Sebi roots for PAN

Mumbai, June 25: Market regulator Sebi today decided to discontinue the practice of quoting Unique Identification Number and made Permanent Account Number the only identification number for transactions in the securities markets to improve transparency. PAN will be the sole identification for participants in the securities market, irrespective of the transaction amount.

WTO talks

Geneva, June 25: A group of Latin American and Asian members of the World Trade Organisation proposed today a “middle ground” in talks to liberalise trade in manufactured goods.

Hexaware JV

Mumbai, June 25: Hexaware Technologies has entered into a joint venture with Pemtrad International to form Risk Technology International or RiskTech.

Gas meet

New Delhi, June 25: A crucial meeting of the energy coordination committee to discuss pricing and allocation of natural gas for the fertiliser sector has been put off until July 12.

Rupee effect

New Delhi, June 25: Nasscom today said profitability of IT companies will be affected by the recent rupee appreciation. “It’s a case of too much too quick. An 8-9 per cent rise in the value of rupee is definitely a cause of concern,” chairman Kiran Karnik said.