HPCL stock takes a beating on bourses
Mumbai: The stock of oil refiner and marketer, Hindustan Petroleum Corporation Ltd (HPCL) took a drubbing today after the Supreme Court told the Government it could not sell its equity holding in the company without Parliament's approval.

The HPCL share lost Rs 12.67 per cent on the National Stock Exchange to close at Rs 341.80 today. It closed at Rs 344.90 or 11.64 per cent lower than its previous close on the Bombay Stock Exchange. About two crore shares were traded on the NSE and nearly 93 lakh shares changed hands on the BSE.
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RBI bars OCBs from investing in India
The Reserve Bank of India has barred the overseas corporate bodies from investing in India though various routes and schemes under the foreign exchange regulations.

The RBI had already prohibited the OCBs from making investments under the portfolio investment scheme since November 1991
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Electrolux case: CLB to issue notice to SEBI
New Delhi: Legal hurdles seem to be far from over for the white goods player Electrolux Kelvinator Ltd (EKL) and its parent, AB Electrolux, on its proposed rights issue, with the market regulator, Securities & Exchange Board of India, likely to be dragged into the matter.
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Benchmark lines up FoF scheme
Kolkata: Benchmark Mutual Fund, the asset management outfit that specialises in exchange traded funds, has lined up a fund of funds (FoF) comprising five plans, each of which will invest mainly in the schemes currently managed by the MF.
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Instanex Skindia ups Infosys, ICICI ADR weight
Mumbai: Instanex Skindia depository receipts index has increased the weight of Infosys to 14.31 per cent from 6.65 per cent to reflect the increased number of the company's American Depository Receipts.
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