The Hindu Business Line : Wednesday, June 25, 2003

SEBI clears way for more retail investors — Tightens norms for issuers to keep fly-by-night operators at bay
THE Securities and Exchange Board of India (SEBI) has announced a slew of big-bang measures to bolster the primary market and further encourage retail investor participation. The measures, announced by the SEBI Chairman, Mr G.N. Bajpai, here ... More

Book building issues — Market wary of movable price band
THE introduction of a moveable price band for book building issues, as announced by the Securities and Exchange Board of India (SEBI) on Tuesday, is more open to manipulation, according to market operators. This is not only because it is a sort ... More

Bajpai defends Maruti share allocation
THE Chairman of the Securities and Exchange Board of India (SEBI), Mr G.N. Bajpai, on Tuesday defended the Government's move to reduce the proportion of shares allocated to qualified institutional buyers (QIBs) in its recent offer for sale in ... More

Interest rate derivatives trading launched
THE Finance Minister, Mr Jaswant Singh, today formally launched trading in interest rate derivatives on the National Stock Exchange of India (NSE), starting with futures on 91-day treasury bills and a 10-year notional bond. Describing the move ... More

After waiting for 10 months to get TRAI clearance — Tata Teleservices now offers free SMS
AFTER waiting for close to 10 months to get an approval from the Telecom Regulatory Authority of India (TRAI), the basic services telecom arm of the Tata group — Tata Teleservices Ltd (TTSL) — has started offering free SMS services ... More

Ministry okays VRS in ONGC, Indian Oil
THE Petroleum Ministry has approved a proposal for implementation of Voluntary Retirement Schemes (VRS) in Oil and Natural Gas Corporation (ONGC) and Indian Oil Corporation (IOC), according to an official release. According to the approved ... More

Aditya Birla co makes offer for 20% in Indo Gulf
TGS Investment & Trade Pvt Ltd, a company owned by the Aditya Birla group, is buying 20 per cent of Indo Gulf Fertilizers Ltd, also an Aditya Birla Group company, by making an open offer to the latter's shareholders at Rs 75 per share. Hindalco ... More

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