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Popular Articles

President's chopper hits cement wall, nobody hurt
President Pratibha Patil had a narrow escape today when the blades of an Indian Air Force helicopter in which she was travelling hit the cement wall of an abandoned building inside the Bhubaneswar airport while landing. The President was returning from Puri after having a darshan of Lord Jagannath and inaugurating an urban haat there.

Welspun Gujarat raises $250 mn via QIP, FCCB issue
Pipe manufacturer Welspun Gujarat Stahl Rohren today said it has raised $250 million (over Rs 1,100 crore) by way of institutional placement of shares and bonds issue.

News of the day

JP Morgan to pay $29 bn in salaries, bonuses: report
World"s biggest banks will pay out more than $65 billion in salaries and bonuses over the next fortnight, with banking conglomerate JP Morgan Chase alone likely to shell out a record $29 billion, barely a year after the bailout of the banking system.
Small Business

No seperate exchange for SMEs, says Sebi

The market regulator Securities and Exchange Board of India (Sebi) today said that there is no need to have seperate exchange for small and medium enterprises (SMEs). After the board meeting, Sebi Chairman C B Bhave said, "It does not have to be separate exchange for SMEs." Jan cement sales in high double-digit He further said, "Companies with less than Rs 25 crore to be classified as SMEs and should be 100 per cent underwritten." He also said SMEs need to declare only half yearly results instead of quarterly.


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