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Helios plans India 'Slumdog Millionaire' stock fund
Helios Capital Management Pte, the hedge-fund manager once backed by Tudor Investment Corp, plans to start a “Slumdog Millionaire” fund that will buy underperforming shares of Indian companies.

Telcos clash yet again over spectrum fee
After a brief lull, mobile operators have begun clashing over the fee paid for spectrum (air-waves), with Vodafone claiming Tata Teleservices and RCom were underpaying the government — a charge denied by the two companies.

News of the day

Norwest Venture Partners raises $1.2 bn for PE fund
US-based private equity firm Norwest Venture Partners (NVP) today said it has raised $1.2 billion to invest in domestic and international companies across sectors.
Business Opportunities

FM submits copy of draft taxes code to PM

Finance Minister Pranab Mukherjee on Tuesday submitted a copy of the draft direct taxes code to Prime Minister Manmohan Singh, in the wake of apprehensions in various quarters on a proposal by the draft code to tax the employees’ provident fund (EPF) at the time of withdrawal.


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