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Special schemes for pensioners necessary — RBI Governor
CHENNAI, NOV. 5.For those who are retiring or just retired there must be special windows: age related savings schemes, for example. "In principle I would agree that their expectations of income are different from what the market logic demands.'' ...
Tatas to take over Daewoo commercial division
NEW DELHI, NOV. 5.India's leading commercial vehicle manufacturer, Tata Motors, today announced that it would be acquiring the commercial vehicle division of South Korea's ailing Daewoo Motor Company. A binding memorandum of understanding has ...
SAIL to turnaround ailing plants
KOLKATA. NOV. 5. The Steel Authority of India Limited has decided to invest Rs. 800-1,000 crores every year to upgrade the existing facilities largely through internal accruals. The company is hopeful of wiping out the accumulated loss of over ...
Debt secs.: Draft norms on FIs investment
MUMBAI, NOV. 5. The Reserve Bank of India has recommended that financial institutions (FIs) should only invest in rated debt securities, which carry a minimum investment grade rating from a credit rating agency registered with Securities and ...
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