MARKETS / Profits to be surrendered to the company
Sebi to stem short swing profit by insiders On Tuesday, Sebi posted a consultative paper on "Introduction of Short Swing Profit regulations in India" on its official website which wants profits made by insiders to be handed over to the company in question.
SMALL LOTS
BSE, NSE unveil mini derivatives The country's two leading stock exchanges, Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on Tuesday launched mini derivatives contract based on their main flagship indices, Sensex and Nifty.
Lend as also borrow equity shares
FIIs can now go short, rules RBI The Reserve Bank of India (RBI), on Tuesday, permitted foreign institutional investors (FIIs) registered with Securities & Exchange Board of India (Sebi) and sub-accounts of FIIs to short sell, lend and borrow equity shares of Indian companies.
Blackstone's failure to get funding for the transaction
PHH scraps its $1.8 b sale to GE Electric Co PHH Corp., New Jersey-based mortgage and vehicle leasing company, scrapped its $1.8 billion sale to General Electric Co. and Blackstone Group LP because Blackstone failed to get financing for the transaction.
BUDGET / Direct tax collections seen to cross Rs 300,000 crore
FM parries posers on tax plans Finance Minister P Chidambaram, on Tuesday, parried questions on moderating taxes in the next budget even as direct tax collections this fiscal are set to cross Rs 300,000 crore, a 12 per cent jump over budget estimates.
Bangladeshi labourers prepare to unload a consignment of bricks from a cargo ship at Gabtoli on the outskirts of Dhaka on Tuesday. After a record breaking 2007, The Bangladesh stock market expects a boom in 2008 as big telecom and energy companies have announced that they would offload shares within months, an official said. AFP PHOTO
Will Anil Kumble-led Indian cricket team be able to break the jinx and achieve India’s first series win Down Under? Or will the Australians prove to be a difficult nut to crack? We invite our readers to give their opinion in about 100 words.
Responses may be sent to Deccan Herald, No 75, M G Road, Bangalore - 560001 or e-mail: editordh@deccanherald.co.in latest by 2 pm on Saturday.
A selection of responses will be published in Sunday’s edition.
