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NCDEX hikes margin on sugar futures to 8.25% To curb further increase in prices
WITH sugar prices hitting the roof over the last one month, the National Commodity & Derivatives Exchange Ltd (NCDEX) has decided to enhance the margin on open positions in all sugar futures contracts from 6.8 per cent to 8.25 per cent. The ...
Is sugar price rise speculative?
IS the current sugar price surge largely speculative in nature? Going by daily trades recorded at the National Commodity & Derivatives Exchange Ltd (NCDEX), this does indeed seem to be the case. During November, daily traded values of January ...
SBI may raise equity next fiscal
STATE Bank of India may join the band of banks likely to raise equity capital in the next fiscal year, mainly to satisfy a new international banking framework that a host of central banks plan to introduce in 2006. "If it were not for credit ...
SBI's Andaman branches `now functional'
THE SBI Chairman, Mr A.K. Purwar, said the bank's branches in Andaman and Nicobar were marginally affected by the tsunami that swamped the islands on December 26. SBI has 18 branches in the islands, three of which were destroyed. He said the ...
Bond prices rally; yields likely to further soften
AT long last, bankers and debt market dealers have reason to smile. For them, the new year has kicked off on a positive note, with bond prices rallying by over one and a half rupees across maturities in the first four days alone. The 10-year ...
OBC chief Narang sees faster NPA recovery
THE filing of the first set of criminal complaints by Oriental Bank of Commerce (OBC) against five borrowers of the Global Trust Bank (GTB) would help speed up the process of recovery of NPAs of the erstwhile bank, according to the OBC Chairman ...
Curtains for textile quota brokers?
IF the wiping out of quotas in global textile trade has the exporting community celebrating, the January 1 deadline has come as a big blow to a large number of people who have been put out of work. Those left high and dry include a few ...
Petrol, diesel prices unlikely to be cut: Aiyar
THE Union Petroleum Minister, Mr Mani Shankar Aiyar, said on Tuesday that prices of petrol and diesel were unlikely to be cut in line with the falling international oil prices until the Union Government finalised a stable pricing regime. ...
Now, on offer temporary CEOs, CFOs!
LOOKING for a chief executive officer (CEO) or a chief financial officer (CFO) to work on a temporary basis, say six months to a year? Approach a placement agency, and you will get a qualified CEO or CFO immediately. Don't be surprised. The ...
Air Sahara plans to launch flights to S-E Asia, London
AIR Sahara is considering daily flights from Mumbai, Hyderabad and Delhi to Bangkok, Singapore, Kuala Lumpur, Hong Kong and London, the airline President, Mr Rono Dutta, said on Tuesday. "This will be our request to the Government. We are ...
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