Sensex swings 200 points in volatile trading
Mumbai: After a strong opening, the Sensex rose to 6121.20 by mid-day trade. However, from that level it plummeted to a low of 5916.33, before improving to close at 5943.64.
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SEBI proposes changes in take over code
Mumbai: Securities and Exchange Board of India has proposed amendments to takeover and acquisition regulations, which include changes in definition of promoter and public shareholding and minimum size for open offer among others.
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ONGC, GAIL public offers open on March 10
New Delhi: The public offer for sale of the Government's 10 per cent equity each in exploration firm Oil and Natural Gas Corporation and gas transmission company GAIL (India) is slated to be opened for subscription from March 10 to 16.
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Corporation Bank to sell DSP Merrill MF products
Mangalore: Corporation Bank has signed an agreement with DSP Merrill Lynch Mutual Fund to distribute mutual fund products of the latter as a part of the bank's strategy to increase the bouquet of products being offered to its clients and to earn fee-based income.
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Reliance MF plans media, power, pharma funds
Kolkata: Reliance Mutual Fund has mooted three sector funds dedicated to media, power and pharma. The MF, which runs the country's only banking sector fund, has moved SEBI for clearance.
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