SEBI to come up with client ID system in 3 months
Securities and Exchange Board of India (SEBI) will soon make it mandatory for stock brokers to issue client identification numbers in a bid to check manipulation in the market.
Pvt banks overtake PSU banks in IPO collection
The hegemony of public sector banks in fund mobilisation in the primary market is over. Private sector banks displaced PSU banks in collections through public issues in the 1999-2000 fiscal.
NCAER Business Confidence Index dips on growing pessimism
Business confidence dropped 3.8 points in July this year in line with subdued industrial production, as pessimism about investment climate clouded the optimism on overall economic conditions.