Financial Express - India's leading business newspaper from the Indian Express Group

ONGC to press diversification claim with `navratna' directors

ONGC will bring up the issue of diversifying into key petro-related areas with its navratna directors during the next few weeks. This is being done so that these government-nominated experts can convince the ministry of petroleum and natural gas.

Nicholas Piramal defers $100mn ADR issue

Pharmaceutical major Nicholas Piramal India Ltd on Sunday it has deferred its proposed 100 million dollar American Depository Receipts (ADR) issue on account of depressed US market conditions.

Nath Seeds' GM-tomatoes to stem the rot

Life for the Indian tomato may never be the same again. And for those who view genetically modified (GM) crops as modern-day Frankenstein, it may be worth a rethink because tomatoes may now on be stored like potatoes - sans refrigeration and for weeks on end.

Mauritius group to set up trustee firm with IDBI

Principal Financial Group of Mauritius is setting up a trustee company along with IDBI which will act as a trust to the IDBI Mutual Fund. Both Principal Financial Group (Mauritius) Ltd and IDBI will hold 50 per cent each in the trustee company.