IPCL plunges on news of early open offer closure 
Mumbai: The stock price of the newly privatised IPCL nosedived 31.80% on BSE in reaction to news that its successful bidder, Reliance Industries Ltd is going to complete all open offer formalities by Sept 2, 2002 19 days ahead of schedule. 
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Hectic trading at Satyam counter
Mumbai: Satyam Computer Services on Thursday witnessed a huge spurt in trading activity accounting for almost a third of the total traded volumes on the bourses. 
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Sebi hires auditors to probe SHCIL's books
Mumbai: Stock Holding Corporation of India is under the regulators' lenses. The Securities and Exchange Board of India is understood to have appointed the auditing firm, Haribhakti & Co to conduct a thorough inspection into SHCIL's books, while a senior Reserve Bank of India official is expected to step in as the managing director of the company.
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SEBI proposes `corporate governance rating' soon - In touch with Crisil, ICRA
Hyderabad: The Securities and Exchange Board of India has sought the services of two of the leading credit rating agencies in the country - Credit Rating Information Services of India Ltd (Crisil) and Investment Information and Credit Rating Agency to prepare a comprehensive instrument for rating the good corporate governance practices of listed companies. 
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Bear run arrested
Bears dominated the initial hours of Thursday's trading. Thereafter, bulls gained control of the day's proceedings. Thursday's market action resulted in reducing the bear count by a considerable margin. 
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OTCEI mulls various options for survival
Mumbai: The Over The Counter Exchange of India (OTCEI) is finally coming to terms with what could be a reality for it: a consolidation with the National Stock Exchange (NSE) or some form of alignment with small stock exchanges. 
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BSE, NSE warn badla traders
Mumbai: Both the Bombay Stock Exchange and the National Stock Exchange yesterday said they would take disciplinary action against any market participants found to be engaged in unofficial badla. 
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HPCL, BPCL plummet on disinvestment delays
New Delhi: The news of postponement of the meeting of the Cabinet Committee on Disinvestment to September 7 led to a steep fall in the share prices of oil PSU majors, HPCL and BPCL, on the bourses on Thursday. 
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`SE boards must have equal numbers from all stakeholders'
Mumbai: A SEBI group on corporatisation and demutualisation of stock exchanges has recommended that the boards of stock exchanges should have equal representation from the various stakeholders shareholders, brokers and investing public. 
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Rupee ends weak; securities rise
Mumbai: THE rupee closed weaker on Thursday at 48.5250/53 as compared to its previous close of 48.4825/4875 in the forex market. 
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