Fresh audit norms for NBFCs
NON-BANKING finance companies (NBFCs) with paid-up capital of less than Rs 5 crore or having asset size of Rs 50 crore will have to constitute audit committee as stipulated under the Companies Act. The RBI, which directed NBFCs to follow the ...
GAIL `expresses interest' in Dabhol-II
GAS Authority of India Ltd (GAIL) has communicated its `Expression of Interest' to the IDBI, Dabhol Power Company and Maharashtra State Electricity Board for taking an equity stake in Dabhol Power Company which may also involve a strategic ...
3.29 pc export jump in Nov brings fiscal target closer
THE New Year heralds hope for the country's beleaguered export sector as both for November 2001 and the cumulative period April to November 2001, exports growth turned modestly positive, making the revised export target of three per cent for the ...
A rose by any other name is piracy
Non-payment of royalty by rose growers is a major problem for breeders in India and Meilland Star Rose, a French rose breeder, is now seeking the help of APEDA and the Karnataka Agro Industries Corporation (KAIC) in fighting this. Breeders who ...
US-64 redemption at Rs 12 cr on day one
REDEMPTION of units of US-64 scheme was a modest Rs 12 crore on Tuesday, on the first day of sales and repurchase, after they were suspended in July last. There was also fresh sales of units worth about Rs 2.5 crore today, the first day of sales, ...
No guarantee for Dabhol-II, FIs told
THE Finance Ministry has informally told the financial institutions (FIs) that it is not willing to offer guarantees to them to finance the remaining portion of the Dabhol Phase II project having a generation capacity of 1,444 MW and a five mmtpa ...
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