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Govt's stock mkt kitty zooms by Rs 6.5 lakh cr in 2009
The government could be among the least active investors in the stock markets, but it appears to have come out the winner in terms of returns--its equity portfolio appreciated by about Rs 10 crore in every minute of trade in 2009 resulting in a total gain of Rs 6,50,000 crore.

Apex lines up Rs 150 cr for its food division
Apex Agro Food Products Private Limited, a subsidiary of Apex Encon Projects, would spend Rs 150 crore over the next 4-5 years for setting up food processing units, cold storage plants and other infrastructure across the country.

News of the day

Subir Roy: A historic opportunity for SAIL
- Mittal plans 6 mt plant in Karnataka - PSUs to lose out on interest - Capex spending slows in Q2 - Disinvestment of 4 PSUs likely to be completed in two months - SAIL again delays Rs 70,000-cr mega expansion plan - Maoists explode bomb in SAIL mine
Management

Religare Finvest ties-up with Corp Bank on services to SMEs

Religare Finvest, the non-banking finance arm of Religare Enterprises, today said it has entered into an agreement with public sector Corporation Bank to offer services to small and medium enterprises. - Kiri Dyes aims to acquire DyStar for 1 Euro - Banks credit-deposit ratio declines to 61.31% - Three public sector banks name new EDs - A year on, mobile banking yet to buzz - RFL eyes Rs 5,000 cr consumer lending - Idle capital a new problem for many Indian banks The company has signed a memorandum of understanding with Corporation Bank for identifying potential small and medium enterprises (SMEs), Corporation Bank said in a filing to the Bombay Stock Exchange. "Our tie-up with Corporation Bank is in line with our strategy of a pan-India penetration and the opportunity to reach to as many budding entrepreneurs and enterprises as we can," Religare Finvest CEO Kavi Arora said. The proposed partnership would look at extending financial assistance to small and medium enterprises. Religare Finvest would work closely with Corporation Bank to identify and facilitate the creation of new business opportunities and provide support for customer satisfaction, the filing added. Shares of Religare Enterprises today closed at Rs 394.30 on the BSE, up 0.79 per cent from its previous close.


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