Stock market regulator, Securities and Exchange Board of India (Sebi) has imposed ban on the premature exits from close-ended funds. It would now be necessary for all close-ended funds to list on the bourses. SEBI board has also announced to extend validity for public offers and rights, from three months to one year on the condition of filing of fresh document with the market regulator. All policy related news can be accessed from the website of the regulator. The new rules would be implemented on all new schemes while existing schemes would not be covered under new rules.

Indian economy would marginally be impacted by the global slowdown and government would do its best to mitigate the impact. The impact of the global slowdown may increase with time but country has not felt the indirect knock-on effect of the global crisis so far. It is said by the chairman of RBI who was speaking in the sidelines of a seminar on "Mitigating spill-overs and contagion — lessons from the global financial crisis." on Thursday.

The largest iron ore producer of the country, National Mineral Development Corporation (NMDC) is all set to slash the prices of iron ore by 40 percent. The step is aimed to increase the demand of iron ore for the manufacture and automobile sector. The board of NMDC would meet on December 4-5 to discuss the impact of the global slowdown on steel makers and iron industry.

After nearly a six-month ban, Future trading in soya oil, chana, potato and rubber resumed on 4 December on the MCX, NCDEX, NMCE and NBOT platforms. While soya oil and chana opened weak, potato and rubber were firm.

India’s top Design firm, Bobby Mukherji & Associates (BMA) received the coveted CNBC Awaaz Crisil Real estate award for the best hospitality interior project.

At a splendid award function held at the ITC Maratha, Mumbai, the award was presented to Bobby Mukherji, by India’s top honchos, Mr. Senthil Chengalvarayan–Managing Editor–CNBC TV18, Mr. Neel Choudhury- VP Marketing & Sales-CNBC TV-18 & CNBC Awaaz, Mr. Anshul Jain-CEO-DTZ & Mr.Tribhuwan.