Beware of fly-by-night IT firms -- Analyst
Despite the gains in software share prices, investors must be cautious while putting their money in some companies that have sprung up of late with the aim of riding this boom, market analysts say.

Reserve Bank may not ease curbs on forex trading
The Reserve Bank of India (RBI) is unlikely to ease restrictions on re-booking of cancelled foreign exchange import contracts, a top source at the central bank said on Friday.

Sidbi venture capital fund bags Sebi nod
The National Venture Capital Fund for Software and IT (NFSIT), a Rs 100-crore venture capital fund (VCF) promoted by Sidbi, IDBI and the department of electronics, has been registered with Sebi.


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