SEBI panel moots `primary' sop -- Only 10 pc public offer for all large issues
THE SEBI advisory committee on primary market today recommended that all companies be allowed to make a 10 per cent public offer on the condition that the minimum issue size should not be less than Rs 250 crore.

Tatas may hold 24% stake if it bags AI
TATA Sons Ltd, the main holding company of the Tata group, and its Indian affiliates will lead a consortium with Singapore Airlines (SIA) as its foreign joint venture partner, for the proposed bid to acquire 40 per cent equity in disinvestment candidate Air India, an official statement said here today.

Infosys allots shares to depository
INFOSYS Technologies has allotted 100 equity shares to Bankers Trust Company, the depository of the company's ADS programme. The shares have been issued in connection with the Infosys' 1998 ADS linked options plan underlying 200 ADSs against a receipt of $3,400.

UGS-2000 redemption on December 31 -- Marginal gains for loyal holders
UNIT Trust of India (UTI) would redeem one of its oldest equity growth scheme -- Unit Growth Scheme-2000 (UGS-2000) on December 31, which currently has over Rs 334.78 crore worth of investors' assets under management.

Takeover bids: FIs to decide on stand
ALL India financial institutions will meet shortly to take a common approach on their role in the context of takeover bids on companies in which they have significant stakes, Mr G.P. Gupta, IDBI Chairman, has said.

Give us bread, but leave our cake
FLOOD victims and small IT entrepreneurs. An unlikely combination? Not so fast. The first chants ``Water, water everywhere, not a drop to drink.'' And the second goes, ``Money, money everywhere....'' The tone of desperation is evident.

Siemens net up 139 pc, to pay Rs 6.5
SIEMENS Ltd has announced a 139 per cent jump in net profit to Rs 84 crore during the year ended September 2000 from Rs 35.12 crore last year. The profits soared on the back of a big rise in lease, other income and income from exceptional items.

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