Sebi plans to check merchant banking norms
The Securities and Exchange Board of India (Sebi) is considering instituting an inspection into merchant banking procedures with a view to bring in some discipline into the due diligence exercises conducted by them while lead managing new issues.

Bear grip will loosen soon -- UTI chief
Amid the all-pervading gloom surrounding the stock markets, the Unit Trust of India maintains that the bear grip on the market will loosen over the next couple of days as the US Federal rate becomes public on May 16, PS Subramanyam, chairman of UTI said on Friday.

US rate increase could have its echo in India too
The Sensex ended the week closing at 4107, after posting an intra-day low of 4102. This is an all time low for the year 2000. The previous comparable low at 4021 was posted on June 16, 1999.


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