Kothari IT fund NAV spurts 21%
The current rally at the IT counters has seen the net asset value of Kothari Pioneer Infotech Fund rise by 21% in less than a month. The NAV, which was below par at Rs 9.72 on November 30, climbed to Rs 11.74 on December 23.

Joint venture with Hitachi augurs well for Amtrex Appliances
Hitachi Limited's move to pump in Rs 16 crore in Amtrex Appliances could not have come at a better time. With the aircon industry growing at an average rate of over 20%, there is still some room for growth for Amtrex.

Treat venture capital fund as FII, says Mehta
Sebi chairman DR Mehta has called for harmonisation of the Sebi regulations on venture capital funds, the CBDT (Central Board of Direct Taxes) guidelines on venture capital funds and the guidelines of ministry for overseas investment.

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