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Thursday, June 11, 2009
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WEB EXTRAS

INTEREST RATES: Pranab sees merit in bank consolidation for stability
Wants banks to provide credit at reasonable rates to push growth. New Delhi, June 10 The Finance Minister, Mr Pranab Mukherjee, has put his weight behind consolidation of banks, stating that this may be necessary to improve the state of ...

OUTLOOK: Auto parts sector on recovery path
Says outlook good on domestic front; exports may suffer. Chennai, June 10 Empirical evidence gathered from auto component manufacturers in the country shows the industry is on the path of recovery, growing faster than ...

OUTLOOK: Spices exports top Rs 5,000-cr-mark
Target reduced to Rs 4,500-cr during current fiscal. Kochi, June 10 Spices exports crossed the Rs 5,000-crore mark, for the first time, during the last fiscal, despite the global economic ...

COMMODITY MARKETS: Case to freeze support price of cotton
Mumbai, June 10 Last year, the Centre fixed minimum support price (MSP) for cotton at an unrealistic level unrelated to global market ...

ACCOUNTANCY: Universal accounting will boost investor confidence
Global investors rejoice with the growing number of countries moving towards universal accounting standards — International Financial Reporting Standard (IFRS). Globalisation of the world’s capital market has led to the need for ...

FINANCIAL MARKETS: Stress test won’t help US banks
Transmission towers carrying electricity are tested to destruction to see how much load they can take. In the world of medicines, stress test is commonly administered, especially to those suffering from cardiac ailments, once again to determine ...

ACCOUNTING STANDARDS: Needed, a revised Schedule VI
All along, in the history of accounting and resultant reporting in India, Schedule VI has played midwife between the Companies Act, 1956 and the Indian Generally Accepted Accounting Principles (IGAAP). With a pretext of IGAAP harmonisation ...

COMMODITY MARKETS: Pepper futures remain bullish
The pepper futures market continued its upward run for the second day today on reports of firming up of other origins in the overseas market on tight ...

E-COMMERCE & E-BUSINESS: Nspot in talks to introduce e-trading in rural markets
National Spot Exchange (Nspot), promoted by NCDEX, has initiated talks with State Governments to modernise and introduce electronic trading platform at Agriculture Produce Marketing ...






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Markets (June 10)
Nifty (at close)4,655.25(+104.30)
US Dollar (Buy/Sell)47.24/25
Brent crude (a bbl) Rs3,313
Gold (a gram) Rs1,366
Silver (a kg) Rs24,960


In Focus
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Arcandor insolvency won’t impact Thomas Cook


US healthcare market set for price reset

Short-tenure papers in demand

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NMDC to acquire majority stake in KIOCL

ONGC vessels: SCI to take over operations

Looking back
May. 31-Jun. 6
Sun Pharma fourth-quarter net falls 45% to Rs 394 cr

DCB to bank on relationship model

Need for informed opinion ‘Nets’ more ads

No major hike in steel prices likely: Naveen Jindal



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