Around 60 per cent of Indian
investments in Europe goes to the UK. Nearly a 100 Indian infotech,
communications and technology companies have set up business
in the UK with India emerging as the top 10 investors there.
Reacting fast to the favourable
order from the Securities Appellate Tribunal, the board of directors
of Sterlite Industries Ltd on Tuesday decided to go ahead with
the share buyback that was stalled by the order of Securities
and Exchange Board of India.
A top official of International
Finance Corporation has said that the institution’s exposure
to the two new generation domestic private sector banks — Global
Trust Bank and Centurian Bank — is turning sticky.
