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RBI is expected to increase CRR next month to signal a rate increase.
Global steel giant ArcelorMittal"s open offer for a 29.4 per cent stake in domestic company Uttam Galva will begin on December 19, according to a Bombay Stock Exchange (BSE) filing by the secondary steel maker.
A cartoon in a Delhi newspaper, which allegedly depicted a Victoria policeman as a member of hate group Ku Klux Klan in the wake of attacks on Indians, has sparked an outrage in Australia with acting Prime Minister Julia Gillard condemning it as "deeply offensive".
The stock finally ended at Rs 225, down 6% from its previous close. The counter clocked volumes of 520,102 shares as compared to the two-week daily average traded volumes of 76,351 shares on the BSE.
Sun TV erased all its gains and finally ended in the negative terrain at Rs 333. The counter clocked volumes of 6,969 shares as compared to the two-week daily average traded volumes of 18,919 shares on the BSE
Markets continue to trade subdued.
US markets ended flat on Tuesday. The Dow dropped two points to 10,545 while the Nasdaq slipped three points to 2,288.
Private sector insurer Aviva Life Insurance today announced a nation-wide strategic partnership with India Post, which will help it collect its premium through post offices.
Fund-raising to the tune of Rs 8,500 crore underway.
After being awarded two exploratory coal blocks in Mozambique in March this year, state run Coal India Limited (CIL) has now stepped up its efforts to acquire overseas coal assets in Australia.
State-run power generation company, Gujarat State Electricity Corporation Ltd (GSECL) intends to procure 15 lakh metric tonnes of non-coking steam (thermal) imported coal. The company has invited bids from coal suppliers for supply of coal on high seas sale basis.
The Coal India Limited"s (CIL"s) move of 11 per cent hike in the price of coal is likely to impose a heavy financial burden on some of the coal-based thermal power stations in the state, Gujarat State Electricity Company (GSECL), sources said.
The government is not inclined to intervene if steel companies raise prices, Steel Secretary Atul Chaturvedi has said. “If prices can go down, they can rise also. We have no immediate plans to intervene in pricing,” Chaturvedi told reporters on the sidelines of the Federation of Indian Chambers of Commerce and Industry (Ficci) Steel Summit here.
The Sensex, after touching a low of 17,373 recovered to touch a high of 17,453. The index is now up 71 points at 17,431.
India"s retail industry boom gave way to despair in 2009 as consumers held back big spending, forcing some companies to restructure finances, while recession-battered western retail chains would have felt glad they were not allowed to set shop.
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.
Indian Institute of Management Kozhikode (IIM-K), the first of the IIMs to conclude summer placements this year, saw a little over Rs 1 lakh as the highest stipend offered.
The stock managed to erase all its losses and rebounded into the positive zone to touched a high of Rs 247.The scrip finally flat settled at Rs 237, up 0.42%. Around 44,483 shares were traded today as compared to 27,649 shares.
The much awaited auction of spectrum for 3G mobile services is likely to be delayed by more than a month and may commence from the first week of March next year -- schedule for which is to be announced soon.
T N Ninan / New Delhi December 5, 2009, 1:54 IST
T N Ninan / New Delhi November 14, 2009, 1:01 IST
General Motors is planning to start the repayment of a $6.7 billion loan it received from the US government later this year, says a media report.
Yahoo! said it will close its GeoCities service that provides people a free online locale for home pages.
It’s rather peculiar,” said a friend recently, “that of late, almost every time that I have tried to buy a train ticket, even if it is a month in advance, I have found myself wait-listed…” She was desperately trying to send off Sushil, her trusted right-hand man to Kolkata for some urgent business, and was unable to get tickets on any train going eastwards. “The air tickets cost upwards of Rs 12,000 — I don’t know what to do!” said she. Just then, her courier service provider, who happened to overhear some of this conversation, said, “Why are you getting so hassled madam? Just send him to the railway station and meet this travel agent friend of mine … he’ll get him on today’s Rajdhani to Kolkata!” But how could he do that when the train was full, she asked bemusedly. “It’s the unofficial Tatkal service,” said he.
A local court here after verification has handed over the supplementary chargesheet documents filed by the Central Bureau of Investigation (CBI) to the nine accused in the Satyam scam.
Infrastructure player C&C Constructions today said it has cleared the technical qualification round for building several highway projects worth around Rs 20,000 crore in the country.
The Prime Minister"s Office does not have any information whether Cabinet Ministers, who were part of Empowered Group of Ministers to decide on the price of gas from Godavari basin declared their conflict of interest with Reliance Industries Limited or the late Dhirubhai Ambani.
A high-powered group of state finance ministers today indicated that the proposed Goods and Services Tax (GST), which will consolidate indirect taxes, may not be introduced as scheduled from April 1, 2010.
“What does the consumer want? What does the market want?”
Bangalore-based medical diagnostics products maker, Opto Circuits (India) Ltd (OCI) has announced that its wholly-owned US-based
Dr Reddy"s Labs long-standing patent dispute with Europe"s AstraZeneca over a drug to treat heartburn may be resolved out of court following a similar settlement between the European drug maker and Israel"s Teva, feel market watchers.
The ITC Green Center that Hillary Clinton visited last month is an early adopter of sustainable construction.
Rise in portfolio value triggers higher dividends.
Business Standard / New Delhi December 30, 2009, 0:33 IST
Secretary of State Hillary Clinton will embark on a seven-nation African Safari next week as part of Obama Administration"s commitment to make Africa a priority in the US foreign policy.
The markets have been virtually unchange din the past one hour. The Sensex is at 16,858, down 35 points, and the Nifty is placed at 5028, down 12 points.
US markets edged up on Friday as quarterly results were declared by Oracle and Research In Motion. The Nasdaq jumped 32 points (1.5%) to 2,212. The Dow added 21 points to 10,329.
Godrej Consumer Products Ltd, the manufacturer and supplier of consumer durables, posted 167 per cent rise in consolidated net profit at Rs 93 crore for the quarter ending September 30, 2009 as compared to Rs 34.73 crore in the corresponding period last year.
The Sensex after opening flat has now soared to a high of 16,885 on the back of buying in IT and metal stocks.
Continuing with its losing streak, the rupee today fell by 5 paise in opening trade to 46.93 against the US dollar largely on fears of capital outflows by foreign funds.
The stock slipped to a low of Rs 478 and finally settled at Rs 483, down around 4% from the previous close. The counter clocked volumes of 3.17 million shares as compared to the two-week daily average traded volumes of 1.81 million shares on the BSE.
The Sensex has opened at 16,336 down 17 points.The index is now at 16,263, down 95 points.
Markets have started to recover.
Domestic institutional investors (DIIs) were net sellers of Rs 171.16 crore (provisional) today, according to data released by BSE.
Market regulator Sebi has directed all stock exchanges and other securities intermediaries to keep a strict watch on UN-listed terror funding entities, including the name of underworld don Dawood Ibrahim.
The Nifty closed above the resistance level of 4,350 on the first day of the new F&O series on short covering by foreign investors and long build-up in key stocks futures. If the Nifty could maintain support around this level, then we may see the index crossing the 4,500 levels during the coming week. Trading in the Nifty options suggests that the index can move above 4,400 with strong support at 4,300.
BS Reporter / Mumbai October 26, 2009, 8:14 IST
Private equity: The private equity industry was challenged in 2009. Deal flow remained slow, portfolio companies struggled and investors in buyout funds scrambled to meet their cash commitments. Rebounding bond and equity markets helped some firms in the second half. But the rally was too late for others. As the industry enters a new decade, expect the divide between the sheep and goats of the buyout world to widen.
US markets slipped at the end of the week as worries about the economic recovery loomed once again.
The Sensex opened in the red at 16,772, mirroring negative global cues. Follow-up selling saw the index slip to a low of 16,636 - down 150 points from the previous close.
The Sensex after rebounding into positive zone has surged singificantly mainly on account of fresh buying in index heavyweights. The index has now re-gained the 17,000-mark, and is now up 224 points at 17,010.
The Sensex after attempting recovery has once again slipped into the red. The index is now at 16,677, down 108 points. The NSE Nifty is at 4,947, down 42 points.
Finance Minister Pranab Mukherjee will hold a pre-Budget discussion with state governments on January 13. Recommendations of the 13th Finance Commission on devolution of funds, the Goods and Services Tax (GST) regime, continuation of stimulus packages and allocation for the Centre’s flagship schemes such as National Rural Health Mission and Sarva Shiksha Abhiyan are expected to dominate the deliberations. A government official told Business Standard today that the states will make a strong pitch to continue the fiscal stimulus package.
Considering the weak US and Asian cues, our markets have opened on a quiter note. The Sensex is quoting at 16,714, down 71 points, and the Nifty is at 4962, down 26 points.
Global IT firm Apple is likely to make a major product announcement at San Fransico next month.
The Sensex after attempting recovery has once again slipped into the red. The index is now at 16,677, down 108 points. The NSE Nifty is at 4,947, down 42 points.
Ruling out strategic sale of Central PSUs, Finance Minister Pranab Mukherjee today said the government will follow the middle path and restrict public holdings in the CPSEs to 10 per cent.
Big Cinemas, a division of Reliance MediaWorks and a member of the Reliance ADA Group, said it has crossed the global milestone of 500 screens with the opening of its newest multiplex in Malaysia.
The gas row between the Ambani brothers had its echo in the Lok Sabha today with Samajwadi Party chief Mulayam Singh Yadav making a strong plea for gas from Reliance at cheaper rates for state-owned National Thermal Power Corporation (NTPC), a plea also being used by the Anil Ambani group.
JSW Bengal Steel, the 10-million tonne steel project from the JSW Steel stable, is one of the few mega greenfield projects in the country — which would add 67 million tonnes in two years — to be sitting on 4,800 unencumbered acres.
The police have finally arrested top officials of Vedanta Resources charged with the collapse of an under-construction power unit chimney at Bharat Aluminium Company (Balco) in September, killing 41 persons.
The National Informatics Centre has raised concerns over privacy and security of proposed database of Unique Identification Authority of India(UIDAI), headed by Infosys founder Nandan Nilekani.
The chief climate change negotiator of the tiny Pacific island of Tuvalu today made an emotional appeal for a strong agreement that would legally bind all countries to commitments to control carbon emissions.
Snapping its two-day losing string, the Bombay Stock Exchange (BSE) Sensex today surged over 240 points on the back of a good show by European markets and realty and metal stocks.
Finance Minister Pranab Mukherjee"s ambition to collect Rs 30,000 crore from the auction of third generation (3G) telecom licences this year is in jeopardy, with the department of telecommunications (DoT) saying it is being forced to curtail its auction plans from four slots to three.
Sunil Jain / New Delhi November 16, 2009, 0:07 IST
Ahead of its upcoming annual general meeting on December 31, 2009, Israeli drug company Taro Pharmaceutical has asked its shareholders to reject a takeover bid by Sun Pharmaceuticals.
Foreign institutional investors (FIIs) were net sellers of Rs 459.18 crore (provisional) today, according to data released by BSE.
Tata Group today said the British government has not yet contacted it on the possible options to avoid closure of Corus steel plants in Teeside that could result in 1,700 jobs losses.
A mark-to-market (MTM) loss of Rs 284.4 crore caused drug major Wockhardt to post a net loss of Rs 54 crore in the third quarter ended September as against a net profit of Rs 62.2 crore in the corresponding quarter of last year. Consolidated sales revenues stood at Rs 922.7 crore, a growth 2.23 per cent over the Rs 902.5 crore posted in the year-ago period. The MTM loss has been accounted for as an exceptional item and negotiations are in progress in respect of hedging instruments outstanding.
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Government’s security concerns about Chinese equipment makers not a deterrent.
The Madras High Court today directed Ahmedabad-based Zydus Cadila (Cadila Healthcare) not to sell its anti-depressant drug, Venz (venlafaxine), in the domestic market for the time being, based on a trademark complaint from Mumbai-based Sun Pharmaceutical industries.
Diversified firm Nava Bharat Ventures today said the company, through its Singapore-based arm, would acquire 65 per cent stake in Zambia-based Maamba Collieries for $26 million (about Rs 121 crore).
The US Food and Drug Administration says a vaccine from GlaxoSmithKline successfully blocks the virus that causes most cases of cervical cancer.
Pharma firm Unichem Laboratories today said it has received US regulatory approval for Clonidine Hydrochloride tablets USP used in the treatment of hypertension.
Bangalore-based Life sciences firm ReaMetrix today said it is looking for strategic tie-ups with global players for marketing and distribution of its new product, used for diagnosing HIV.
The seizure of Caraco’s drugs by the FDA could have an adverse impact on Sun Pharmaceutical in the near term.
Glenmark Generics Ind, USA (GGI), the US subsidiary of Glenmark Generics and a leading company in the manufacture, marketing and distribution of high-quality, low-cost generic pharmaceutical products in the US, initiated the launch of Fosinopril Sodium and Hydrochlorothiazide tablets in the US market.
The Supreme Court will hear Swiss drug maker Novartis AG"s plea against denial of patent for its blood cancer drug, Glivec, next week.
Jindal Drilling & Industries today said it has bagged an order worth Rs 635 crore from Oil and Natural Gas Corporation (ONGC) for hiring a drilling unit for five years.
US markets dropped on Thursday as energy stoks dipped on declining oil prices. Wal-Mart"s forecast about consumer spending also impacted negatively.
Hit by economic slowdown and dip in customers repayment capability, ICICI Home Finance Company, subsidiary of ICICI Bank, reported about 3.5 fold growth in its non-performing assets at Rs 161.43 crore at end of September 2009 from Rs 36.03 crore a year ago.
Luxembourg-based Millicom has rejected Indian telecom PSU BSNL"s bid to acquire its operations in Sri Lanka, but India"s largest private mobile operator Bharti Airtel has entered the ring.
Promoters of around 200 large- and mid-cap companies have sold parts of their holdings to raise a combined Rs 50,000 crore in the second quarter of this financial year (July-September), according to the shareholding pattern filed by these companies with stock exchanges.
Infosys BPO Ltd, the business process outsourcing (BPO) operation of Infosys Technologies, is looking at raising its headcount in the Americas through inorganic growth. The company is understood to be scouting for a strategic acquisition in the $40-60 million range either in Canada or the US, according to industry sources.
Wants to expand within the country and outside, while Star Aviation, yet to begin operations, has three aircraft ready
Etisalat DB Telecom India, a new telecom operator, has signed deals worth Rs 750 crore ($150million) with three Business Process Outsourcing (BPO) service providers. The company said it had entered into five-year outsourcing agreements with Tech Mahindra, Aegis and Conflux. Etisalat DB Telecom India is a joint venture between Dubai-based Etisalat and India’s Dynamix Balwas Group. The company has a licence to operate in 15 telecom circles.
Oil fell in Asian trade today on profit-taking after overnight gains driven by hopes for improved demand as the global economy recovers, analysts said.
The Andhra Pradesh government, which won four oil blocks in the VIII round of the New Exploration Licensing Policy (Nelp) bidding on Monday, will invest about Rs 160 crore in oil and natural gas related activities over the next five years.
Oil prices rose above $72 a barrel today in Asia as investors looked to a slew of US corporate earnings reports this week for signs of economic recovery.
Of the top-10 most valued firms, six lost a combined sum of over Rs 68,000 crore from their market capitalisation last week, while the rest including the country"s most valued firm Reliance Industries (RIL) and oil major ONGC saw rise in their valuation.
The original drummer of the iconic ‘60s band, Pete Best performed in Delhi and spoke about his past, present and the future.
It will be the JMM chief’s third tenure as chief minister
Reliance Industries (RIL) has threatened to stop oil and gas exploration if it is not granted the promised drilling moratorium to cover for the acute shortage of rigs.
The government has extended by two months the last date of bidding for the nation"s largest ever auction of oil and gas blocks to October 12.
Amid a continuing legal battle between the Ambani brothers over gas supply, the elder of the two, Mukesh Ambani, is believed to have met Law Minister Veerappa Moily.
Even as socially responsible investing (SRI) is yet to find its feet in India, indices that screen stocks based on ethical and environmental concerns have been outperforming their benchmark peers.
State-run Oil and Natural Gas Corporation has lost an oilfield in Algeria to a consortium led by a Chinese oil firm.
Sixty per cent of the country’s services sector enterprises are in rural areas, according to a report by the National Sample Survey Organisation (NSSO). The report is based on the 63rd round of survey by NSSO to estimate the economic characteristics of services sector enterprises in India in 2006-07.
The Nifty futures moved in a narrow band and closed higher at 5,239 on poor volumes in both cash and derivates segments. The trading volume in Nifty January futures declined to 11.86 million shares from around 42 million shares on the first day of the December series. It is difficult to predict the market movement in the near future due to extremely poor volumes. However, the intra-day trading pattern in Nifty futures and options suggested that traders booked profits while bears built short positions at higher levels.
The markets opened the New Year on a promising note today with the BSE Sensex shutting the shop at a 20-month high at 17,558.73 gaining 94 points, driven by a rally in the auto and metals counters and firm European cues.
Extended trading hours starting today did nothing to boost the volumes on the bourses that opened nearly an hour earlier at 0900 hrs, as part of conscious efforts to align trade timing with the Asian markets.
Insurance companies could invest up to Rs 40,000 crore in the stock markets during the fourth quarter of the current financial year due to better sale of unit-linked plans (Ulips) in the recent month.
2009 saw a high-voltage legal battle between the Ambani brothers over the gas dispute reaching the Supreme Court with a judge withdrawing from the bench.
No terrorist atrocity in India has produced as much distorted reportage as Mumbai 26/11. The ill-equipped and untrained city police got all the blame, while journalists failed to ask even basic questions. Why, for instance, did the Indian Army and the Navy commandos refuse to fight the Pakistani jihadis inside the Oberoi hotel?
Enough has been written about last year’s collapse of insurance giant AIG after it had to make good all the insurance it sold against corporate bond defaults and the fact that the US government bailout happened to help Goldman Sachs, the firm that US Treasury Secretary Hank Paulson once ran. Much less, however, is known about the company’s origins (it was the first reverse MNC, with its headquarters in China), of how it had such tremendous clout it could even threaten governments with US sanctions, or of how in the second World War it allowed US intelligence agency officials to masquerade as journalists of one of the newspapers it owned and collect information against the Japanese.
Meghnad Desai admits in the preface that it is an ambitious book. Written by “someone who cannot claim to be a professional historian”, the book is the author’s own and “somewhat opinionated” account of how India became a nation. In the process, it outlines a new premise based on which Indians should “rediscover” the new India.
Air India has convened a meeting of foreign pilots" recruitment agencies on Wednesday to discuss its proposal to slash wages by 10 per cent, in its bid to reduce costs and the differences between the pay packets of Indian and foreign pilots.
Business Standard / New Delhi December 24, 2009, 0:39 IST
Tata aims to create disruption in the water purifier market with the low-priced Swach.
The government today started the process of consultation for the consolidation of public sector banks.
Stock markets skidded today, commodity prices took a beating, Kerala panicked and even Bollywood worried as Dubai’s $60-billion debt woes sparked fears over corporate and bank exposure to the crisis. Indian companies and banks played down the impact, saying the exposure was not significant.
Hit by economic slowdown and dip in customers repayment capability, ICICI Home Finance Company, subsidiary of ICICI Bank, reported about 3.5 fold growth in its non-performing assets at Rs 161.43 crore at end of September 2009 from Rs 36.03 crore a year ago.
The government today said it has shown "no favour" to Mahindra Satyam by extending the deadline for restating of accounts by six months to June 2010.
The Reserve Bank of India (RBI) on Friday said it would ask banks to furnish details of their direct and indirect exposure to Dubai World, the beleaguered Dubai government-owned holding company which asked for more time to repay its debt.
Software giant Microsoft today announced the commercial availability of its online services in India at prices starting from $2 (Rs 95) per user per month which will allow small and medium enterprises (SMEs) and enterprise customers to access Microsoft’s e-mail, collaboration, conferencing and productivity capabilities online.
The scrip zoomed to a high of Rs 94 and finally ended at Rs 93, up 2.5% from the previous close. The counter clocked volumes of 30.16 million shares on the BSE as compared to the two-week daily average traded volume of 14.87 million shares .
Larsen & Toubro (L&T) has sold a third of its holding in Mahindra Satyam, or 27.24 million shares, for Rs 306.54 crore, taking the software company’s share price down by 6.6 per cent, the biggest fall in five months.
Wind turbines manufacturer Suzlon Energy today said it has bagged an order from conglomerate ITC for supplying 27 MW of wind power turbines to projects in Karnataka and Maharashtra for an undisclosed amount.
Seema Sindhu / October 31, 2009, 1:17 IST
Fast moving consumer goods (FMCG) companies are likely to register a modest growth for the July-September 2009 quarter on the back of rising consumer demand which is expected to considerably reduce the impact of a disappointing monsoon on sales. Traditionally, summer and winter months make up 30-40 per cent of any FMCG company’s overall sales.
The qualifying bids for three Ultra Mega Power Projects (UMPPs) in Orissa, Chhattisgarh and Tamil Nadu would be invited by the end of the current fiscal, a senior government official said today.
The Sensex is still in the red and is exhibiting lacklustre movement.The index is now at 17,024, down 26 points.
It bid adieu over a week later than normal.
Bhupesh Bhandari / New Delhi November 19, 2009, 0:17 IST
About 20 million mobile phones without International Mobile Equipment Identity (IMEI) will be non-functional from tomorrow as the government’s deadline to ban mobile handsets without the unique identification number came to an end today.
FMCG player Godrej Consumer Products today said it is ready to acquire some of its joint venture partner Sara Lee"s international businesses if the US-based company decides to sell its global assets.
Beauty services provider Kaya Skin Clinic will invest Rs 100 crore in setting up around 75 outlets across the country as well as in Saudi Arabia over the next three years.
Consequent to the sharp run up in markets in 2009, investors will have to be careful in picking stocks while lowering their return expectations
The existing IIMs will have to guide the new ones even as the issue of faculty crunch has raised its ugly head again
The Bombay Stock Exchange’s (BSE’s) benchmark index, the Sensex, may be more talked about and valuable as a brand compared with the National Stock Exchange’s (NSE’s) Nifty, but the latter brings more business for NSE. Now, the Nifty may bring business for BSE, too, as the country’s oldest exchange has decided to allow trading in all exchange-traded funds (ETFs) listed on its rival exchange. These include Nifty-based ETF.
To avoid any kind of misuse or instances of cheating during the 10-day computerised Common Admission Test (CAT), which begins tomorrow, the Indian Institutes of Management (IIMs) have published a legal disclaimer which, if flouted by any student, can attract imprisonment and a fine.
With seats in certain national level institutes remaining vacant due to multiple counselling, the IITs and NITs could start common counselling, a move that would smoothen the admission process and reduce hardship of students.
Global majors like Microsoft, Yahoo! and Google may have decided to trim their workforce worldwide to cope with the economic turmoil, but these entities do have openings in India.
T N Ninan picks out 10 themes for the coming 10 years.
Plastic goods maker Ester Industries today said it has registered a more than ten-fold increase in its net profit at Rs 10.8 crore for the quarter ended March 31, 2009, against Rs one crore in the same period last year.
India’s commodity futures turnover from four national exchanges and 18 regional ones during the December 1-15 period stood at Rs 4.44 lakh crore, up 131 per cent from the same period a year ago, said an official with the Forward Markets Commission (FMC).
India’s high net worth individual (HNI) population shrank by 31.6 per cent to 84,000 in 2008, mainly due to a drop in the pace of economic growth and erosion in market capitalisation, according to the Asia-Pacific Wealth Report released by Merrill Lynch Wealth Management and Capgemini.
To be tabled in Winter, Budget sessions of Parliament.
The Ashok Leyland stock continues to trade at a fairly high multiple of 25 times estimated 2009-10 earnings and 15.5 times 2010-11 earnings. The Street is pencilling in a recovery in the commercial vehicles (CV) cycle but almost all of that appears to be in the price.
Supporters of Tata Steel in Bastar acted as a shield to prevent Communist Party of India (CPI) leaders and environment experts to visit the project affected villages and meet the people. The CPI leaders along with environment experts from Hyderabad and New Delhi had yesterday organised a public hearing on party"s banner in Badanji village. It is one of the ten villages to be affected by the 5.5 million tonnes per annum (MTpA) Tata Steel plant coming up in Lohandiguda area.
Rising demand for cleaner and cost efficient fuels, and the forthcoming Commonwealth Games are positive triggers for Indraprastha Gas.
The World Bank is expected to increase its lending to India by over three times to USD 7 billion in 2009-10 compared to the average $2.3 billion for the last four financial years.
Raw materials may return more than financial assets for the first time in three years as the global economy rebounds, according to Bloomberg surveys and 2009’s most accurate commodity forecasters.
Developing-nation stocks may rise 32 percent in the next 12 months as a faster-than-expected earnings recovery fuels a long-term bull market, Morgan Stanley said.
No clarity yet on brokerage fee, securities transation tax yet.
Mysoreans will have the opportunity of witnessing for the first time thrilling aerobatic demonstrations by the Suryakiran team of the Indian Air Force (IAF) during this Dasara.
Polling to elect new assemblies in Maharashtra, Haryana and Arunachal Pradesh began early this morning, in the first crucial test of popularity for major political parties after the Lok Sabha polls six months ago.
The Foreign Institutional Investors (FIIs) were net buyers of Rs 300.84 crore in futures and options segment on Monday.
The implementation of mobile number portability (MNP) is likely to be delayed by one to three months, with operators still not fully prepared to meet the deadline and with the government imposing new requirements with respect to security.
An IMRB study details how mobile number portability will impact service providers.
The fissures in the Congress over the Telangana issue today came to the fore in the Lok Sabha with Y S Jaganmohan Reddy along with some other party members joining a TDP protest against the decision to carve out a separate state from Andhra Pradesh.
Terming as "most immature and irresponsible" the UPA government"s handling of the Telangana problem, BJP today said the Centre "should apply its mind" to solve the problem.
Arvind Singhal / New Delhi December 17, 2009, 0:02 IST
The Lok Sabha today passed three bills in 15 minutes without any discussion as opposition members protested vociferously against price rise and carving out Telangana from Andhra Pradesh.
The Nifty has a strong support at the 5,000 mark.