PM tells SEBI, RBI to strengthen regulation
THE Prime Minister, Mr. A.B. Vajpayee, today said there is an urgent need for SEBI and the RBI to further strengthen the regulatory environment.

Rathi seeks task group for capital markets
THE Bombay Stock Exchange (BSE) President, Mr. Anand Rathi, today urged the Government to set up a task group -- on the lines of the task force for information technology and telecommunications -- for the capital markets. Mr. Rathi sug gested that the task group formulate comprehensive suggestions for faster and structured development of the country's capital markets in the next three to five years.

Govt to stop FI funding of takeovers by foreign cos
THE Government has decided to step in to stop funding by domestic financial institutions for takeovers of Indian companies by foreign firms.

PSU sell-off: Mehta moots book-building
THE shares of all public sector undertakings (PSUs) which are going for disinvestment should be dematerialised, the SEBI Chairman, D.R. Mehta, said at the BSE's 125th anniversary celebrations here today.

Pact on Russia corridor by September
AGREEMENT on the North-South transport corridor linking India with Russia via Iran and Oman using land and sea routes will be finalised between the four Governments by September this year.

Breathe insulin, get over diabetes
A PUFF a day could well keep diabetes away. Isn't it music to the ears of millions of diabetics the world over?. Though at present the subject of intense research with multinational drug giants such as Eli Lilly, NovoNordisk and Pfizer, promises are that it would become real by 2004.

Insurance, pension funds will prop market: Sinha
EQUITY markets can now look forward to entry of many new players such as insurance and pension funds. The Finance Minister, Mr. Yashwant Sinha, today said more and more insurance and pension funds would enter the secondary markets soon ``which would give the kind of support needed'' by the market.

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