Mumbai: The central bank (RBI) has specified that the foreign venture capital (VC) funds those kick in a part of the investment upfront, will get entry to Indian markets.

The condition laid down by RBI is related to some credible capital obligation before obtaining a formal registration.

Typically, a new foreign venture capital fund first forms an investment holding company in Mauritius with rudimentary capital, often not more than a few dollars. The investment company then files for registration with Indian regulators, and once it gets the approval overseas investors are gradually roped in.

Mumbai: Allied Computers International has got listed today on BSE at Rs 21, with a premium of 75% over its offer price of Rs 12.

Mumbai: State-owned Life Insurance Corp of India (LIC) has created a separate company, which is named a

Mumbai: Barak Valley Cements Ltd has got listed today on the National Stock Exchange (NSE) at Rs 69.

Kampala (Uganda), Nov 23: Prime Minister Ma

Bharat Heavy Electricals Linited (BHEL) has announced that it has received an order of Rs. 2108 crore for steam generators and steam turbines for the upcoming Maithon Right Bank Thermal Power Project in Jharkhand.

This is the first ever order secured by BHEL for the new rating units of 525 MW each. The company’s scope of work includes design, manufacturing and commissioning of steam, turbine generators.

The company stated "BHEL has fully established technology for manufacture of thermal sets up to 525 MW rating and has the capability to manufacture sets up to 1,000 MW rating, suited to Indian conditions, using Indian as well as imported coal.”