Please Contact Us

GCL - News & Events | News | Events

NEWS & EVENTS

You can have a look at latest industry news from around the world here. We organize various activities and events which are highlighted here. We are regularly updating all the visitors on our website with latest news and events.

Latest News
  • Former prime minister Mr. Atal Bihari Vajpayee passed away.
    2018-08-16, By: System Administrator

    Former prime minister and BJP stalwart Atal Bihari Vajpayee has died at the All India Institute of Medical Sciences (AIIMS) in Delhi, the hospital said on Thursday. He was 93. The three-time prime minister was admitted to the hospital on 11 June this year in a critical condition and had been at the facility since then. Vajpayee was suffering from urinary tract infection, lower respiratory tract infection and kidney problems.

    "It is with profound grief that we inform about the sad demise of Former Prime Minister of India, Shri Atal Bihari Vajpayee at 05:05pm on 16.08.2018." said AIIMS in a medical bulletin.

    "Shri Vajpayee was admitted in AIIMS on 11.06.2018 and was stable in the last 9 weeks under the care of a team of AIIMS doctors. Unfortunately, his condition deteriorated over the last 36 hours and he was put on life support systems. Despite the best of efforts, we have lost him today. We join the Nation in deeply mourning this great loss." AIIMS added.(Source : Mint).

  • Sebi plans to cap investor's equity exposure in line with net worth.
    2018-08-14, By: System Administrator

    The Securities and Exchange Board of India (Sebi) is planning to limit investor's exposure to shares and equity derivatives in line with their net worth, said three people with knowledge of the development. The move is aimed at preventing individuals from going overboard on equity investments, considered riskier than bonds.
    The proposal is similar to the concept of accredited investors in some developed markets. An accredited investor is one who meets requirements regarding income, net worth, asset size, governance status or professional experience. The US regulator has adopted requirements for accredited investors to protect those who may be unable to sustain the economic risk of investing in unregistered securities. The proposal, if implemented, could impact a number of equity investors. (Source : Economic Times)

  • HDFC Bank founder member & deputy MD Paresh Sukthankar Quits.
    2018-08-11, By: System Administrator

    Paresh Sukthankar, deputy managing director and a member of the founding team at HDFC Bank Ltd, has resigned.

    In a notification to stock exchanges, the bank said that Sukthankar has tendered his resignation as Deputy Managing Director, to be effective 90 days from the close of business hours on Friday.

    Sukthankar's resignation comes as a surprise as he was considered one of the front-runners to succeed MD and chief executive officer (CEO) Aditya Puri, who is set to retire in October 2020.

  • Investors can hold shares in physical form even after December 5: Sebi
    2018-08-11, By: System Administrator

    The Securities and Exchange Board of India (Sebi) on Friday said its new guidelines do not bar investors from holding shares in the physical form even after December 5. The clarification comes after the market regulator received several calls concerning the applicability of its directive. The regulator had said in July that the transfer of shares of listed companies had to be in the dematerialised mode from December 5.

    "The new amendment does not prohibit investors from holding shares in the physical form. Investors have the option of holding shares in the physical form even after December 5, 2018." Sebi said in a statement. The new rule does not apply to transfer of title of shares by way of inheritance or succession and interchanging of the order of the name of shareholders.

    Besides, the regulator said any investor desirous of transferring shares held in the physical form after December 5 can do so only after the shares are dematerialised. Shares in the demat form will help in having a transparent record of shareholding at companies amid rising concerns over beneficial ownership of entities.(Source : Mint)

  • TCS fixes record date for Rs 16,000 crore share buyback as 18th August 2018.
    2018-08-11, By: System Administrator

    India's biggest IT services company TCS has announced 18 August, 2018, as the record date for buyback of shares. TCS shareholders will be able to participate in the buyback, if they holds shares in their demat accounts as on the record date.

    A buyback is a mechanism through which a company repurchases a specific amount of its outstanding shares. Buybacks help to improve the earnings per share and return on equity. "We would like to inform you that the promoter and promoter group of the company have communicated their intention to participate in the proposed buyback" TCS had said in a BSE filing.

    The buyback will take place through the tender route, in which TCS will accept shares on a proportionate basis during the buyback period. According to Sebi's mandate, companies have to reserve 15% of any buyback for small shareholders with holdings of less than Rs 2 lakh. This will increase the acceptance ratio for TCS retail investors who want to participate in the buyback offer.(Source : Mint)

  • M D Mallya The Frontrunner To Succeed Sharma As ICICI Non-exec Chairman
    2018-06-06, By: System Administrator
    Private sector icici bank has initiated the process of appointment of non-executive chairman as the term of incumbent m k sharma is coming to an end on june 30. The process has started and the board has to take a call if the appointment has to be made from the existing pool of independent directors or by inviting an outsider to take up the position, sources said. As the term of the current chairman is coming to an end so a new chairman has to be appointed, sources added. Among various independent directors, seasoned banker and former bank of baroda chairman and managing director m d mallya is set to be the frontrunner to succeed sharma. Mallya was recently appointed to the icici bank board as an independent director on may 29.
  • Tech View: Nifty50 Forms Bearish Engulfing Pattern, 10,620 Level Key
    2018-06-06, By: System Administrator
    The bulls were at the receiving end on monday. Their comeback attempt went in vain, and the nifty50 ended the session at the days low. In the process, the 50-pack index formed a bearish engulfing pattern on the daily chart. A breach of the 10,600-620 range in the coming session may further weaken the technical outlook for the index. On the other hand, the 10,770 level proved too strong a hurdle and may remain so over the next few sessions. For the past three sessions, the nift ..
  • Vegetable Prices Jump In India As Farmers Go On Strike
    2018-06-07, By: System Administrator
    Vegetable prices jumped as much as 10 percent in major indian cities, including mumbai and delhi, as a four-day old strike by millions of farmers curtailed supplies. Farmers began their 10-day protest on friday to press demands such as farm loan waivers and higher prices for produce such as cereals, oilseeds and milk. "wholesale prices of some vegetables like tomatoes and french beans have risen due to lower supplies," said a mumbai-based vegetable vendor mahesh gupta.
  • GCL Won Kisan Pragati Award 2017
    2018-06-06, By: System Administrator
    Ganganagar commodity limited (gcl), one of india's prestigious financial services group has won the "kisan pragati award" at a function organized by ncdex. Ncdx has selected gcl for the award under outstanding performance, category in agriculture commodity in west zone (rajasthan and gujarat) of india. Vishal bagadia and honey sharma, director (s) of gcl have received the award from central food and civil supplies minister ram, vilas paswan and union minister of state for water resources, arjun ram meghwal in a grand ceremony held in hotel taj, new delhi. On the occasion, vishal bagadia, director ganganagar commodity limited said that gcl has been active in the field of commodity exchange from last 13 years. The company is offering services of broking and investment in equities, currency, insurance, mutual funds, along with the online and offline procurement of commodities, hedging and trading to its customers.
Events
Home|About|Career|Terms and Conditions|FAQ|Contact|Registrations / Privacy Policy|Sitemap