NATIONAL SEBI to take appropriate action on Anil's missives Market Regulator SEBI (Securities and Exchange Board of India) today (May 18, 2005) said it will take appropriate action on complaints filed by RIL vice chairman and managing director Anil Ambani, who is engaged in a bitter battle with his elder brother Mukesh on ownership issues in the Reliance group.
BSE: Sensex down by 19 pts as FIIs fear action Stocks today (May 18, 2005) suffered a fresh setback pulling the Sensex down by 19 points for the second day in a row in a range-bound trade on sustained selling amid fears of stern action against more Foreign Institutional Investors (FIIs) involved in the misuse of Participatory Notes (PN) route.
Comply with Clause 49: SEBI ultimatum to India Inc Market regulator SEBI (Securities and Exchange Board of India) today (May 18, 2005) gave an ultimatum to India Inc for complying with stipulation of appointing independent directors on their Board by December 31, saying there would be no relaxation or extension of the deadline for complying with Clause 49.
'LG Electronics eyes 200,000 PC sales this year' Korean consumer electronics giant LG Electronics is targetting sales of 200,000 personal computers in India and a turnover of Rs 1,100 crore for its IT products division in the current calendar year, a senior company executive said today (May 18, 2005).
Black Monday: SEBI not to ban FIIs from issuing PNs Market regulator SEBI (Security and Exchange Board of India) today (May 18, 2005) ruled out banning foreign institutional investors from issuing Participatory Notes, which is suspected to be one of the modes misused by speculators in bringing down the stock market on May 17 last year.
Sensex dips below 6400-mark during morning trading The Sensex today (May 18, 2005) opened weak and later dropped below 6400-mark during morning trading on the Bombay Stock Exchange (BSE) on fresh selling triggered by the Security and Exchange Board of India's (SEBI) ban on a leading Foreign Institutional Investor (FII) UBS Securities Asia Ltd.
