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Sebi eases preferential allotment norms
The Securities and Exchange Board of India (Sebi), the capital market regulator, today lifted restrictions on broad-based institutions, such as insurance companies and mutual funds, subscribing to preferential issues of companies. The decision was taken at its board meeting in New Delhi today. According to earlier regulations, these institutions were not allowed to participate in preferential allotments

Cabinet meets today after over 2 months

Chief minister N Kiran Kumar Reddy is holding his first Cabinet meeting in two-and-a-half months on Saturday after the government’s role was reduced to a mere spectator amid protests within

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NTPC to get back cancelled coal blocks in a week

In a major development for Maharatna power generator NTPC Ltd, the coal ministry is set to restore its five captive coal block allotments in a week. The blocks were cancelled earlier this year on

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Kamal Nath asks DDA to Specify loss to exchequer

The urban development ministry has written to the Delhi Development Authority (DDA), seeking an estimate of the loss caused to the exchequer due to the non-allotment of flats in the Commonwealth

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New takeover code cramps leg room for promoters

The new takeover code is throwing up new surprises. Regulation 3 (3) of the new law, which deals with open offer obligations of persons acting in concert (PAC), has increased the liabilities of

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Allot Communications cancels stock sale

Allot Communications Ltd., which provides services for Internet service providers and cable companies, said on Thursday that it was canceling the sale of 5.5 million of its common shares because

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