The Telegraph
Tuesday , February 12 , 2013
Since 1st March, 1999
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Business Briefs

Quiet start on MCX-SX

Mumbai, Feb. 11: The newest equity exchange MCX-SX today commenced operations and clocked a turnover of Rs 12.53 crore. However, its benchmark index SX 40 did not debut today and may go live in a fortnight as it is waiting for more traction to take the index live, an exchange official, who did not want to be named, said.

Diageo offer

New Delhi, Feb. 11: Global liquor giant Diageo has requested Sebi to allow it to launch an open offer for purchase of shares in United Spirits only after receipt of all regulatory approvals. While granting its approval, Sebi has said Diageo will have to pay an interest of 10 per cent per annum for the period of delay to the shareholders.

EPFO meet

New Delhi, Feb. 11: The meeting of retirement fund body EPFO’s apex decision making panel — the Central Board of Trustees — has been rescheduled to February 25. The meeting is likely to fix the rate of interest for its subscribers for this fiscal.

Syndicate Bank

Mumbai, Feb. 11: Syndicate Bank has cut its base rate by 0.25 per cent to 10.25 per cent with effect from February 13. The bank revised downward its benchmark prime lending rate to 14.50 per cent.

Vibgyor plans

Calcutta, Feb. 11: Vibgyor Vehicles plans to invest Rs 100 crore in the next three years to augment production capacity.