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EPFO may float SPV for investment in equities
THE Central Board of Trustees of the Employees' Provident Fund Organisation is likely to consider floating a special purpose vehicle (SPV) through which a portion of the organisation's corpus could be invested in equities. The move follows the ...
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Markets slip further, Sensex sheds 91 points
WEAK global markets coupled with tensions about margin calls because of the bank holiday on Monday, saw the bourses slip further in the red. Stock markets opened weak and but for a small spell of recovery, remained tepid throughout the trading ...
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India, Pakistan agree to enhance economic, commercial cooperation
INDIA and Pakistan today agreed that enhanced economic and commercial cooperation would contribute to the well being of the people of the two countries and result in a higher level of prosperity for the region. A joint statement issued at the ...
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Petrol pumps observe strike as talks fail
PETROL pump owners across the country went on a day-long strike on Monday after repeated attempts to convince the Government for increasing the commission on sale of petrol and diesel met with little success. The Federation of All-India ...
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Govt mulls controls on sting operations
THE hidden camera might not be allowed to sting at the `wrong places' and at the `wrong time' anymore. Shaken by a series of embarrassing exposes through `sting operations' by news channels, the Information and Broadcasting (I&B) Ministry is ...
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Ministries still to agree on mode of divesting in OIL
OIL India Ltd (OIL) may have to wait a while before it is able to come out with an initial public offering (IPO). The differences between the Ministry of Petroleum and Natural Gas and the Ministry of Finance are yet to be sorted out. "We have ...
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Lenders reluctant to fund gas-based power projects
LENDING institutions including Power Finance Corporation (PFC), ICICI and IDBI, among others are increasingly reluctant to fund gas-fired power projects. They seem more willing, however, to back coal-fired projects, even if these use imported ...
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No barriers for visually challenged Nafisa
SHE rubs shoulders with the best in foreign exchange trading, bill discounting and corporate dealings. On a regular day, she transacts forex to the tune of $4 million. Meet Ms Nafisa Buhariwala, a visually challenged banker - a manager with ...
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