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BSE IPO Index rises 5% in first week of launch
The Bombay Stock Exchange"s (BSE) newly launched IPO Index, that tracks the value of companies for the first two years after listing on the bourse, rose by 5 per cent during the first week of its introduction.

RBI to seek Dubai World exposure details from banks
The Reserve Bank of India (RBI) on Friday said it would ask banks to furnish details of their direct and indirect exposure to Dubai World, the beleaguered Dubai government-owned holding company which asked for more time to repay its debt.

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Gill, Mallya differ widely over Formula One
Barely a day after Force India’s historic podium finish at the Belgian Grand Prix, a war of words broke out between Sports Minister M S Gill and Vijay Mallya on the government’s refusal to acknowledge Formula One as a sport.
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Reliance Big TV evaluating proposals for stake sell

Anil Ambani"s Reliance Big TV today said it was evaluating proposals for diluting stake even as it has earmarked around Rs 600-crore investment in the current fiscal for expansion. - Rel BIG TV expands its channel bouquet - Reliance Big TV plans to divest 49% in DTH arm - Big TV rolls out rural Andhra campaign - Mallya plans to sell 49% stake in Whyte & Mackay - Adlabs lines up Rs 150 cr capex, eyes net profit in FY 10 - R-Infra may partner Maytas for Hyd Metro project Reliance Communications President Mahesh Prasad said here, "We are evaluating proposals for diluting stake." Declining to give further details, he said the move (proposal of selling stake) was not initiated by the company. The 11-month-old Reliance Big TV is close to touching 2 million customers and hopes to reach the 3 million-mark in the current fiscal, Prasad said. Reliance would invest between Rs 500 crore and Rs 600 crore in the current fiscal, he said, adding the investment would commensurate with the growth in the consumers" base.


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