CDS, NSDL sign connectivityMUMBAI: The Central Depository Services (India) Limited (CDS) and National Securities Depository Limited (NSDL) have signed a Memorandum of Understanding (MOU) for inter-depository connectivity. The MoU covers the understanding between the depositories for inter-depository transfers arising out of transactions not settled through the clearing house or clearing corporation. CDS has received approval from DOT for establishing connectivity with NSDL through I-Net. Based on this approval, both depositories have applied to MTNL for the connection.SEs to disclose scrip-wise positionsMUMBAI: SEBI has decided that each stock exchange must disclose scrip-wise net outstanding single sided position for top 100 scrips traded on the exchange. This follows recommendations of the BD Shah committee on short sales, which was of the view that disclosure norms with regard to net outstanding position be strengthened. The committee, which met here today, felt that the current reporting system was inadequate. Sebi has also clarified that in case of those exchanges where the scrips traded are less than 200, information regarding all scrips traded on that exchange be announced.FIIs allowed to sell back sharesMUMBAI: SEBI has allowed foreign institutional investors (FIIs) to sell securities to the issuer company in response to an offer of buyback of shares. SEBI has amended its regulations to provide for payment to FII registration fee by means of a draft payable at the USA also. Sebi Regulations 1995 require FIIs to pay registration fee, denominated in US dollars, by means of a draft drawn on Mumbai. This was creating a problem as dollar drafts are payable in the USA.i2 Tech solutions for Asian PaintsMUMBAI: i2 Technologies Inc (Nasdaq: ITWO), the leading developer of e-business process optimisation solutions, has announced that India's foremost paint manufacturer Asian Paints India Ltd has selected i2's Rhythm solution to make its supply chain more reflexive and responsive. The implementation is being led by Siemens Info. Top
