Usha Beltron $11.38million GDR issue fully subscribed
Usha Beltron Ltd, the flagship of the Usha Martin group owned by the Jhawars, has completed the placement of 35,00,000 GDRs at a price of $3.25 each, according to a release of the Calcutta-based company.

Dundee's Indian business will eventually overtake home operations, says CEO
Predicting a major boom in the mutual funds industry, Dundee Bancorp Inc of Canada believes that its Indian business could eventually dwarf its operations in home country Canada.

Principal financial group sets plans to go public through demutualisation
Principal Financial Group, all but conceding that a once-vaunted but contentious hybrid corporate-ownership structure is not as workable as the industry once hoped, announced Thursday plans to go public through a


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