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Manmohan begins second term
19 Ministers of Cabinet rank sworn in; Mamata, Pawar join the team. New Delhi, May 22 With the swearing in of Dr Manmohan Singh as Prime Minister and a 19-member Cabinet at the Rashtrapati Bhavan on Friday, the new Government is in the ...
Satyam facing stress on bottomline: Karnik
Board mulls cost control measures. New Delhi, May 22 Admitting that there is stress on Satyam’s bottomline, the Chairman, Mr Kiran Karnik, said on Friday that the board is considering options to control costs – including wage cuts, ...
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On new hope:The Pr...
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Fund houses line up new offers on whiff of positive sentiment
Some caution that recent rally may not attract investors’ money. Mumbai, May 22 Mutual fund houses are hoping to push through their new fund offers as they sense investor sentiment turning positive after the recent rally in ...
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ITC Q4 net rises 10% to Rs 809 cr
Full-year performance sees overall growth. ITC has posted a 10 per cent rise net profit in the fourth quarter of 2008-09 at Rs 808.99 crore against Rs 735.64 crore recorded in the comparable quarter the previous ...
RBI Governor cautions Govt against more fiscal stimulus
‘…sustainability of the recovery requires returning to responsible fiscal consolidation’. Mumbai, May 22 The Reserve Bank of India Governor, Dr D. Subbarao, has cautioned the new Government that another fiscal stimulus package ...
DoT, Defence Ministry bury the hatchet on spectrum vacation
Sign MoU to release spectrum for mobile services. The Department of Telecom and the Ministry of Defence have finally signed the memorandum of understanding for vacating spectrum after both sides softened their stance on the various demands put ...
Delhi HC dismisses Nokia Siemens’ appeal
Option open for Finnish co to move courts in 4 zones. New Delhi, May 22 The Delhi High Court today dismissed a petition filed by Nokia Siemens Networks (NSN) seeking a stay in the tendering process of state-run telecom ...
Coffee crop hopes gain on timely blossom showers
Growers see production rebounding during 2009-10. Bangalore, May 22 Timely pre-monsoon and backing showers in the country’s key coffee growing areas of Kodagu and Chikmagalur have raised the prospects of a better crop for ...
Private sector insurers facing capital pressure
Foreign, domestic partners balk at raising additional equity. Bangalore, May 22 Private sector non-life insurance companies in the country are beginning to face the heat of capital pressure, with global parents slowing down on investments in ...
Global airlines woo travellers with bargain fares
If you are planning a trip abroad, this is the best time to do so with airfares being offered at rock-bottom ...
EU rejects Indian seafood shipments
Nitrofuran, cadmium presence above norms. Kochi, May 22 The European Union has rejected three shrimp export consignments from Sri Lanka and one each from India and Bangladesh for the presence of the metabolite nitrofuran above the prescribed ...
Markets this Week
The Congress led UPA's (United Progressive Alliance) astounding victory in the Lok Sabha elections pushed the Indian bourses to dizzying heights on Monday, though only for a fleeting moment. At the opening, the markets were locked at a 15% high ...
Bay ‘low’ forms, tipped to intensify as depression
Thiruvananthapuram, May 22 A monsoon ‘low’ has formed over east-central Bay of Bengal on Friday which India Meteorological Department (IMD) put under watch straightaway for signs of intensification as a ...
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