Briefly Business: Sebi plans separate platform for start-ups

SBI group firm sells 85 lakh shares in KFA

NEW DELHi: SBICap Trustee Company,an SBI group entity,on Thursday offloaded more than 85 lakh shares of cash-starved Kingfisher Airlines in a transaction worth nearly Rs 7 crore.

iGate Q1 net up 44 at 34.8 million

Mumbai: IT firm iGate on Thursday posted 44 per cent jump in net profit at 34.8 million for the first quarter ended March 31,2013. This is against a net profit of 24.1 million registered in the January-March quarter of 2012,iGate said in a statement.

Essar Steel to refinance R20K-cr debt with loan

Mumbai: Essar Steel is planning to refinance its entire domestic debt of around Rs 20,000 crore into dollar terms by September with a view to reduce interest costs,which in turn will help it to improve the margins,Essar Steel MD and chief executive Dilip Oomen said.

FSDC sub-committee meets at RBI

Mumbai: Financial sector regulators and policymakers,who are a part of the sub-committee of Financial Stability and Development Council FSDC,on Thursday met at the Reserve Bank. The officials including RBI Governor D Subbarao and economic affairs secretary Arvind Mayaram,met on Thursday. The agenda reportedly included discussion on modalities of inflation-indexed bonds. PTI