IT Update
IRDA chalks out stiff reinsurance norms IRDA has issued stringent guidelines for the domestic reinsurance market. The draft guidelines has said IRDA would set up a National Re, which will be the central reinsurance body for the domestic market after due consultations with the Government. Tech stocks propel Sensex 112 points A combination of institutional and speculative buying saw the Sensex surging 111.45 points on Friday. Led by technology stocks, the markets showed a strong trend with substantial volumes. StanChart, ANZ Investment to arrange $100m loan for PFC The foreign currency syndicated loan market is showing signs of revival after a two-year lull. ANZIB and StanChart will jointly arrange and syndicate a five-year $100 million foreign currency loan for the PFC with a three-year `put' option priced at 45 bps over Libor. Centre allows ADR-,GDR-linked staff options for local IT firms' subsidiaries The Government has extended the ADR-/GDR-linked stock options to employees of the subsidiaries of domestic information technology companies. Soros alters style, carving out a role for son A Mr. Soros is again going to take an active role in the hedge-fund game. Only it is Robert Soros, not his father, George.
IRDA chalks out stiff reinsurance norms
Tech stocks propel Sensex 112 points
StanChart, ANZ Investment to arrange $100m loan for PFC
Centre allows ADR-,GDR-linked staff options for local IT firms' subsidiaries
Soros alters style, carving out a role for son