Froriep Renggli, a Zurich-based law firm, has alleged the active connivance of UBS in routing trades in Reliance Energy and Reliance National Resources through its clients' accounts.

On 28 December 2009, Froriep Renggli, a Zurich-based law firm, acting on behalf of unnamed ‘clients’ who are customers of the Union Bank of Switzerland (UBS) dashed off letters to the Reserve Bank of India...

The RBI has barely suppressed its dismay over the finance minister’s announcement that the apex bank is considering allotting new banking licences to private-sector players.

A surprise element in Pranab babu’s popular Budget was the announcement that the Reserve Bank of India (RBI) is considering new banking licences for private-sector players in order to extend the ‘geographic reach’ of...

SEBI has shot off show-cause notices to insurance companies, unmindful of the fact that they report to another regulator

While itself under a cloud over the ill-planned decision to scrap entry-loads on mutual funds without a proper roadmap for implementation, SEBI is now stirring up the insurance industry over their unit linked insurance plans (ULIPs). ULIPs are, indeed, a controversial...