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Diesel prices raised by 40 per cent

Diesel prices in the country have gone up by a steep-40% effective Tuesday midnight. The hike, coming nearly five months after the last revision of diesel prices in April, is expected to fetch Rs 6,600 crore during the remaining part of the financial year, Oil Coordination Committee executive director MS Ramachandran said.

Sebi to tag 96 more scrips on dematerialised list

In an effort to give a big push to paperless trading, the Securities and Exchange Board of India (Sebi) on Tuesday announced plans to include 96 more scrips to the list of compulsory dematerialised trading for all investors and 140 scrips for institutional investors.

MCI WorldCom acquires Sprint for record $115 bn

MCI WorldCom Inc reached an agreement to acquire Sprint Corp for a record $115 billion in stock after the upstart Mississippi telecommunications company sweetened its bid, beating back a last-gasp attempt by BellSouth Corp, according to people familiar with the matter.

No equity dilution in ICICI for 3 years -- Kamath

ICICI Ltd will not enter the capital market at least for the next three years. "We will not go for any equity dilution for the next three years as our capital adequacy ratio is a healthy 15% going by the US GAAP," ICICI managing director and CEO KV Kamath said on Tuesday.