Infrastructure sector growth slips to 4% in September
Cement, coal, power sectors play spoil sport. New Delhi, Oct. 28 Growth in key infrastructure sectors slipped in September after a strong showing in August, which could contribute to a possible moderation in the industrial ...
RBI pushing for acquisition of weak, sick urban co-ops
‘Amalgamation must ensure 100% protection to depositors’. Mumbai, Oct. 28 The Reserve Bank of India appears inclined to encourage takeover of weak/sick urban co-operative banks (UCBs) by domestic scheduled commercial banks ...
The Minister for Corporat...
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Tata Communications (Rs 438.1): Sell
We recommend a sell in the stock of Tata Communications from a short-term perspective. It is apparent from the charts of the stock that following a medium-term uptrend from Rs 382 in February it changed direction. Since then, it has been on ...
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Shankar Sharma’s plea against ban dismissed
SAT upholds market regulator’s charge on manipulative trades. The Securities Appellate Tribunal (SAT) on Wednesday dismissed an appeal filed by Mr Shankar Sharma against a February 2009 SEBI order that barred him from accessing the ...
HPCL skids on oil bond delay
Kerosene, LPG losses top Rs 10,300 cr for all refiners. Mumbai, Oct. 28 The Centre’s dithering on issue of oil bonds has pushed Hindustan Petroleum Corporation into the red in the second quarter of this fiscal with losses totalling Rs ...
RNRL says Oil Ministry colluding with RIL to prevent gas sale at $2.34/unit
Charges ‘baseless’, say Reliance counsel, Additional Solicitor General. New Delhi, Oct. 28 The Anil Ambani-promoted Reliance Natural Resources Ltd (RNRL) alleged on Wednesday before the Supreme Court, which is hearing the gas row ...
US panel favours 100% FDI in telecom sector
Recommendations sent to DoT; discussions on Nov 3. The United States Telecommunications Sub-committee, an advocacy body which looks into telecom regulations around the world, has suggested a slew of reforms for India to implement in the ...
Class Action suit provision in Cos Bill to compensate investors
New Delhi, Oct. 28 The Corporate Affairs Minister, Mr Salman Khurshid, on Wednesday said that the Companies Bill, 2009 will also have provisions for Class Action suits that will allow investors to seek compensations ...
Banks told to lend more to farm, small sectors
Credit flow to employment generating areas. New Delhi, Oct. 28 At a meeting with the CEOs of north-based public sector banks, the Finance Minister, Mr Pranab Mukherjee, urged them to enhance credit flow to ...
Higher income pushes Bank of Baroda net up 60%
Credit growth seen stronger in second half. Mumbai, Oct. 28 Bank of Baroda’s net profit grew 60 per cent to Rs 634 crore for the quarter ended September 30, 2009, from Rs 395 crore in the same period last ...
ACC, Ambuja Cement net profits rise on lower input cost
Dip in coal prices helps cut production cost. Mumbai, Oct. 28 Holcim Group companies, ACC and Ambuja Cement, have posted a strong performance for the quarter ended September 30. While ACC showed a 60 per cent growth in net profit, Ambuja ...
Metal counters lose shine on LME volatility
Financial performance, profit-booking drag sentiment. Mumbai, Oct. 28 The BSE metal index has dipped over 8 per cent in the last one week against the 4 per cent drop in ...
Rains along TN coast to intensify
The MJO wave is an upper level phenomenon transiting from west to east over the Indian Ocean and has alternating dry and wet ...
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