Indian shares closed sharply higher yesterday led by information technology stocks on foreign buying amid the Securities and Exchange Board of India's (Sebi) decision to raise the stock trading price limits to 12 per cent from 8 per cent.Thursday, 27 April, 2000, 12:00am
INDIAN financial institutions have torpedoed moves by multinational interests to increase stakes in their Indian operations to controlling levels.
The institutions decided to oppose any preferential share allotment proposals which took the stakes of corporate promoters involved beyond the 26 per cent mark.31 Aug 1995 - 12:00am
THE manner in which Pavan Sachdeva, chief promoter of the failed 4.28 billion rupee (about HK$1.05 billion) M S Shoes issue, has been treated by the Central Bureau of Investigation (CBI) makes it clear the Indian Finance Ministry has decided to crack down on economic offenders.11 Apr 1995 - 12:00am
TWO top-ranking officials of the Securities and Exchange Board of India (SEBI) are under suspicion of corruption and will face an internal inquiry.
The officials, whose names have not been disclosed, have been accused of favouring M S Shoes, which offered equity shares to the public at a premium of 189 rupees (about HK$48) per share.20 Feb 1995 - 12:00am
CONCERNED by the 1,000-point drop in the Bombay Stock Exchange (BSE) in the four months since the index touched its highest point on September 12, 1994, the Securities and Exchange Board of India (SEBI) is finalising measures to help shareholders and brokers overcome their problems and enlarge share operations. The measures relate to stock-lending and bank loan facilities against shares.23 Jan 1995 - 12:00am