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Commodity to the rescue
It could be one of those years when exposure in commodity futures, along with equities could be a good investment strategy.

SFIO probes into Sesa Goa for financial irregularities
The government has ordered the SFIO to probe into mismanagement and financial irregularities in Vedanta Group-owned Sesa Goa and its subsidiary Sesa Industries (SIL), the company said today.

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Bank provisioning norms remain reactive, says BIS
The financial supervisors in Asia have tightened the norms to make provisions for non-performing loans after the crisis hit many countries in late 1990s. But the provisioning stance still remained reactive to shifts in the business cycle, according to a Bank of International Settlements (BIS) study.
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India proposes bilateral talks with EU, US on climate change

India has proposed bilateral dialogue with the US and EU on the issue of climate change on the lines of one it is set to hold with China later this month, Environment Minister Jairam Ramesh has said. - "US now has better understanding of India"s stand on climate" - Banks can stand a bigger slowdown, finds EU stress test - Mahindra Satyam gives new structure to Europe operations - Bharat Biotech secures patent for Lysostaphin - Villgro to host B-plan contest for rural growth - Orchid Chemicals targets Rs 4900 crore in 3 years The proposal in this regard to both the Europeans and the Americans was made last week, Ramesh said here yesterday. This would be on the lines of the first India-China energy dialogue scheduled to take place in New Delhi on October 21, he said. The meeting with China, Ramesh said, has nothing to do with Copenhagen negotiations in December on climate change. "It has to do with the actions of both the governments in climate change. This is the first consultations. I hope we are able to make it an annual affair," he said. "I would like to have similar dialogue not only with the Chinese but also with the Europeans and the Americans. I have proposed this last week, both to the Europeans and the US that we can have an annual climate change policy consultation where we discuss technical details, broad technical areas of implementation of national action plan on climate change," Ramesh said. This is for the first time that China and India are having a bilateral dialogue on climate change.


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