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Financial sector reforms high on Subbarao’s agenda
The reforms should promote inclusive growth through easily accessible financial services

Rights issue processing time to be reduced to 60 days
CHENNAI: In a market-friendly move, the Securities and Exchange Board of India (SEBI) has decided to reduce the time limit taken for processing rights issue from 109 days to 60 days, said its Chairman C. B. Bhave on Tuesday. Addressing ...

Vasan impresses States to modernise statistical system
NEW DELHI: Minister for Statistics and Programme Implementation G. K. Vasan on Tuesday called for strengthening the country’s data collection mechanism and noted that the Centre’s initiatives aimed at according stability and ...

Vedanta creates 3 commodity verticals
Plans Rs. 75,000 crore capex; will be among top five global aluminium producers

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Barometer


Briefly
Chennai to host Taitronics India 2008
CHENNAI: A three-day international exhibition on electronics industry, Taitronics India 2008, will be held at Chennai Trade Centre here between September 11 and 13. Taitronics India will be the one place where buyers can get briefed on the ...

Reliance to sell fuel in London, Singapore
NEW DELHI: Reliance Industries on Tuesday said it had trading subsidiaries in London and Singapore to market fuel produced from its export oriented refineries at Jamnagar. The move is to tap the emerging opportunities in global markets of ...

IDBI Fortis collects Rs. 100 crore premium
CHENNAI: IDBI Fortis Life Insurance has collected a premium of Rs. 100 crore in five months. The company has issued 25,428 policies and insured for Rs. 827 crore as on August 31, according to a release. The company is a recently launched joint ...

Corporation Bank launches travel card
BANGALORE: Corporation Bank, in association with JP Morgan and Visa, has launched a prepaid card for international travellers. Speaking at the launch, B. R. Bhat, General Manager of the bank, said the pre-funded card would provide flexibility ...

NHB to mobilise funds from fixed deposits
NEW DELHI: For the first time, housing finance regulator National Housing Bank (NBH) will raise money through fixed deposits from the retail investors. “We are studying the market condition. We will launch fixed deposit products ...

Wipro Tech joins Power Forward Initiative
BANGALORE: Wipro Technologies has joined Power Forward Initiative, an association of 30 companies globally to promote low power designs related to information technology appliances. Wipro has adopted the Common Power Format, a low-power ...

V-Guard to set up amusement park in Mumbai
CHENNAI: Wonderla Holidays, promoted by the V-Guard group, will be setting up an amusement park in Mumbai. According to Arun K. Chittilappilly, Managing Director of the company, the project would be located in Mumbai-Pune Highway over 110-120 ...

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