Amir Gal-Or, managing partner at Infinity, said the firm had last week put together its private-placement memorandum for Infinity III, its sixth fund. He said he expects the fund to close in 12 to 18 months. The remaining of the fund is invested in information technology, with a heavy concentration on the software and semiconductor arenas.

More than 80% of net capital inflows into India in FY06 were foreign investments, compared to 46% in FY05. The increase was primarily because of portfolio investments, which accounted for half of the net capital flows into the country in FY06, compared to 30% the previous year.

The Mumbai inter-bank forward offered rate (MIFOR) for six months closed at 6.56% as against 6.74% on Thursday, and the Mumbai rupee overnight offered rate (MITOR) based on the cash-spot dollar rupee premium was 5.72%, compared to Thursday?s closing levels of 5.91%.

New Delhi: Like peers in the banking sector, Union Bank of India on Friday launched a new deposit scheme to attract small investors by giving 8 per cent interest and 8.5 per cent to senior citizens. Dhingra said the funds will be utilised to give more loans to customers as credit growth is robust.

According to the India Investor Experience Survey - an e-mail survey of nearly 7,000 individuals conducted by Starcom Worldwide - a part of the Starcom MediaVest Group, a little more than a third of all people who invest in the stock market believe that they?ve been taken for a ride by their broker.