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Entry load abolition will benefit MF industry: Religare AMC
Private sector mutual fund house Religare AMC, a relatively new but fast-growing player, today said that abolition of entry load charged to investors will benefit the company and the industry as a whole.

Coca-Cola announces launch of 'Burn' in India
Beverages maker Coca-Cola today announced its foray into the energy drink segment in India with the launch of "Burn".

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HDFC Standard Life lowers capital infusion by Rs 100 crore
Mumbai-based HDFC Standard Life Insurance Company today said the various cost saving measures adopted by the company would lead to less need for capital infusion during the current financial year. The company’s original plan was to invest about Rs 350 crore in the current financial year, which now may come down to Rs 250 crore.
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Basu remains critical, PM, Pranab visit hospital

The condition of 95-year-old marxist patriarch Jyoti Basu, who is suffering from acute pneumonia, today continued to be critical and he is being given ventilatory support, doctors attending on him said. - Basu responding to treatment: Yechury - Cabinet meet cancelled - Basu"s condition improves marginally, says aide - Govt gets nod to offload 10% in BSNL - PM asks Plan panel to monitor economy of states - PM to meet ailing Basu "Basu"s condition showed some improvement yesterday. Today, however, there is no further improvement in his condition and his blood pressure is fluctuating from time to time," Executive Director D N Agarwal of private AMRI hospital, where Basu is admitted, said. Basu was put on a ventilator at the ICCU yesterday after his condition deteriorated. A bronchoscopy done yesterday did not suggest any change in the line of treatment, Agarwal said. A small amount of liquid food was being given to Basu through a tube. Meanwhile, Prime Minister Manmohan Singh along with Finance Minister Pranab Mukherjee flew in here and visited the hospital in the city"s Salt Lake area. They were briefed on Basu"s condition by the doctors. Chief Minister Buddhadeb Bhattacharjee and WBPCC Working President Pradip Bhattacharya were present at the hospital during the 20-minute visit by the Prime Minister. "The Prime Minister assured the hospital authorities that if any other doctor is required for consultation from any part of India for Basu"s treatment, he could make arrangements if informed," former Lok Sabha Speaker Somnath Chatterjee said quoting Singh. The Prime Minister also spoke to Basu"s son Chandan. Doctors on the medical board, monitoring the condition of the former chief minister, would meet again in the evening after which a medical bulletin will be issued.


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