India Inc fund mop up to soar past $10 billion While DLF, ICICI Bank and Sterlite alone account for funds worth about $nine billion, the total for the month of June would easily cross $10 billion, according to domestic investment bank JM Financial's Managing Director and co-CEO Atul Mehra.
India Inc can invest up to 300 pc overseas RBI has hiked the overseas investment limit from 200 per cent of the net worth to 300 per cent of the net worth as on the date of the last audited balance sheet for joint ventures and wholly-owned subsidiaries of Indian entities.
Bill to buy RBI stake in SBI soon "The ordinance containing amendments to the State Bank of India Act, 1955, would enable the transfer of RBI's shareholding in SBI to the Central Government," the Information and Broadcasting Minister P R Dasmunsi said.
Sensex fails to hold early gains Attributing profit taking ahead of the weekend, market players said operators and institutional investors preferred to take benefits of the higher price levels in the face of continued Foreign Institutional Investors slowdown.
Tata Group Chairman Ratan Tata (right) inaugurating the CII National Summit on Corporate Social Responsibilty—2007, in Chennai, on Thursday. Also seen on the left is TVS Motor Company Chairman & Managing Director Venu Srinivasan. PTI
The Karnataka Government is planning to send 250 legislators to China for a study tour. Will the tour help in the development of the State? We invite our readers to express their views in about 100 words. Responses may be sent to Deccan Herald, No 75, M G Road, Bangalore - 560001 or e-mail: editordh@deccanherald.co.in latest by 2 pm on Saturday.
A selection of responses will be published in Sunday’s edition. Photographs are welcome.
