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Federal Bank, Catholic Syrian merger likely in a month Chennai, June 16 The merger of Catholic Syrian Bank with Federal Bank is expected to be through in a ... 3G spectrum: Ministries divided still No decision taken at Pranab-Raja meeting; further discussions in the offing. New Delhi, June 16 The deadlock between the Ministry of Communication and the Ministry of Finance over spectrum pricing for third generation (3G) services continued ...

Innovation focus: Mr R. G...	TODAY'S PICK (Latest Audio: English/Tamil) Apollo Tyres (Rs 34.80): Buy We recommend a buy in the Apollo Tyres stock from a short-term trading horizon. It is visible from the charts of Apollo Tyres that it has been on an intermediate-term uptrend since its March low of Rs 14.7. This low is apparently a 52-week ... Day Trading Guide

Coal India plans to divest up to 10%
Landholders, employees may get shares. New Delhi, June 16 The Centre is considering divesting up to 10 per cent stake in state-owned Coal India Ltd (CIL), the country’s largest coal ...

States prefer bank deposits over T-Bills to park funds
Some PSBs offer rates of about 4% on three-month bulk deposits. Bangalore, June 16 States have shifted to parking funds in public sector bank deposits with yields on Treasury Bills (T-Bills) ...

FDI in retail can wait
It is by now common knowledge that the country’s organised retail sector comprising malls, speciality stores and supermarkets is in a state of disarray following the global economic crisis that started in mid-2008. The euphoria that marked ...

Stocks going out of F&O segment turn weak
40 of 50 short-listed stocks shed up to 14%. Mumbai, June 16 Forty of the 50 stock that will be excluded from the derivatives segment following the F&O expiry this month on June 25 have fared badly on the exchanges during the last ...

Difficult year ahead, says SCI chief
Good time to buy ships, but raising funds a challenge. Mumbai, June 16 “This is going to be a very tough year,” said Mr S. Hajara, Chairman and Managing Director, Shipping Corporation of India Ltd, the largest shipping company in the ...

CEOs delegation visiting US to boost trade ties
Mr Venu Srinivasan, President, Confederation of Indian Industry (CII), will be leading a group of Indian CEOs on a visit to the US to meet key officials of the administration and ...

Cognizant sees drop in revenue share from top customers
Chennai, June 16 Cognizant Technology Solutions expects the share of revenues from its top five and top ten customers to continue to decline over time even as it keeps adding new customers and increases its penetration with existing ...

Monsoon-reviving ‘low’ may spring up by weekend
Thiruvananthapuram, June 16 India Meteorological Department (IMD) has said that the expected strengthening of the monsoon current would throw up a crucial ‘low’ over northwest Bay of Bengal by ...

Central banks grope for ‘exit strategy’
‘Exit strategy’ is the current buzzword. It refers to the massive fiscal and monetary stimulus packages that governments and central banks were forced to inject into crashing economies and financial markets and the need to ...

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