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Friday, February 06, 2009
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WEB EXTRAS

EMPLOYMENT: 59 Mastek ‘benched’ staff to quit
Mumbai, Feb. 5 Fifty-nine employees of Mastek Ltd have decided to leave the company three days after the IT firm ‘benched’ 10 per cent of ...

ECONOMY: Exports likely to fall short of target by $25 b
New Delhi, Feb. 5 The country’s export juggernaut is visibly slowing down. The quick estimates of export receipts for the first 10 months of the current fiscal confirm that the merchandise exports would run substantially short of ...

EXPORTS & IMPORTS: Pepper trade seeks reintroduction of special export scheme
The pepper trade here has urged the Union Commerce Ministry to reintroduce the Vishesh Krishi Upaj Gramodyog Yojana (VKUGY) for pepper given the decline in exports due to comparatively higher parity of Indian black pepper in the international ...

TAXATION: Service tax clarification may lower property prices, says CREDAI
Mumbai, Feb. 5 The residential property segment could see a relief in prices of 7-11 per cent following the clarification issued by the Union Finance Ministry on ...

FOREX: ‘Credit for exporters in foreign currency to be dearer’
Mumbai, Feb 5 The Reserve Bank of India on Thursday announced a host of measures to alleviate the problems faced by banks. Among others, the measures include making credit for exporters in foreign currency dearer by 250 basis points, doubling ...

ALLIANCES & JOINT VENTURES: Trent ties up with Inditex to bring Zara
Mumbai, Feb. 5 Trent Ltd, the retail arm of the Tata Group, has announced a 49:51 joint venture with Inditex Group of Spain to launch Zara stores in India. Inditex is one of the world’s biggest fashion retailers from Spain. Its ...

REAL ESTATE & CONSTRUCTION: Parsvnath in talks to recast debt; expansion on hold
New Delhi, Feb. 5 Parsvnath Developers Ltd is looking to restructure its debt, and rein-in some of its expansion plans such as retail and overseas ventures, amid tight liquidity conditions and slump ...





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Markets (Feb 05)
Nifty (at close)2,780.05(-23.00)
US Dollar (Buy/Sell)48.84/85
Brent crude (a bbl) Rs2,134
Gold (a gram) Rs1,297
Silver (a kg) Rs21,195


In Focus
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NMDC to go slow on buying mining assets abroad


‘Credit for exporters in foreign currency to be dearer’

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Looking back
Jan. 25-Jan. 31
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