What LIC needs to do to turn IDBI Bank profitable

While IDBI Bank’s 140 million customers and 1800-odd branches will come in handy for LIC to hawk insurance, the bank can use LIC’s massive agent network to sell its retail loans. But......

Sebi cancels Dresdner Kleinwort registration

The Securities and Exchange Board of India suspended the registration of foreign brokerage house Dresdner Kleinwort Benson Securities (India) Ltd (DKB) for 18 months with immediate effect for its......

Indian PSUs deny bribery allegations in US

Facing allegations in the US that their officials were bribed by an American firm for business, state-owned NTPC on Wednesday said no contract had been given to the company in question, while......

Indians cast net for expat CEOs

Ratan Tata's recent revelation that his successor could be a foreigner may have been too much for other Indian businessmen to swallow. Few, after all, are ready to turn their business over to a......

Glazer still considering Man U offer

U.S. sports tycoon Malcolm Glazer is still considering a bid for Manchester United but has not made a firm offer after talks with the team's biggest investors broke down, the world's richest soccer......