IBP sell-off cleared; govt to ease procedures
Govt on Friday cleared privatisation of its oil marketing company IBP by reducing its stake to 26% from 59.59% as also of two major trading houses, MMTC and STC, while deciding to expedite the disinvestment process following PM Atal Bihari Vajpayee's concern over delay in this regard.
India software firms H1 profit seen up, shares wary
India's top software companies are forecast to post earnings growth of over 100 per cent for the six months ending September 30 over the year-ago period, according to a Reuters survey of nine brokerages released on Friday.
SEBI ban on 9 vanishing companies, 51 directors
SEBI issued the orders against these companies and directors for not complying with the listing agreement and not being physically traceable at the registered office addresses as mentioned in the offer document.