Atul Choksey picks controlling stake in Infoway Solutions
The former Asian Paints co-promoter and managing director Atul Choksey has finally announced his much-expected foray into the software industry. Choksey has taken a controlling stake in the Bangalore-based Infoway Solutions, a start-up venture promoted by Ajay Chakravorty, the former chief executive officer (CEO) of PCL Mindware.

Arm SEBI to deal with plantation companies, says Dhanuka panel
The Dhanuka Committee has recommended the issue of an ordinance to empower the Securities and Exchange Board of India (SEBI) to regulate plantation companies. The panel has emphasised the need to issue an ordinance with a sense of urgency to curb the growing evil emanating from collective investment schemes.

Banks to sell RIB to depositors to offset erosion in FCNR(B) corpus
In a curious turn of events, banks are hoping to compensate for the likely erosion in FCNR(B) corpus -- as depositors are expected to swing towards the Resurgent India Bond issue -- by selling the bond aggressively to their existing depositor base.

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  Market Round-up