The Securities and Exchange Board of India has clarified rules on employee stock option plans after the new insider trading rules restricted the timing of sale of such shares.
State-owned Life Insurance Corp of India (LIC) has purchased nearly 90 per cent of Indian Oil shares sold by the government in its Rs 9,379-crore disinvestment.
European shares rose more than 4 percent, on track for their best one-day gain since late 2011, with a rate cut from China providing added juice to a recovery from a sell-off.
Shares, oil and core bond yields extended gains in midsession European trade as a tentative market rebound picked up pace after China cut interest rates.
Britain's top share index looked set for its biggest one-day rise since 2011 on Tuesday after China cut interest rates to try to calm markets following turbulence that has rocked equities globally.