Refco clears air

Mumbai, Oct. 16: Refco Sify Securities India Pvt Ltd today said its operations remain unperturbed and is not affected by the developments at Refco group in the US. It also said no funds would be remitted to any of the Refco group's overseas entities. ?Refco Sify is a distinct legal entity in India with local investment of 30 per cent by Sify Limited, which has two nominees on the board of Refco Sify,? company managing director Vineet Bhatnagar said.

FII move

Mumbai, Oct. 16: Foreign Institutional Investors (FIIs) have turned net sellers offloading shares worth Rs 1,000 crore in the last nine trading days after pumping in about $8.6 billion dollars (Rs 37,500 crore) into the Indian equity markets during the January-September period, according to Sebi data.

Auto exports

New Delhi, Oct 16: Automobile exports grew by 35.87 per cent at 4,06,880 vehicles in the first six months of the current fiscal against 2,99,470 in the same period last fiscal, according to the Society of Indian Automobile Manufacturers (siam)

PDS revamp

New Delhi, Oct. 16: The government will launch tomorrow a project to radically revamp the PDS kerosene distribution network to make the heavily subsidised cooking fuel available to intended beneficiaries and check its diversion.