Briefly Business

WTO scales down growth forecasts

Geneva: World trade is expected to grow at 5.8 per cent this year as compared to a smart expansion of 14.1 per cent in 2011,as the global economy has been gripped by US credit downgrade and turmoil in the financial markets,WTO said on Friday. Earlier,the WTO had estimated the global commerce to grow by 6.5 per cent in volume terms.

Sebi issues disclosure norms for IDR rights

Mumbai: Through a notification,Sebi on Friday amended the Securities and Exchange Board of India Issue of Capital and Disclosure Requirements Regulations,2009,by adding a chapter relating to rights issue of Indian Depository Receipts,or IDRs.

LIC eyeing to expand operations overseas

Coimbatore: Life Insurance Corporation plans to expand in overseas markets and will start segmenting agents next month onwards. The time has come now to redefine ourselves and create a stir not in India alone but also worldwide, LIC Executive Director S Roy Chowdhury told reporters.