Short-selling of securities okayed The Securities and Exchange Board of India (Sebi) has amended rules governing mutual funds to allow domestic fund houses to engage in short-selling of securities and stock lending & borrowing. Simply put, short-selling is all about the sale of a security that the seller does not own at the time of trade.
Sectoral FDI cap on insurance
The sectoral foreign direct investment (FDI) cap on insurance was likely to stay now till the time a political consensus evolved, according to a government official.
India to emerge as a global hub for ECE India is poised to emerge as a global manufacturing hub for Earthmoving and Construction Equipment (ECE) industry and a centre for design and R&D for ECE Industry. This was reverberated during EXCON 2007 Conference on opportunities and challenges in the ECE Industry that just concluded in the city.
US WIRELESS NETWORK
Google inches closer to airwaves mobile bid Google Inc is considering bidding alone on coveted airwaves to launch a US wireless network, as a deadline nears to declare bidding plans, sources familiar with the situation said.
Sandvik plans aggressive expansion in India Sandvik AB, a $10 billion global player in mining and construction sector, is set to take a giant early leap in 2008, with regard to its operations in India.
Sporty beam... The Nissan Murano SUV is shown at the Los Angeles Auto Show. The show, which opened to the public on Friday with more than 40 world debuts and 1,000 new vehicles, will conclude on November 25. AFP
A new government has been installed in Karnataka. What should be the priorities of the Yeddyurappa-led government? Transparency, focus on power sector and infrastructure, curbing graft and warding off terror threats to Bangalore... the list of priorities set by Deccan Herald readers for the government is endless. Some of them have also insisted that the Bharatiya Janata Party should prove that it indeed is a party with difference.
