Corporate

Fresh weakness likely below 17,055

Rex Cano / Mumbai December 09, 2009, 9:22 IST The markets rallied smartly in the second half of the day backed by news of fresh government spending. The government yesterday announced that it planned an additional Rs 25,725 cr in public expenditure.

Top 10 firms lose Rs 40,000 cr last week

The top 10 companies saw their market capitalisation dipping by over Rs 40,000 crore last week with NMDC losing the most.

Reliance Life IPO likely in Q1 of next fiscal: Ghosh

Anil Ambani Group"s life insurance venture Reliance Life expects to tap the capital market with its initial public offer in the first quarter of next fiscal, a top company official said here.

The move is appropriate and adequate, says govt

Even as some sections of industry found the 75 basis points (bps) increase in the cash reserve ratio (CRR) more than expected, the government commended the Reserve Bank of India (RBI) for the “right move” and said it would not result in an immediate increase in interest rates. It said the Reserve Bank had aptly acknowledged the need for paying attention to inflation as well as growth.

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