News Snapshot:
"You are listening to the Expresso Business Update. Here is the latest news from the world of Indian and International business brought to you by The Indian Express and The Financial Express. " The Securities and Exchange Board of India may tighten norms for investment by mutual funds in initial public offerings. The guidelines may pertain to the post-allotment allocation of shares to various schemes and the due diligence process to be followed for IPO investments, said two people familiar with the matter. Currently, mutual funds bid for shares at the fund house level, and not at the individual scheme...
