Sebi asks CDSL to explain directors continuing beyond three-year term
The Sebi has issued notices to the office bearers of Central Depository Services India Ltd, including its chairman and managing director MG Damani, the nominee directors from the BSE Ms Deena Mehta and Bhagirat Merchant (former BSE president) seeking their clarifications on their being directors on CDSL board for over three years.

Sensex sheds 48 pts as bleak prospects prompt selling
The revised Nasscom software sector growth estimations and Nasdaq declining last night by 2 per cent on the news of fresh earning warnings seems to have affected market sentiments.

‘Ban on badla may lead to heavy market cap erosion’
Revamping of ‘badla’ in the capital market will lead to heavy loss of capitalisation in the next two months besides increasing the volatility and impact costs for larger trades, FICCI said on Thursday, quoting a survey.

Birla Sun Life AMC declares dividends
Birla Sun Life AMC has declared quarterly dividends under its schemes: Birla Income Plus and Birla Gilt Plus. Under Birla Income Plus, it has declared a quarterly dividend of 2.72 per cent (Rs 0.272 per unit) tax free in the hands of the investor for the quarter ending June 15, 2001.

IDBI-Principal AMC declares dividend
IDBI-Principal AMC has declared a dividend of Re 0.25 per unit under its income fund IDBI-Principal Income Fund Dividend Plan (quarterly dividend option). The record date for the purpose of dividend distribution has been fixed at June 15, 2001.

Other Headlines

Markets: No signs of revival
Unattractive buyback prices may see Bombay Dy(e)ing
Sharekhan organises seminars
Technical analysis: Long positions best avoided