HSBC group plans to extend retail depository services to all branches
The HSBC group has finally crystallised its strategy to mark its entry into retail depository services. It had about a week back extended the service to all its branches in Mumbai and will soon be extending the service to all its branches across the country.

Court upholds Sebi order on Sri Vishnu open offer, says move within powers
The Delhi high court has, in its verdict upholding Sebi's order which allowed BV Raju's open offer for Sri Vishnu Cement Ltd (SVCL) to go through, clearly stated that the market regulator is well within its rights to issue interim directions under sections 11 and 11B.

Energy Development Company lists at a premium
Energy Development Company Ltd's (EDCL) recent Rs 8-crore public issue of equity shares appears to have fared miserably. Yet the `magnanimity' of underwriting by public financial institutions led by IFCI/IDBI/UTI, it is learnt, has quickly come to the issue's rescue.

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