The Hindu Business Line : Saturday, November 07, 2009

SBI cuts deposit rates on slow credit, liquidity glut
Second time in two months to protect interest margins. State Bank of India has snipped interest rates by 25-50 basis points on deposits up to five years ...

BSNL too offers per second billing
Under per-minute scheme to charge 49 paise for all calls. New Delhi, Nov. 6 Bharat Sanchar Nigam Ltd has joined the ongoing mobile tariff war by announcing a slew of initiatives including a scheme based per second ...

On right track: (From rig... PSU stocks react positively to disinvestment plans
Timing, pricing of public issues would be vital: Analysts. Mumbai, Nov. 6 Shares of PSUs with more than 90 per cent Government stake gained between 10 and 20 per cent in Friday after the Cabinet decided to raise public shareholdings in the ...

Windows 7 to be available off the shelf soon
CBEC clarification on taxes on packaged software to free consignments at ports. New Delhi, Nov. 6 Microsoft’s latest Operating System Windows 7 will soon be available off-the-shelf and so will a host of other new software ...

India-focused ETFs on the rise in US
Rising American retail interest. Ironically, it is the lack of interest in the Indian capital market on the part of the ...

3.4 million apply for 11,000 clerical vacancies in SBI!
BANKABLE JOBS. Chennai, Nov. 6 Clerical jobs, you may think, are out of fashion. Think again. State Bank of India advertised a few months ago for 11,000 clerical vacancies. The response, to put it mildly, has been ...

Asset bubbles to exit recessions?
In its last several meetings, the Federal Open Market Committee (FOMC), the US interest rate and monetary policy setter, hasn’t had much thinking to do. Its decision was obvious — to keep interest rates near the zero level that ...

SBI told to stop buyouts within group
Govt preparing paper on consolidation. State Bank of India has been told by the Government to refrain from going in for further acquisitions of associate banks within the SBI ...

Will Manmohan acknowledge the Modi model?
Tomorrow the Prime Minister will inaugurate the World Economic Forum’s India Economic Summit. Lots of businessmen from all over the world will be present. They will listen attentively to him because they will be looking for ways to make ...

Govt staff pension funds to hike equity investments by this fiscal
New norms allow fund managers more leeway. Mumbai, Nov. 6 Pension funds managing the New Pension Scheme (NPS) for Government employees will conform to new investment guidelines by the end of this fiscal, said fund ...

Hotel sector hopes the worst is over
Revenue/room increased 6.5% in Q2. Mumbai, Nov. 6 The ghosts of the first quarter continued to haunt hotel companies in the second quarter too. With no increase in uptake, their profits only shrank ...

Patni Computer plans $200-400 m acquisition
Likely to close deal in next three months, says CEO. Chennai, Nov. 6 Patni Computer Systems Ltd plans to spend $200-400 million in acquiring an IT company that is into EAI (Enterprise Application Integration) space and specialising in the ...

Govt can’t help Price Waterhouse on class-action suits in US: Khursheed
The Government has ruled out involving itself in the class-action suit that the auditor Price Waterhouse (PW) is facing in the US in the Satyam ...

North-East monsoon vigorous over South
New Delhi, Nov 6 The North-East monsoon has been vigorous over south coastal Andhra Pradesh and active over Tamil Nadu and Kerala during the 24 hours ending Friday ...

Markets this week (Latest Audio:English/Tamil)
Domestic stocks slipped for the sixth consecutive day on Tuesday as global cues remained negative. Opening after an extended weekend, with Monday being a public holiday, the Sensex nose-dived 491 points to a two-month low of 15,404.8 points. ...