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TDSAT says it alone can decide on Star-BSNL dispute
The telecom tribunal TDSAT has held that the ongoing arbitration between broadcast major Star India and telecom major BSNL is not valid and that it has the sole jurisdiction to decide on the disputes between the two.

Sebi examining investment avenues for portfolio managers
Securities and Exchange Board of India (Sebi) is in the process of examining whether registered portfolio managers invest in instruments other than listed securities, an official of the agency said.

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Max New York Life launches ULIP plan Shiksha Plus
Private sector life insurer Max New York Life today launched Shiksha Plus, a Unit Linked Plan, to facilitate a child’s aspirations and goals over different phases of student life.
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Kingfisher Airlines plans to raise up to $175 mn by Mar 2010

Private carrier Kingfisher Airlines plans to raise up to 175 million dollars (about Rs 840 crore) before March next year through rights issue and global depository receipts (GDR). "Yes, we are planning both rights issue and GDR placement. The combined amount will be about 150-175 million dollars," UB Group Chief Financial Officer Ravi Nedugandi told PTI. The airline is likely to get the first delivery of the world"s largest aircraft Airbus A380 in 2014, which was scheduled for delivery in 2012. The airline has faced problems clearing its fuel bills. Petroleum Minister Murli Deora had informed Parliament in July that Kingfisher Airlines owes over Rs 950 crore to state-run oil companies in unpaid jet fuel bills.


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