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MFs can invest 4 pc of assets in foreign papers -- SEBI fixes individual limit at $50 m
Indian mutual funds have also been allowed to invest in the units/securities issued by overseas mutual funds or unit trusts, which invest in securities that have the highest rating. More

Norms for dividends sans depreciation under study
THE Department of Company Affairs (DCA) is mulling a proposal on framing broad guidelines that would spell out the criteria under which companies could be allowed to declare dividends without providing for depreciation. Currently, the Companies ... More

TDP pressure to roll back export units' profit tax
BARELY 20 days after the partial rollback of the LPG price hike, the Finance Minister, Mr Yashwant Sinha, has come under pressure again from a key ally of the National Democratic Alliance -- the Telugu Desam Party (TDP) -- to review the Budget ... More

Outstandings at Rs 4,867 cr -- Bills unpaid hang over BSNL, MTNL
DON'T be surprised if the largest basic telecom companies in the country - Bharat Sanchar Nigam Ltd (BSNL) and Mahanagar Telephone Nigam Ltd (MTNL) - start bleeding in the next couple of years. As per the latest estimates available with ... More

IDBI's assets set to shrink Rs 3,500 crore
THE largest financial institution in the country would perhaps be testimony this year that the term lending market is in a shambles. Industrial Development Bank of India's (IDBI) total assets are likely to shrink by at least Rs 3,500 crore. ... More

Relive Casablanca, courtesy Emirates
VIEWERS in India as those around the world must have seen the movie, Casablanca, and remembered the classic line `Play it again Sam.' The Indian traveller, now, has a chance of reliving that classic experience. In an effort to promote ... More

PM tour to bolster ties with Asean
THE Prime Minister, Mr Atal Bihari Vajpayee, has said that his five-day tour to Singapore and Cambodia will give an opportunity to further strengthen the existing friendly ties between India and the two countries. "We have friendly ties with ... More


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MFs can invest 4 pc of assets in foreign papers -- SEBI fixes individual limit at $50 m


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Norms for dividends sans depreciation under study

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Mar. 31-Apr. 6
GTB ousts 7 top officials

BSNL cuts ISD rates

Govt cuts SDS to 9 pc; PF rate reduction on anvil

Bleak export scenario set to change: Maran

Simplified norms; specific packages

Farm exports freed; thrust to SEZs -- Maran gives Exim policy a friendly push

To cover pool account deficit -- Govt issues Rs 9,000-cr bonds to oil majors

Exports falter, 11-month growth rate at 0.06 pc

IOC may not pass on post-APM gains -- To add `value' to retail outlets

BoP problem unlikely: Jalan

Maruti back in black, makes Rs 55-cr profit

Rupee falls to new low, recovers

Asian Paints eyes buys; `talking to Snowcem'

Of elephants, rabbits and GIC Fortune

UTI board to decide on RIL investment probe

Here comes the virtual video store

Panel moots due diligence for private bank directors

Natural gas at market prices to power, fertiliser cos: Naik


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