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Mar 11 2010
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CURRENT NEWS
SEBI suspends 73 brokers for default in fee payment
(11 Mar 2010)
Market regulator Securities and Exchange Board of India (SEBI) has suspended 73 brokers from various stock exchanges for defaulting on payment of registration fees.
Govt announced merger of Sponge Iron India Limited and National Mineral Development Corporation Limited
(11 Mar 2010)
The Government has announced merger of two Andhra Pradesh based public sector companies Sponge Iron India Limited (SIIL) and National Mineral Development Corporation Limited (NMDC).
SC: SEBI Chairman has power to debar company
(10 Mar 2010)
The Supreme Court has held that the chairman of Securities and Exchange Board of India (SEBI) has the power to debar a company from associating with any corporate body to have an access to the share market and also prohibiting their company or its director from buying, selling or dealing in securities.
Aditya Birla Minacs acquires British firm
(10 Mar 2010)
Aditya Birla Minacs, an arm of Aditya Birla Group, announced acquisition of the UK-based Compass BPO, a leading end-to-end finance and accounting (F&A) services provider.
SEBI decides physical delivery in derivatives segment
(07 Mar 2010)
Equity market regulator, Securities and Exchange Board of India (SEBI) announced that it has decided to allow physical delivery in the derivatives segment following its board meeting.
SEBI extends ambit of employees quota
(07 Mar 2010)
Market regulator Securities Exchange Board of India (SEBI) decided to expand the scope of employees quota in public issues of companies by making staff of subsidiaries eligible to participate in such offers made by the parent firm.
Wipro ties up with the Main Street America Group
(05 Mar 2010)
IT major Wipro announced that it had entered into a seven-year strategic agreement with insurance firm Main Street America Group.
Mitsubishi, Peugeot rule out capital tie up
(04 Mar 2010)
Japan’s Mitsubishi Motors Corp and France’s PSA Peugeot Citren said they have decided against forming a capital alliance but would continue talking towards expanded business ties.
Modify SEBI norms for creation of more stock exchanges
(02 Mar 2010)
An industry chamber has demanded changes in the guidelines of Securities and Exchange Board of India (SEBI) for easy creation of more stock exchanges to bring in greater competition in capital markets through wider participation of SMEs and retailers.
Wipro, Punjab and Sind Bank sign 10 year IT outsourcing contract
(25 Feb 2010)
IT major Wipro Ltd said it has inked a 10-year contract with Punjab and Sind Bank (PSB) to enable centralised banking operations in branches of the public sector lender.
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