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The move is appropriate and adequate, says govt
Even as some sections of industry found the 75 basis points (bps) increase in the cash reserve ratio (CRR) more than expected, the government commended the Reserve Bank of India (RBI) for the “right move” and said it would not result in an immediate increase in interest rates. It said the Reserve Bank had aptly acknowledged the need for paying attention to inflation as well as growth.

Determining the state of art - finally!
Watch the forthcoming Saffronart auction to decide which segment of the market is recovering fastest and at what value.

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GHCL AGM ascertains promoters at the helm
Promoters aim to hike stake; Dalmia’s stake over 25%
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Videocon Ind plans rights issue

Videocon Industries today said it will consider selling equity shares on right basis and has called a board meeting on October 31 to discuss the issue. - South sees 64% drop in private equity investments - Astec fixes price band between Rs 77 and Rs 82 - Go slow on themes - PE investments in South drops 64% - PE investments set to flood power sector - Ex-Baring partner to raise $250 mn The company did not specify how much it will raise from the issue and where it would deploy the funds. The company"s stock was trading at Rs 238, nearly 1.41 per cent lower than Tuesday"s close.


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