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Wednesday, September 12, 2007
Apex court allows REL to bid for Mumbai project
Clause 49: SEBI takes action against 20 cos.
MUMBAI: The Securities and Exchange Board of India (SEBI) on Tuesday initiated proceedings against 20 listed companies, including five public sector entities, for violating corporate governance regulations. ...
Derivative norms for FIIs relaxed
MUMBAI: The Securities and Exchange Board of India on Tuesday relaxed derivative trading norms for foreign institutional investors (FIIs), allowing them to offer foreign securities in place of cash as collateral to clearing houses for their ...
Tatas find a good samaritan in SBI
MUMBAI: While the U.S. sub-prime mortgage crisis has forced top foreign banks to tighten their purse strings, State Bank of India is playing the good samaritan for Tata Steel by approving a big ticket loan to it. India’s largest lender ...
Peninsula sells park premises
MUMBAI: Ashok Piramal Group company, Peninsula Land, on Tuesday said it had sold its Peninsula business park premises here for Rs. 1,054 crore to Alok Infrastructure. ...
Cairn gets RoU for Rajasthan pipeline
CHENNAI: Cairn India has got the rights of use (RoU) nod for Rajasthan pipeline from the Central Government. This allows Cairn India and ONGC (the joint venture partner) to secure access to the land to build the pipeline from Rajasthan. ...
UBI ties up with Everest Bank of Nepal
KOLKATA: United Bank of India (UBI) has tied up with Everest Bank Ltd. (EBL) of Nepal for co-operation in areas of banking transactions. Under the agreement, designated branches of UBI and EBL will issue demand drafts to their respective ...
BT to hire more people in India
NEW DELHI: Global communications major BT on Tuesday said it would be expanding its operations in India by hiring more people and upgrading its infrastructure to take its revenue from the sub-continent to $250 million by 2009. “Apart ...
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