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BUSINESS LINE wishes its readers
A MERRY CHRISTMAS
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India Inc raises Rs 45,000 cr less this year compared to 2007
Global crisis chokes overseas pipeline; debt mop-up fares better than equity. India Inc finds raising money a lot tougher proposition in 2008 compared to the previous year if data compiled by Bloomberg news agency is anything to go by. It could ...
ICICI Bank to depend less on agents
To leverage network of 1,400 branches to expand business. Mumbai, Dec. 24 ICICI Bank, the largest private sector bank in the country, plans to curtail its dependence on direct sales agents (DSAs) for sourcing retail loans in order to bring down ...
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‘Well done’...
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Satyam Computer recoups after sharp slide
World Bank ban weakens sentiment further. Hyderabad, Dec. 24: The Satyam stock has hit a 52-week low of Rs 114.65 on Wednesday on reports of World Bank confirming that it barred the company for eight years from getting ...
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Oil majors stare at Q3 losses
Low crude prices yet to reflect. Mumbai, Dec. 24 Despite crude prices falling to $35 per barrel, the Big Three public sector oil refiners are fortifying themselves for another round of net losses in the third quarter of ...
Kotak Securities fined Rs 10 lakh
Violation of SEBI norms on DPs. Mumbai, Dec. 24 The Securities and Exchange Board of India on Wednesday imposed a fine of Rs 10 lakh on Kotak Securities Ltd (KSL) for alleged violations of SEBI Regulations pertaining to the Depository ...
Banks roll out red carpet to Govt employees, PSU staff
AUTO LOANS. Private sector job losses and stagnating salaries are propelling banks to go after the best bet to inflate their auto lending portfolio — Government employees. With a shaky job market, pink slips and salary cuts threatening the ...
Maruti, Nissan in talks over quantum of orders
Maruti to ship first lot of contract-made cars for Nissan by Feb-Mar. New Delhi, Dec. 24 Maruti Suzuki on Wednesday said its first consignment of contract manufactured cars for Nissan is likely to be shipped during the next two to three ...
Pakistan stalls, obfuscates and erases evidence
In the five years I lived in Pakistan, a constant feature was the ever-present ISI minders who followed me wherever I went. Their surveillance was crude. On one occasion they seated themselves next to a table at which I was hosting Maleeha ...
It’s a bumpy ride for BPO cos
Players in BFSI space have to contend with thinner margins, lower billing rates. Mumbai, Dec. 24 The ride just got bumpier for Indian BPO companies in 2008. However, the smarter ones took this opportunity to diversify and tweak their business ...
Slowdown reflected more on deposit side: J.M. Garg
‘Deposit, lending rates heading southwards’. Mangalore, Dec.24 Corporation Bank is a 102-year- young and vibrant brand that can attract a wide spectrum of customers, says Mr J.M. Garg, Chairman and Managing Director of the bank. As ...
M&A deals lack lustre on slowdown blues
Total value of deals declines 41% to $41 b in 2008. Mumbai, Dec. 24 Merger and acquisition (M&A) deals and private equity investments in 2008 suffered a major setback in line with the financial crisis and global ...
Mutual back scratching
A bargain hunter wouldn’t do a second transaction at the same shop because conventional wisdom says the shopkeeper would get his back on the customer in the second outing. Many housewives are excellent shoppers and they keep this ...
Bill to change Apeda Act to protect trade mark interests
About 300 instances of infringement of rights in basmati. New Delhi, Dec. 24 India’s case for safeguarding its specified agricultural and processed food products such as basmati rice, Darjeeling tea or Alfonso mango – which have been ...
Fortis Healthcare board clears Rs 1,000-cr rights issue
Money to be used for new projects, acquisitions. The board of directors of Fortis Healthcare Ltd at its meeting on Wednesday approved, in principle, the company’s plan to raise funds by issue of equity shares with warrants on a rights ...
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