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MFs gear up for commodity products — Exercise may begin with gold; SBI Mutual submits draft offer
MUTUAL funds that invest in commodity derivatives are almost at investors' doorsteps. Several fund houses are in the process of finalising products for launching their commodity funds. In fact, SBI Mutual Fund has already submitted a draft offer ...
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Fund houses rush to meet investor base deadline
WITH barely three weeks left for the deadline, fund houses are scrambling to fulfil SEBI's requirement of a minimum of 20 investors in all their funds. The Securities and Exchange Board of India, through a notification issued in December 2003, ...
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Anil's posers to Mukesh on RIL control
THE fight between the two Ambani brothers intensified on Wednesday with Mr Anil shooting off five questions to Mr Mukesh on the controversial issue of management control of Reliance Industries Ltd (RIL), which indirectly gives control over the ...
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RBI cancels Prudential Bank's licence; liquidator takes over
EVEN as over 1.84 lakh depositors of Prudential Bank were awaiting repayment of over Rs 275 crore of their hard-earned savings for the last couple of years, the Reserve Bank of India has cancelled the licence of the city-based ailing urban ...
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DoT says Tatas delaying demerger of VSNL land
THE Department of Telecommunications (DoT) has accused the Tata management of not taking any measures towards hiving off the surplus land belonging to Videsh Sanchar Nigam Ltd (VSNL) into a separate entity. DoT said the Tatas were violating ...
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Komal Chhabria in fray for SWC liquor biz
MS Komal Chhabria Wazir is on the move to keep Shaw Wallace & Co (SWC)'s liquor business within the Manu Chhabria family fold. The 33-year-old second daughter of the Chhabria estate is attempting a leveraged buyout of the country's second-largest
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IBM's Pondicherry facility to come under new entity
As part of the deal with Lenova, IBM's manufacturing facility in Pondicherry will become a unit of the new entity. According to an IBM spokesperson, the marketing team of IBM India will also be moved over to Lenova. IBM has nearly 200 ...
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