Leash on five brokers

Mumbai, Jan. 9: The Securities and Exchange Board of India today suspended four brokers for alleged violation of norms and censured one of them. Shilpa Stock Brokers has been suspended for one month for violation of Sebi Stock Brokers and Sub Brokers Rules while dealing in the shares of VB Desai Financials Ltd. It has suspended HR Investment for 30 days, as it was found guilty of violating Sebi?s code of conduct. Shailee Securities has been suspended for two months and Mehta Vakil & Co for 15 days. Vidyut Devendrakumar was censured for its non-compliance to Sebi circulars while dealing in the shares of VB Desai.

ICAI norms

Ludhiana, Jan. 9: The Institute of Chartered Accountants of India (ICAI) will issue new accounting standards on financial instruments to make users aware of the financial statements of associated risks.

Temasek buy

Singapore, Jan. 9: Temasek Holdings said today it has acquired a majority stake in Chennai-based Dove Finance.

Yes Bank net

Mumbai, Jan. 9: Yes Bank today reported a net profit of Rs 14.5 crore for the third quarter ended December compared with a loss of Rs 32 lakh a year ago. Total income grew at Rs 81.74 crore.

Godrej plan

Mumbai, Jan. 9: Godrej Industries Ltd will invest Rs 500-700 crore over five years to expand Aadhar, a chain of supermarkets in rural India, which hawks goods ranging from fertilisers, pesticides, animal feed to consumer durables.