Countrywide I-T raids on major brokers
Income Tax officials on Friday conducted a countrywide raid on the offices of several frontline stockbroking firms, many of whom are already under investigation from the Securities and Exchange Board of India (Sebi).

RBI to decide on merger after Sebi report
Reserve Bank of India (RBI) will wait for the findings of the Securities and Exchange Board of India (Sebi) probe on the alleged price rigging in the Global Trust Bank (GTB) stock before giving its verdict on the UTI Bank-GTB merger.

ICICI reshuffles board, revamps retail subsidiaries
The ICICI group on Friday announced board-level changes as well as the restructuring of its retail subsidiaries. Mr KV Kamath has been reappointed as managing director and CEO for a further period of five years.


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