WEB EXTRAS
COMMODITY EXCHANGES
Pepper futures decline
Pepper futures witnessed a sharp fall on Thursday on speculative selling despite prices in Brazil moving up. Market observers alleged that some exporters who had committed at discounted levels were pushing down the prices in order to cover. ...
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OVERSEAS BORROWINGS
Canara sees good pricing for issue
The exercise for placement of the $300 million medium-term note issue of Canara Bank has begun and pricing is expected to be even finer than anticipated. Banking sources said that rating of the issues had begun. Indications were that the ...
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MUTUAL FUNDS
Franklin Templeton launches capital protection fund
Comes in two different plans; No entry, exit load
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PETROCHEMICALS
Rs 16,522-cr capex outlay for ONGC
Budget estimate for 2007-08 also raised to Rs 18,359 cr
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TEXTILES
Raymond cuts a deal with NIFT
To access design inputs and enhance tailoring services
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Govt mulls Kanpur mill, NTC merger
The Government is seriously considering the merger of the British India Corporation Mill of Kanpur with National Textile Corporation (NTC), according to Union Textile Minister Mr Shankersinh Vaghela. Stating this at a meeting of the ...
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LIFE INSURANCE
IDBI net 6 pc higher in Q2
Other income falls to Rs 192.61 cr; treasury income rises to Rs 650.6 cr
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AGRICULTURAL POLICY
UP mills to be served notice for excess sugar sale
Mills cannot dispose of or even remove sugar from their bonded godowns without an FSQ release order from the Directorate.
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RBI & OTHER CENTRAL BANKS
RBI cancels urban co-op bank licence
The Reserve Bank of India cancelled the licence of The Bharat Mercantile Co-operative Urban Bank, Hyderabad, on October 17, as all efforts to revive the bank had failed. The RBI also requested the Registrar of Co-operatives Societies (RCS), ...
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PRIVATE BANKS
Centurion, LKB merger challenged
A shareholder of Lord Krishna Bank on Wednesday approached the Kerala High Court challenging the decision taken at the AGM of the bank to merge it with Centurion Bank of Punjab. The petition was filed by Mr Umesha Kumar Pai of Ernakulam, who ...
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INCOME TAX
Rs 2.8 crore seized from Delhi hoteliers
The Air Intelligence Unit of the Income-Tax Department here seized Rs 2.8 crore in cash from a father-son duo belonging to the hotel industry after they disembarked at the Begumpet airport here on Thursday morning. Addressing newspersons, the ...
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OUTLOOK
AP I-T collection target raised by 27 pc
Having emerged as the only State in the country to have exceeded the targeted tax collections during the last fiscal, the Income Tax Department here has set a higher budget target of Rs 8,479 crore for the current fiscal, which is 27.12 per cent ...
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Centre for sustainable aquaculture to be set up
To be launched in Nov last week
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IMD declares onset of N-E monsoon
But no sign of `low'/depression materialising over the Bay
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