35 crore at stake in IPL-3 after Sena threat to Aussies
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Global crisis led to breakdown of trust in fin system: RBI
Reserve Bank Governor D Subbarao today said the ongoing global crisis has resulted in a massive breakdown of trust in the financial system and that the study of economics could lose its value base.
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Asian markets end negative; Seoul Composite sheds 2%

The Asian markets have closed negative. The Hang Seng slipped 136 points to 21,479 and the Nikkei dropped 127 points or 1% to 9,717. - Recovery short-lived: Markets slip again - US markets end off day"s high - L&T up marginally on Rs 6,897cr order - Ashok Leyland moves up on sales jump - Sensex ends up 523pts - Asian markets extend gains The Shanghai Composite on the other hand is marginally up 1% at 3,155. The Seoul Composite has shed 2% to 1,553. The Straits Times and the Taiwan Weighted Index are down 0.5% each. __________________________________________________ (Updated at 1100hrs) Asian markets continue to show weakness in trades today. The Hang Seng has shed 196 points (1%) to 21,418. The Nikkei has dropped 125 points (1.2%) to 9,719. The Seoul Comspoite has slumped 25 points (1.5%) to 1,556. The Taiwan Weighted has declined 36 points to 7,431. The Straits Times is down 13 points at 2,636. Meanwhile, the Shanghai Composite has managed to hold on in the green. The index is up seven points at 3,136. __________________________________________________ (Updated at 0818 hrs) Asian markets are in the red this morning. The Nikkei has shed 114 points (1%) to 9,731 as exports declined. The Hang Seng has dropped 109 points to 21,506. The Seoul Composite has declined 14 points to 1,566. The Taiwan Weighted has slipped12 points to 7,455. The Straits Times is down eight points at 2,641. However, the Shanghai Composite is up 19 points at 3,147.


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