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Foreign investors can invest up to $10 b in MFs
The ceiling is subject to review depending on the response

Toyota enters compact car segment with Etios Liva

EPFO-like body for small sector on anvil
NEW DELHI: Seeking to address the concerns of the small scale sector, the Department of Policy and Promotion (DIPP) is planning to come out with a strategy paper to evolve a framework for a privately-run body on the lines of the Employees' ...

GAIL seeks exemption from payment of fuel subsidy
NEW DELHI: State-run GAIL (India) on Monday said it had urged the government to exempt it from payment of fuel subsidies as it does not get any upside from rise in crude oil or natural gas prices. GAIL, along with Oil and Natural Gas ...

Birla Corp to expand capacity
KOLKATA: Birla Corporation Limited (BCL), the flagship company of the MP Birla Group, is planning to increase its cement production capacity to 9.3 million tonnes, including the 1.20 million tonnes proposed capacity increase at Chanderia ...

Bridgestone plans more concept stores
ERODE: Tyre and rubber manufacturer Bridgestone plans to expand its concept stores in India, its Managing Director Hiromi Tanigawa said here on Monday. Inaugurating ‘Bridgestone select super' here, he said the company had ...

Birlas exit McNally Bharat
KOLKATA: The C. K. Birla Group will no longer be associated with McNally Bharat Engineering Company (MBEC), an outfit in which it once shared an equal holding with the B. M. Khaitan group. MBEC is an engineering and project construction ...

Airtel launches video calling service
NEW DELHI: Bharti Airtel on Monday launched the international video calling service for its 3G customers. “Airtel 3G mobile customers will now be able to leverage Airtel Internet on 3G to make international video calls and interact ...

India-New Zealand FTA likely by 2012
NEW DELHI: Visiting New Zealand Prime Minister John Key, who arrived here on Monday on a three-day visit, said that India and New Zealand were likely to sign the Free Trade Agreement (FTA) by early next year. Mr. Key, who will hold talks ...

Other Stories


Grasim resumes operations at Nagda plant
Grasim Industries on Monday said its plants at Nagda in Madhya Pradesh have resumed operations following the onset of monsoon and the arrival of water in the Nagda reservoir. Production is expected to be restored at full capacity by June 30, ...

HCL Tech partners Finzsoft Solutions
HCL Technologies has extended its global partnership with New Zealand finance and banking specialist and one of Australasia's leading proprietary banking and finance software solution companies, Finzsoft Solutions, to deliver new high value ...

HTC launches tablet Flyer
HTC on Monday launched its tablet Flyer priced at Rs.39,890. The tablet from Taiwanese handset maker comes with seven-inch touch screen and is equipped with 1.5GHz Qualcomm Snapdragon processor. It has 1GB of RAM and an in-built memory of 16GB ...

Fidelity expands online service offering
Fidelity Mutual Fund has expanded its online service offering by allowing Visa debit card holders of 27 banks to purchase Fidelity funds through Fidelity Online ( This facility in India has been enabled through the ...

Estilo set to touch 2-lakh sales mark
Maruti Suzuki Estilo has emerged as a strong brand in Maruti Suzuki portfiolio. Powered by fuel efficient and state-of the-art K-10 engine, the Estilo has posted a growth of over 25.4 per cent in the last financial year. It is all set to ...

Morf India introduces RO purifiers
Morf India has launched Microshield cartridges, a cutting-edge product to keep the Sparkle RO-purified water safe and free from bacterial recontamination for a full 48-hour period after purification. The company has entered into an ...

R.P.P. Infra launches Sri Lankan venture
R. P.P. Infra Projects, engaged in infrastructure development, has announced the starting of a new venture in Sri Lanka, R.P.P. Infra Projects (Lanka) Ltd. to execute a housing project for internally displaced people. Recently it won a ...

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