IT Update
FII inflows cross Rs 5,000 cr on US slowdown, Fed rate cut Amidst all the bad news about the devastating earthquake, the additional surcharge and the brokers' registration fees, there is some rather good news for the stock market. VSNL, CMC hit 16% upper circuit Can stock markets help the government get rich? The answer is yes, if one goes by the stock price movement of most of the public sector companies on Friday. FIs frame new norms for debt revamp of steel firms Financial Institutions led by ICICI are in the process of issuing a standard guideline on debt restructuring for integrated steel manufacturers, whose projects have been plagued by heavy debts. Duncan Goenka to get tough on group companies The Rs 3000-crore Duncan Goenka group, which has interests in tea, fertiliser, infotech and cement, has decided to crack down on its group companies if they deviate from their budgets. Phone bidders still enthusiastic On the fifth day after the guidelines for the fixed telephone service providers were announced, the total tally of the applicants for the licences stood at 89.
FII inflows cross Rs 5,000 cr on US slowdown, Fed rate cut
VSNL, CMC hit 16% upper circuit
FIs frame new norms for debt revamp of steel firms
Duncan Goenka to get tough on group companies
Phone bidders still enthusiastic