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Thursday, January 08, 2004

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SEBI to usher in margin trading — Stock lending, borrowing system to be introduced
IN a bid to impart liquidity and further increase the depth of the equity market, SEBI has decided to introduce margin trading and stock lending and borrowing system. Speaking to newspersons on Wednesday, the SEBI Chairman, Mr G.N. Bajpai, said ... More

Brokers hail SEBI move
STOCKBROKERS today welcomed the SEBI decision to introduce revised margin trading and securities lending and borrowing system. However, they said margin money of 50 per cent for margin trading was too high for their clients. Officials at ... More

Reliance to take over Nocil division
RELIANCE Industries Ltd on Wednesday said it had agreed to take over the ailing petrochemicals and plastics division of erstwhile rival National Organic Chemicals Industries Ltd (Nocil) through its business associate, Sunbright Cement Agencies ... More

Cabinet okays norms for PSU wage negotiations
THE Union Cabinet on Wednesday approved guidelines for all Central public sector undertakings (PSUs) under various Ministries/Departments to enable the PSU managements to negotiate the wage structure of workers for five years, effective from ... More

Spurred by New Electricity Act — Reliance to revive Hirma power project
BSES Ltd, the power sector arm of the Reliance group, has decided to revive the $4-billion 3960-MW Hirma mega thermal power project in Orissa that has been in a limbo for the last two years. In a recent letter to the Power Ministry, the ... More

Citigroup Global fined Rs 2 cr for delaying disclosure
THE Securities and Exchange Board of India has imposed a fine of Rs 2 crore, one of the stiffest penalties ever, on Citigroup Global Markets Mauritius Pvt Ltd for not disclosing on time, details of participatory notes issued by it. Mr G.N. ... More

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