Companies can issue GDRs as bonus
The government has decided to allow Indian companies to issue Global Depository Receipts (GDR)/ American Depository Receipts (ADR) in cases of bonus/rights issue and business reorganisations duly approved by the High Court.

Tata Airline proposal deferred again
The Tata Airline proposal continues to be jinxed with the Foreign Investment Promotion Board (FIPB) postponing its meeting on Monday in the wake of the bureaucratic reshuffle at the Centre. The proposal is likely to be taken up by the board at its next meeting on August 22.

SEBI warning on plantation cos
The Securities and Exchange Board of India (SEBI) today cautioned investors against being misled by attractive promises by plantation companies and said those investing in such schemes would be doing so at their own risk.

  Bizbits
  Sensex crashes to 52-week low
  NSE declares four brokers as defaulters
  RIB issue closing date extended
  Direct dialling for SDCAs
  Rouble devaluation to affect Indian trade
  Oil pool deficit drops 50 pc
  Steep fall in debt pvt placement
  GMDC PPA for Kutch project
  Cegat defers ITC verdict
  Economy is looking up, says Sinha
  Diesel Zen set to hit roads