Sify now plans Indian IPO
SATYAM Infoway Ltd (Sify), which has listed on the Nasdaq, now plans an equity offering in the Indian capital markets.

Insurance products' distribution -- SBI to rope in associate banks
THE might of the State Bank group would be fully unleashed in the insurance market, with the parent bank, State Bank of India, deciding to rope in its associate banks to distribute the products to be offered by its insurance subsidiary.

India-EU ties gain strength
THE first-ever India-European Union Summit ended here today with a declaration to beef up bilateral economic and political relations on a firmer footing and an agenda for action setting out the areas of cooperation on a durable basis.

BSE suspends trading in Vakrangee
THE Bombay Stock Exchange today suspended trading in shares of Vakrangee Softwares Ltd (VSL), a Mumbai-based software solutions provider, and shut up the trading terminal of one broker.

`Unclear policies upset British Telecom plans'
BRITISH Telecom (BT) is holding back all possible investments in Indian businesses owing to uncertainty of Government policy and lack of a proper regulatory mechanism in the sector.

Signs of rainfall activity picking up
PROSPECTS of rainfall activity in soya-growing regions of eastern Madhya Pradesh, Vidharbha and Saurastra regions have increased with the south-west monsoon showing signs of picking up steam.

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