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Details of UK assessment of trading funds announced (26 Jun 2008)
Further details of a Government assessment into trading funds were announced today by the Department for Business and the Treasury. The review, announced as part of Budget 2008, will be conducted by the Shareholder Executive and will consider the benefits to the wider UK economy from any potential changes to the trading funds' business model.
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Idea to buy 40.8% stake in Spice Comm, to merge Spice with itself (25 Jun 2008)
Idea Cellular Ltd, part of Aditya Birla Group, today said it will buy 40.8 per cent stake in B K Modi-led Spice Communications Ltd for Rs 77.3 per share and it will make an open offer along with Telekom Malaysia International (TMI) to acquire an additional 20 per cent share.
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SEBI simplifies issuance and listing of debt securities (23 Jun 2008)
In order to facilitate development of a vibrant primary market for corporate bonds in India, SEBI has notified Regulations for Issue and Listing of Debt Securities to provide for simplified regulatory framework for issuance and listing of non-convertible debt securities (excluding bonds issued by Governments) issued by any company, public sector undertaking or statutory corporations.
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SEBI notifies SEBI (Intermediaries) Regulations, 2008 (23 Jun 2008)
SEBI has undertaken redrafting project to consolidate the common requirements which apply to all intermediaries. Given the fact that many requirements and obligations of most intermediaries are common, SEBI has notified SEBI (Intermediaries) Regulations, 2008.
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European Commission clears proposed acquisition of Yves Saint Laurent Beauté by L'Oréal (19 Jun 2008)
The European Commission has approved under the EU Merger Regulation the proposed acquisition of Yves Saint Laurent Beauté by L'Oréal, both of France and both active in the development, production and sale of cosmetics.
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Sebi to set up advisory committee on MF (18 Jun 2008)
Market regulator Securities and Exchange Board of India is taking a relook at mutual funds regulations and will set up advisory committee for the same, SEBI Chairman C B Bhave said.
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International Centre of Excellence in Financial Regulation announced (12 Jun 2008)
The establishment of a new International Centre for Financial Regulation (ICFR), to be led by Barbara Ridpath as CEO, was announced today by Economic Secretary and City Minister Kitty Usher and Interim ICFR Chairman, Mervyn Davies.
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Direct Selling Association seeks law to protect consumer interests (11 Jun 2008)
The Indian Direct Selling Association (IDSA), the premier body governing 16 of the largest direct selling companies in the country, wanted the Government to enact a law to prevent multi-level marketing companies from taking gullible public for a ride.
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Individual ceiling of FIIs to invest in debt securities raised (09 Jun 2008)
The Securities and Exchange Board of India (SEBI) has enhanced to USD 200 million the individual ceiling of foreign institutional investors (FIIs) to invest in Indian debt securities.
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SEBI restrained Shree Rama Multi-tech limited from accessing securities market for five years (09 Jun 2008)
Securities and Exchange Board of India (SEBI) has passed an order, dated June 6, restraining Shree Rama Multi-tech limited from accessing the securities market and prohibiting from buying, selling or dealing in securities, directly or indirectly for a period of five years.
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