Comply or face penalties No extension of Clause 49 deadline, says SEBI chief
"As you get closer to December, this is not the time to wake up and say what do we do with the large boards. If your companies are considered as Fortune 500 companies, nine months is enough to address this problem."
Most PSU cos yet to comply
WITH the deadline just over a month away, public sector companies that are listed have yet to comply with the requirements of Clause 49 of the Listing Agreement on composition of the board of directors. Of the nine PSUs in the Nifty, only one ...
Retail investors to get 5% discount in ICICI Bank's public issue
ICICI Bank has decided to offer shares to domestic retail investors (investing up to a maximum of Rs 1 lakh) at a five per cent discount to the issue price in its public issue opening on December 1. The total issue size is Rs 8,050 crore, ...
Some PSBs pitch for competition, not keen on fixing floor rates for loans
A SECTION of public sector banks does not appear to be keen on reaching an informal, industry-wide floor-level lending rate structure. Discussions are on between banks to arrive at an understanding on indicative floor-level lending rates for ...
RBI cell to monitor financial conglomerates
THE Reserve Bank of India has said it has constituted the Financial Conglomerate Cell (FCC) within the Department of Banking Supervision in the wake of many financial conglomerates emerging in India. The FCC is a nodal agency which co-ordinates ...
Close tab on equity markets
THE Reserve Bank of India (RBI) has said it keeps a close watch on the developments in the equity market to guard against any spillover of disturbances to other financial markets. When the stock market turned volatile on May 17, 2004, the RBI ...
Structured investment products booming
A number of wealth advisors are known to be offering plans that actively involve derivatives.
Geodesic to acquire PicoPeta Simputers
SOFTWARE solutions provider, Geodesic Information Systems Ltd, said on Thursday that it was acquiring the Bangalore-based PicoPeta Simputers Pvt Ltd for an undisclosed sum. "There's a lot of synergy between both the companies which complement ...
Nokia gets $141-m BSNL network expansion deal
THE world's largest telecom gear manufacturer, Nokia, has bagged a $141 million (Rs 635 crore) order from India's largest telephone operator, Bharat Sanchar Nigam Ltd (BSNL), for the supply of cellular equipment. The deal is an extension of a ...
Microsoft unveils retail strategy Over 500 outlets to vend Windows-powered products
IN a move that would provide consumers a hands-on experience of its technologies, Microsoft today announced its retail strategy as part of which it would partner with over 500 retail outlets to offer all Windows powered products including Media ...
Good show! But little money coming into women's cricket
Why is the women's team unable to attract advertisers?
"It's almost a chicken-and-egg situation. The interest in women's cricket is low and hence the sponsors are not coming. On the other hand there is need for some kind of corporate support to popularise the game."
Indian cos in Afghan not to scale down operations
DOMESTIC firms involved in the reconstruction of Afghanistan, including Power Grid Corporation of India Ltd (PGCIL), C&C Constructions and WAPCOS, have stepped up their guard in the wake of the recent killing of an Indian national by the Taliban.
`Low' slides into Arabian Sea; north bracing for cold wave
WEDNESDAY'S `low' over southern Tamil Nadu and neighbourhood sped its way west to cross Kerala overnight and position itself over southeast Arabian Sea on Thursday afternoon in line with predictions. Associated upper air cyclonic circulation ...
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