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Business Briefs

Sodhi at SAT helm

New Delhi, Dec. 17: The government today appointed Justice Nauvdip Kumar Sodhi as the presiding officer of the Securities Appellate Tribunal, which handles disputes pertaining to the capital markets. A former Chief Justice of Karnataka, Sodhi will come in the place of Justice Kumar Rajaratnam. Sodhi's appointment will take effect from the date on which he assumes office.

FII policy

Mumbai, Dec. 17: Indian stock markets could face destabilisation due to the strategies adopted by foreign institutional investors, said R. Jayaraman Iyer, CMD of Stock Holding Corporation. 'While concentration on a few stocks results in prices overreacting to changes in fundamentals, herding by FIIs creates disarray in the markets they exit and overheat the markets they enter,' he said.

MMTC plan

Ludhiana, Dec. 17: The Minerals and Metal Trading Corporation (MMTC) hopes to double its total business volume, with focus on precious metal business, to Rs 30,000 crore in the next two years, chief general manager Preeti Kaur said.


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