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Inflation at 8.75%, hits 7-year high on dearer primary goods
Estimates do not factor in the retail fuel price hike
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Bond prices fall by 40 paise
Mumbai, June 13 Bond prices tumbled by around 40 paise for the second consecutive day as domestic inflation soared to 8.75 per cent and triggered fears of another rate hike.The 8.24 per cent-10 year-2018 benchmark paper opened at Rs ...
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Export duty on long steel products hiked
New Delhi, June 13 In its continuing inflation-busting efforts, the Centre has raised the export duty on long steel products used in construction and infrastructure projects from 10 to 15 per cent, alongside clamping a flat 15 per cent ad ...
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Reliance Comm-MTN merger talks could be in trouble
Mukesh Ambani seeks first right to RCom’s shares; younger Ambani rejects claim
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Ranbaxy shares up on buzz of Pfizer interest
Could Pfizer’s interest in holding onto its block-buster cholesterol drug Lipitor drive the US-based drug major to make counter predatory moves on Ranbaxy? And this, just days after Ranbaxy’s promoter family sold out its entire ...
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Esmark rejects Severstal offer of $17/share
Essar Steel ahead in race; Severstal has 10 days to raise offer
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Banking conclave
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TPG Newbridge may invest in Shriram City Union
TPG Newbridge may invest $150 million for a 49 per cent stake in a company that will be created to hold 100 per cent of the equity capital of Shriram City Union Finance, it is reliably learnt.The arrangement is similar to the one that was ...
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DAE maps out ‘clusters’ of Fast Breeder Reactors
Lines up at least four units to be constructed by 2020
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Global uncertainty hits M&A deals
Mumbai, June 13 Uncertainty in global financial markets seems to have dented merger and acquisition deals in India. For the first five months of 2008 there were only 215 M&A deals valued at Rs 57,372 crore ($13.66 billion) against ...
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SBI to float private equity fund for SMEs
We will take a call on rates after a week or two: Bhatt
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India’s IT market likely to grow 18%: Forrester
‘It’s not just talent pool, but a lucrative market as well’
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Wheat procurement tops 220 lakh tonnes
Record purchases in UP, Madhya Pradesh, Rajasthan
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Full monsoon coverage with 14-day lead time seen
Thiruvananthapuram, June 13 A fleet-footed monsoon persisted with its hurried run into the northwest on Friday calling in at Rajasthan, Haryana and Punjab, having covered entire Uttarakhand, Himachal Pradesh and Jammu and Kashmir. It ...
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The bankers’ bonhomie
JIBES AND ADVICE TOO
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Markets this Week(Latest Audio:English/Tamil)
The Sensex opened on Monday with a huge gap down of nearly 450 points at 15,115, fell further to touch the day's low of 14,846, and closed at 15,066. Zooming oil prices, grave outlook on inflation and selling spree by FIIs made the investors ...
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