Sebi against promoters giving IPO statements
The SEBI is considering imposing a ban on promoters making public statements about companies during flotation of their public issues on the grounds that such comments might influence investors.
Govt plans yet another divestment panel -- FM
Finance Minister Yashwant Sinha on Monday said that the Government would soon issue a notification for reconstituting the Disinvestment Commission whose term expired on November 30 last.
DaimlerChrysler, Fiat too line up to take over Daewoo
The European car manufacturers DaimlerChrysler and Fiat SPA have expressed an interest in ailing South Korean auto maker Daewoo Motor, the German newspaper Handelsblatt reported on Monday.