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Wednesday, January 26, 2005

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Cos to get time to comply with public shareholding norms
LISTED companies with public shareholding of less than 25 per cent would be given sufficient time to conform to the amendments carried out to the takeover code in the last week of December 2004, the Chairman of the Securities and Exchange Board ... More

Reliance Info shares allotted at discounted price?
THE controversy over allotment of shares in Reliance Infocomm took a new turn today with allegations that a close confidant of Mr Mukesh Ambani was issued shares at a discounted price. According to Reliance sources, a company called Kaizen ... More

New SEBI disclosure guidelines to bring down issuers' ad costs
COMPANIES that are planning public issues can look forward to reducing their advertisement cost with the changes that the Securities and Exchange Board of India has made to the Disclosure and Investor Protection guidelines. Earlier, companies ... More

Govt defers stake sale in BHEL, Maruti to next fiscal
THE Government has decided to defer the proposed sale of 10 per cent equity in Bharat Heavy Electricals Ltd (BHEL) and 7.5 per cent in Maruti Udyog Ltd (MUL) to the next financial year. The Finance Minister, Mr P. Chidambaram, said that the ... More

On track to $50-b export goal: Maran
WITH exports of electronics and computer software services notching a 33-per cent growth rate during 2003-04, the Union Minister for IT and Communications, Mr Dayanidhi Maran, has expressed confidence that India was on track to achieve the export ... More

NTPC in talks with NPC for foray into nuclear power generation
NATIONAL Thermal Power Corporation (NTPC) is in talks with Nuclear Power Corporation of India (NPCIL) for possibilities of entering into nuclear power business, as part of its diversification agenda. Officials of the Rs 26,000-crore company ... More

Results provide the spark
THE market sentiment during the day, in contrast to Monday's trading, was quite bullish. Ignoring Monday's fall in the key global market indices and sluggish FII flows into the domestic markets, both the BSE Sensex and S&P CNX Nifty bounced ... More

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    GoM meet on gas price hike for fertiliser, power units inconclusive

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