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Thursday, August 12, 2010
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Promoters of new banks may be allowed higher stake
RBI paper for keeping foreign investment under 50% for 10 years. Prospective promoters of new banks in the private sector - industrial and business houses, and non-banking finance companies - could be allowed higher shareholding of 20 per cent ...

It is showering optimism on kharif
A beneficial monsoon is likely to result in a better kharif production this year, though there are a few hiccups in the form of deficient rainfall in the eastern parts of ...

The Union Minister for St...
TODAY'S PICK (Latest Audio: English/Tamil)
Federal Bank (Rs 326.3): Sell
We recommend a sell in the stock of Federal Bank from a short-term perspective. It is evident from the charts of the stock that after encountering long-term resistance in the band between Rs 360 and Rs 370 in early June, it reversed ...

Day Trading Guide

JSW may team up with steel majors for Australian coal blocks
JSW Steel Ltd is looking to acquire coking coal blocks in Australia in a joint venture with other steel majors in ...

Steel Ministry to push Posco's case
The Steel Minister, Mr Virbhadra Singh, on Wednesday said that he would talk to the Environment Ministry if required to seek ‘speedy' clearance for Posco's Rs 54,000-crore steel project ...

M&M in pole position for SsangYong as Renault-Samsung pulls out
Mahindra & Mahindra has emerged the most likely candidate to take over Korea's SsangYong Motor after Renault-Samsung withdrew from the ...

Have fixed deposit, will get credit card
TIGHTER NORMS. Planning to apply for a credit card, be ready to open a fixed deposit (FD) with ...

Declining tariffs, forex losses pull down Airtel's Q1 net 32%
Announces $3.1-b capital expenditure this fiscal. Declining mobile tariffs and losses in foreign exchange have pulled down Bharti Airtel's net profit by 32 per cent to Rs 1,682 crore in the first quarter this fiscal compared to Rs 2,475 crore in ...

Turbulent phase for India hedge funds
Post 4.6% return in 2010: Eurekahedge. India hedge funds underwent a turbulent phase in the first seven months of this year as most asset classes gyrated in both directions. Global hedge fund returns have also been flat so far in 2010. The month ...

NBFCs to banks: Rocky road to conversion
RBI releases discussion paper; stocks cool off after initial spurt. Following the announcement made by the Finance Minister in the Budget that the Government would strive to increase the penetration of Indian banks, RBI on Wednesday released a ...

Bank of England downgrades outlook
DARK CLOUDS. Recent optimism about the health of the British economy has been waning over the past few days, with the nation's central bank being the latest purveyor ...

Tata Motors set to launch electric Indica, Ace in Europe
No decision yet on domestic roll-out. Tata Motors will launch its electric Indica and Ace EV in Europe this fiscal. Mr Ravi Kant, Vice-Chairman, told Business Line that the company would begin retailing electric vehicles in the UK and ...

Bank staff, retirees get pension option
Court vacates stay; pact to be given effect immediately. The decks have been cleared for bank staff, both serving and retirees, to be given another option to join the ...

BPCL working on blueprint for ‘Dream Plan'
Targets refining capacity of 50 million tonnes in next five years. Bharat Petroleum Corporation is preparing the blueprint for a five-year strategy called ‘Dream Plan'. One of the important elements of the plan is to enhance refining ...

ICRA puts 3 ports on watch with ‘negative implication'
ICRA Ltd has placed the ratings of three port companies — Mormugao Port Trust, Krishnapatnam Port and Sical Iron Ore Terminals — on rating watch with ‘negative implication' following the recent ban on the export of iron ore ...

Wanted: Clinical research professionals
Drug discovery companies may be increasingly doing clinical trials in India and sending related work also across, but there is a large gap in the number of skilled people who conduct these trials, according to Mr S.R. Dugal, Chairman of ...

Munoth dials up phones for senior citizens
A senior citizen is out in the park for a walk and feels giddy and collapses. He presses a red SOS button on the back of his mobile phone which activates a loud siren, alerting passers-by to his plight. Simultaneously, the phone sends out ...

Keeping health score of employees to rein in cover cost
NEW TOOL. As part of their strategy to bring down the cost of group health insurance, some corporates are planning to assign their employees “health scores.” Apparently, this is being done on the advice of their health ...

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Markets (Aug 11)
Nifty (at close)5,420.60(-40.10)
US Dollar(Buy/Sell)46.70/71
Brent crude (a bbl) Rs3,731
Gold (a gram) Rs1,702
Silver (a kg) Rs29,745

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