Equity funds with IT bias survive meltdown
IT may be of small comfort to the investors who placed their faith with technology sector funds when IT was the flavour of the season in 1999. But equity funds with a technology bias have been the only survivors from the market meltdown of the ...
RBI tightens norms for private bank directors' appointments
THE Reserve Bank of India has tightened norms for appointment of directors on the boards of private sector banks through a process of internal checks and balances. In a circular addressed to the CMDs and CEOs of private sector banks, RBI has ...
Sterling Info to invest Rs 500 crore in IT infrastructure in Chennai
STERLING Infotech, which sold its mobile telephone business to Hutchison Essar for an enterprise value of Rs 1,630 crore, plans to invest Rs 500 crore on creating infrastructure on the outskirts of Chennai for information technology, according to ...
Paswan rules out Salem Steel sale; mulls IISCO merger with SAIL
THE Union Steel Ministry is considering two major decisions for Steel Authority of India Ltd (SAIL). First, it might merge Indian Iron & Steel Co Ltd (IISCO) with SAIL and second, it might drop the idea of privatising Salem Steel Plant ...
Bike owners' upgrade to drive compact car sales
COMPACT cars are likely to remain the dominant segment in India as two-wheeler owners upgrade to automobiles, taking advantage of the attractive finance schemes and declining prices of passenger cars. According to a study conducted by market ...
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