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SEBI uncovers scam in YES Bank IPO allotment — Bans 13 investors from trading
THE capital market regulator, SEBI, has unearthed a large-scale multiple application case in the recent YES Bank IPO and banned 13 investors from trading in the bank's shares with immediate effect. These investors have manipulated allotment of ...
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Modus operandi in YES Bank deal
THE modus operandi adopted in manipulating the YES Bank Ltd (YBL)'s initial public offering (IPO) allotment involved opening of over 7,500 benami dematerialised accounts. These accounts were with the National Securities Depository Ltd (NSDL) ...
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Tata Steel to buy Thai co for $130 m
TATA Steel announced today that it has signed definitive agreements with Cementhai Holding Co, a 100 per cent subsidiary of Siam Cement Co, Thailand to acquire its shares and invest additional equity in Millennium Steel Co. Cementhai Holding, ...
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Expert group moots checks to prevent abuse of FII route
The group said that a negative list of tax havens, whereby entities registered in these jurisdictions are prevented from attaining FII status, should be prepared.
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MoU controversy: DPE panel to study versions of ONGC, Ministry?
The ONGC management has proposed a crude oil production target of 27.8 million tonnes but the Petroleum Ministry wanted production from OVL, the company's overseas arm, to also be incorporated and the production target raised to 35 mt.
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In-principle nod for AI to acquire 68 Boeing aircraft
THE Cabinet Committee on Economic Affairs on Thursday gave its `in-principle' approval to Air India for the purchase of 68 Boeing aircraft. Briefing newspersons after the meeting, the Minister for Civil Aviation, Mr Praful Patel, said the CCEA ...
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IA likely to sign pact for 43 Airbus aircraft purchase today
THE four-year-long wait of Indian Airlines to acquire new aircraft could finally end tomorrow. The airline is all set to ink a Letter of Intent or a term sheet with the European aircraft manufacturer, Airbus Industrie here on Friday for the ...
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Expert group calls for rationalising fuel taxes — Moots trade parity pricing for primary energy sources
THE draft Integrated Energy Policy has recommended rationalising the taxes on fuels and trade parity pricing for primary energy sources. "Pricing of various fuels should not be done independent of each other... All commercial primary energy ...
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IT spend in Asia-Pacific to grow 9 pc: IDC
INFORMATION technology spending in the Asia-Pacific region is projected to grow at 9 per cent to over $110 billion in 2006, with China and India accounting for 64 per cent of the region's incremental market value. "For 2006, IDC predicts that ...
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NetScribes finalising plans for another centre — `Financial research outsourcing set to grow faster'
FINANCIAL research encompassing equity, debt, financial markets, including due diligence process for mergers and acquisitions that comes under the domain of broader knowledge process outsourcing, is poised for rapid growth, according to findings ...
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MS partners MTV for online music store
MTV and Microsoft will bring music fans a gift in 2006 — an online music store, Urge. Microsoft Corp will build the technology behind Urge, which MTV Networks Inc will own, operate and promote. Online music stores have been popular since ...
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Fresh spell of rains likely in TN, Kerala
CONVECTIVE rain bands from the `low' over south-east Bay of Bengal are seen fast approaching the eastern peninsular coast and are likely to trigger a fresh spell of scattered to fairly widespread rain over Tamil Nadu, Pondicherry and Kerala ...
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ICRISAT award for BL correspondent
Mr R. Balaji, a Special Correspondent of The Hindu Business Line at Chennai, has won the annual Millennium Science Award instituted by ICRISAT (International Crops Research Institute for the Semi-Arid Tropics), here. He has won the award ...
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