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BUSINESS
Foreign direct investment norms further relaxed
New areas such as commodity exchanges and aircraft maintenance inlcuded

Close ended MF schemes: SEBI prunes issue expenses
MUMBAI: The Securities and Exchange Board of India (SEBI) board on Wednesday approved the proposal for removal of charging and amortisation of initial issue expense in close-ended mutual fund schemes. Accordingly, henceforth, all mutual fund ...

Volvo bus unit on stream
Joint venture with Jaico Automobiles implements the project

‘IT is time India joins the global e-conomy’
Forty million Net-enabled; 20 million broadband connections by 2010: Government

NTC to revive entyce
COIMBATORE: The National Textile Corporation plans to give a fillip to its retail marketing by developing new brands and reviving the exiting ones. K. Ramachandran Pillai, Chairman and Managing Director, told reporters here on Wednesday ...

IOB’s Q3 net up
CHENNAI: Indian Overseas Bank (IOB) has reported a net profit of Rs. 308.18 crore for the quarter ended December 31, 2007, up from Rs. 246.78 crore in the corresponding period in the previous year. For the nine months ended December 2007, the ...

Sensex extends losses
MUMBAI: The stock markets continued to be bearish with the benchmark Sensex of the Bombay Stock Exchange extending its losses for the third straight day by paring over 300 points due to global weakness and in the absence of any major ...

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