The Central government on Friday
assured that there would be no compromise on security in the
strategic sale of Air-India (A-I) and the disinvestment process
in public enterprises would be “as transparent as possible.”
The
increase in asset under management (AUM) of the mutual fund
industry by Rs 1,016 crore has been mainly due to increased
inflows of Rs 2,036 crore in liquid/money market mutual funds
(MMMFs) during the month of July.
The
Mumbai High Court, in an interim injunction, on Friday granted
Life Insurance Corporation of India’s (LIC) prayer not to transfer
its holding in Modi Rubber Ltd (MRL) for open offer by company’s
promoters BK and VK Modi until final orders.
Leading think tank Bibek Debroy
has dispelled the prevailing gloomy outlook of the economy,
saying that the macro fundamentals, excluding a slowdown in
the exports, were as strong as ever.
