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Sebi tweaks OFS norms to encourage employees' participation

Relaxing its offer-for-sale (OFS) norms, markets regulator Sebi today allowed companies’ promoters to sell shares within two weeks from the OFS transaction to their employees.Currently, promoters cannot buy or sell the company’s shares for 12 weeks after the OFS In…

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Oil up almost 2 pct on weaker dollar, short-covering

Oil prices rose nearly 2 percent and hit a one-week high on Tuesday, boosted by a weaker dollar, short covering and expectations that crude inventories in the United States may decline for a third consecutive week.It was the fourth straight…

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