Sebi moves to rev up IPO market

A number of large government-owned companies are likely to bring initial public offers, or IPOs, with the Securities and Exchange Board of India (Sebi) telling them to dilute at least 25% stake to the public.

In a landmark judgement, the Allahabad High Court has asked SBI Life Insurance to return Rs 50,000 to 72-year-old Virendra Pal Kapoor.
The victory of the BJP-led National Democratic Alliance (NDA) in parliamentary elections has triggered a bull run in equity and currency markets.
Savings accounts and current accounts are treated as dormant if there are no transactions for over two years.
A look at recent rulings which can affect you
The Reserve Bank of India (RBI) has increased the remittance limit under the Liberalised Remittance Scheme from $75,000 to $125,000.
Insurance regulator Irda has raised the premium rates by 20% for private cars and by 10% for two-wheelers.
Sebi has asked fund houses to give area-wise break-up of the asset under management on a monthly basis instead of quarterly.