Norms eased for external commercial borrowings
IN continuation of the pre-poll `mini Budget' package, as announced by the Finance Minister, Mr Jaswant Singh, last week, the Government on Monday overhauled the policy guidelines governing external commercial borrowings (ECBs) to render it more ...
Sensex swings in volatile trade, gains 118 points at close
INSTITUTIONAL investors bought key index stocks in the afternoon trading session today and helped the BSE Sensex end a volatile day with a 118-point gain over its previous close. In extremely choppy trade, the benchmark 30-share index moved in ...
Collateral-free loans: Small units out of banks' loop
IT is now three full years since the Credit Guarantee Scheme was launched to enable banks lend to small-scale units without making them pledge their assets for the loans. But statistics show that the scheme has been ineffective. Till January ...
Product liability cover offered to auto parts sector
AUTO majors such as Ford and General Motors which insist on product liability insurance from Indian component makers, will now be able to outsource more work to them. This has been made possible with domestic insurance companies offering such ...
S.M. Datta at EID Parry helm
MR S.M. DATTA, former Chairman of Hindustan Lever Ltd, will take over as the Chairman of EID Parry (India) Ltd. The incumbent Chairman of the company, Mr M.V. Subbiah, has retired, "on attaining the age of retirement." Mr Subbiah will also ...
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