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The attraction of ncds
Non-convertible debentures have some real benefits over fixed deposits.

Maytas Infra sells stakes in 2 expressway projects
In a bid to tide over its financial crisis, Maytas Infrastructure, the listed company promoted by Satyam Computers’ B Ramalinga Raju, has decided to sell part of its shareholding in Cyberabad Expressway Pvt Ltd and Hyderabad Expressway Pvt Ltd to Terra Projects Ltd, a company owned by the Kolkata-based Neco group.

News of the day

Resistance seen above 5,100 level
The Nifty formed another Doji pattern today after moving in a narrow band of 50 points, indicating indecisiveness among participants ahead of Christmas holidays in US and European markets. The index closed below its crucial trendline support level of 5,050, while maintaining its 50-day daily moving average (DMA) support at 5,000.
International Business

IDC likely to come out with design certification 'I-Mark':Vyas

For promotion of good design practices in country, Indian Design Council (IDC) is likely to come out with design certification mark called "I-Mark" for industry, as a seperate recognition mark for design, an IDC member said here today. Markets extend losses in noon trades Companies having I-Mark accredition will have distinctive recognition in industry, Vyas said. IDC shall be conducting its second meeting in Mumbai today to work out the parameters for recognition of design, and discuss about the scope of introducing it here, he added. The panel will consider aspects like environment friendliness, energy consumption, carbon footprint, user covenience, good design practices, as criteria, Vyas said. I-Mark certification for design will be similar on the lines to quality certification issued by the Bureau of Indian Standards(BIS). The move is expected to give a push to $140 billion MSME sector in India, that accounts for nearly 40 per cent of country"s export and enhance its international acceptability. IDC was constituted by the government in pursuance of National Design Policy and is headed by Anand G Mahindra of Mahindra and Mahindra group.


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