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Moneycontrol News Archive : 11 September, 2010

  • Savings rate deregulation: What do bankers say? 

    11th September, 2010 17:38

    What's the impression the RBI is giving about deregulating savings deposit rates? Will it be a total deregulation? Will it come with some caveats and conditions? A

  • Gujarat NRE Mineral to file DRHP in a month

    11th September, 2010 17:09

    Gujarat NRE Mineral Resources (GNMRL), the holding company of Gujarat NRE Coke, will file draft prospectus for a proposed public offer within a month, reports The

  • APL Apollo Tubes witnesses 2 bulk deals worth Rs 3.67 cr

    11th September, 2010 16:53

    APL Apollo Tubes has touched a 52-week high of Rs 152. The share closed at Rs 150.15, up Rs 12.60, or 9.16% on Thursday

  • Greece must stay fiscal course to regain trust: FinMin

    11th September, 2010 16:49

    Staying the course of fiscal consolidation will gradually restore trust in Greece's economy and allow a return to capital markets for funding, the country's financ

  • ONGC to finalise BP Vietnam asset valuation in few weeks

    11th September, 2010 16:48

    State-run explorer Oil and Natural Gas Corp will make a joint bid with Petrovietnam for BP's Vietnam assets after completing its evaluation of them in the next few

  • IFCI sells 3 lakh shares of Bhagwati Gases

    11th September, 2010 16:45

    Bhagwati Gases has touched an intraday high of Rs 7.89 and an intraday low of Rs 7.28. A share closed at Rs 7.64, up Rs 0.50, or 7% on Thursday.

  • Crew BOS witnesses bulk deals worth Rs 2.8 cr

    11th September, 2010 16:37

    Crew B.O.S. has touched a 52-week high of Rs 146. A share closed at Rs 143.35, up Rs 7, or 5.13% on Thursday.

  • RBI to act 'appropriately' on inflation: Pranab

    11th September, 2010 16:13

    The Reserve Bank of India (RBI) will take 'appropriate measures' to tackle inflation, the finance minister said on Saturday, though he added that India could not g

  • Android smartphones review: HTC's Desire and Wildfire 

    11th September, 2010 15:49

    While Nokia seems to be struggling to get its strategy right, taiwan's HTC has everyone going gaga over the Wildfire and Desire models.

  • To manage unemployment, create 1.5 lakh jobs/month: Roubini 

    11th September, 2010 15:14

    In the course of the last week, the US economy has thrown up some encouraging economic data but noted economist Nouriel Roubini, Chairman, Roubini Global Economics

  • Vodafone: You've Got Nexus! 

    11th September, 2010 14:35

    CNBC-TV18's Menaka Doshi caught up with senior tax counsels Dinesh Vyas and Porus Kaka; Shefali Goradia of BMR and former CBDT Chairman BM Singh to discuss the Vod

  • Nuclear-armed Pakistan expected to chair IAEA board

    11th September, 2010 13:44

    Pakistan is expected to become the next head of the UN nuclear watchdog's governing body despite being outside a global anti-nuclear arms pact and home to a nuclea

  • Sinopec, CNOOC in possible $7 bn OGX bid

    11th September, 2010 13:44

    China's Sinopec Group and CNOOC Ltd are bidding for stakes in assets owned by Brazilian oil and gas start-up OGX in a potential USD 7 billion deal, sources with di

  • AIB to sell Polish units to Santander for 3.1 bn euros

    11th September, 2010 13:44

    Allied Irish Banks is selling to Spain's Santander its 70.36% stake in Bank Zachodni, Poland's third largest bank, and its 50% stake in an asset management joint v

  • Skeleton of 18th century whale found in London

    11th September, 2010 13:44

    The skeleton of a huge whale, thought to have been butchered for its meat, bone and oils 300 years ago, has been discovered by archaeologists on the banks of Londo

  • HP-Oracle rift over Hurd may not mend easily

    11th September, 2010 13:44

    The relationship between long-time technology partners Hewlett-Packard Co and Oracle Corp has been strained by a very public spat over the hiring of Mark Hurd, and

  • SEC focusing on Lehman accounting maneuver: WSJ

    11th September, 2010 13:44

    The US Securities and Exchange Commission, looking into the collapse of Lehman Brothers Holdings Inc, is focusing on an accounting maneuver that made it look like

  • Would-be Wall Street sheriffs strike cautious tone

    11th September, 2010 13:44

    All candidates vying to be the next so-called Sheriff of Wall Street say they will find the bad apples without overturning the applecart in the financial capital's

  • Canada's Carney warns global recovery at risk

    11th September, 2010 13:33

    Bank of Canada Governor Mark Carney warned on Friday that failure to implement promised G20 reforms could jeopardize the global economic recovery and, in turn, wor

  • Capturing or killing bin Laden still priority: Obama

    11th September, 2010 13:33

    President Barack Obama said on Friday that capturing or killing al Qaeda leader Osama bin Laden remains a high priority as the United States marks the anniversary

  • Bell Canada parent to buy CTV for C$1.3bn

    11th September, 2010 13:33

    BCE Inc, Canada's largest telecom, will pay C$1.3 billion for full ownership of the country's biggest private broadcaster, aiming to capitalize on explosive gr

  • Investors in risk love-or-hate bind

    11th September, 2010 13:33

    With world stocks still in the red for the year, investors are becoming jumpy and impatient, torn between the need to deliver returns in a low-yield environment an

  • Obama touts economic message, fights for Democrats

    11th September, 2010 13:33

    President Barack Obama escalated his offensive against Republicans on Friday as he pushed new ideas to stimulate the sluggish US economy and try to counter Democra

  • India's FX reserves at $285.328bn as of Sept 3

    11th September, 2010 13:33

    India's foreign exchange reserves rose to USD 285.328 billion as on September 3, from USD 282.842 billion in the previous week, the central bank said in its weekly

  • Deutsche Bank set to lead likely Basel cash call charge

    11th September, 2010 13:33

    Deutsche Bank is set to lead rivals raising billions of euros as radical new global capital rules to be unveiled this weekend bite, and showed it may be good to ge

  • OPEC at 50 and the next 50 years

    11th September, 2010 13:33

    OPEC on September 14 marks 50 years of existence. In its early years in the 1960s, the Organization of the Petroleum Exporting Countries had little price impact.

  • Global stocks hurt by bank worries

    11th September, 2010 13:33

    Global stocks were pressured by concerns over banks ahead of a meeting to finalise European capital rules at the weekend, while brighter US and Chinese data hurt t

  • Dubai World in formal debt deal for $24.9bn

    11th September, 2010 13:33

    State-owned conglomerate Dubai World has come to a formal agreement with over 99% of its creditors to restructure around USD 24.9 billion of liabilities, the gover

  • Microsoft's Elop to be new Nokia CEO

    11th September, 2010 13:33

    Nokia, the world's top cellphone maker, said Stephen Elop, the head of Microsoft's Business Division, was to be its new chief executive, leading a renewed effort t

  • Obama to weigh broad changes in White House team

    11th September, 2010 13:33

    The likely exit of top aide Rahm Emanuel gives US President Barack Obama the chance to make broader staff changes as his Republican rivals look set for a resurgenc

  • US chipmakers' outlooks stoke economy concerns

    11th September, 2010 13:33

    Chip makers National Semiconductor and Texas Instruments Inc on Thursday issued quarterly financial targets that stoked investors' worries about a sluggish economy

  • US pastor cancels Koran-burning plan

    11th September, 2010 13:33

    A Christian pastor on Thursday canceled a plan to burn copies of the Koran at his obscure Florida church, which had drawn international condemnation and a warning

  • IMF makes fourth central bank gold sale in year

    11th September, 2010 13:33

    The International Monetary Fund said on Thursday that it sold 10 metric tonnes of gold to the Central Bank of Bangladesh on September 7, using Tuesday's market pri

  • DiCaprio 'wife' told to keep away for three years

    11th September, 2010 12:52

    Leonardo DiCaprio won a court order on Friday that barred a woman who believes she is his wife and is pregnant with his child from coming near him for three years.

  • A bad day at the office costly for Wozniacki

    11th September, 2010 12:52

    Top-seeded Caroline Wozniacki chalked up her US Open semi-finals loss Friday to Russia's Vera Zvonareva as a bad day at the office -- one that may have cost her th

  • German pub offers free advice to long-term jobless

    11th September, 2010 12:52

    A Berlin pub has set up an advice desk to help the long-term unemployed get back on their feet.

  • Shinsei AMC sees short-term correction ahead; suggests buys 

    11th September, 2010 12:39

    In an interview with CNBC-TV18's Vivek Law, N Sethuram, CIO at Shinsei AMC, spoke about his views on how should one go about investing in the stock market under th

  • IIP surges; what should RBI do now?

    11th September, 2010 12:22

    The industrial output data this week was as celebratory as the festive mood this weekend. At 13.8%, the July IIP was better than the most optimistic expectation wh

  • US data shows economic recovery still on track

    11th September, 2010 12:12

    New US claims for unemployment benefits fell more than expected last week to a two-month low, while the trade deficit narrowed sharply in July, hopeful signs for t

  • Banks brace for capital shake-up, credit fears linger

    11th September, 2010 12:12

    Ireland's efforts to contain the damage from struggling Anglo Irish Bank and Germany's Commerzbank warning it may have to raise capital showed on Thursday why jitt

  • Indian govt asks sugar millers to apply for exports

    11th September, 2010 12:12

    India, the world's top consumer of sugar, has asked millers to apply for exports of the sweetener against imports of raws in the past, trade and government officia

  • US economic reports lift global stocks, euro

    11th September, 2010 12:12

    Stocks and the euro rose on Thursday after stronger-than-expected US data on labor conditions and trade activity, raising hopes the tepid economic recovery would a

  • Mine-to-market model is key for rare earth miners

    11th September, 2010 12:12

    Rare earth elements are essential components in everything from iPhones to wind turbines, yet the average investor has never heard of them. That may soon change. T

  • Help! Police! Stop that man giving away free money

    11th September, 2010 12:12

    German police called to investigate a suspected scam in a Bavarian town found a man handing out money to passersby as a retirement celebration.

  • No slowdown seen in factory output growth: Basu

    11th September, 2010 12:12

    There are no signs of a slowdown in India's industrial output growth, Kaushik Basu, a senior adviser in the finance ministry said on Thursday.

  • Timothy Geithner defends timing of stimulus 2.0 

    11th September, 2010 12:01

    US Treasury Secretary Timothy Geithner defended the need and timing of this plan coming as it does just a few months before the mid-term elections in the US.

  • Google's Android to be world No 2 in 2010: Gartner

    11th September, 2010 11:49

    Google Inc's Android software will become the world's second most popular operating system for cell phones this year, leapfrogging rival offerings from Microsoft C

  • Wall Street week ahead: Prepare for volatility

    11th September, 2010 11:49

    Investors are using options to brace for big swings next week as Wall Street enters the peak of the most volatile month for stocks historically.

  • July industrial output jumps; rate hike seen

    11th September, 2010 11:05

    India's industrial output accelerated much faster than expected in July, maintaining the case for further monetary tightening by the Reserve Bank of India (RBI) to

  • IMF releases more funds for Greece

    11th September, 2010 10:56

    The International Monetary Fund (IMF) said on Friday that Greece was ahead of schedule in making needed economic reforms and said it was disbursing an additional 2

  • China economy shows inner strength in buoyant data

    11th September, 2010 10:56

    Chinese factories ramped up production in August and money growth easily topped expectations, showing that the economy remained buoyant despite government efforts

  • Air India bomb perjury trial starts in Canada

    11th September, 2010 10:56

    A Canadian man's own actions will prove he lied to a court about having no knowledge of the conspiracy that led to the deadly bombing of Air India Flight 182 in 19

  • Obama says Republicans holding recovery hostage

    11th September, 2010 10:54

    US President Barack Obama accused Republicans on Friday of holding the middleclass hostage as he defended his efforts to stimulate the sluggish economy and try to

  • Indian ADRs: Tata Comm, HDFC Bank, Wipro gain

    11th September, 2010 07:59

    Indian ADRs ended higher on Friday. In the banking space, ICICI Bank was up 0.86% at $45.64 and HDFC Bank was up 0.96% at $168.56. In the telecom space, MT

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