FreePress India

The Board of Directors of Satyam-linked construction company – Maytas Infra has accepted the resignations of three directors at a meeting held on Friday. C.S. Bansal, R.C. Sinha and P.K. Madhav have resigned from the board but Bansal continues to hold the position of President- Transportation and Oil and Gas Sector. B Narasimha Rao was … Read more Maytas Infra board accepts resignation of three directors

A Hong Kong-based journal Asia Asset Management has named Reliance Capital Asset Management Company, which manages Reliance MF schemes, as the best fund in the country for 2008 as it has maintained its growth trajectory even in the midst of the ongoing global economic crisis. Largest in terms of asset, Reliance Mutual Fund manages a … Read more Reliance MF named India’s best fund house

State Bank of India’s move to offer home loans at as low as 8% is set to start a new price war in the home loan market. The fact that bank will allow borrowers to switch to itself after foreclosing existing loans may have strong impact on other banks’ business. As a result, many other … Read more SBI cuts Home Loan + Allow Switch

The Securities and Exchange Board of India (SEBI), at its board meeting today, is expected to take up the proposal of waiving the open-offer pricing rule for potential buyers of scam-hit Satyam Computer Services. Prospective bidders for Satyam including Larsen & Toubro (L&T), iGate and HCL have sought an exemption from the current open offer … Read more SEBI meet to discuss Satyam offer price

With an aim to enhance its overseas presence, state-run major general insurer Oriental Insurance Company (OIC) is planning to roll out an an office in Doha, the capital city of Qatar, by next couple of months. The company has already obtained approval from the regulatory body, Insurance Regulatory Development Act (IRDA), while it is wating … Read more Oriental Insurance to roll out an office in Doha soon