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Foreigners hold 30 pc shares in Nifty cos
FOREIGN hands control 30 per cent of India's top companies. We aren't xenophobic. If you look at the ownership of Indian companies, you might wonder if East India Company syndrome - a sort of creeping acquisition of effective control and ...
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Gelli likely to take part in GTB rights issue
MR Ramesh Gelli, founder-promoter of Global Trust Bank (GTB), seems all set to partake of the proposed rights issue of the NPA-ridden bank. This is despite the SEBI's ban on his trading in the bank's scrip, which was recently extended to June ...
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Diabetes segment may see price cut in drugs, insulin
DIABETES patients may have been pleasantly surprised on purchasing Gliimpid, an anti-diabetic medicine from Ranbaxy. In just about a month, Gliimpid has seen "an unprecedented drop" in its price from about Rs 53 for a strip of 10 tablets down ...
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Forex reserves rise $402 m on dollar mop-up
THE foreign exchange reserves of the country increased by $402 million to touch $109.996 billion for the week ended March 19. In the previous week the accretion to the kitty had been $ 464 million. According to the latest weekly statistical ...
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Online fund transfer system comes into being
NEARLY 3,000 bank branches across 275 cities/towns in the country are ready to go live on the online fund transfer system, Real Time Gross Settlement (RTGS). This would mean that a bank customer would be able to transfer funds instantaneously ...
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Where fixed deposits give higher rates
IN a market that is fast losing steam, a group of companies is raising fixed deposits at steep rates - as high as 10 per cent for one year in select cases or even higher for those who stay invested for longer periods. GI Power Corporation, ...
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