10 Mar 2008 : Indian Stock Market Weekend News Roundup

Sify
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Chambers seek 5 yrs for listed cos to hike public stake
Industry chambers FICCI and Assocham have asked the government to allow listed companies to raise public holding from 10 per cent to 25 per cent in a phased manner over a period of five years, instead of doing it in one go as specified by the Finance Ministry

SBI to expand gold coin sale business
An unabated fascination for gold among the domestic consumers and its safe-haven investment character has inspired the State Bank of India to ratchet up its gold business and bring out coins weighing 2-50 grams to be sold through its select branches.

The Economic Times
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Govt puts PSU sell-off back on fast track
The government will soon seek Cabinet approval for a proposal to list some of the profit-making state-owned companies

Mukesh wants top brass to get cracking on Rel Retail
At a series of review meetings, Mukesh Ambani is believed to have expressed concerns over Reliance Retail’s current pace of growth.

RCom to issue 1.75 crore shares under ESOP
RCom has said it would issue 1.75 crore shares under Employees Stock Options to 20,000 staff members of the company and its subsidiaries.

Business Standard
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Investors lose 24% value as 13 out of 18 IPOs flop Investors lose 24% value as 13 out of 18 IPOs flop
India Inc opposes 25% minimum public shareholding norm India Inc opposes 25% minimum public shareholding norm
Traders edgy over advance tax, Re may dip Traders edgy over advance tax, Re may dip

RK
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