The Telegraph
Since 1st March, 1999
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Business Briefs

Sebi in Lankan pact

Mumbai, Jan 24: The Securities and Exchange Board of India (Sebi) has signed a pact with its Sri Lankan counterpart, the Securities and Exchange Commission, for greater bilateral co-operation to effectively regulate and develop the securities and futures market. The MoU was signed in Colombo yesterday.

Bangur bail

Calcutta, Jan. 24: A special CBI judge today rejected bail prayers of former Bank of Rajasthan director Keshav Bangur and former chairman of now-defunct Prudential Capital Market Vinod Baid in connection with alleged embezzlement of over Rs 100 crore from the bank in 1996 and remanded them in 14 days’ judicial custody.

Damodaran role

New Delhi, Jan. 24: M. Damodaran is likely to head the new market value based UTI Mutual Fund, promoted by LIC and three leading banks, after the new fund becomes operational from February 1.

Nasscom view

New Delhi, Jan. 24: The Indian software industry is “on track” to achieve 30 per cent exports growth target to touch about Rs 48,000 crore during the current fiscal said Nasscom president Kiran Karnik.

Bayer plan

Mumbai, Jan. 24: Bayer (India) has decided to sell off assets of the household insecticides business of the company's consumer care division to focus on its core activities.

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