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Market analysts welcome the measures announced by Sebi on Thursday regarding the new Takeover Code and other investor-friendly measures, saying the steps are pragmatic.

ITC posts a 24.51 per cent increase in net profit to Rs 1,332.72 crore for the quarter ended June 30, 2011.
Competition Commission of India (CCI) has cleared Reliance Industries' buyout of Bharti group's 74 per cent stake in insurance joint ventures with AXA of France.
The latest announcement comes less than a week after Cox & Kings said it acquired a minority stake in the US travel firm Radius for an undisclosed amount.