UTI Sec, Investmart merger on the cards
UTI Securities Ltd and Investmart India Ltd, two unlisted closely-held broking firms promoted by Unit Trust of India (UTI) and Infrastructure Leasing & Financial Services Ltd (ILFS) respectively, are likely to merge.

Downsizing to begin at home for Sinha
THE Government's plans to downsize will be kicked off by the Finance Ministry, which has decided to shed several jobs in its own backyard -- the Department of Economic Affairs (DEA) first, including a few senior-level civil service positions.

Govt defends Balco valuation norms
REELING under Opposition onslaught in Parliament on the privatisation of Balco at ``throw-away price,'' the Union Government on Thursday said that the bid received from Sterlite Industries Ltd was far in excess of the figures arrived at through the three different accepted traditional methods of valuing business.

Balco divestment under fire in RS
THE strategic sale of the Bharat Aluminium Company Ltd (Balco) to Sterlite Industries by the Government has come under fire from Opposition parties in the Rajya Sabha, some of whom have dubbed the sell off as an outright ``daylight robbery''.

Demerger `blues' send Aptech shares plunging
THE market seemed to be unhappy over Aptech Ltd's proposed demerger of its software business and the company's share price fell by 16 per cent today over Wednesday's close.

Dressing up the Seven Sisters
IT'S a business conference of a magnitude never witnessed earlier in the North-East. Truly, a confluence of three major movers and shakers of civil society -- the State administration, political leadership and business czars. Each one with a wish on the lip and a hope in the heart. To transform the region into an attractive investment destination and a major hub for exports to Bangladesh, Myanmar and the Asean countries.

MDI students attract biggies
CLOSE to 140 companies including biggies such as HSBC, ITC, Ranbaxy, Wipro vied for about 125 students at the Management Development Institute (MDI).

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