BAT can use conditional offer route for VST counter-offer
BAT, whose ability to make a counter offer before obtaining the FIPB clearance was being debated, has got a clause or two in its favour for going ahead with an open counter offer, pending FIPB clearance.

JM Capital to up ad budget by 100%
JM Capital Management is increasing its advertising budget by 100%. said by, JM Capital Management CEO Krishnamurthy Vijayan said, "Advertising is becoming important for mutual funds. Though per say advertising does not sell MF products, it makes the brokers work of selling the products a lot easy."

Future Communications plans IPO in March
FCL, a Mumbai-based media software content provider, is planning to tap the market with an IPO in March and it has filed an offer document with the SEBI to that effect.


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