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SBI profit rises 46% in Q4 on higher other income
Unprecedented flow of deposits since November 2008, says Bhatt. Kolkata, May 9 Riding on higher other income including profits from treasury operations, State Bank of India posted a 46 per cent rise in net profit at Rs 2,742 crore for the fourth ...
FIIs pump in Rs 10,000 cr since mid-March
Do an about-turn on the Indian market. In a dramatic about-turn in their stance, FIIs have pumped over Rs 10,000 crore (on a net basis) into Indian stocks since mid-March, fuelling a 45 per cent surge in the Sensex, while for nearly a year till ...
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Better show: The SBI Chai...
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FCCBs: Riding the buyback wave
Buyback of foreign currency convertible bonds (FCCBs) by companies has been the most frequently announced corporate event at the bourses in recent months. From large companies such as Reliance Communications and Suzlon Energy to the smaller ...
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Maytas Infra board clears debt recast plan
Hyderabad, May 9 The Corporate Debt Restructuring (CDR) plan of Maytas Infra Ltd has got the nod of the Government appointed board on ...
PNB to infuse $50 m more in UK subsidiary
New Delhi, May 9 Punjab National Bank (PNB) plans to pump in another $50 million of capital into its UK subsidiary during 2009-10 to fund its business growth in that ...
Make separate traffic lanes for fishing vessels, ports told
SECURITY MEASURES. Chennai, May 9 Fishing vessels are a bit like auto rickshaws that you see on most Indian city roads: they weave in and out of ...
SBI chalks out roadmap for overseas business
Setting up separate group for coordinating global operations. Kolkata, May 9 The State Bank of India has charted out a roadmap for overseas business and accordingly restructured foreign ...
Index Outlook
Positive reading from China’s Purchasing Manager’s Index provided the impetus to yank Sensex and Nifty above crucial resistance levels last Monday. This lead to another frenetic bout of short-covering that helped the Sensex scale ...
IRB Infrastructure Developers: Buy
Investors with a two-three year perspective can consider buying the stock of IRB Infrastructure Developers. The company’s lucrative portfolio of 11 operational toll roads render superior earnings visibility compared with some of ...
Canara Bank: Buy
Investors with a two-three-year perspective can consider buying shares of Canara Bank on the back of encouraging results for FY-09, with growth primarily driven by its core ...
OnMobile Global: Hold
Investors can continue to hold the shares of OnMobile Global, primarily a mobile value-added services (VAS) player, given the growth prospects for such services in India and other emerging markets. At Rs 325, the stock trades at 19 times ...
Bharat Electronics: Buy
Public sector Defence equipment maker, Bharat Electronics (BEL), clocked better revenue and profit growth in the fourth quarter of FY-09, a trend observed in earlier years as well. An order book of Rs 10,000 crore that captures revenues for ...
UTI Opportunities Fund: Invest
Investors with high risk tolerance can consider buying the units of UTI Opportunities Fund based on its performance over the past two years. The fund trailed the category average in 2006 but bounced back and substantially improved its ...
Provisional anti-dumping duty on phosphoric acid from Korea mooted
The Designated Authority in the Commerce Ministry has recommended imposition of provisional anti-dumping duty on imported phosphoric acid of all grades and all concentrations (excluding agricultural/fertiliser grade) from ...
Auto parts suppliers swing back to full capacity
Re-think investment plans as sales look up. New Delhi, May 9 Domestic auto parts suppliers are swinging back to their full capacity and re-thinking their investment ...
Tamil Nadu’s rural voters dig up many woes
Madurai: The sun is beating down mercilessly. A group of women and men is working with crowbars and shovels, deepening an irrigation canal. Balamurugan, who drives a tractor in a nearby field, tells the group that the person ...
Weekly News Round up(Latest Audio:Enlgish/Tamil))
European steelmaker Corus, which was acquired by Tata Steel for $12.9 billion in 2007, may be forced to shut down its Teesside Cast Products plant in northeast England. This could happen if a consortium of buyers fails to honour its commitment ...
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