RBI nod for NRIs to acquire shares in Indian firms
The Reserve Bank of India (RBI) has granted general permission to non-residents to acquire shares in Indian companies from foreign investors provided the shares were originally acquired by the seller after obtaining RBI approval.

Rediff to make up mind on IPO in 3 weeks time
Rediff On The Net, the country's leading on-line publication and internet services company, will take a final decision on going public in the next three weeks, Rediff DY&R chairman and managing director Diwan Arun Nanda said.

Shipping Corpn of India -- An attractive buy
Shipping Corporation of India stock has done exceedingly well in the recent past. During the last eight months' period, the stock has been posting higher bottoms as well as higher tops. This is a positive signs as far as the long term health of the stock is concerned.


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