The listing of MIIs turned controversial after a Sebi-appointed committee headed by former central bank governor Bimal Jalan had recommended against it. According to sources, the finance ministry is also likely to give its views on the subject before the scheduled board meet.

Sebi board may take up Jalan report next week

Business Standard

The Competition Appellate Tribunal (COMPAT) on Friday declined to grant the National Stock Exchange (NSE) interim relief in a market monopoly case. The Competition Commission of India (CCI) had directed NSE to maintain separate segment-wise financial records for equities, currency derivatives and other segments.

No relief for NSE in market monopoly suit

Denying charges of commercial tax default leveled by the state government, JSL Ltd said it would follow the directive of the Orissa High Court on tax cases pending in the court.

JSL denies tax default

Hyderabad-based Super Agri Seeds Private Limited is planning to tie-up with two European agro-based companies for research and development (R&amp;D) by next year.

Super Agri Seeds scouts for overseas tie-ups

Capital markets regulator Securities and Exchange Board of India (Sebi) on Friday tightened algo trading rules and put the onus on stock exchanges to ensure maintenance of orderly trading in the market.

Sebi cracks the whip, tightens algo trading norms

The tussle between the board of India&rsquo;s largest miner Coal India Ltd (CIL) and the government over supply agreements is set to extend further. A senior coal ministry official on Friday took a tough stand, stating the government could ask CIL to fall in line by issuing a directive with respect to the conduct of the company&rsquo;s business under its articles of association. The company, though, said it would seek an extension of the March 31 deadline.

Coal India now says needs time for supply pacts

As per the power banking agreement, Gridco will return five per cent more power between August and September this year to PGCIL, which in turn will pay the power cost to WBSEDCL.

Gridco to get 200 Mw from WB via power banking

World Bank Group president, Robert B Zoellick, on Friday made a special visit to the development institution&rsquo;s Chennai office.

World Bank chief makes maiden visit to Chennai

The Securities and Exchange Board of India (Sebi) on Friday provided some exemptions to promoters from converting their shareholding into demat form.

Promoters get exemption for demat compliance

The Rs 37,573 crore annual budget for the financial year 2012-12 was passed in the Chhattisgarh Legislative Assembly (CLA) Friday evening as the Appropriation Bill moved by the government was adopted with voice vote.

Chhattisgarh Legislative Assembly passes annual budget

India&rsquo;s state-run Oil &amp; Natural Gas Corporation (ONGC) has joined hands with ConocoPhillips for exploration and development of 19 deepwater oil and gas blocks. The two companies would also be collaborating in shale-gas exploration.

ONGC inks exploration agreement with US energy major ConocoPhillips

e2E Rail, a rail services company focusing primarily on signalling, track and electrification sectors in India and overseas markets, has closed a transaction for a Rs 30-crore investment from VenturEast Proactive Fund and Zephyr Peacock.

VenturEast, Zephyr invest $6 mn in e2E Rail

For a successful delisting of Patni Computer Systems from the Indian bourses, iGate will need to shell out Rs 520 per share.

Patni delisting gets 60% offers

Tilaknagar Industries Limited (TIL), producers of alcoholic beverages, is planning to step up its market presence in Andhra Pradesh (AP), and accordingly expand the capacity of its Rajahmundry plant at a cost of about Rs 80 crore.

Tilaknagar Industries to step up focus on AP

Sistema Shyam Teleservices on Friday took an enabling resolution to raise as much as Rs 6,000 crore via preference shares.

Sistema Shyam plans to raise Rs 6,000 cr

Milk product company, Paras, has invested about Rs 30 crore in its dairy processing unit at Hardoi district in central Uttar Pradesh.

Paras invests Rs 30 cr in UP dairy plant

Bihar, once considered a dark alley, has now transformed itself into a land of opportunities. Its more than 14 per cent growth rate has astonished not only the country, but the world itself. But the Nitish Kumar and Sushil Kumar Modi-led government is not satisfied; it wants special treatment from New Delhi, so that more can happen.

'India cannot grow, if Bihar lags behind'

Faced with crushing margins turning negative once again due to a spurt in oilseed prices, traders have urged the government to curb excessive speculation in raw materials in futures exchanges. Edible oil producers have cautiously passed on a part of the seed price rise to oil consumers amid fear of a demand slump.

Oil traders seek protection from high seed prices

Air India employees have withdrawn their threat to go on &ldquo;no pay, no work&rdquo; strike after the airline on Friday assured them of clearing all pay dues by June end.

BS Reporter