Equity Market News -26th September 2008

• FII and PN norms set to review, SEBI board meet on October 6 – ET
• RCF plans chemical park, comex to unlock real estate value – BS
• RIL eyes fertilizer foray with SPIC buy, others like Sterlite and PE funds also seen in the race – ToI
• Sundram Multicap loses case against ICICI Bank; HC orders company to pay the bank dues arising out of contract on structured derivatives product – Mint
• Raymond puts its loss making Denim business on the block – BS (It’s a JV with a European company UCO)
• Satyam top brass sell 1.6 lakh shares in last 2 months – DNA
• Sterlite inches close to Asarco takeover – BS
• Century Textile staff (82 employees) are reluctant to take VRS scheme which could delay the groups plan to develop the Worli property – ET
• SAT declines to stop Emami open offer, preliminary hearing on November 18 – BL