It was quite an action-packed week for the capital markets. While the debt markets witnessed the first auction of government securities (G-Secs) for the current financial year, the equity market felt tremors from Greece. On the other hand, capital market regulator, SEBI, issued an order barring 14 private life insurance companies from launching new unit-linked investment policies (ULIPs) without its prior approval. In an equally stark response, the insurance regulator has directed all the life insurance companies to continue with the business as usual. While the mutual fund industry is definitely excited with the move, the next few days and ...

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