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TAXATION: Y.V. Reddy advocates Tobin Tax
Chennai, Oct. 22 Dr Y.V. Reddy, former Governor of RBI, advocated the need for a ‘Tobin Tax’ (a tax on short term speculation in currencies) for India while delivering the S.Guhan Memorial Lecture 2009, in Chennai on ...

OUTLOOK: Singapore Airlines mulls re-instating capacity for India
New cabin, seat products in business class. Singapore Airlines, which had rationalised capacity on its India routes early this year, plans to re-instate some of the capacity in the second quarter of 2010. There are also plans to introduce better ...

PERFORMANCE: Major container ports register 6.32% fall in handling
Chennai, Oct. 22 Top three containers ports — JNPT, Chennai and Tuticorin — run by private container terminal operators, showed negative growth in box handling during the first half of the current fiscal ended September 30. This, ...

COMMODITY MARKETS: Pepper futures hit upper circuit
Kochi, Oct. 22 Pepper futures bounced back on bullish operations and nearly touched the second circuit level and closed substantially higher on Thursday’s trading in line with the trend in other commodities market such as jeera, ...

OUTLOOK: South-west monsoon exits
India Meteorological Department (IMD) has declared on Thursday that the southwest monsoon has withdrawn from the ...

FINANCIAL PERFORMANCE: Allahabad Bank posts eight-fold jump in net
Kolkata, Oct. 22 Backed by a substantial rise in fee-based income contributed by higher treasury gains, Allahabad Bank posted an eight-fold jump in net profit at Rs 333 crore for the quarter ended September 30, 2009, against Rs 42 crore ...

OUTLOOK: Banks’ international liabilities decline
Mumbai, Oct. 22 The international liabilities of Indian banks declined by 1.1 per cent in 2008-09 to Rs 3,86,608 crore against Rs 3,90,857 crore in the year ago ...

PERFORMANCE: Hind Zinc net down 3%
Mumbai, Oct. 22 Hindustan Zinc, a Vedanta Group company, has reported a three per cent drop in net profit to Rs 935 crore for the quarter ended September 30, against Rs 960 crore registered in the corresponding period ...





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Markets (Oct 22)
Nifty (at close)4,988.60(-75.00)
US Dollar (Buy/Sell)46.74/75
Brent crude (a bbl) Rs3,639
Gold (a gram) Rs1,495
Silver (a kg) Rs28,435


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