The board of directors of JM Financial, which met on Thursday, approved a proposal, in-principal, to separate from Morgan Stanley in the joint ventures for investment banking and securities broking business.
The solution lies in asking the private sector to get its own land; indeed, some of the firms planning large retail footprints across the country are tying up with specialised realty firms for precisely this reason.
Impressive advances in the world's most populous countries, India and China, have been at the forefront of the reduction in global poverty, a World Bank panel has said.
The stake was bought for Rs 447 crore (Rs 4.47 billion).
Stock options are the most popular form of long-term incentive among Indian companies.
Number of password-stealing Web sites will increase and so will spam, says McAfee Inc.
What is Wal-Mart? When was it set up? Who owns it? Read on to find out.
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