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Satyam to call for global bids
SEBI clears proposal to let investor pick 51%; lock-in rider for three years. Hyderabad, March 6 With the Securities and Exchange Board of India giving the go-ahead, Satyam Computer Services will soon kick-start the global competitive bidding ...
Core sector growth dips to 1.4% in January
New Delhi, March 6 Growth in the country’s six infrastructure industries slowed to 1.4 per cent (provisional) in January this year compared with 3.6 per cent in January last year mainly on account of deceleration in coal production ...
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Credit demand being met: ...
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LIC increases stake in banks as FIIs go on selling spree
Kolkata, March 6 Some FIIs have been offloading bank stocks this year but Life Insurance Corporation has been increasing holdings in banks’ shares, both in private and public sectors, through market ...
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TRAI mulls tariff regulation for DTH
Will also look into carriage fees. New Delhi, March 6 The Telecom Regulatory Authority of India will consider tariff regulation in the DTH ...
ICICI Bank cuts rates on new home loans
Mumbai, March 6 Private sector ICICI Bank has cut the interest rates on floating home loans for new borrowers by 25-50 basis points, with immediate ...
A homecoming at last for Gandhiji’s memorabilia
MALLYA’s $1.8-M BID. New Delhi\ Bangalore, March 6 The five personal articles of Mahatma Gandhi that went under the hammer at an auction in New York on late Thursday will come back home, but not without a hint of controversy. Mr Vijay ...
SanDisk bets big on mobiles
Sees more demand for memory cards, USB flash drives. Chennai, March 6 In the next two years, the biggest demand for flash memory cards – handy data storage devices – will come from the mobile ...
‘Cos getting credit to meet productive needs’
Mumbai, March 6 Corporates are getting credit to meet their “legitimate and productive needs”, according to the feedback received by the Reserve Bank of India from banks, Ms Usha Thorat, Deputy Governor, Reserve Bank of ...
The legacy of Dr Singh’s team
With the announcement of dates for the 2009 general elections, the UPA Government’s term comes to a virtual end; what we have now is a form of caretaker-ship. Whatever the Manmohan Singh team had to say or do for the economy has been said ...
Trading interest in index options gaining strength
‘Current volumes cannot justify hedging alone’. Mumbai/Chennai, March 6 Trading volumes in index options have been steadily rising, as a result of investors seeking a hedge against volatility in a declining ...
IT stocks advance on attractive valuation
Rupee depreciation is positive: Analysts. Mumbai, March 6 Majority of IT shares moved up on Friday, with investors picking up these stocks for their attractive valuations in a falling market as compared to ...
Coal India awarded two blocks in Mozambique
Agreement to be formally announced later this month. Kolkata, March 6 Having tried for years to acquire assets abroad, Coal India has finally tasted success in ...
Essar Group bets big on offshore services biz
Plans to expand its fleet of drilling and jack-up rigs. The Essar Group, with interests ranging from steel and shipping to refining, is sharpening its focus on the offshore oil field ...
IPL is on, but with altered schedule
No match on May 16, the day when votes will be counted. Mumbai/ New Delhi, March 6 The multi-million dollar Indian Premier League (IPL) is on, but with minor alterations in the dates and venues so that the event does not clash with the ...
Walking the talk on footwear price tags in Italy
ON THE HEELS. Milan, March 6 What is the price of this pair? That is usually the first question the group of Indian retailers asks at every stall in the Micam ShoEvent, the Italian international footwear ...
Airlines look to women to fly high
WOMEN’S DAY SPECIAL. Downturn in the economy has made the travel industry look for a new set of flyers. Now that the corporates are flying less, the latest trend is to focus on women and ...
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