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Retail investors set to get rich pickings of Central PSUs
Shares to be offered at a discount; NTPC, Satluj Jal and REC divestment this fiscal. New Delhi, Nov. 13 The Government is likely to offer public sector shares at a discount to individual investors as part of its disinvestment ...
SEBI allows registered brokers to deal in mutual fund products
In the light of entry load abolition to distributors. In a move that could considerably widen the distribution network for mutual funds, SEBI on Friday allowed registered stockbrokers to transact mutual fund units on behalf of their clients ...
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HDFC picks up 41% in Credila Financial
Buys out DSP Merrill Lynch stake; entering student loan business. Housing finance major HDFC is entering the education loan business, which the company sees as a high growth ...
RBI cautions NBFCs on ‘politically exposed persons’
Mumbai, Nov. 13 The Reserve Bank of India has cautioned non-banking finance companies that in the event of an existing customer or the beneficial owner of an existing account subsequently becoming a politically exposed person (PEP) then ...
Nalco to partner NPC for n-power project
Kolkata, Nov. 13 Public sector aluminium giant National Aluminium Company (Nalco) plans to enter nuclear power generation and distribution in partnership with Nuclear Power Corporation ...
New cane seeds could wipe out sugar shortage
SWEET RELIEF. Mumbai, Nov. 13 Farmers in North India got a welcome gift in the form of three new high-yielding sugarcane seeds to be introduced by the Coimbatore-based Sugarcane Breeding ...
BSNL puts 93-m-line GSM tender on hold
Asks zonal officers not to purchase gear till further orders. New Delhi, Nov. 13 In a move that could delay its mobile roll out plans further Bharat Sanchar Nigam Ltd has directed all its zonal offices across the country not to place any ...
PVR acquires DLF’s DT Cinemas
Raises Rs 42 cr by selling 10% stake to Thai firm. New Delhi, Nov. 13 PVR Ltd announced on Friday that it has acquired DLF Group’s DT ...
Unstable weather forecast across country over weekend
Prevailing weather across the country is poised to get unstable with Cyclone Phyan remnant dictating terms over the north as does an incoming easterly wave to the ...
No spike in bank NPAs despite loan recast: RBI
Chennai, Nov. 13 Although some rating agencies had forecast that Indian banking industry would have a build-up of bad loans close to six per cent in 2008-09, bad loans were only four per cent of the total advances said, Mr D.P. Rath, ...
Bourses free to set expiry date for F&O
Mumbai, Nov. 13 Stock exchanges will have a free hand in setting the expiry date for equity derivative contracts, SEBI said in a circular issued ...
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