UTI AMC to be first to file IPO papers

NI Wire,    Fri, 11 Jan 2008
Unit Trust of India (UTI), the oldest and second largest mutual fund is going to be the first Asset Management Company (AMC) to introduce its first Initial Public offer in the market. For this UTI AMC has filed the Draft Red Herring Prospectus before

Economists favour no deduction in direct tax rates

NI Wire,    Thu, 10 Jan 2008
?Taxes should not be cut because of fiscal stress?, advised economic experts to Finance Minister P Chidambaram before beginning a pre-budget session in the parliament. In a group meeting of financial and economic experts includes top

Ratan Tata drives Rs 1 Lakh car to reality

NI Wire,    Thu, 10 Jan 2008
From now onwards life on the Indian road would tell a different story unlike earlier one when four on a scooter used to give frown on traffic police eyes and giggle to the onlookers. After all that buzzing sounds finally ?The Nano? arrived today at

Supreme Court rejects PIL against Reliance IPO

NI Wire,    Thu, 10 Jan 2008
Anil Ambani has got a huge relief from the Supreme Court?s decision to rebuff the Public Interest Litigation filed by a Gujarat based investor association and Non-government organisation to hurdle the forthcoming Reliance Power IPO.

Reliance Power IPO to hit market on Jan 15

NI Wire,    Sat, 5 Jan 2008
A very much-awaited shares of Reliance Power Limited is going to hit the market from January 15 in the form of Initial Public Offers and likely to be listed on the bourses from the first week of February, announced by the Anil Dhirubhai Ambani in a

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