FIPB nod to Satyam ADR, Alcatel's Modi buyout
The Foreign Investment Promotion Board gave a go-ahead to Satyam Infoway to float American depositary receipts amounting to Rs 208.75 crore, besides allowing Alcatel of France to buy out Modicorp's stake in a telecom equipment manufacturing joint venture.

India Cements plans debt issue to swap expensive loans
India Cements Ltd (ICL) is planning to issue non-convertible debentures (NCD) to swap its high cost takeover funding. The Rs 445 crore Raasi acquisition was funded by way of debt to the extent of Rs 180 crore by ICICI.

Sebi panel for rolling settlement in demat stocks
The Sebi appointed committee on uniform settlement cycle took a U-turn and recommended introduction of rolling settlement in stocks which have moved to the mandatory demat trading mode.

  Crisil begins rating merger deals rating
  SC admits Dalal's petition against conviction in scam
  Market Round-Up
  Telco plans bond issue to fund Indica capacity expansion
  BSE executive director Mathur resigns
  Sensex gains 23 points in lacklustre trade
  Investors pour money into UTI's MIP
  Canbonus to go open-ended on May 3
  Mid-cap stocks sustain post-budget gains
  Several stocks in stalemate; market is still vulnerable
  Spic -- Right time to accumulate
  Market Briefing
  Floating Stock -- The panacea of bonus
  Advani Oerlikon -- Product diversification pays off
  ASE brokers approach SC on turnover issue
  Lower import expectation spurs kabligram; cardamom falls
  India's larger-than-expected buy order lifts Asian crude
  May cuts prop up Gulf crudes
  Bulging Indonesia coffee bean supplies pull down prices
  Indian buying lifts gas oil prices
  `Textile companies can utilise TUF for VRS scheme'
  Sago prices spurt on reduced production
  Commodity Briefing
  Market-Place Briefing
  IDFC, UTI & LIC vie for 40% stake in PTC