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Grasim hearing today as SEBI makes its case
THE Securities and Exchange Board of India (SEBI) today filed an affidavit before the Securities Appellate Tribunal (SAT) - as instructed by the latter - to show that it has fresh evidence to investigate whether the Birlas obtained ...
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FIs lapping up L&T shares
IN the midst of uncertainty over the fate of Grasim open offer for L&T shares, domestic financial institutions have been busy making purchases in L&T shares from the secondary market over the last 8-10 days. Stockbrokers said financial ...
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SEBI argument
MUMBAI: According to sources who claimed access to the SEBI affidavit, some of the points made by the regulator to support that Grasim had controlled L&T were; that Grasim recommended appointment of two directors on the board of L&T; that ...
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Damodaran to head both UTI-I, II `for time being'
THE Government has decided to put the UTI Chairman, Mr M. Damodaran, in charge of both UTI-I and UTI-II in the near term, according to senior Government officials. Mr Damodaran, who has completed over one year as Chairman of UTI, would now head ...
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Cabinet approves Bill on company tribunals
THE setting up of the proposed National Company Law Tribunal (NCLT) and the National Company Law Appellate Tribunal (NCLAT) is in its final leg with the Union Cabinet giving its nod on Tuesday to the Companies (Amendment) Bill, 2001, which ...
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Jet Air CEO Forte quits
THE Chief Executive Officer, Jet Airways, Mr Steve Forte, has resigned from his current position from December 1 this year citing personal reasons. In a statement, the airline has said that after 41 years in the airline industry, the last 17 ...
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Jumbo among Rs 206-cr FDI plans cleared
THE Dubai-based Jumbo Group's twin proposals to increase foreign equity in two group companies in India, namely Shaw Wallace and Falcon Tyres, are among the 41 FDI proposals involving FDI worth Rs 206 crore cleared by the Minister for ...
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Private FM radios hit AIR pocket
SEVEN months after private FM radio went on air in Mumbai, it is yet to significantly challenge the dominance of the Government-owned All India Radio (AIR) in the segment. The city has the highest number of private FM players in India - ...
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