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BUSINESS
Sensex dives 643 points on global meltdown
U.S. sub-prime market problem looms large

SAIL, Posco sign MoU
To cooperate in raw materials’ purchase

B. K. Birla’s restructure plan gets underway
Number of unlisted companies will be brought down

SEBI moots self-regulator for financial advisors
HYDERABAD: The Securities and Exchange Board of India (SEBI) on Thursday mooted the idea of having a self regulatory organisation (SRO) for financial advisors like broking houses, financial advisory firms and print and electronic ...

Deora meets Kyrgyzstan President
Talks of cooperation in oil, gas sector

Rupee hits three-and-half month low
MUMBAI: The global turmoil caused by the subprime crisis in the U.S. sent the Indian rupee on a downward spiral to a nearly three-and-half-month low of 41.36/37 against the greenback on Thursday, cheaper by 61.50 paise from Tuesday’s ...

Sical forays into dredging
CHENNAI: Sical Logistics has announced its foray into the dredging market with the acquisition of Sical PortoFino, a cutter suction dredger, for a consideration of $24.92 million, says a company release. The acquisition is the latest ...

Role of DFIs over: IDBI chief
KOLKATA: The Chairman of Industrial Development Bank of India, Yogesh Agarwal, said the role of development banking was over in the country. Mr. Agarwal, who took over charge in July this year, is now busy trying to change IDBI to a commercial ...

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