Sebi mulls separate days for IPOs New Delhi: In what could be a major overhaul of the way public offers are conducted,market regulator SEBI is mulling over a possible demarcation of days to be given to retail and institutional investors for submitting their bids. SEBI is considering a proposal wherein the institutional investors would be first asked to submit their bids,possibly in the first two days,and then the remaining two days would be open only for retail investors,provided the IPO is open for four days. Mining sector growth may slow to 8 pc New Delhi: Indias mining sector is likely to see a slowdown in growth to 8 per cent this fiscal,even as the overall economy is poised for higher growth,the Prime Minister's Economic Advisory Council (PMEAC) has said. The lower forecast comes in the backdrop of an ongoing debate on the virtues of a proposed legislation the Mines and Minerals Development and Regulation Act,2010 which aims to make mining allocation expeditious and transparent. GDP to grow 8.5-9%,but inflation a worry New Delhi: The industry on Sunday projected Indias economy to grow by 8.5-9 per cent this fiscal despite global uncertainties,but voiced concern over double-digit inflation,says a CII survey. Businesses are upbeat on the domestic economy despite the global uncertainties and are maintaining their investment momentum, Confederation of Indian Industry (CII) president Hari Bhartia said while releasing the chambers snap poll of 90 CEOs. Rate hike fears have dented confidence New Delhi: Fears of another round of hikes in RBIs policy rates and rising borrowing costs have shaken the confidence of the industry,which had started to rebound after the global downturn,a Ficci survey has said. These developments have dented the confidence level of corporate India, said Ficcis Business Confidence Survey,which was conducted in July. Mahindra Finance to enter mutual fund biz New Delhi: Mahindra Finance,the financial services arm of auto major Mahindra and Mahindra,on Sunday said it expects regulatory approval for entering into the asset management business during the fiscal. We have applied for asset management company and we hope to get SEBI (Securities and Exchange Board of India) approval during the year, Mahindra Finance managing director Ramesh Iyer said. SAILs Rs 16K cr FPO may not come this yr New Delhi: State-owned SAILs 20 per cent share sale plan,which aims to generate up to Rs 16,000 crore,may not happen this year due to certain regulatory hurdles. SAIL share sale may not come in (calender year) 2010 as it (SAIL) is still not SEBI compliant for the Follow-on Public Offer. It has to appoint independent directors on its board, a top government official said.
