March 1618: Events to watch out for
March 1618: Events to watch out for...More
Moneycontrol Top Headlines
Tue, 16 Mar 2010 01:00:04 ISTMedical Council to crack whip on pharmadoctor nexus
Here\'s a Beware impact. A week after Beware uncovered a nexus between pharma companies and doctors, the Medical Council of India is ready to crack the whip, reports Neha Bothra and Avni Raja....More
Crisil lowers bad loan forecast for Indian banking sector
Stronger than expected recovery of the Indian economy has made leading rating agency Crisil lower its bad loan forecasts for the Indian banking sector, reports CNBCTV18\'s Vidhi Godiawala. Bad loans have been rising in the Indian banking system, despite generous restructuring. ...More
SC stays CBI probe into forex derivative case
The Supreme Court has stayed the Central Bureau of Investigation (CBI) probe into the forex derivative case. It was the Orissa High Court which had asked for a CBI investigation into banks allegedly misselling derivatives....More
Persistent Systems eyes Rs 167cr from IPO
Get ready for the second IT listing of the year. Midcap IT firm Persistent Systems is all set to hit the street with an initial public offering, on March 17, reports CNBCTV18\'s Kritika Saxena....More
MM inaugurates Rs 5k cr Chakan plant
Mahindra Mahindra (MM) has inaugurated its Rs 5,000 crore Chakan facility one it calls the world\'s most ecofriendly plant. CNBCTV18\'s Swati Khandelwal Jain reports on why this is a milestone for both MM and the state of Maharashtra....More
Approval for about 200 int\'l universities awaited: Sources
The Cabinet today approved a long pending bill to allow the setting up of foreign universities in India. CNBCTV18\'s Kritika Saxena reports on what does this mean for foreign universities and will this lead to an increase of corporates entering education....More
Mkts kickstart week on quiet note, Nifty ends 8 pts lower
The markets have begun the week exactly how last week was trading in a narrow range. The Nifty closed eight points lower with the Sensex down one point. IT stocks outperformed today, with the Big Four tech companies all putting on between 1% and 2% each. ...More
Findings of special audit validate co\'s position: Bharti
In the Department of Telecom (DoT) ordered special audit on Bharti Airtel, auditors Contractor, Nayak Kishnadwala, in a 306 page report have quantified the licence fee impact on distributor margins. The total impact for FY07 and FY08 has been estimated at Rs 98 crore....More
SEBI extends ASBA to MFs, reduces NFO period to 15 days
The Securities and Exchange Board of India (SEBI) has brought in sweeping changes for the mutual fund industry. These include, for starters, a cut in the new fund offer period to 15 days and tighter corporate governance norms....More
Insurance premiums to harden across sectors: Marsh report
Insurance premiums are likely to harden across most sectors in India, says a report by insurance broker and risk advisor Marsh.
...More
Don�t buy Jubilant Food, Man Infra at current levels: Irani
Mehraboon Irani, Centrum Broking is of the view that one should not buy Jubilant Food, Man Infraconstruction at these levels....More
5100 call seeing a bit of unwinding
The thing that stood out in today�s trade was the PCR but for the Nifty we saw the premium coming down significantly, that�s on adjustment, the last traded premium was close to 2 points or so just about Rs 7,800 crore of turnover for Nifty futures....More
See crude falling to $78 in nearterm: Anand Rathi
In an interview with CNBCTV18, Kishore Narne, VP, Anand Rathi Commodities gave his strategies for the day....More
Radico Khaitan\'s QIP opens today, plans to raise $4075m
Radico Khaitan\'s qualified institutional placement (QIP) is going to open today. The company plans to raise USD 4075 million via the QIP. The issue is priced at Rs 118.19 per share. IDFCSSKI, UBS are the bankers to the QIP....More
Sify.com
Tue, 16 Mar 2010 1:20:04 +0530Housing finance cos stand to benefit on rate subsidy
Kolkata: Some of the housing finance stocks reacted positively to the...More
LIC HF slashes home loan rates by 0.5%
Mumbai: Leading home loans provider, LIC Housing Finance, on Friday cut interest rates for new loans by 0.5 per cent effective from August 1. With this, for customers opting for floating...More
Insuring your home loan? Read this first
Coimbatore: Have you availed yourself of a home loan and has the bank insisted that you take an insurance cover for the outstanding amount of the loan? If yes, have you got the policy...More
Tata Housing to offer more low-cost homes
Mumbai: Tata Housing Development Company has said that it would increase the number of low-cost homes to be built at Boisar, nearly 100 km from the city, from 1,000 to 1,300. ...More
Funding a loan
No matter how well you plan your finances, an emergency can throw them in a disarray. For instance, what do you do if your home loan EMI is due but you have no cash? Taking a loan to help tide over...More
Home loan goodies: Did you check the fine print?
Every time Reserve Bank announces a cut in repo and reverse repo rates, the home...More
Home, consumer loans set to become cheaper
Mumbai: Banks on Tuesday said they would cut lending rates making home, consumer, corporate and personal loans cheaper after the Reserve Bank slashed short-term lending (repo) and borrowing...More
Should you shift your housing loan?
Excerpts of the home loans chat with Harsh Vardhan Roongta:...More
rediff Business
Mon, 15 Mar 2010 19:39:01 GMTIndian wealth stashed abroad: What Advani says
The government should publish a White Paper Indian wealth stashed abroad: Advani....More
The most influential women media executives
Women have played vital roles to make the media and entertainment industry a great success....More
Rs 50,000 discount on Mahindra Logan
At a time when most automakers have gone for a price rise following the excise duty hike in the Budget, dealers of the troubled Mahindra Renault across the country are offering up to Rs 50,000 discounts on sedan Logan....More
Fiat launches new model, plans doubling sales
Auto major, Fiat India, expects to double its sales volume this year at 50,000 units as against the 24,000 units sold last year, a top company official said...More
World trade may see double-digit growth in 2010
World trade is expected to see a double-digit growth in 2010, led by rapid pick up in external trade in emerging markets, especially in Asia, a report by DB Research said....More
Air fares to rise as oil firms hike jet fuel price
For the second time this month, state-owned oil retailers on Monday raised aviation turbine fuel price by 2.44 per cent in step with firming global rates....More
Mantri Square mall in Bengaluru to have metro link
Leading real estate player, Mantri Developer on Monday announced the opening of one of India's largest mall, Mantri Square, spread over 1.7 million square feet and which would soon have a metro connectivity as well....More
Bill to allow foreign institutes in India okayed
A foreign university aspiring to set up a campus in India will have to deposit Rs 50 crore (Rs 500 million) as corpus fund and cannot take back the surplus generated from education activities in the country....More
A quick guide to PPF
The purpose of a provident fund is to provide individuals some form of savings for their retirement years....More
Media and entertainment sector recovers in 2010
The media and entertainment industry is poised to start recovery in 2010, after hitting a rough patch in the previous year due to economic slowdown. ...More
CERT-In to look into cyber attacks
Government's top cyber security arm has initiated a probe into complaints of I-T department, banks and other financial bodies who have reported a spurt in cyber attacks and fake mails which was affecting their operations...More
Inflation to ease from April: FinMin
Even as inflation sniffed at the double-digit mark hitting 9.89 per cent in February, the finance ministry on Monday expressed the hope that it will moderate in the next few months. ...More
Economy will grow but with inflation: Jaitley
The opposition Bharatiya Janata Party on Monday asked the government to protect the salaried income people from the impact of price rise as inflation remains its biggest worry....More
'Infosys has never evaded any taxes'
In response to a news item -- titled 'Infosys faces evasion charges' -- that appeared in Financial Express on March 13, Infosys Technologies CEO S 'Kris' Gopalakrishnan said on Monday that the company has never evaded any tax nor will it ever evade an taxes in the future....More
Vedanta may demerge aluminium business: Report
NRI billionaire Anil Agarwal-led Vedanta Resources is likely to demerge its aluminium division, says a media report....More
Finance-Economy-News-The Economic Times
Mon, 15 Mar 2010 19:51:44 GMTEssar Oil, HPCL and BPCL among VAT defaulters: Gujarat govt
Gujarat govt's income from VAT in 2009-10 till January 31 2010, has been Rs 13,919.89 crore.
...More
Financial inclusion but not at the cost of rising NPAs: RBI
The Reserve Bank on Monday said it would strike a balance between expanding banking reach and stability of banks, even as it tries hard to improve the dismal state of financial inclusion in the country.
...More
UK Sinha report on FIIs next month
A working group set up by the finance ministry to review foreign portfolio investment policy will submit its report in April, a finance ministry official said....More
Infy pays Rs 1,180-cr advance tax for FY'10;denies any evasion
Country's second largest software exporter Infosys on Monday said it has made a total advance tax payment of Rs 1,180 crore for the fiscal 2009-10.
...More
Now, just put up your FDI proposals online
Any investor planning to enter can on file his or her investment proposal www.fipbindia.com, which was launched by finance secretary Ashok Chawla here today. ...More
NPAs to rise at a lower pace than before: Crisil
Rating agency Crisil on Monday said the pace of rise in banks' non-performing assets is likely to slow down in months ahead as firms are now in a better position to repay their loans in a recovering economy.
...More
Advance tax data shows India Inc fared well during FY 10
Barring a few, most companies have paid a higher tax this quarter (Q4 FY 10) and for the year (FY 10). SIPs will protect you at tough times | Top gainers & losers
...MoreIndia LIC pays 8.64 bln rupees advance tax: Official
India's government owned Life Insurance Corp of India has paid 8.64 billion rupees as advance tax for the March quarter, compared with 8.1 billion rupees a year ago, an income tax department source said on Monday. ...More
Reliance Industries pays Rs 770 crore advance tax in Q4
Cement maker ACC paid Rs 330 crore, from Rs 340 crore a year ago, the source, who did not wish to be named, added....More
Divestment in Hindustan Copper may be possible: Min
Divestment in Indian state-run Hindustan Copper might be possible, the mines minister said on Monday.
...More
Par panel for raising minimum capital of LIC to Rs 100 cr
A parliamentary panel has favoured raising the minimum paid-up capital of state-owned Life Insurance Corporation from Rs 5 crore to Rs 100 crore, a move which will bring it on par with private insurers....More
All villages to get banking services by 2015: RBI
The Reserve Bank deputy governor KC Chakrabarty on Saturday said all the villages will have banking services by 2015....More
Investment in IMF is good: RBI
Reserve Bank deupty governor KC Chakrabarty said the investment in the International Monetary Fund by purchasing USD 10 billion worth of its notes is a good decision as the country has surplus foreign exchange reserves. ...More
Investment in IMF is good: RBI
Reserve Bank Deupty Governor KC Chakrabarty on Saturday said the investment in the International Monetary Fund by purchasing $10 billion worth of its notes is a good decision....More
RBI lends $10 bn to help IMF build a 'war chest'
RBI has done its bit to help economies struggling from the global financial crisis, by lending $10 billion to the International Monetary Fund’s war chest, dedicated to the cause.
...More
The Hindu - Business
Tue, 16 Mar 2010IBN Business news
Tue, 29 May 2007 15:36:53 +01002 Indian firms in global 'Hot Growth' list
Cognizant Technology & Exlservice have made it to a list of world's 100 ‘Hot Growth’ companies with significant growth potential....More
Debate: A nation without power
The PM has warned that India’s economy faces a severe power crisis. ...More
DRI widens net to nab Pune builder
The Directorate of Revenue Intelligence has summoned influential Pune builder Avinash Bhosale to Mumbai for interrogation. ...More
Sensex marches up, crosses 14,400
Bombay Stock Exchange Sensex gathered another 66 points in early trade with funds buying in heavy-weight blue-chip stocks....More
HPCL seeks legal way against LN Mittal
HPCL smells foul play as Mittal changes investment route for picking 49 per cent stake in Bhatinda refinery project....More
'Property prices to impact BPO sector'
High attrition rate and unprecedented hike in property prices are likely to affect the growth of India’s BPO industry....More
Binani Cement lists at Rs 75 on BSE
Binani Cement, which got listed at Rs 75 on the Bombay Stock Exchange (BSE) touched a high of Rs 79 within minutes of listing....More
Foreign funds want Indian investors
Indian markets doing reasonably well but Indians still looking for new ways to make money....More
Inflation will soon fall to 3 pc: RBI
RBI said they would bring down inflation close to 3 per cent well before the timeframe of the midterm inflation goal....More
Standard Chartered to buy stake in UTI
Standard Chartered plc is to buy 49 per cent stake in UTI Securities to complement its private banking business....More
Mukesh Ambani India's 1st trillionaire
Mukesh Ambani is India's sole trillionaire with over Rs 1,00,000 crore of wealth floated through his companies’ shareholdings....More
PM shifts focus to agriculture now
In order to help the development benefits reach rural corners, PM has suggested adopting a more flexible approach....More
Would-be-brides run after IT brigade
Fat pay packets and lavish lifestyles have made IT professionals the most sought after in the matrimony market....More
Anil Ambani panics | Maya caps SEZ
ADAG said it had won Noida SEZ on “a transparent and competitive basis.” ...More
India Inc dismisses PM pay advice
While the PM suggests corporate salaries must be cut, corporates say the shortage of talent make that impractical....More
Offers flow as property demand sinks
Builders say that confusion on whether to go for a fixed or floating rate loan is what is slowing consumer decision....More