The Hindu Business Line : Friday, June 12, 2009

WEB EXTRAS

REGULATORY BODIES & RULINGS: Financial sector may resist need for higher capital: Rakesh Mohan
The former Reserve Bank of India Deputy Governor, Dr Rakesh Mohan, in a paper on `Emerging Contours of Financial Regulation : Challenges and Dynamics', cautions that increased levels of regulatory capital over the economic cycle, and extension ...

EXPORTS & IMPORTS: Palm oil imports hurting coconut oil demand
Prices drop to Rs 4,750 a quintal on shift by bulk buyers. Dumping cheap palm oil in the Indian market has squeezed the demand for coconut oil mainly from bulk buyers and that in turn has pushed down coconut oil prices to their lowest levels, ...

EXPORTS & IMPORTS: Tea import value, volume up in Jan-April
India imported more tea at a higher average price, between January and April this year, than that in the corresponding period of last year, according to statistics released by the Indian Tea ...

INDUSTRY ASSOCIATIONS: New TDS scheme is impractical: MCCI
Chennai, June 11 The Central Board of Direct Taxes (CBDT) recently brought in a few changes in relation to ‘tax deduction at source’, which, according to the Madras Chamber of Commerce and Industry (MCCI) is “impractical ...

OUTLOOK: Weak offshore trough spells rains for west coast
Thiruvananthapuram, June 11 A north-south trough has reappeared linking east Uttar Pradesh and north coastal Andhra Pradesh signalling the weak phase of the larger southwest ...

POWER: NTPC-BHEL power equipment unit gets 750 acres in AP
Hyderabad, June 11 NTPC Ltd and Bharat Heavy Electricals Ltd will jointly set up a power equipment manufacturing unit with Rs 6,000 crore at Mannavaram village in Chitoor district of ...

RBI & OTHER CENTRAL BANKS: Market stabilisation scheme: High Court dismisses PIL
New Delhi, June 11 The Bombay High Court has dismissed a Public Interest Litigation (PIL) challenging the Constitutional validity of the Market Stabilisation Scheme ...

ALLIANCES & JOINT VENTURES: South Indian Bank to market LIC products
Kochi, June 11 The Thrissur-based South Indian Bank on Thursday entered into a strategic agreement with Life Insurance Corporation of India for the distribution of life insurance products. An MoU was exchanged by Dr V. A. Joseph, MD and CEO ...

FOREIGN DIRECT INVESTMENT: India, China collaboration can turn downturn into opportunity: Report
Macau, June 11 Luxury brands; gems and jewellery; media and entertainment; health and wellness; and tourism are some of the sectors where India and China can collaborate, says a FICCI-KPMG ...

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Markets (June 11)

Nifty (at close)	4,625.75(-29.50)
US Dollar (Buy/Sell)	47.60/61
Brent crude (a bbl) Rs	3,344
Gold (a gram) Rs	1,363
Silver (a kg) Rs	24,810

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