Convergence of markets remains non-starter
THE much talked about convergence of securities and commodity derivatives markets seems unlikely to take off soon. The Finance Minister, Mr P. Chidambaram, had announced in the Union Budget that steps to integrate the commodities markets and ...
Industrial growth tops 10 pc in Oct
THE country is, for the first time since the mid-1990s, witnessing an industrial resurgence of sorts. The official Index of Industrial Production (IIP) has registered a year-on-year increase of 10.1 per cent in October. Given that the ...
Sensex drops sharply
THE stock markets witnessed a day of sharp correction on Friday, with the major indices being dragged down by over one per cent. There was widespread selling with front-end stocks leading the downturn. The protracted battle of control of ...
Rupee slides; bonds rally
AS the domestic currency tumbled nearly 60 paise in a single session on Friday, the bond market staged a smart upward movement of around 70 paise in certain gilts. The rupee weakened to finish at 44.79/80 against the dollar as the US currency ...
Govt rules out regulatory body for steel sector
THE Government today ruled out the possibility of forming a regulatory body for keeping a check on steel prices, according to an official release. Since steel prices have been stable for the last few months, an independent regulatory body at ...
PM clears airports modernisation plan
THE Prime Minister, Dr Manmohan Singh, today gave his seal of approval for the Rs 40,000-crore expansion and modernisation plan for airports across the country as well as setting up of a regulator for the sector. The Committee on ...
As SCI celebrates record profits, union sees red
THE state-run Shipping Corporation of India (SCI) is all set to celebrate the occasion of notching up a record half yearly profits of Rs 529 crore for the first six months of the current fiscal ended September 30. This is the highest ever ...
Inflation falls a tad on cheaper food items
THE annual wholesale price index-based inflation rate slid marginally to 7.3 per cent for the week ended November 27, from the previous week's level of 7.34 per cent. The year-on-year inflation rate dipped largely on account of a sharp dip in ...
Bumper production likely in mustard/rapeseed
Overall coverage under rabi oilseeds, too, has been so far reported higher this year, at 81.22 lakh hectares.
HC says no simultaneous action under Securitisation Act, DRT
THE Madras High Court has ordered interim stay of a notice dated October 16, 2004, issued by the Central Bank of India, Chennai, under the Securitisation & Reconstruction of Financial Assets & Enforcement of Security Interest Act, 2002, again
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