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Templeton's India equity team will hire two analysts
Franklin Templeton Investments plans to hire two India stock analysts to increase its coverage of a market that has outperformed its developing nation peers this year.

LIC, HDFC Life miss rural obligations
The state-owned insurance giant Life Insurance Corporation of India (LIC) and private sector insurer HDFC Standard Life missed out on rural sector obligations during 2008-09. While two non-life insurers, Bharti Axa General Insurance and Apollo DKV, did not meet both the rural as well as the social sector obligations during the last financial year.

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UTV Software to raise $150 mn for expansion, retiring debt
Media and entertainment firm UTV Software Communications today said it will raise $150 million (nearly Rs 750 crore) through various channels to meet its growth plans and retire debt.
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All Commonwealth Games projects on course: Jaipal Reddy

Seeking to allay apprehensions about organising the Commonwealth Games, Urban Development Minister S Jaipal Reddy today said all projects were on course to host the prestigious sporting event. - Delhi CM assures to complete CWG projects well in time - Chidambaram promises "full" security during C"Wealth Games - Going for gold - Tapping hydrogen - NEWSALERT: Govt to convene meeting on security prep of 2010 games - Govt approves Rs 40,000-cr power equipment order "Everything is under control, everything is on course. I can say this with authority," Reddy said when asked about CWG Federation President Michael Fennel seeking Prime Minister Manmohan Singh"s intervention to put things in order. He was speaking at the India Today Conclave. Noting that he "did not want to downplay anything", the Minister said he can assure "the whole nation that everything is okay ... It is not only Delhi"s pride but also the entire country"s pride to host this event". Not satisfied with the preparations for the event, Fennell has shot off a letter to Games" Organising Committee chairman Suresh Kalmadi asking him to arrange a meeting with the Prime Minister the next month. "With only a year to run until the Games, I feel I must personally brief the Prime Minister of India on the lack of preparations and to seek his input in developing an appropriate recovery plan," wrote Fennell. "I am looking forward to some urgent actions in order to bring about the successful celebration of the Games in 2010," Fennell wrote.


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