Sebi slaps curbs on top brokers, scrips
With share prices rising sharply and Sensex crossing the 6,000 level, the Securities and Exchange Board of India on Friday sounded the alarm bell over the volatility in stock markets.
ICICI Bank ADR gets FIPB nod
ICICI Bank's $ 125 million American Depository Receipt (ADR) issue and South African Breweries' joint venture holding company for investment in breweries.
Industrial growth up by 6.2 pc
India said on Friday its year-on-year industrial output in April-December 1999 shot up to 6.2 percent from 3.7% in the same period of 1998 but analysts warned the economic recovery may be tapering off.