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MFs unlikely to face redemption pressure
UNLIKE in the past, this March would be an easy ride for mutual funds. The pressure on redemptions — corporate and retail — is anticipated to be low this March, according to fund managers. In March 2003, the mutual fund industry ...
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Tata, Reliance offices go for own connections, `disconnect' BSNL, MTNL
IN what could spell trouble for BSNL and MTNL, the Tatas and Reliance are completing the task of enrolling their employees and wiring up the offices of group companies with telephone connections provided by their respective telecom companies, ...
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Volvo draws up global export hub plans for India
VOLVO has selected India as its fourth global export hub and plans to outsource more development work to the country. The country has also worked out a new marketing strategy for India to increase its market share in the country. "We should ...
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Euclid opens product centre in Hyderabad; to double headcount
EUCLID Inc, an IT management software solutions provider, has commissioned a new development centre in Hyderabad. It plans to expand partnerships with systems integrators in the region and double the headcount in Research and Development (R&D) ..
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Key index stocks drag Sensex down
WEAKNESS in key index stocks such as Reliance Industries, ICICI Bank and Hindustan Lever dragged the Sensex for the second day in a row. After the 80-point drop on Tuesday, the market shed a further 91 points to end the day at 5759.29 ...
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Used truck financing: Untapped potential
BANKS and finance companies are flush with funds; traditional lending opportunities are still not big. But look around, you will find absorbing markets. Here is one: the market for used vehicles. There is an opportunity to lend Rs 20,000 crore ...
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Indo-Pak series: Madras HC asks if ordinance is possible
THE First Bench of the Madras High Court on Wednesday wanted to know if it was possible for the Central Government to promulgate an ordinance to protect the rights of the national broadcaster, Prasar Bharati. It was hearing two public interest ...
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Minister discusses cricket telecast issue with PM
WITH Ten Sports firm on retaining exclusivity to the Indo-Pak cricket matches, the Information and Broadcasting (I&B) Minister, Mr Ravi Shankar Prasad, today met the Prime Minister, Mr Atal Bihari Vajpayee, to devise ways and means of widening ..
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