IT Update
Sebi may call parties involved in hostile bids In an unprecedented move, the Sebi is mulling the option of calling all parties involved in the 10 hostile bids which Corporate India has seen since the takeover code came into play, to make the takeover regulations more realistic and in tune with the times. Gulf banks make hay while IMD shines India Millennium Deposit scheme collection war has taken an ugly turn in the Gulf with foreign banks, through their agents, doling out cash incentives to depositors in their bid to collect funds and thus gain access to cheap rupee resources. Total mopup to cross $4.5 bn Despite the absence of participation by the US market, the total mobilisation of State Bank of India's India Millennium Deposit scheme by will exceed the Resurgent India Bonds' $4.23 billion when it closes on Monday. UTI to launch exchange-traded SUNDER fund After gaining experience in managing index funds, the UTI is now launching a novel "exchange-traded fund" where the units of the open-ended fund will provide an option for unitholders to convert them into underlying equity shares of top bluechip companies comprising the 30-share Sensex. Industry unhappy with new Textile Policy The organised mill industry feels completely disgusted, as the new Textile Policy, has virtually failed in making any serious effort to address its problems.
Sebi may call parties involved in hostile bids
Gulf banks make hay while IMD shines
Total mopup to cross $4.5 bn
UTI to launch exchange-traded SUNDER fund
Industry unhappy with new Textile Policy