TopNews

The Reserve Bank of India (RBI) plans to permit Foreign Institutional Investors (FIIs) registered with market regulator SEBI and sub-accounts of FIIs to short sell, lend and borrow equity shares of India companies from February 1, 2008.

However, the entire FII short selling, lending and borrowing mechanism will be subject to the current FDI policy, which allows FDI ranging from 26% to 100% across different sectors.

RBI said in a notification on its web site that the short selling of equity shares by FIIs shall not be permitted for equity shares that are in the ban list and /or caution list of Central Bank.

London, Jan 2: For all the men who despise going to markets or malls with their partners, this might come as a huge relief, for a new survey has found that women prefer going alone for shopping.

India- based, Glenmark Pharmaceuticals Ltd has announced th

Ballia (UP)/ Bikramganj (Bihar), Balagarh (W Bengal), Dec 29 : Counting of votes for the three Lok Sabha seats - Ballia in Uttar Pradesh, Bikramganj in Bihar and Balagarh in West Bengal have begun this morning, amidst tight security.

The poll that witnessed an 80 per cent turnout in Balagarh on December 29, are expected to decide the fate of candidates from the Trinamool Congress, the Congress and the BJP.

Washington, Jan 2: Twelve US lawmakers have rejected the White House

Housing Development Finance Corporation (HDFC) has sold 8,03,87,686 equity shares of Rs 10/- each of HDFC Standard Life Insurance Company (SLIC) to Standard Life (Mauritius Holdings) Ltd, representing 7.15% of the total issued and paid-up equity for Rs. 200 crore at a pre agreed price.

With this, Standard Life (Mauritius Holdings) will go up to 26%, the maximum permissible by foreign investors under Indian law.

On the other hand, after the current sale, HDFC’s stake will come down from 81% to 74 %.