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Monday, December 22, 2008
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WEB EXTRAS

SECURITY: ‘Taj repair costs to be lower than insurance cover’
Tower block opens with 65% occupancy. Mumbai, Dec. 21 The cost of repairs and renovation of Taj Mahal Palace and Towers in Mumbai, which was damaged during last month’s terror attacks, will be less than the hotel’s insurance cover of ...

ECONOMIC OFFENCES: Securities market offences: Panel backs SEBI on refunds
New Delhi, Dec. 21 A Parliamentary Panel has supported the view of the Securities and Exchange Board of India that the anti-money laundering law in the country should provide for the refund of proceeds that are attached in securities ...

MINING & QUARRYING: Owning iron ore mines does not benefit steel cos much
‘Developing iron ore mines is an expensive proposition’. Chennai, Dec. 21 Ownership of iron ore mines is no great advantage to a steel company, according to Mr B. Muthuraman, Managing Director, Tata Steel Ltd. Tata Steel has owned ...

REGULATORY BODIES & RULINGS: Fund-raising windows opened a tad wider
The global financial crisis has resulted in a serious aversion to risk the world over, leading to a severe liquidity crunch. In a move calculated to aid fund-starved companies and to alleviate the current market pressures, Indian ...

INSIGHT: The laws of business
Timeless basics that the young manager would do well to adopt. The Unwritten Laws of Engineering by W. J. King was first published in 1944. The book was revised and updated in 2001 by James Skakoon. He changed the last word of the title from ...

ECONOMY: Fight ‘fear of recession’ first
HR expert lists do’s and don’ts for companies.. How is the recession, the full effect of which may yet be coming, impacting our IT (information technology) companies? While a few big companies are suffering, some small players are ...

INTEREST RATES: FICCI moots 8-point agenda to boost housing demand
With the global liquidity crisis and investors dumping realty stocks, the market capitalisation of 14 listed Indian real estate companies saw a year-on-year erosion of over 80 per cent, as on December ...

MARKETING: Aviation Ministry plans ad campaign to get flyers back
The Ministry of Civil Aviation is keen to get you back in the air, even if it means spending several crores in the ...

POLICY: Oil price cuts
Responses to Sticklish Issues dated Dec 8. The reduction in the prices of petroleum products announced by the Government is only symbolic; crude oil prices in the international market have crashed to less than one-third of the peak last ...

RESEARCH & DEVELOPMENT: ISRO-built communication satellite launched
Bangalore, Dec. 21 National space agency ISRO has stormed into the global satellite export market. W2M, its first communications satellite export jointly bid with EADS Astrium, was put into space on an European launcher on Sunday morning, ...





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Markets (Dec 20)
Nifty (at close)3077.50(+16.75)
US Dollar (Buy/Sell)47.18/20
Brent crude (a bbl) Rs1,963
Gold (a gram) Rs1,190
Silver (a kg) Rs18,100


In Focus
Pravasi Bharatiya Divas, Singapore

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Looking back
Dec. 14-Dec. 20
State finances to suffer further strains: Crisil

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