NATIONAL RBI prohibits OCBs from making any fresh investment
Mumbai: As a fall out of the securities scam, Reserve Bank of India (RBI) on September 16 derecognised the Overseas Corporate Bodies (OCBs) as a "class of investor" and prohibited them from making fresh investments under any route, including foreign direct investment (FDI).
BSE: SENSEX bounces back on fresh buying
New Delhi: Government on September 16 said the Supreme Court decision halting disinvestment of Hindustan Petroleum Corporation Limited (HPCL) and Bharat Petroleum Corporation Limited (BPCL) unless there was a Parliamentary approval, would have far-reaching consequences on the sell-off process.
SC order to prove costly for divestment: Shourie
New Delhi: Government on September 16 said the Supreme Court decision halting disinvestment of Hindustan Petroleum Corporation Limited (HPCL) and Bharat Petroleum Corporation Limited (BPCL) unless there was a Parliamentary approval, would have far-reaching consequences on the sell-off process.
INTERNATIONAL 'Indian services sector helped S Asia buck downturn'
Washington: Led by the Indian services sector, private enterprises helped South Asia buck the global economic downturn and maintain annual growth at around five per cent, the International Finance Corporation (IFC) has said.
