SEBI exempts MTN from making open offer to Bharti shareholders
Market regulator SEBI said South African telecom company MTN need not make an open offer to Bharti Airtel shareholders in India as its shareholding in the Sunil Mittal promoted company would be through the Global Depository Receipts (GDR).

SEBI said that the open offer will only trigger once the GDRs, issued to MTN and its shareholders by Bharti Airtel, are converted into local...

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  • Overcharged & Underserviced

    The RBI is concerned about high bank charges. It should look into the quality of services as well

    In a recent speech at Hyderabad, Dr D Subbarao, governor of the Reserve Bank of India said that he was surprised that “transfer of funds from one branch of a bank to another, both under the core banking system (CBS), entails a service charge for the remitting customer.” He asked banks to lower...

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  • Mumbai: The Great Skywalk Rip-off
    Last month when the deputy chairperson of Maharashtra Legislative Council Vasant Davkhare alleged large-scale corruption in the construction of skywalks, everyone was stunned. The government, as usual, assured an investigation into the charges.

    Skywalks or the foot over bridge are an effort to give the pedestrian much needed space to walk as more and more footpaths were disappearing...

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