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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 ...

Tata Tea full-year net at Rs 701 cr
Income growth driven by price rise, brand performance, forex gain. Mumbai, June 10 Tata Tea has posted a consolidated a net profit of Rs 701 crore for the year ended March 2009 against Rs 1,543 crore for the previous ...



Big is...
TODAY'S PICK (Latest Audio: English/Tamil)
Lloyd Electric (Rs 42.40): Buy
We recommend a buy in Lloyd Electric and Engineering from a short-term trading perspective. The stock has been on an intermediate term up-trend since the low of Rs 13.6 recorded on March 6. Though this trend is halting since the last week of ...


Ministry may dump spectrum panel’s proposal on 2G auction
New Delhi, June 10 The Communications Ministry is likely to reject the recommendations made by the Spectrum Committee to auction spectrum for GSM-based cellular services and favour maintaining status quo on the existing ...

Sensex gains 340 points
Mumbai, June 10 The benchmark indices made strong gains for the second consecutive day ...

Stand in the sun for extended talk time
SAMSUNG’S POWER PACK. New Delhi, June 10 Samsung India has come out with a solar-powered phone, the Samsung Solar Guru (Guru E1107). But to charge the battery fully via the solar panel, the phone needs to be kept in the sun for 40 ...

NTT DoCoMo open to hiking stake in Tata Tele
To tap application developers in India. New Delhi, June 10 Japanese mobile company NTT DoCoMo is open to picking up further stake in Tata Teleservices if it gets the right ...

New system launched for auto-LPG pricing
Kolkata. June 10 The public sector oil companies including IndianOil, BPCL and HPCL have introduced a new pricing mechanism for ...

Losses on subsidised fuels may touch Rs 40,000 cr
World crude prices continue to move upwards. Mumbai, June 10 As world crude prices continue to climb, Indian oil refiners are concerned that the annual losses (or under-recoveries) on sale of petrol, diesel, kerosene and cooking gas could touch ...

Overseas funds: Banks for reinstating I-T exemption on interest paid
Mumbai, June 10 To bring down the cost of resources mopped up via overseas foreign currency borrowings, banks have sought restoration of income tax exemption on the interest payable on funds borrowed from foreign ...

Honda’s Jazz is here sporting a Rs 6.98-lakh price tag
New Delhi, June 10 Japanese premium car maker Honda Motor Co has finally entered the country’s competitive compact car segment with the launch of its hatchback ...

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 ...

IPL effect: India Cements to score more with CSK brand
To use brand to capture new markets; plans merchandising, talent hunts. Chennai, June 10 Putting behind the disappointment of its team Chennai Super Kings not making it to the IPL finals this year, in spite of it being one of the favoured teams, ...

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 ...

Customer response @ speed of light
Technology has changed the way retailers and service providers function.. We live in a technology-driven nano world. The Internet, mobile communication andhigh-speed transportation have all made the world a very small place to live in. The world ...

Monsoon may not revive for another week
The monsoon may not revive for anther week setting the clock back on its entry into the farming heartland, an India Meteorological Department (IMD) said on ...


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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


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