SEBI favours self-regulation for mutual funds
Mumbai: The Securities and Exchange Board of India (SEBI) on Wednesday mooted the idea of self-regulatory organisation (SRO) for the mutual fund industry. 
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SEBI cancels JF Mutual's registration
Mumbai: The Securities and Exchange Board of India has cancelled the certificate of registration of Jardine Fleming Mutual Fund on account of change in control of its existing schemes to Sun F&C Mutual Fund. 
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Bear-run arrested
Mumbai: Bears were in control of initial hours of Wednesday's trading activity. Later on, bulls took over and wiped out their early losses. The market sentiment reading of the tradable counters continues to remain bearish. 
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Six CSE brokers in police custody
Kolkata: The Chief Metropolitan Magistrate (CMM) of Calcutta yesterday remanded six stockbrokers to police custody till October 4. They were arrested on September 24 by the Detective Department of Calcutta Police. 
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Markets brave the shoot-out
Mumbai: The attack on the Akshardham Swaminarayan temple in Gandhinagar in Gujarat hardly had any impact on the stock and financial markets yesterday. 
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Trading in Sify suspended on Nasdaq
Chennai: Trading on Satyam Infoway Ltd (Sify) shares on the Nasdaq has been temporarily suspended. The company's symbol has also been changed to SIFYD. 
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Plant sale talk weakens Glaxo
Mumbai: GlaxoSmithline Pharma dropped on rumours of a possible sale of the company's Ankleshwar manufacturing facility impacting ranitidine sales. 
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Settlement for derivatives deferred by a day
Mumbai: The National Stock Exchange and the Bombay Stock Exchange have decided to postpone the expiry/settlement of derivative contracts by one day in view of the all-India bandh today. 
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Tech stocks shine despite all round gloom
Mumbai: The stock market continued to be locked in a tight band of trading, with the BSE Sensex declining by 1.17 points to close for the day at 3021.08 points. 
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Rupee steady; gilts decline
Mumbai: The rupee closed steady on Wednesday at 48.3975/4025 against the dollar as compared to Tuesday's close of 48.3950/4050. 
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