Sebi lists top 10 sellers in HPCL, BPCL scrips
New Delhi: The Securities & Exchange Board of India (Sebi) has submitted to the finance ministry the list of top ten sellers of Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) scrips on the National Stock Exchange during the week preceding the meeting of the Cabinet Committee on Disinvestment (CCD) on September 7.

According to finance ministry officials, Sebi has informed the government that share prices of HPCL and BPCL fell sharply on September 9, after the CCD postponed decision on divestment in the two oil companies by three months in its September 7 meeting.
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AMFI for cheque writing for money market mutuals
Kolkata: The Association of Mutual Funds in India (AMFI) has appealed to the Reserve Bank of India to obtain permission for cheque-writing in money market mutual funds (MMMFs). An AMFI team has recently made a presentation before the central bank on this issue.
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Stock brokers can't move into insurance
Hyderabad: Responding to the representations from stockbrokers for permission to act as insurance brokers, the Securities and Exchange Board of India (SEBI) said the regulations of the insurance regulator - the Insurance Regulatory and Development Authority (IRDA) - does not permit stockbrokers to take up insurance broking.
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UTI-I and UTI-II may team up for equity sales
Mumbai: UTI-I and UTI-II are likely to work together in case of strategic sales to realise the best possible price, say sources familiar with UTI's restructuring exercise. "It would be natural to assume that they would talk to each other in case they sell a large chunk of a company's equity in order to realise the best price," sources said.
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