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New UTIMF board to resume CEO search

The four public sector sponsors of UTIMF have decided to recast the board of the company with their own representatives…

Sensex crashes 704 pts, 4.13%

With US Federal Reserve chairman Ben Bernanke not announcing any big stimulus for the US economy and, in fact, cautioning…

Shady moves in FCCB buybacks

Faced with acute redemption pressures on foreign currency convertible bonds issued between 2005 and 2008, a clutch of Indian corporates…

R plunges most in 15 yrs to 49.58

In its biggest fall in 15 years, the rupee fell steeply against the dollar on Thursday, piercing the 49-mark, with…

Orissa seeks R2,120 crore in flood relief

The Orissa government on Thursday submitted a memorandum to the central government seeking financial assistance of R2,120.92 crore for relief…

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