Sebi prop for FPIs

New Delhi, March 15: Market regulator Sebi today allowed foreign portfolio investors to invest in newly-launched products - real estate investment trusts, infrastructure investment trusts and alternative investment funds - and also permitted them to acquire corporate bonds under default.

Wipro director

New Delhi, March 15: Wipro today said it has appointed technologist and venture capitalist Patrick J. Ennis as an independent director to its board. Ennis's appointment is effective April 1.

Interest tweak

Mumbai, March 15: The RBI has asked banks to pay interest on savings bank accounts on a quarterly basis or shorter duration, a move which will benefit crores of savings account holders.

Zee buy

New Delhi, March 15: Media company Zee Entertainment Enterprises today said it will fully acquire aviation company Fly By Wire for a total consideration of Rs 61.25 crore in an all-cash deal.