WEF chief sees deficit at 6% The country's fiscal deficit this year is unlikely to be less than 6 per cent against the budget target of 4 per cent of GDP, World Economic Forum managing director Claude Smadja said on Monday. Pentafour to hive off software division Pentafour Software & Exports (PSEL) is hiving off its business software development division, as a going concern, to Pentafour Communications (PCL). Delhi court okays new telecom policy The Delhi High Court on Monday directed that the new telecom policy must be implemented as a consequence of the new Union cabinet approving the policy. BM Khaitan keeps options open on India Foils selloff The Brij Mohan Khaitan group, which is in negotiations with Sterlite Industries to forge a "strategic alliance" in India Foils, is keeping its options open on the extent of stake it will divest in the country's largest foils company. IDBI to rake in Rs 1, 200 cr via bonds The Industrial Development Bank of India (IDBI) on Monday entered the private-placement market to raise subordinated debt of Rs 1,200 crore in a bid to prop up its capital adequacy ratio (CAR). SBI is ready with crisis team State Bank of India, which handles over 20 per cent of the total banking business in the country, is ready to handle any crisis if it develops at the stroke of midnight on December 31.
WEF chief sees deficit at 6%
Pentafour to hive off software division
Delhi court okays new telecom policy
BM Khaitan keeps options open on India Foils selloff
IDBI to rake in Rs 1, 200 cr via bonds
SBI is ready with crisis team