Wednesday, December 2, 1998
SEBI interim order on brokers fully justified, rules high court
The Mumbai high court has, in its interim judgment in the case relating to alleged price-rigging by brokers in Sterlite, Videocon and BPL scrips, upheld the right of Sebi to issue interim directions under section 11 (B) of the Sebi Act pending an inquiry.
Hoechst-Rhone domestic merger may face hurdles
Cross-holdings in the equity structure of the Rhone Poulenc group and complications on the labour front are being viewed as possible hindrances to a smooth merger of the French multinational and the Hoechst group in India.
Ministers speak in different tongues on insurance bill
The government spoke in different voices about introducing the Insurance Regulatory (IRA) bill on Tuesday and created confusion on whether it will be shelved in the wake of the BJP's rout in the assembly elections.
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