Sebi sends Rs 55 crore expense bill to Sahara
New Delhi: Market regulator Sebi has said it incurred initial costs of more than Rs 55 crore in its humongous task of facilitating Rs 24,000-crore refund to bondholders of two Sahara firms after verifying their credentials and the Sahara Group would have to clear all these bills.
FM to meet select bankers today
new delhi: Finance Minister P Chidambaram is scheduled to meet select bankers in Mumbai on Monday to impress upon them the need to increase lending to productive sectors.
Govt tweaking PSU stake sale norms
NEW DELHI: The Department of Disinvestment is working on tweaking the Offer For Sale mechanism for PSU stake sale by carving out a separate 5 per cent category for retail investors.
SAT to hear RIL’s plea against Sebi today
Mumbai: The Securities Appellate Tribunal (SAT) will hear on Monday Reliance Industries’ appeal against Sebi,in a case involving alleged violation of insider trading norms in sale of shares of Reliance Petroleum in 2007.