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LIC to invest Rs 31,000 cr in equities, corporate bonds Another Rs 18,000-cr investment in G-Secs planned. Mumbai, Dec. 8 Life Insurance Corporation of India (LIC) would invest Rs 31,000 crore in equities and corporate bonds in the next four ... No change in price of gas from Reliance’s KG basin block Despite falling global crude oil prices. New Delhi, Dec. 8 The Government determined price for the sale of natural gas by Reliance Industries Ltd (RIL) from the D6 Block in the Krishna Godavari Basin will remain unchanged despite the steep fall ...

Meeting demand: Mr T.S. V...	Late sell-off pares Sensex gains Mumbai, Dec. 8 A late sell off on Monday pared the gains of more than 5 per cent in the benchmark indices earlier in ...

Cenvat rate cut not to cover tobacco products: Finance Ministry
New Delhi, Dec. 8 There is no relief on the wallet for smokers and users of tobacco ...

Union Bank, HDFC Bank cut lending rates
Deposit rates left unchanged for the time being. Mumbai, Dec. 8 The 100 basis points cut in short-term rates announced by the Reserve Bank of India, as part of its ‘Growth stimulus’ package, last week is beginning to have the ...

Coal pilferages on the rise as shortages haunt power units
Recovered coal is estimated to be just a fraction of what is stolen. At a time when a coal crisis is walloping the country’s power sector, with over 50 of the 77 thermal stations in the country facing “critical” fuel stocks, ...

Auto cos, dealers to write off stock losses with excise cut
‘Duty cut might not help sales due to cash crunch’. Mumbai, Dec. 8 The four percentage point excise duty cut across all vehicle categories announced on Sunday could see auto manufacturers and dealers losing at least Rs 250 crore on ...

Thumbs-up for the discerning voter
As in the 2004 Lok Sabha elections, this time around too, the Congress leadership will be most surprised at the party’s impressive performance in the Assembly elections in five States. Winning decisively in Delhi and Mizoram and emerging ...

Retail deposits continue to pour into banks
Bangalore, Dec 8 Public sector banks have begun losing their appetite for bulk deposits as flow of retail deposits ...

Consumer goods unlikely to see price cuts
No visible gains in margins, say FMCG players. Mumbai/Chennai, Dec. 8 The cost of your favourite soap or biscuit brand will not immediately come down, despite the Government announcing a 4 percentage point reduction in the ad-valorem CenVAT ...

Oil marketing companies fare better than indices
Holding on to price line boosts sentiment. Mumbai, Dec. 8 The stocks of oil marketing companies have declined much less than the benchmark indices over the last one-year period. Although the companies were not able to pass on the entire burden ...

Hospitality institutes to combine security drills with culinary skills
POST-MUMBAI ATTACKS. Mumbai, Dec. 8 Last week’s terror attack on two luxury hotels in Mumbai has come as an eye-opener for hospitality management ...

Terror on high seas, now a major worry for ship owners
Plummeting freight rates and shrinking cargo as a result of the global financial meltdown are not the only issues presently gnawing at shipping companies. The recent flare-up of terror on high seas, off the coast of Somalia, has become a ...

Depression weakens into ‘low’ over Sri Lanka
Thiruvananthapuram, Dec. 8 Bay of Bengal depression 07B has steadily weakened into a well-marked low-pressure area and further into a conventional ‘low’ over Sri Lanka and adjoining Comorin area on ...

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