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RBI allows 49% single-entity FDI in credit info companiesFriday, November 21, 2008 @ 2:59PMThe Reserve Bank of India (RBI) has allowed up to 49 per cent foreign investment in credit information companies (CICs) by a single entity. This forms part of the revised notification on foreign direct investment (FDI) in CICs.

Top-Rated Stocks That Treat Shareholders RightFriday, November 21, 2008 @ 2:57PMThese high-flying investments sport top corporate governance policies.

AMD spins off plants into venture with Abu DhabiFriday, November 21, 2008 @ 2:55PMSAN FRANCISCO (Reuters) - Chip maker Advanced Micro Devices Inc plans to spin off its manufacturing plants into a $5.7 billion (3.27 billion pounds) joint venture with Abu Dhabi to get a cash injection and shrink debt to better compete against larger rival Intel Corp.

Telecom units ride demand surgeFriday, November 21, 2008 @ 2:51PMTelecommunications companies (telcos) in eastern India are witnessing strong demand despite the overall slowdown of the economy. In fact, many plan to introduce more value-added services, go in for retail escalation and for network and capacity building.

EID Parry buys 48% stake in US firm for $9 millionFriday, November 21, 2008 @ 2:44PMSugar and nutraceuticals major EID Parry (India) Ltd, part of the Murugappa group, has acquired 48% stake in the Florida-based US Nutraceuticals, LLC, a privately-held company, for a consideration of $9 million.