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Saturday, March 26, 2011

Business News

  • India Infoline to start ETFs, index funds
  • India summons Italian ambassador
India Infoline to start ETFs, index funds
India Infoline Ltd, an Indian brokerage, will start its mutual funds business by offering exchange traded funds (ETFs), chairman Nirmal Jain said. The company got its licence from the stock market regulator and plans to sell its first product in two three months, Jain said.

India summons Italian ambassador
India has objected to golfer Jeev Milkha Singh's coach Amritinder Singh being allegedly asked to remove his turban during a security check at Milan airport this week. Secretary, west, in the ministry of external affairs, Vivek Katju, summoned the Italian ambassador Giacomo Sanfelice Di Monteforte to he ministry on Wednesday to register India's protest, a government statement said.