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Credit information bureaus trip on new FDI norms
The new Foreign Direct Investment (FDI) norms, which stipulate changes in the way foreign investment in a domestic company is calculated, have put a roadblock in the path of credit information bureaus, which are eager to rope in private sector banks as investors.

BHEL sets up transformer manufacturing unit at Bhopal
State-run Bharat Heavy Electrical (BHEL) today said it has set up a new transformer manufacturing facility at Bhopal in Madhya Pradesh.

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Steel pipe sector looks to grow 25% on demand from developed nations
The Rs 15,000-crore steel pipes industry is set to grow 20-25 per cent in the next 3-4 years following massive investment laid out on energy security by the governments of developing economies. Developed economies require a change in existing pipelines that were installed over 25 years ago and demand is likely to emerge from various sectors of global economies.
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Crack down on bogus education agents, Australia tells India

Australia will ask New Delhi to crack down on the unscrupulous education agents in India who give misleading information to students willing to pursue studies in the private institutes Down Under. - Insurance agents' fee to fall - Dubious Aussie colleges ruin lives of young Indians: Krishna - The best time is here to buy a car - Travel firms feel early summertime blues: Few takers for packages - Share transfer agents under Sebi scanner - TAAI to stop selling packages to S"pore Deputy Prime Minister Julia Gillard will take up the issue with the Indian government during her visit to New Delhi next week. During her visit, Gillard would meet Prime Minister Manmohan Singh, Human Resource Development Minister Kapil Sibal and Minister of Overseas Indian Affairs Vailar Ravi. "She will strongly take up the issue of unscrupulous agents. She will ask for a mechanism to control them," a senior government official said here. There are over 500 agents in India working for education providers of Australia. "They are supposed to give correct information on educational institutions," the official said. According to India"s Deputy High Commissioner V K Sharma, there is a nexus between the education agents and doggy colleges in Australia. The agents give a rosy picture to students about the private institutes and persuade them to come to Australia. However, the students discover the pathetic affair of institutes after they arrive here, he said.


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