Firms planning overseas float may have to offer 25% in India
SEBI has asked the government to make it mandatory for the Indian companies to sell 25 per cent stake in domestic markets if they desire to raise funds from overseas share issues.

IDBI to probe Mesco group co
The Board for Industrial and Financial Reconstruction has asked IDBI to investigate allegations that Mesco group company, Mideast India Ltd (MIL), has manipulated accounts to get itself declared a sick company.

BSE adds to manipulation in software-led rally
The Bombay Stock Exchange (BSE) is facing flak for including as many as 12 software scrips -- mostly illiquid with low public holding and high promoter stake -- in the fancied A group.

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