Briefly Business

PFC price band for FPO at Rs 193-203/share

New Delhi: The government is believed to have fixed the price band at Rs 193-203 per share for the follow-on public offer of state-run Power Finance Corporation.

HC upholds order on ALL trademark suit

Chennai: Madras High Court on Friday upheld an order of a single judge in December last restraining a Bangalore-based company from infringing Ashok Leylands registered trademark Luxura by using an identical and deceptively similar trademark on their buses.

Aviation sector needs 30 bn over 15 years

New Delhi: The aviation sector needs 30 billion investment over the next 15 years to keep up with booming passenger and cargo traffic,aviation secretary Nasim Zaidi said at an Assocham event here.

Vajpeyi to head Daiwa equity business

Mumbai: Daiwa Capital Markets,a leading Japanese investment bank,has announced the appointment of Alok Vajpeyi as Managing Director and Senior Head of Equities. Based in India,Vaipeyi will be responsible for the firms equities operations.

Rs 10 lakh of MPLADS for physically challenged

New Delhi: Parliamentarians will soon be allowed to spend up to Rs 10 lakh annually from the Member of Parliament Local Area Development Scheme MPLADS for providing assistance to the physically challenged by purchasing tricycles and artificial limbs. According to a statement by the ministry of statistics and programme implementation,the new provision will come into effect from June 1.