Centre eases equity-linked scheme norms
The government has allowed mutual funds to float open-ended equity-linked saving schemes (ELSS). This is, however, subject to the condition that a mutual fund will be permitted one open-ended fund under the category.

Court upholds SEBI powers to impound ill-gotten gains
A division bench of the Gujarat high court on Tuesday ruled that the Securities and Exchange Board of India has the powers to impound "ill gotten" gains under Section 11 and 11 (B) of the SEBI Act and can issue any directions under the said sections to protect the interest of investors.

SEBI asks Hikal Chem, Sumitomo promoters to make open offer
The Securities & Exchange Board of India has directed Sumitomo Corporation of Japan as well as the associate firms of Hikal Chemical Industries Ltd's promoters to make an open offer to the public shareholders of the company.

  Schwab pulls ahead of Merrill
  China frames securities law to rein in market
  Pan-European equity trading draws closer
  Financial Briefing
  Ten-year state loan issue oversubscribed
  Market Roundup
  ACC sustains its rise in a flat market
  Foreign investors bring in $4.4 million
  It's do or die for markets at 3,000 points
  BSE not to display total buy-sell depth
  Mutual fund mop-up down 47%
  Chola AMC calls for rating of mutual funds
  Bull operators take the centrestage
  Groundnut oil rises further while castor oil dips
  Sensex likely to gather strength
  Tata Chemicals
  Single set of rules for global finance
  Market Briefing
  Chola fund expects a higher rate regime; picks up short-term paper