Remembering Aditya Vikram Birla
Aditya Vikram Birla's family, at a quiet function in Mumbai yesterday, shared vignettes from the life of one of the greater Birla scions with the rest of the world. He was one who chose to ignore a far-from level playing field, and sought to create for himself a global enterprise.
Green Guide
Coloured effluent discharge has long been a problem in the textile dyeing industry. The ever-increasing cost of water and the attentions of the environmental lobby has served to concentrate the minds of many company owners. The use of reactive dyes has added to the problem.
Team work is a vital ingredient
Prince Singhal's keen interest in organising cultural shows during his college days blossomed into an enterprise when he took a plunge into the event management business. With a modest beginning in 1994, Singhal now heads Young Communications, a Delhi-based company with an annual turnover of Rs 25 lakh. Singhal finds his business an interesting mix of lucre and creativity.
Realty bites prompt builders to hardsell
Falling property prices and a wary investor on the look out for a further drop in rates have forced builders and real-estate brokers to come out with marketing ideas and freebies to woo customers.
Reserve Bank mops up Rs 8,364 cr through fixed rate four-day repo
The Reserve Bank of India (RBI) mopped up Rs 8,364 crore through the fixed rate four-day repo. This is the highest amount mopped up by the apex bank since the introduction of repos in December 1996. It also pierces the Rs 8,000 crore barrier in repo mop up for the first time. The previous highest was Rs 7,495 crore on April 7, 1998.
SEC clears new circuit-breaker trigger levels
The Securities and Exchange Commission (SEC) said on Friday it had approved new circuit breaker trigger levels for one-day declines of 10, 20 and 30% in the Dow Jones Industrial Average.The new levels, which go into effect on April 15, were proposed by the securities exchanges and the National Association of Securities' Dealers to modify their rules on cross-market trading halts during extreme market volatility.
