The Hindu Business Line : Tuesday, June 06, 2006

PFC files draft prospectus with SEBI for IPO
Power Finance Corporation (PFC) on Monday filed draft prospectus with SEBI for public offering and divesting five per cent Government stake. PFC is offering an aggregate of up to 154,567,500 equity shares of Rs 10 each for cash at a price to be ... More

Markets volatile again; Sensex sheds 237
Despite a positive start, sustained selling pressure across the board pushed the benchmark indices into negative territory. The market belied expectations that Friday's optimistic trend would continue. Declines in some of the Asian markets on ... More

Glenmark forges risk-sharing deal for US with Paul Royalty
More

Pvt players may be allowed to invest in forest lands
The private sector may soon be able to invest in plantations that would help restore degraded forest area and in community land provided they share the benefits with stakeholders including local community and landowning agency. The Ministry of ... More

Mortgage-backed term cover plans face hiccups
Home loan disbursals slowing down on tighter RBI norms More

New issues peak in Q4
How far are the newly issued shares trading at a discount, compared to their issue price? About 1:2, one may say, because 34 shares are basking in the positive zone, while only 16 are wallowing in the negative, considering the listings during the ... More

Investments in short-term funds propelled growth: Pru ICICI
Infrastructure, Discovery and Services schemes record marked declines More

Tech Mahindra tool to check intellectual property leakage
Appraisal for SSE CMM Level 3, setting up an own campus at Hinjewadi and launch of the Inte-leak solution looks the roadmap for Tech Mahindra, providers of solutions to telecom companies. Talking to presspersons, Dr Premchand, Vice-President ... More

Genpact tops list of third-party BPOs
Genpact has topped Nasscom's list of top 15 third-party ITES-BPO companies based on revenue parameter, with WNS and Wipro BPO in second and third positions. Genpact (formely GECIS) had not figured out in last year's list due to its "captive ... More

Patni buys ZAiQ Tech
Patni Computer Systems has acquired a US-based company ZAiQ Technologies through an asset purchase transaction for $ 425,000 (around Rs 2 crore). Patni will be buying the following assets: hiring an eight-person Application specific integrated ... More

Sify acquires Globe Travels
Marks foray into online travel business More

Chinese fabrics make inroads into India
Imports register growth of 33% in last 4 years More

Monsoon may enter weak phase
Country seen headed for overall rainfall deficit in June More