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Wednesday, September 02, 2009
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CORPORATE: Credit offtake set to rise
Mumbai, Sept. 1 Banks can achieve the 20 per cent credit growth projected by the Reserve Bank of India in its Annual Policy, as corporate demand is expected to gather steam in the second half of the financial year, according to Mr M.V. ...

OPEN OFFERS: It can take a year to turn around Maytas Infra, says IL&FS chief
Open offer announcement for 20% stake to be made today. Hyderabad, Sept. 1 IL&FS will come up with an announcement on Wednesday for its open offer to acquire 20 per cent additional stake in Maytas Infra Ltd (MIL), which would require about ...

REAL ESTATE & CONSTRUCTION: IL&FS’ exposure in Maytas counted for decision on ownership change
New Delhi, Sept. 1 Handing over the reins of Maytas Infra to IL&FS was the best option as the leading infrastructure finance company was not only the largest shareholder in the crisis-ridden firm originally promoted by the Raju family, ...

COMMODITIES: Service tax exemption for specified goods
New Delhi, Sept. 1 The Finance Ministry has now given service tax exemption on transportation of certain specified goods by rail or through inland water and coastal ...

REAL ESTATE & CONSTRUCTION: Govt shifts focus on Maytas Properties’ housing project
New Delhi, Sept. 1 After overseeing the smooth takeover of Maytas Infra by IL&FS, the Government has shifted focus to bring back on track Maytas Properties, the other troubled firm, promoted by the Ramalinga ...





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Markets (Sept 1)
Nifty (at 3.30 pm)4,625.35(-36.75)
US Dollar (Buy/Sell)49.02/03
Brent crude (a bbl) Rs3,361
Gold (a gram) Rs1,406
Silver (a kg) Rs25,485


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