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

FII inflows surge past $500m in February

Net FII investments have crossed the $500-million mark in the current month, which translates into the largest inflow in a single month in the last one year. The renewed interest in the Indian markets has also attracted fresh FII registrations taking the total to 503 to date.

Banga named HLL chief, Dadiseth heads for UK

In a significant reshuffle of the top functionaries at Hindustan Lever Ltd (HLL), chairman Keki B Dadiseth will be replaced by Manvinder Singh `Vindi' Banga -- the former director of HLL's detergents business -- with effect from May 1, 2000.

Larsen & Toubro arm to set up nationwide Net backbone

Engineering major Larsen & Toubro (L&T) is ready to take a big leap into the business of Internet infrastructure. L&T Communications, a wholly-owned subsidiary of L&T, is building up the first-ever private sector-controlled IP (internet protocol) backbone across the country.

Sinha must focus on long-term growth

The Union budget 2000-01 will be presented in the backdrop of a peculiar economic situation. On the one hand, the economy has begun to recover from the slowdown it had witnessed over the last two years, while on the other, the state of the central exchequer is extremely fragile and could very well dampen the growth prospects of the economy.