SEBI to re-examine norms on company directorships
Securities and Exchange Board of India (SEBI) chairman G N Bajpai said SEBI is taking a fresh look at certain issues of corporate governance such as the number of directorships a person can hold.
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DCA for stringent entry norms for IDR issues
An issuing company will be eligible to issue IDRs only if it has a net worth of Rs 100 crore and has had an average turnover of Rs 500 crore during the last three financial years.
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Bears prevail on the bourses
Bears exerted further pressure over Monday's trading activity. Bulls were unable to make any impact during the day's trading. The market sentiment reading of the tradable counters continues to remain bearish.
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Bhubaneshwar SE put under administrator
The Securities and Exchange Board of India (SEBI) has superseded the Council of Management of Bhubaneshwar Stock Exchange (BhSE) with effect from 3 January 2003, and has appointed Jai Prakash Verma, IPS (Retd), as the
administrator of the exchange.
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Pidilite rises on funds buying
Pidilite Industries Ltd (PIL), manufacturer of Fevicol, has seen its stock rise on institutional buying. The stock today gained 4.63 per cent at Rs 254.05 on the BSE with volumes of 11,257 shares. On the NSE, the stock closed at Rs 251.
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MTNL stock hits nadir on slippery turf
The stock price of public sector telecom major Mahanagar Telephone Nigam Ltd (MTNL) on Monday touched an all-time low on concern over the possible fall in revenues and profits in the current fiscal.
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Moser Baer jumps as EU drops anti-dumping case
The Moser Baer Ltd (MBL) stock today saw a surge in volumes and spurt in share price on the major bourses as the European Commission dropped the anti-dumping proceedings against the company.
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Cosmo Films down despite bonus plan
Cosmo Films shareholders are expected to benefit in the New Year. The company's proposed board meeting on 14 January 2003 is expected to announce a liberal bonus issue. The talk in the market is that the company would declare a bonus issue soon.
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'Feel-good' percolating down pharma counters
Stocks of frontline pharma companies and several second- and third-tier pharma companies have gained momentum on the back of investment-based buying. Leading market participants maintain that the pharma sector is favourably poised.
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Khyati Multimedia stock split
Khyati Multimedia Entertainment Ltd has fixed 10 February 2003 as the record date for the purpose of stock split from equity shares of Rs 10 to Re 1 each.
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SEBI to discuss implementation of JPC report
The Securities and Exchange Board of India (SEBI) is looking at the time-frame of one year for 'faithfully implementing' all the recommendations of the Joint Parliamentary Committee (JPC) that probed the securities scam of 2001.
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Index heavyweights pull down Sensex
Continuing the previous week's trend, the benchmark BSE Sensex ended on Monday in the negative territory. The drop in the share price of the key index heavyweights appears to have contributed to this downward trend.
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Market not ripe for TCS public offer: Ratan
Tata group chairman Ratan Tata has said the market is not yet ripe for Tata Consultancy Services' maiden initial public offer.
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SEBI clears Electrolux's rights plan
The white goods major, Electrolux Kelvinator Ltd (EKL) has got the Securities and Exchange Board of India's (SEBI) nod for its revised rights issue proposal of Rs 199.7 crore.
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Equity research outsourcing could be the next wave
India could emerge as a favourite outsourcing destination for US financial groups for equity research as the investment banks face severe pressure from market watchdog Securities Exchanges Commission to separate research from market activities.
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