Sebi mulls initial public offerings through SEs
The Securities and Exchange Board of India is considering a proposal to allow companies to issue initial public offerings (IPOs) through stock exchanges. A group has been formed with members from BSE and NSE to finalise guidelines on selling the issues using the existing infrastructure of stock exchanges.

BSE appoints HDFC Bank as clearing house
The Bombay Stock Exchange (BSE) has appointed HDFC Bank as the clearing and settlement bank for the exchange on December 14. This is in addition to Bank of India (BoI) which is the only bank which acts as the clearing house for the exchange.

Ricoh to buy back shares
Ricoh Company Ltd of Japan is planning to buy back the entire stakeholding of Ricoh India limited from financial institutions and the open market once the legislation for the same is in place. However, the final time-frame for the buyback has yet to be finalised.

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