Citigroup looking to demerge private equity arm in India
Citigroup may be looking to demerge its private equity arm in India, which has a whopping USD 2.5 billion investment portfolio here, reports CNBCTV18\'s Kritka Saxena. ...More
Moneycontrol Top Headlines
Thu, 11 Mar 2010 00:00:02 ISTIIMA placements over, avg int\'l salary at Rs 1.1cr
Indian Institute of Managment Ahmedabad has completed its placement procedure, reports CNBCTV18. All 289 students were placed by day nine. About 110 firms participated in IIMA placements....More
Mkts continue to trade rangebound, Nifty ends 14 points up
It was another lacklustre trading session today with the indices stuck in a tight range. The Nifty ended the day at 5,116, up 14 points, while the Sensex shut shop at 17,098, up 45 points....More
Fly Chennai to Kuala Lampur for mere Rs 3K on AirAsia
You can fly from Chennai to Kuala Lampur for a mere Rs 3,000. AirAsia is creating turbulence in the lowcost market by pricing tickets at nearly onefourth the price charged by other airlines....More
NMDC FPO opens; should you subscribe?
The 332,243,200 equity shares followon public offer of NMDC, a navratna public sector undertaking, opened for subscriptions today. The price band for the issue, which will close on March 12, 2010, has been fixed at Rs 300350 per share....More
Emaar MGF, Lodha Developers IPO on wait watch mode
Big ticket realty initial public offerings have pressed the caution button on the back of poor listings recently and the Securities Exchange Board of India\'s new mandate for qualified institutional bidders...More
See turnover at Rs 800900cr in FY11: Peninsula Land
In an exclusive interview to CNBCTV18, the three heirs of the Ashok Piramal group: Rajeev Piramal, Nandan Piramal, and Harsh Piramal spoke about the textile business, real estate and the entertainment business....More
Mint excl: Sequoia Cap to turn promoter of SKS Microfinance
Venture capital fund, Sequoia Capital India is set to become a promoter of India\'s largest microfinance institution, SKS Microfinance, reports CNBCTV18, quoting Mint....More
Detergent price wars: PG cuts prices of Tide Naturals
PG has taken the next step in the laundry segment battle with Hindustan Unilever. The FMCG giant has implemented a further drop in tide natural prices by increasing the grammage of the pack, reports CNBCTV18�s Tanvi Shukla. ...More
Now, trade Nifty futures on Chicago Merchantile Exchange
The National Stock Exchange (NSE) has signed a crosslisting pact with the Chicago Mercantile Exchange, reports CNBCTV18\'s Mrinalini Krishna...More
Bosch loses $60.4m rev in Feb due to Bangalore plant strike
Bosch loses $60.4m rev in February due to Bangalore strike
The Bosch Group has lost USD 60.4 million in revenue in February alone due to the strike at its factory at Naganathpura in Bangalore. ...More
The personal and professional journey of Ekta Kapoor
In an exclusive interview with CNBCTV18�s Anuradha Sengupta, Joint MD of Balaji Telefilms, Ekta Kapoor, speaks about her personal and professional journey so far....More
Rangebound markets: What should investors do now?
It was another lacklustre trading session for markets on Wednesday with the indices stuck in a tight range. The Nifty ended the day at 5,116, up 14 points, while the Sensex shut shop at 17,098, up 45 points. The breadth continues to be weak at 1:2 in favour of declines. Volumes too were extremely lacklustre at Rs 83,400 crore....More
Crude must defend $78 to maintain uptrend: Sushil Global
In an interview with CNBCTV18, Saravanan K, Sushil Global Commodities gave his strategy on crude and gold....More
Videocon focuses on tech to break through DTH clutter
The latest entrant in the directtohome market, Videocon D2H, is looking to break though the clutter by its focus on technology. CNBCTV18\'s Tanvi Shukla analyses Videocon\'s strategy and the way forward for the sector itself.
...More
Sify.com
Thu, 11 Mar 2010 0:00:09 +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
Wed, 10 Mar 2010 18:30:00 GMTRupee at 2-month high, FII inflows top $2 bn
The rupee on Wednesday rose to nearly two-month high of 45.38/39 a dollar by registering a smart 24-paise gain against the US currency on dollar selling amid sustained capital inflows....More
BSNL staff up in arms against Pitroda panel report
Fifteen employees' unions of state-run telecom behemoth BSNL on Wednesday threatened to go on agitation against the Sam Pitroda panel's recommendations for the company's listing, massive voluntary retirement scheme and scrapping of its Rs 35,000 crore (Rs 350 billion) expansion plans....More
RIL engaged hundreds for due diligence: Lyondell
In its multi-billion-dollar acquisition pursuit for LyondellBasell, the Mukesh Ambani-led Reliance Industries engaged 'hundreds' of advisors and personnel to access thousands of documents related to the proposed deal, which was rejected by the Luxembourg-based bankrupt chemicals major....More
PMEAC for hike in petroleum prices
The Prime Minister's Economic Advisory Council on Wednesday favoured further increase in petroleum prices in line with the global trend....More
Banking, finance cos largest recruiters at IIM-B
The Indian Institute of Management, Bangalore has achieved 100 per cent placement for its batch of 270 students this year within five days, with the highest number of offers being made in the financial sector followed by the consulting sector. ...More
The top 6 best-selling cars in India
Maruti Suzuki continues to dominate the Indian automobile market with its best-selling cars like Alto, WagonR and Swift. Maruti Alto has maintained its position of India's best-selling model....More
FDI inflows dip to $2.04 billion in Jan
The foreign direct investment in the country declined by 25 per cent to $2.04 billion in January compared to the same month last year, snapping a trend of positive growth in the previous three consecutive months. ...More
Global outsourcing deals rising again, says Infosy
"What has changed in the last two quarters is that the markets have improved and deals are coming back. We see more deal-flows," Infosys' CEO and managing director, S Gopalakrishnan, told reporters on the sidelines of a CII meet in Mumbai on Wednesday....More
'Rail Budget will promote regional imbalance'
The Opposition on Wednesday slammed the Railway Budget saying it will promote regional imbalance and criticised its use to promote political ends. Initiating the general discussion on the Railway Budget in the Rajya Sabha, Kalraj Mishra (BJP) said Uttar Pradesh and Bihar have been neglected and most of the projects have gone to West Bengal....More
Govt plans to sell off 12-15 PSUs next fiscal
The government is likely to go ahead with divestment in 12-15 public sector units, including SAIL, Coal India, Hindustan Copper, Satluj Jal Vidyut Nigam Ltd and Engineers India Ltd among others next fiscal to raise Rs 40,000 crore, as stated in the budget....More
Sensex ends up 45 points at 17,098
The Sensex ended at 17,098, up 45 points. The broader-based Nifty shut at 5,116, up 15 points....More
No plans for diesel i10, says Hyundai
Right now Hyundai has a market share of about 20 per cent in the passenger cars segment....More
Govt plans to rationalise natural gas prices
The government is planning to rationalise multiple prices of natural gas in the country to make fuel costs uniform for all consumers, Oil Secretary S Sundareshan said on Wednesday....More
India figures at Berkeley Asia business meet
Enterprise, entrepreneurship, risks and returns were the buzzwords at the Tenth Berkeley Asia Business Conference 2010 last month that saw for the first time the holding of an India forum, evidently in recognition of the country's growing economic prowess....More
Great mantras to unlock stock market riches
Formula plans can unlock the door to stock market riches -- by helping you, automatically, buying low and selling high. Check out how....More
Finance-Economy-News-The Economic Times
Wed, 10 Mar 2010 18:39:07 GMTBulk of govt borrowing in H1: Montek
The government plans to carry out bulk of its targeted borrowing for fiscal 2010-11 in the first six months, the country’s top policy adviser has said. ...More
Govt to tweak transaction rules with states
The Union government will initiate a series of changes in the way its transactions with states are recorded as it looks to meet stringent deficit targets over the next two years.
...More
Govt to borrow more from mkt in H1 of 2010/11
The government will raise by September more than half of its record $100 billion planned borrowing for the financial year that begins on April 1....More
PSBs should raise money from markets: Montek
Pitching for banking sector reforms, Planning Commission deputy chairman Montek Singh Ahluwalia on Tuesday said PSU banks should look at stock markets to raise money to meet their capital adequacy norms and fund future growth....More
GST will bring down cost of most goods: Govt
The government on Tuesday said the prices of most goods will declined with the implementation of the Goods and Services Tax (GST)....More
Finmin, RBI to meet end March on FY11 borrowing
The Reserve Bank of India (RBI) and finance ministry officials will meet in end-March to decide on the government's borrowing plan for the fiscal year 2010/11, a senior official said on Tuesday....More
India's third best choice for PE companies
India is ranked among the top three investment destinations for PE firms in the world, as per a report by consulting firm Bain & Company.
...More
Banks face mega losses as bond yields hit 17-mth high
Falling bond prices could lead to losses for banks which hold government securities as part of regulatory obligation and also as investments.
...More
'Over 24,000 cr spent on defence equipment purchase till Feb'
Government on Monday said Rs 24,122 crores has been spent till February 2010 to procure various defence equipment for the armed forces during the current financial year....More
Government seeks to cut stake in State Bank of India to 51%
Government could raise $1.2 billion at current market prices from the key reform move. Check out the top gainers, losers and recommendations from analysts
...MoreGovt plan to recapitalise PSU banks is credit positive
During the Union Budget, finance minister Pranab Mukherjee said that Rs 165 billion will be used to ensure that public sector banks are able to attain minimum 8% Tier 1 capital by March 2011....More
Quest for fast growth lands India's microfinance institutions in soup
The quest for fast growth has landed india’s microfinance institutions in the soup. ET’s M Rajshekhar decodes the crisis and looks at the way forward
...More
Plan panel may allocate more for JNNURM
The Planning Commission could consider giving more funds for the UPA’s flagship urban development programme Jawahar Lal Nehru Urban Renewal Mission if the scheme is able to improve utilisation.
...More
FICCI decries MAT rate hike, calls for 26 pc peak rate
Apex industry chamber FICCI decried a 3 per cent hike in the Minimum Alternate Tax in Budget 2011, saying it over weighed the concessions in the corporate tax and the government should look at reducing the peak rate to 25.6 per cent from over 30 per cent now.
...More
EPFO to appoint banks other than SBI for PF collection
Irked by the SBI's unilateral decision to raise charges on provident fund collections, the retirement fund manager EPFO is considering handing over the business to other banks, and the negotiations for the same may start soon....More
The Hindu - Business
Wed, 10 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