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Groupe Danone to sell its stake in Britannia to Wadias
Sale of the 25.48% stake to be finalised on April 14. Bangalore, April 6 Groupe Danone and the Wadias are expected to end their long standing dispute with the French foods’ major set to fully exit their biscuit joint venture company, ...
‘Monetisation of deficit not on RBI’s agenda for now’
Mumbai, April 6 Monetisation of the fiscal deficit is not high on RBI’s agenda. The central bank will have to taken into account the long-term and the short-term consequences of monetisation, according to Dr D. Subbarao, Governor, ...
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Higher borrowing: (From l...
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Gold ETFs lose lustre on firm equity markets
DSP, AIG world gold funds shine. BL Research Bureau Gold ETFs, which outperformed equities during the market’s plunge to March 9 on safe haven buying, have now become ...
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JSW Steel looking for cheaper coking coal
New Delhi, April 6 JSW Steel is negotiating hard for cheaper coking coal prices for this financial ...
Re gains against dollar, closes at 50.05
Mumbai, April 6 The rupee continued its rally against the dollar on Monday, moving below the 50-level mark intra-day, for the first time in more than ...
Poll bonanza awaits Air India
TRANSPORTING EVMs. New Delhi, April 6 In less than four weeks Air India (domestic), previously known as Indian, could earn the equivalent of flying 52,000 passengers, or the equivalent of operating 300 Airbus ...
Decline in new premiums of life insurance cos
Drop in sale of ULIPs, LIC numbers contribute to fall. Chennai, April 6 For the first time since the life insurance industry opened to private players, the Annualised Premium Earnings (APE) for players has seen a decline. For April-February ...
Hammer down on glib sales pitches for ‘wonder’ fx derivatives
BANKS BEWARE. Mumbai, April 6 Smooth-talking treasury sales teams of banks, especially the supposedly savvy private and foreign ones that regularly make slick presentations to exporters on the ‘benefits’ of foreign exchange (fx) ...
Gujarat, M.P. growers stop selling wheat to pvt trade
Rain, hailstorm in Punjab may delay arrivals further. Chennai, April 6 Farmers in Gujarat and Madhya Pradesh have stopped offering wheat to the private trade and flour mills in the country. “Until two weeks ago, we were getting wheat from ...
Can PMK convert support base into votes in TN?
Chennai: Just as the battle-lines for the May 13 Lok Sabha elections in Tamil Nadu are being drawn, the capability of the Pattali Makkal Katchi (PMK) in converting its support base in the Vanniyar heartland into votes in favour ...
Arabian Sea may pip Bay to hosting storm
Thiruvananthapuram, April 6 The steaming Equatorial Indian Ocean, which holds some of the warmest waters globally, is forcing forecasters to re-plot the contours of emerging weather over the next week or ...
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