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India Inc is likely to post 15-20 per cent growth in net profit in the third quarter, thanks to a low base year and a promising show from automobiles, capital goods, construction, metals, pharmaceuticals and sugar companies. The telecom sector, for the first time after several quarters of strong performance, is expected to show decline in net profit on the back of decline in revenue per phone.
Why a well-managed and diversified fund will always beat a benchmark.
Private insurance firm DLF Pramerica today announced introduction of eight unit-linked products, including two new single premium ULIPs.
About 25 lakh life insurance agents have opposed the recommendations of Swarup Committee on elimination of upfront commission paid to advisers. "Implementation of the recommendation will make the role of 25 lakh life insurance agents working with LIC and private insurers redundant and adversely affect crores of people who are dependent on them," Life Insurance Agents" Federation of India President H M Jain told reporters here.
When Reserve Bank of India Governor D Subbarao meets top bankers in the customary pre-policy meeting on October 12, he can draw comfort from the fact that a majority of the bankers think interest rates may not be hiked till the end of the financial year.
Engineering major Larsen & Toubro today said it is can build nuclear plants capable of producing 3,000-4,000 Mw of power every year.
The problem of traffic snarls due to places of worship on public roads will not compound with the Supreme Court today ordering that there would be no fresh construction of sites of worship on any public road or lane.
The last two seasons in Formula One have seen the bitter rivalry between Ferrari and Mclaren rearing its head. If in 2007 it was Kimi Raikkonen who sneaked in to win the driver’s championship for Ferrari at the last race, then Lewis Hamilton went a few steps ahead and snatched the title from right under Felipe Massa’s nose at the last corner of the season. Apart from seeing these two motorsport giants go head to head this season, there are a lot of other things to look forward to in the 2009 season.
Assuring India Inc of full safety, Bihar Chief Minister Nitish Kumar today invited corporate honchos to invest in the state as there can be no inclusive growth unless the state catches up with the rest of the nation.
A leadership position in its business, a good track-record and better growth opportunities in smaller towns augur well for DB Corp.
Says HC allocation order wrong, for govt is custodian of all gas in India
Ruias-led Essar Group has bid $150 million for taking over an Australian coal firm, Rocklands Richfields, bettering an earlier offer from Jindal Steel and Power.
Indian firm holds preliminary talks, Essar group also in the fray.
The Department of Telecom (DoT) is planning to refer the alleged violation in the substantial equity condition by Loop Telecom and Vodafone-Essar by virtue of the Essar group companies holding equity in both the companies to the Ministry of Corporate Affairs (MCA) once again.
Issue of Cost Accounting Standards (CAS) is a pioneering initiative by the Institute of Cost and Works Accountants of India. The first CAS (CAS-1) was issued by the institute in the year 2002. The Preface to Cost Accounting Standards issued by the institute has set out the following objectives to be achieved through CAS: to provide better guidelines on standard cost accounting practices; to assist cost accountants in preparation of uniform cost statements; to provide guidelines to bring standard approach towards maintenance of cost accounting records under various statutes; to assist the management to follow the standard cost accounting practices in the matter of compliance with statutory obligations; and to help Indian industry and the government towards better cost management.
Complaining of high taxation and inability to lobby effectively before government agencies, Direct-to-Home (DTH) television companies have called for strengthening the DTH Operators Association of India (DOAI), the apex body of all DTH operators.
The dish TV antennas on asbestos or even thatched roofs bring colour pictures in this village. “The cable TV networks, television sets come as dowry items during our marriages,” says Babloo Rathode.
Jaguar Land Rover"s official entry to the fast-growing Indian car market was marked today by the opening of a flagship showroom facility at Ceejay House in Mumbai by Ratan N Tata, Chairman of Tata Sons and Tata Motors.
Tata Group firm Tea Tata today posted a consolidated net profit of Rs 700.55 crore in the year ended March 31, 2009, down 54.58 per cent over the corresponding 12-month period a year ago.
Tata Steel expects to resume construction work on its six million tonne per annum greenfield integrated steel plant at Kalinganagar in Orissa’s Jajpur district in the middle of August this year.
Tata Motors Ltd Chairman Ratan Tata had 500 engineers work for four years designing the world’s cheapest car, convinced cost-conscious Indian drivers could live without air-conditioning and cup holders. He was wrong.
A V Rajwade / New Delhi July 6, 2009, 0:54 IST
The stock gained 5 per cent to Rs 233, after the foreign institutional investors purchased 1.12 per cent stake in the company from open market for Rs 7.08 crore.
When East first met West, was it the start of the battle between brand vs local craftsmanship?
The sales of used gold, known as scrap gold in commodity parlance, shot up 25-30 per cent on Wednesday as retail investors rushed to cash in on high prices before a correction, which analysts forecast as imminent.
The Orissa government has decided to review the progress of various industries in the state. It will hold discussion with industries pertaining to employment generation, promotion of ancillary and downstream industries, efforts made for skill development and Corporate Social Responsibility (CSR) activities among others.
Retired, but not yet a senior citizen seems to be the plight of many. For instance, the Union ministry of Social Justice and Empowerment defines a senior citizen as someone who is 60, but the income tax department allows benefits for the category only after 65.
Natco Pharma net up 13%
JSW Energy ended Day 1 at Rs 101, a premium of Rs 1 to the issue price.
Hartmarx Corp Chairman and CEO Homi Patel is expected to retire from his post tomorrow as his company, which made suits for US President Obama prepares to be run by UK"s Emerisque and Indian apparel company S Kumars Nationwide Ltd, its new owners.
While any restructuring of its humongous debt in a difficult operating environment is a positive for the Aban stock, the upsides are priced in.
Anil Ambani group firms — Reliance Communications (RCom) and Reliance Power — today restructured their respective promoter holdings through transfer of shares among group companies.
Reliance Communications is in advanced talks to sign a technical alliance with Apalya Technologies to offer mobile television (MobiTV) on its recently launched GSM network.
Banco Products (India), a leading manufacturer of aluminium radiators, has posted a net profit of Rs 21-crore, up 99 per cent, for the quarter ended September 30, as against Rs 11-crore in the corresponding period last fiscal.
Luxury carmaker Audi India today reported over two-fold increase in its sales in September at 205 units over the same period last year.
In a major relief for jobseekers, India Inc"s hiring activities are picking up once again as economic conditions are looking up considerably, experts say.
A host of Indian companies are planning to develop projects across sectors in the island nation of Sri Lanka.
India Inc"s fund raising through private placement of debt surged 42 per cent to Rs 40,300 crore in the first quarter of the current fiscal, with over half of the fund being mobilised by financial institutions.
India Inc today described 6.8 per cent rise in July industrial output as "evidence of recovery" and pitched for a cut in interest rate saying it was necessary to sustain the growth momentum.
Brewberrys Hospitality Pvt Ltd (BbH), which operates the Brewberrys chain of cafes in India, plans to increase its footprint by over 200 per cent in the coming months. The Vadodara-based cafe chain is banking on the franchisee model to gain further scale and depth in its operations, according to Reji Thomas of JenJon Retail & Services Private Limited, the master franchiser for Brewberrys.
Edge for hedgies: You can’t take the edge out of hedge funds. Along with other investors, most of them are looking for that extra insight. There’s no excuse for illegally trading on inside information, as Galleon Group founder Raj Rajaratnam is alleged to have done. That aside, getting an edge is their job – and their clients check up on them the same way.
ING Life Insurance is expecting a 60 per cent growth in renewal premiums during this fiscal.
As the sea became rough due to cyclonic storm "Phyan", the Home Ministry today put on alert five coastal states and three Union Territories and sent disaster relief response force for their assistance.
ING Vysya Life Insurance Company Limited (ING Life), part of the ING Group, a financial services company, today announced its tie-up with Mumbai-based Suvidhaa Infoserve, a company pioneering in service commerce (s-commerce), to collect insurance policy renewal payments for its customers. Customers of ING Life can now pay their policy renewal premium at over 7,000 Suvidhaa outlets across 300 cities in India, including over 700 outlets in Gujarat.
Shah Rukh Khan-Kajol starrer My Name is Khan, directed by Karan Johar, is set to create a record ahead of its release early next year with Fox Star Studios reportedly buying its marketing and distribution rights for around Rs 100 crore.
New Delhi, Oct 25 (PTI) The non-stop Duronto trains will no longer have old coaches with side-middle berth, known as AC economy class.
Retail investors’ response to initial public offers (IPOs) from the power sector have been tepid. The Adani Power IPO, subscribed 21.64 times in all, was subscribed 2.97 times by retail investors. Indiabulls Power was subscribed 21.84 times overall, but only 1.09 times by retail investors. JSW Energy saw retail investors place bids for 32.7 million shares of the 81 million reserved for them.
The Enforcement Directorate (ED) will soon move a court in Jharkhand for obtaining custody of former chief minister Madhu Koda, who was today arrested by the vigilance commission of that state and was sent to 14 days judicial custody.
Bharti Airtel Direct to Home (DTH) service, Airtel digital TV, added nearly 1.5 million customers across India in first seven months of the current financial year. Majority of the customers were added during October.
Outlets of telecom companies such as Airtel and Vodafone may soon double as bank kiosks for financial services like funds transfer or bill payment, especially in parts of the country where there are very few banks or none at all.
Singapore’s leading telecom firm SingTel today said contribution of Bharti Airtel, in which the company holds nearly 32 per cent stake, to its profit rose by 26 per cent to S$236 million (around $170 million) for the July-September quarter.
Leading telecom firm Vodafone along with BlackBerry maker Research In Motion (RIM) today launched the new version of the Storm2 smartphone in seven European countries as well as South Africa.
Villages in Andhra Pradesh will be supplied bottled "mineral water" rather than piped water from the coming Independence Day.
Famed micro-blogging site Twitter has acquired location tracking firm Mixer Labs for an undisclosed amount.
Among all the political parties in Jharkhand, former chief minister Babulal Marandi"s Jharkhand Vikash Morcha (Prajatantrik) scored the highest winning percentage.
Tired of filling several application forms to invest in different mutual fund schemes? Wait till March 2010, and you’ll just click this cumbersome process away.
Busness Standard / New Delhi May 28, 2009, 0:24 IST
French governance:  The press release reads like a statement from the politburo of a Soviet-era communist dictatorship: the ruling elite’s decision to back the great leader was “unanimousâ€ü. That’s the way it goes at Veolia, where directors of the French environment services group have bowed down to the wishes of the chairman and chief executive, Henri Proglio.
The annual maintenance charges for subscribers of the New Pension System (NPS) may come down by Rs 70 from April. National Securities Depository (NSDL), the record-keeper for NPS, expects over one million people to join the scheme in the next six months, leading to a reduction in the account maintenance fees from Rs 350 to Rs 280.
The Orissa tourism department"s plan to start a luxury train modeled on the famed Palace on Wheels has gained ground as a private player has evinced interest in investing in the project.
AGM approves Reliance Infratel IPO, filing soon.
In a move to make the mutual fund (MF) industry more transparent, the Securities and Exchange Board of India (Sebi) today asked asset management companies (AMCs) to stop paying commissions to intermediaries, including banks and other distributors, who did not keep proper documents of their clients.
In a bid to attract subscribers of rival companies, state-run telecom operator Bharat Sanchar Nigam (BSNL) is gearing up to start mobile number portability (MNP) services as soon as telecom regulator Trai issues tariff structure.
Business Standard / New Delhi November 26, 2009, 0:29 IST
HCL Security today said it has signed an agreement with technology firm Cisco for delivering IP-based safety and security solutions.
BS Reporter / New Delhi November 22, 2009, 0:37 IST
Watch the forthcoming Saffronart auction to decide which segment of the market is recovering fastest and at what value.
The Mukesh Ambani-run Reliance Industries (RIL) has reopened about two-thirds of its 1,432 petrol pumps in the country and is selling about 2,000 kilolitres of auto fuel per day, RIL President (Refinery Business) P Raghavendran said today.
Taking the disinvestment process in iron ore producer NMDC forward, the government today invited applications for appointment of lead managers to advise it on the timing of the public issue, among other aspects.
GAIL
Defence PSU Bharat Electronics, which is restructuring its businesses, is planning to enter the nuclear power space, designing and manufacturing instruments.
The government today said that China has denied reports suggesting it was planning to divert the course of the Brahmaputra river.
The Hindi news genre, too, saw a 21% rise in its GRPs.
With entry load on all mutual funds banned from August 1, fund houses are finding different ways to pay distributors for promoting their schemes.
Extending support for Gujarat government"s move to make voting compulsory in local body polls, RJD supremo Lalu Prasad today said it should be extended to Lok Sabha and assembly polls too.
Completion financing, or last-mile funding, where developers get funds to complete projects stuck midway, is catching on among private equity (PE) funds.
Having failed to get returns on its Rs 100-crore investment in Bharti Hexacom, state-run TCIL today started the process to sell its 30 per cent stake in the JV by inviting investment bankers to work out the valuation.
I pay an annual premium of Rs 12,000 on a unit-liked insurance plan (Ulip). An agent mis-sold me this policy three years back, but I continued with it. I will be completing the three-year lock-in period soon. Should I surrender this policy? When does it make sense to discontinue an Ulip?
Foreign fund house Sloane Robinson LLP has raised its stake to 5.08 per cent in Indiabulls Financial Services through an open market transaction for an undisclosed amount.
Pharmaceutical firm Suven Life Sciences today said it will raise $50 million (nearly Rs 239.5 crore) through the issue of securities.
Ranbaxy Laboratories today said it would market products from Daiichi Sankyo"s portfolio in Mexico through its Latin America-based subsidiary, Ranbaxy Mexico S A De C V.
South Korean steel giant Posco has been asked by the Environment Ministry to take the consent of local tribals as required under the Forest Rights Act before commencing its proposed steel project in Orissa.
The government today said in the Lok Sabha that a special audit has observed that Reliance Communication and its other subsidiaries under reported revenues during 2006-07 and 2007-08.
With rising terror threat, the Centre today asked states to beef up security for both public and private aircraft fleet and aviation facilities, including abandoned airstrips, and carry out drills on a regular basis.
If it was dry arid land which was being used for growing jatropha, it is now the turn of water ponds to add fuel to biodiesel production in the country. All it takes is to grow algae in water bodies and then press it to get oil that is processed to get biodiesel.
State-run Oil India (OIL) has rejected the resignation offered by V K Sibal after he was reverted to the company following denial of extension as oil regulator amid reports of alleged favours to corporate houses.
Tuticorin-based Tamilnad Mercantile Bank (TMB) has set a target of Rs 20, 000 crore business by March 2010 from the present Rs 16,000 crore.
BS Reporter / December 8, 2009, 0:19 IST
IN MY MIND
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.
A parliamentary panel has rapped the Coal Ministry for utilising only 25 per cent of the funds allotted to it for the 11th Five Year Plan (2007-11) period.
Coal Minister Sriprakash Jaiswal today said his ministry is working on proposal to disinvest 5-10 per cent stake in navratna PSU Coal India.
State-run NHPC has drawn up an ambitious Rs 30,000-crore capex plan during the 12th Five-Year Plan to set up 14,000 Mw of hydro-power projects.
Heavy buying by foreign and domestic institutional investors saw the Bombay Stock Exchange (BSE) Sensex rise 2.25 per cent, or 339 points, to close at a 10-month closing high at 15,466. The rally was led by index heavyweights Reliance Industries (RIL) and Oil and Natural Gas Company (ONGC) as global crude oil price touched $71 a barrel after settling above $70 for the first time in over seven months. Firm global markets too helped the rally.
The markets succumbed to Dubai debt repayment crisis in the latter half of the week. The Smart Portfolios benchmark, the S&P CNX 500 index swung in a range of nearly 6 per cent - from a weekly high of 4,217 the index tumbled to a low of 3,967. The index finally ended the week with a loss of 1.9 per cent (79 points) at 4,069.
The Reserve Bank Deputy Governor Subir Gokarn today said exiting from the accommodative monetary policy has to be a gradual process and cannot be done at a single stroke.
Under attack from the government, the agitating private airlines who are demanding a bailout package, have kept bookings open for customers who want to fly on Aug 18, the day they have threatened to go on strike.
With private airlines suspending operations on August 18, the government today said it does not support any move to inconvenience the travelling public and asked the carriers to engage in a dialogue.
Andhra Pradesh chief minister K Rosaiah on Sunday said that the ruling Congress government would abide by the apex court’s verdict on the alleged irregularities by mining firm Obulapuram Mining Company (OMC) in the Bellary reserve forest of Anantapur district.
CPI-M today expressed serious concern over Indian investigating agencies not being allowed to interrogate LeT operative David Coleman Headley and sought to know what steps the government is taking into the matter.
Normal life was paralysed for the second consecutive day in Telangana as violent demonstrations rocked the region in support of the Telangana Rashtra Samithi (TRS) president, K Chandrasekhar Rao, whose fast-unto-death entered ninth day on Monday.
Y S Jaganmohan Reddy, son of late Y S Rajashekhara Reddy, today met Congress President Sonia Gandhi at her residence here, amid demands by his supporters to make him chief minister of Andhra Pradesh.
The flood situation eased in north Karnataka as the week-long rains showed signs of abating but the toll mounted to 194 today with the recovery of 26 more bodies.
Ch Prashanth Reddy / September 27, 2009, 0:07 IST
Infosys Technologies, India’s second largest information technology services company, which is an early bird on campuses this year, says it will offer jobs to 13,000 freshers for 2010-11. This is despite the fact that the number of engineering colleges it visits every year for campus recruitment is expected to drop by half as compared with 2007.
IT, consulting and business process outsourcing services company, Cognizant Technology Solutions, on Wednesday signed an initial five-year, multi-million contract with UK-based railway control and communications systems provider Invensys Rail to serve the global product research and development (R&D) needs of its group companies located in the UK, Australia, Spain and the US.
While ticket distribution for Jharkhand elections was on, hundreds of aspirants thronged the Congress headquarters. The Congress managers, desperate to avoid this crowd, met at various undisclosed locations. But this could not save all the leaders. One day, K Kesava Rao, the general secretary in charge of Jharkhand, came to his office at 24, Akbar Road, to take some documents when an irate crowd gheraoed him. Rao was almost physically assaulted amid a heated exchange of words as the aspirants accused him of taking bribes. Congress workers in the office had to rush in to rescue Rao.
Dubai World will sell some of its assets to part finance its $26 billion debt, a senior city-state official said amid a sharp fall in the main stock exchanges in the United Arab Emirates today.
CBI has filed a fresh status report before the Supreme Court into alleged irregularities in defence deals, which caused a loss of around Rs 2,000 crore to the state exchequer, entered into in the wake of the 1999 Kargil conflict.
Meanwhile, a second chargesheet in the multi-crore Satyam scam will be filed soon, as the CBI team probing the case has returned from Mauritius with some bank details from the island nation.
Accusing V K Sibal of having a ‘nexus’ with private parties when he headed the upstream oil regulator, the Directorate General of Hydrocarbons (DGH), the Central Bureau of Investigation (CBI) has decided to seek government permission to probe his actions.
The Andhra Pradesh government has decided to order a CBI inquiry into the helicopter crash in which former chief minister YS Rajasekhara Reddy and four others died.
Andhra Pradesh chief minister, K Rosaiah, has agreed to hand over the land already allotted for a new shipping technology unit at Visakhapatnam as and when required. He gave this assurance to shipping secretary, APVN Sharma, who called on him on Saturday.
Non-life insurers earlier offered discounts as high as 97 per cent in some cases.
State-owned Oriental Bank of Commerce today said it is looking at credit and deposit growth of up to 24 per cent each in the current fiscal.
Business Standard / New Delhi December 02, 2009, 0:34 IST
American professionals have high degree of confidence in the companies they are employed with as a majority of them have an optimistic outlook for their firms, a recent survey says.
A Mercer survey reveals wide disparity across sectors when it comes to superannuation benefits to employees
State-run Union Bank of India today announced the appointment of Subhash Chander Kalia as its Executive Director.
Devangshu Datta / New Delhi September 12, 2009, 0:08 IST
Borrowing the pace of Day Zero, the second day (Day 0.5) of the summer placement process at the Indian Institute of Management, Ahmedabad (IIM-A) saw companies from the fields of marketing, general management, consulting and finance offer internships to students.
Chennai-based mobile retail chain, UniverCell, will be opening 700 stores across the country in the next two years. Each outlet will entail an investment of Rs 28 lakh.
After initial resistance, the Department of Telecom (DoT) has relented and would now seek telecom regulator Telecom Regulatory Authority of India"s (Trai) recommendations on a proposal to bring in a uniform licence fee.
The crisis-hit Bharatiya Janata Party (BJP) in Karnataka went into a huddle today to dicuss whether reversal of some of the administrative decisions taken by Chief Minister B S Yeddyurappa’s confidante, Shobha Karandlaje, would help win back the controversial Reddy brothers, mine owners and MLAs from Bellary in north Karnataka, who had been spearheading a campaign against the chief minister.
The Karnataka government has proposed to set up a tourism development authority for Mysore and Shimoga for the promotion and development of tourism in the two places. It will be similar to the Hampi Development Authority for the ruins of the Vijayanagar empire in Bellary district.
The West Bengal government today said a relaxed Essential Commodities Act and "forward trading" had led to the rise in prices of commodities. "During the NDA regime when Trinamool Congress was a partner, there was a complete relaxation of the Essential Commodities Act. We are trying to bring that in order," West Bengal state finance minister Asim Dasgupta said here when asked about price rise.
Aditi Phadnis / New Delhi December 25, 2009, 0:03 IST
Everyone in a democracy has the right to express their opinions, but this right needs to be tempered sometimes. Tower of Babel (December 31) rightly points out that there are too many conflicting voices on the economy from senior government officials, and this is confusing the markets. There are various estimates of growth and the latest in this is from the Chief Economic Advisor who thinks India will move back to 9 per cent next year, and will overtake China in the next three-four years. If all of this is going to happen without India undertaking any serious reforms, why are we even worried about reforms — 9 per cent growth with a population growth of 1 per cent is more than good enough.
The ministry of railways has constituted an expert committee under the chairmanship of Amit Mitra, secretary-general, Ficci, for developing innovative funding techniques through the Public-Private Partnership (PPP) mode.
Shyamal Majumdar / Mumbai October 29, 2009, 0:58 IST
Shyamal Majumdar / Mumbai October 15, 2009, 0:52 IST
The old problem of talent exodus may come to haunt companies once again when the economy recovers, if they do not take steps to attract top talent and retain employees now, a study says.
In an effort to enlist support for various cost cutting measures, including cut in productivity-linked incentives (PLI) of employees, Air India Chairman-cum-Managing Director Arvind Jadhav today held a series of meeting with various employees unions here.
Italian auto maker Fiat today said it is taking help from its partner the Tatas in developing the small car, which it plans to launch in India by 2012.
The Asian markets have ended in the green.
Asian markets are trading in red this morning. The Hang Seng has dropped 80 points to 21,419. The Nikkei, after touching a four-month high, has dropped 27 points to 10,611 on continued concerns of Japan Airline"s debt.
The spinning mill owners of Punjab are concerned over the delay in rollback of the mandatory registration of spinning mills under the Punjab Agriculture Produce Marketing Act and entry tax on ginned cotton.
Seeking a "strong political agreement" at the Copenhagen climate change summit, UN Secretary General Ban Ki-moon has said the world leaders "must seal the deal" to tackle the pressing issue of global warming.
As delegates at the Copenhagen summit discuss a new climate treaty, green activists here are hoping that it would focus on emission cuts and safeguarding of biodiversity.
Business Standard / New Delhi October 28, 2009, 0:33 IST
A tubelight performs many duties at capital’s Banga Bhawan, the state guest house of West Bengal in New Delhi. On Saturday, Chief Minister Buddhadab Bhattacharjee addressed a press conference in the Bhawan auditorium. On his table was a packed tubelight used to help set up a few dozen TV microphones. Bhattacharjee was initially amused but soon understood the purpose of the arrangement.
Carrying out fresh attacks, Maoists set ablaze a rail office at Banshipur station in Lakhisarai district after taking eight officials hostages and blew up a block office in neighbouring Munger on the second and final day of their two-day shutdown in Bihar.
Markets have recovered after a brief drop into the red.
The Pension Fund and Regulatory Development Authority (PFRDA) today unveiled a savings account scheme under the New Pension Scheme (NPS) which would allow investors to enter and exit at will.
With a comfortable majority in the Lok Sabha, UPA Chairperson Sonia Gandhi and Prime Minister Manmohan Singh will meet President Pratibha Patil to stake claim to form the new government.
- Mulayam plays down Amar resignation as "nothing big" - Amar Singh quits as SP general secretary - Mum"s the word for Mulayam on Amar"s resignation - Amar Singh quits SP posts - Aditi Phadnis: Back to the future">Aditi Phadnis: Back to the future - Aditi Phadnis: Testing times for Telangana">Aditi Phadnis: Testing times for Telangana
SBI Mutual Fund will launch SBI Debt Fund Series 13 Months Fund-10 on Friday. Subscriptions to this plan will remain open until March 23, the fund house said in a notice On Thursday.
I had invested in ELSS (equity linked savings scheme) funds one year before, but I have not claimed this investment while filing for return. Can I withdraw from the ELSS, though the three-year lock-in is not complete?
Indian chief information officers (CIOs) appear to be more progressive as compared with their global counterparts and are looking to ‘make innovation real’ and ‘expand business impact’ for their respective organisations.
Worldwide semiconductor revenue is on track to total $212 billion in 2009, a 17.1 per cent decline from 2008 revenue of $255 billion, according to the latest outlook by Gartner Inc, a global research and advisory body.
UN Secretary-General Ban Ki-moon has said intensified international action to tackle ship seizures off the Somali coast is forcing pirates further afield into the Indian Ocean and more recently closer to the Seychelles.
Despite recent floods in northern districts and subsequent damage to the standing crops, Karnataka, the sixth largest producer of cotton in the country, is likely to increase its cotton output this year by around 15 per cent to a little over one million bales (1 bale = 170 kgs). The state, which produced 900,000 bales of cotton from 390,000 hectares in 2008-09, had earlier set a target of 25 per cent growth in cotton output and 21 per cent increase in area under cultivation at 490,000 hectares.