SEBI moves HC against MoF panel in HLL case
The Mumbai High Court will hear the petitions filed by the Securities & Exchange Board of India (SEBI) and the Investors Grievances Forum (IGF) on September 28th against the multinational, Hindustan Lever Ltd (HLL) on charges of insider trading.

Government sets up panel to tackle tax rate war
The government has announced setting up of a committee of six chief ministers to go into the tax rate war amongst states to attract investments as the "unhealthy competition would hit the process of tax harmonisation in the country.''

Fiat to enter car financing
Fiat SPA of Italy is planning to invest US $ 1 billion in India over the next five years. The investment will be mainly for local manufacture of engines and transmissions under the Palio world car project. The group is also exploring the feasibility of venturing into the retail car financing business through its subsidiary "Fidis".

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