Sebi confirms interim order against Karvy
Sebi has passed a final order against Karvy Stock Broking and Karvy Depository Participant, prohibiting the entities from opening new client accounts for 18 months for their alleged role in certain irregularities in initial public offers.
IFC bags Rs 300 cr more from rupee bond sale The World Bank Group lender IFC on Tuesday said it has raised Rs 300 crore from its global rupee bond sale, following the successful sale of its previous Rs 1,000- crore issue. This is IFCs second tap-rupee bond issuance, after it first sold a Rs 1,000 crore global rupee bond in November.
Brokerage offers novel trading plan
Achiievers Equities, which is into retail/institutional broking and third party distribution, has come up with a Mega Value Plan, which offers investors unlimited trading at zero brokerage on a monthly charge of Rs 750.