YES Bank IPO: NSDL cries foul over blame pinned on it Says regulation is SEBI's job
"As the order has been passed against NSDL without following the principles of natural justice, without giving NSDL the material and documents which SEBI seeks to rely on, the order suffers from grave legal defects."
Finance Ministry does not favour extending Clause 49 deadline Wants to stick by SEBI's stance
WITH a few days to go before the deadline for compliance with the revised Clause 49 of the Listing Agreement expires, the Finance Ministry has come out in support of the capital market regulator's current stance that there should be no extension ...
Reliance demerger catches fund managers, traders on wrong foot
THE demerger of Reliance Industries (RIL) has created confusion among fund managers, FIIs and traders who follow the Sensex and the Nifty index. The confusion among fund managersis: how to balance their portfolio following the demerger and ...
Sensex rebounds on `value-picks'
STOCK markets rebounded smartly on Tuesday on broad-based buying and "value-picks" by foreign funds after many stocks became "attractive" following Monday's fall, traders said. The benchmark BSE-30 surged by 197.27 points (2.17 per cent) to end ...
As Nigerian acquisition plans fizzle out ONGC not to offload equity stake in IOC, GAIL now
AS an immediate fallout of the Centre disallowing ONGC to acquire assets in Nigeria, the exploration and production major has dropped plans to sell part of its equity stake in IOC and GAIL (India) during this year. The corporation holds 10 per ...
Private airlines told to train pilots to fly in foggy conditions Fallout of delays, confusion at Delhi airport
THE Government has threatened that it would not allow private airlines to fly out of Delhi from next winter unless they have trained manpower to operate flights in foggy conditions, said the Secretary of Civil Aviation, Mr Ajay Prasad. "We ...
UTI MF to launch three offshore funds next year
UTI Asset Management Company, the country's largest fund house, plans to come out with three offshore funds next year for investing in the booming Indian equities market. It also plans to launch three debt and equity funds in the short-term, ...
Net subscriber base tops 6-m mark
IT is not just the mobile segment that is breaking records, the dial-up Internet subscriber base too has crossed the 6-million mark - three months ahead of the target date set by the government as part of its broadband policy. According to ...
Infrastructure growth down to 3 pc in Nov Crude oil, steel, coal, electricity fare badly
Only one sector, petroleum refinery products, managed to post a slightly higher growth rate
Insurers are once bitten, twice shy
FACED with mounting claims from information technology companies, non-life insurers have suggested that liabilities be shared by the respective corporates. Sources said the medical claims ratios from IT and IT-enabled services corporates were ...
Changing lifestyles push liquor sales
IT was more than just a frothy year for the country's liquor industry in 2005 combined with consolidation, price stability and regularisation. The UB Group and SAB Miller emerged as the country's lead players after their now-famous acquisitions ...
2005 is second warmest year on record, says WMO
The 2005 Atlantic hurricane season brought an unprecedented 26 named tropical storms that caused devastating losses across Central America, the Caribbean and the US. Fourteen of the named storms were hurricanes.
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