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Thursday, May 19, 2005

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Simpler delisting norms for small cos in 6 months
The Securities and Exchange Board of India (SEBI) Chairman, Mr M. Damodaran, said on Wednesday that a simpler exit route for such companies would be evolved in the next six months. "We are working on this and there will be good news for you in ... More

Review of quarterly reporting ruled out
Mr Damodaran ruled out any changes to the current system of quarterly reporting of earnings by corporates. "I don't think we can go back on the current system of quarterly reporting of results. If we do that the signal would be far too ... More

`No plans to ban participatory notes'
THE Securities and Exchange Board of India (SEBI) has no plans to ban participatory notes, Mr M. Damodaran, Chairman, SEBI, said here on Wednesday. Speaking to presspersons on the sidelines of the CII annual session, Mr Damodaran justified the ... More

Southwest monsoon to be late by a week — Rainfall may be `near normal'
THE southwest monsoon will be delayed by a week, but the overall rainfall is expected to be `near normal', according to the India Meteorological Department (IMD). The new forecast model suggests that the onset will take place on June 7 with a ... More

Cabinet to consider mid-term appraisal of 10th Plan today
THE Union Cabinet will take up for approval the Mid-Term Appraisal (MTA) of the 10th Plan (2002-07) on Thursday. "The MTA will go to the Cabinet for clearance tomorrow," said Mr Montek Singh Ahluwalia, Deputy Chairman of the Planning ... More

Layoffs loom large for Surat diamond workers
THE Surat diamond polishing industry, which accounts for eight out of 10 diamonds sold in the world, is facing a peculiar problem. While the industry is soaring in value terms, lower volumes may force diamond polishing units to lay off ... More

Protests growing against telecom towers
THE NIMBY (Not In My BackYard) movement is creeping into the country and threatens to write a bad chapter or two in the happy Indian telecommunications growth story. Protest by local communities against telecommunication base stations as ... More

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