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Inflation spiral
December CPI inflation hit 7.35 per cent, dashing hopes of a rate cut by MPC in its next meeting.
Read more: December retail inflation spikes to 5-year high
Marked down
With the SC refusing relief to the telecom operators from AGR, Franklin Templeton decided to take a 100 per cent write-down of its holdings in Vodafone Idea across 6 debt schemes.
Also read: Franklin MF marks down to zero Voda-Idea paper held by 6 schemes
MF wishlist
The Mutual Funds industry body has sought tax exemptions upto Rs 1.5 lakh for a new class of debt linked savings schemes.
Read more: AMFI seeks tax waiver for debt linked savings schemes
New indices
NSE has flagged off new sector indices playing on oil and consumer durables.
Also read: NSE launches oil & gas, consumer durables indices
Clean chit
SEBI has changed its mind to exonerate Ravi Narain and many others in the NSE dark fibre case, perhaps clearing the decks for an NSE IPO.
Read more: SEBI exonerates Ravi Narain, 8 others in NSE dark-fibre case
Bullion boost
The Commerce Ministry is proposing a cut in gold import duties in the Budget.
Also read: Commerce Ministry proposes cut in gold import duty in Budget
Deadline extended?
SEBI is likely to grant stock brokers extra time to comply with its upfront margin norms.
Read more about stock brokers get more time from SEBI to implement upfront margin collection norms
Compiled by Aarati Krishnan
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