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Domestic MFs plan international funds
Domestic mutual funds are again scouting investment opportunities abroad, mostly in emerging markets, as they plan to launch international funds, after more than a year. At least three fund houses-- SBI Mutual Fund, UTI Mutual Fund and Mirae Asset Mutual Fund— are planning to launch international funds soon.

Ajit Rangnekar takes over as dean of ISB
Ajit Rangnekar has been appointed the dean of the Indian School of Business (ISB) for a five-year term. The Executive Board unanimously named Rangnekar as the new dean in Mumbai on January 8.

News of the day

Ratnagiri Gas to begin power generation by March 2010
Ratnagiri Gas and Power Private (RGPPL) or the erstwhile Dabhol power project in Maharastra would start generating 1,900 Mw of electricity by March, 2010.
Corporate

Pricol back in black with Rs 6.29 cr profit

Pricol has reported a net profit of Rs 6.29 crore for the quarter ended September 30, 2009 as compared to net loss of Rs 8.10 crore, a year ago. - Shyamal Majumdar: India Inc's labour pains">Shyamal Majumdar: India Inc's labour pains - Textile Ministry to approach Cabinet for funds to CCI - Rajesh Exports net dips 46% on high input cost - Frequent strikes might make Pricol move out of Coimbatore - "We"re responding with the lever in our control, cost" - BEL net up 92% to Rs 237 cr in Q2 The company had said that increase in imported raw materials and components prices due to adverse exchange rate flucuation has affected the profits for the half year. The company"s total income rose to Rs 185.51 crore from Rs 166.63 crore, an increase of 11 per cent.


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