Finance ministry moots alert team to avoid capital market scams
The finance ministry has mooted the concept of an inter-disciplinary "Alert Team" to warn concerned governmental authorities of the possibility of scams brewing in the capital market or in the corporate sector.

Prudential-ICICI to include FMCG in Lever Fund
Prudential-ICICI Asset Management Company has broadened the scope of investment by including the fast-moving consumer goods sector. The fund has now been renamed Prudential ICICI Lever Fund FMCG Fund.

PHDCCI for banks to set up sector-specific venture funds
The government should formulate a legal framework for enabling Indian banks to set up sector-specific venture capital funds (VCFs) for investment of their surplus funds, PHD Chamber of Commerce ad Industry said.

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  Market Round-Up
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  Market Briefing
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  Punjab Tractors
  Market looks all set to stabilise and head for 3,500-point level