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BUSINESS
No early exit for investors in close-ended mutual fund schemes
All such schemes must be listed on the stock exchanges, says SEBI Chairman

Inflation at 7-month low
NEW DELHI: The rate of inflation dipped further to 8.40 per cent for the week ended November 22 from 8.84 per cent in the previous week on account of lower prices of non-administered fuel products and certain manufactured food items even as ...

Other Stories



Barometer


Briefly
Foundation laid for steel processing unit
WAZIRGANJ (BIHAR): In the series of Steel Processing Units (SPUs) being established by Steel Authority of India Limited (SAIL), with a view to making steel easily available in various parts of the country, the foundation for the seventh SPU ...

Wockhardt gets U.S. FDA nod for Augmentin
MUMBAI: Wockhardt said its U.S. subsidiary, Morton Grove Pharmaceuticals, received U.S. FDA approval to market Augmentin suspension, a paediatric drug. The drug is used to treat several common infections, especially in children. The company ...

Sundaram Ind., Bridgestone to form venture
CHENNAI: Sundaram Industries Limited (SIL) and Bridgestone, Japan, (BSJ) have reached an agreement regarding a strategic joint venture to manufacture automotive anti-vibration products in India whereby SIL will transfer its existing domestic ...

Timken to supply bearings to Indian Railways
BANGALORE: Timken Company has secured an order worth $16 million (about Rs. 80 crore) from the Indian Railways for the supply of bearings for use in passenger and freight trains. — Special ...

CtrlS Data gets Rs. 250-crore PE funding
HYDERABAD: CtrlS Data Centres, pioneers in Tier-IV data centres in India, has announced that it received Rs. 250 crore of investment from a private equity (PE) player which would be used for expanding the data centres to three more cities in ...




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