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

PFC plans $5bn fund for power reforms

The state-run PFC proposes to float a $5 billion special power sector fund to speed up the reforms and restructuring of the ailing power sector in the country.

Stock exchanges told to maintain trade records for seven years

SEBI constituted ISG on Friday took a slew of decisions to tighten the market surveillance and clean up the functioning of the bourses further.

Centre likely to raise foreign direct investment limit in airlines to 49%

The government may raise the FDI limit in domestic airlines to 49% from the 40% cap proposed in the draft aviation policy.

Mait sees decline in hardware sales, cuts estimates

Mait has feared a slowdown in the IT hardware sector in the next six months as the trend of hardware sales and consumption in last six months are not very encouraging.

Bonds-dedicated mutual funds in the limelight

A volatile stock market and stability in rupee and interest rates due to the record mop-up of $5 billion through the IMD scheme by State Bank of India has brought back bonds-dedicated mutual funds into the limelight.