Financial Express - India's leading business newspaper from the Indian Express Group

Sebi plans steps to streamline MF industry

SEBI on Thursday said it was planning a series of steps to streamline the mutual funds industry. Among the measures being contemplated are a standardised format for the publication of mutual funds.

Tata consortium to bid for 40% AI stake

The House of Tatas has announced that a Tata-led consortium will bid for the 40 per cent stake being disinvested by the government in Air India.

Committee throws out ONGC's Bina refinery foray, seeks global counsel

The executive committee of the ONGC has shot down the PSU's proposal to take a stake in the Bina refinery being promoted by Bharat Petroleum Corporation and Oman Oil.

Rupee-rouble pact hurts ties with Russia -- Sinha

Union Finance Minister Yashwant Sinha on Thursday called for a fresh look at the rupee-rouble agreement between India and Russia reached way back in 1993, as the agreement had unfortunately become a hindrance for expanding bilateral economic ties.

Overseas investments by MFs likely to be widened

The issue of allowing mutual funds to invest overseas in instruments other than the currently-permitted ADRs and GDRs of Indian companies has once again returned to the frontburner.

Hotel Corp pegs combined worth at Rs 2,500 crore

Hotel Corporation of India (HCI) puts its combined worth at Rs 2,500 crore. This valuation will include the worth of the land, various club facilities and flight kitchens of the corporations.