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No fear of asset bubble on rising inflows: RBI
A day after the Reserve Bank of India (RBI) tightened norms governing external commercial borrowings (ECB), Governor D Subbarao said the capital flow into India was in line with the requirement and current account deficit.

FII inflows to cross $10 bn-mark this month: Analysts
Foreign investment in the Indian stock markets may cross $10 billion-mark by the end of this month as a hefty $9.8 billion (Rs 47,674 crore) have already been poured into the bourses by overseas entities so far this year, analysts feel.

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TCS third quarter net up 33.9%
India’s largest IT services provider, Tata Consultancy Services, beat market expectations to post a 33.9 per cent jump in its net profit at Rs 1,824 crore for the quarter ended December 31, 2009 as compared to the same period a year ago. Its revenue, too, jumped 5.1 per cent on strong volumes of 6.6 per cent to touch Rs 7,649 crore year-on-year.
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Tatas to return land if 'meaningful negotiations' held: Sen

The Tata group has agreed to hand over the land alloted for its abandoned Nano project at Singur "if there was meaningful negotiation", West Bengal Industry Minister Nirupam Sen said here today. - Expands hotel footprint in north with "Vivanta" - Tata Group to build 50 Ginger hotels in four yrs - RAK scouts for Indian partners - Gloom spreads on Teesside as hope on Tata fizzles - Tata does a Nano in water purifiers - Corus may get the Tata tag next year He told reporters in his Assembly chamber that the Tatas have been informed about the Railways expressing interest in setting up a railway coach manufacturing factory of international standard at Singur. "The Tatas have no objection to return the land if there is meaningful negotiation," he said without elaborating. The Tatas had earlier stated that it could return the land if compensation was offered. Tata Motors last year shifted its small car Nano project from Singur to Sanand in Gujarat after protest by local farmers and political parties. Earlier, replying to a question in the Assembly, Sen said that the offer by the Railways was "a light at the end of the tunnel". "This is one issue at least on which we can reach a consensus and this issue needs a political solution," he said. Dwelling on Tata Motors failing to set up unit and BHEL backtracking from sending up a thermal power plant at Singur, Sen said that since the sole purpose of the state government was to set up an industrial unit on the land, the government would be happy if any party comes forward.


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