latest news

Cooperative banks penalised for violating RBI norms

The Reserve Bank of India has penalised three cooperative banks in Gujarat with non adherence to RBI norms out of which two have also been charged for not following the anti-money laundering (AML) guidelines.

China pushes firms to shop for famous global brands

China wants its firms to buy top global brands as a short cut to improving their reputations, the commerce minister said on Monday, one of the clearest messages of official support yet for a strategy of high-profile foreign acquisitions.

Would Glencore IPO herald end of commodity boom?

Investors have a good reason to question whether Glencore's prospective share listing heralds the end of the commodity bull run.

Tata, New Millenium to develop taconite deposit

Tata Steel signed a binding agreement with Canadian iron ore miner New Millennium Capital Corp to develop the taconite iron ore deposit in Canada, New Millennium said in a statement.

Nearly 3% of global gas supply at risk: Goldman

Nearly 3% of global gas supply could be at risk of disruption in North Africa and the Middle East, according to investment bank Goldman Sachs.

No need yet for coordinated oil stock release: IEA

A coordinated release of strategic oil stocks is not yet needed because the global oil supply disruption caused by an uprising in Libya remains limited, the International Energy Agency (IEA) said on Monday.

PTC India Fin Services IPO likely in March

PTC India Financial Services, a unit of power trader PTC India, is likely to launch its initial public offering to raise Rs 4.5 billion in March, Chairman T N Thakur said on Monday.

Ambala Cements name changed to Scan Projects

Ambala Cements has changed the name from

Atco Corporation to consider conversion of warrants

Atco Corporation has its Board of Directors meeting on March 12, 2011 to consider conversion of warrants.

Mahindra Satyam signs deal with Omran

Mahindra Satyam has signed deal with Omran.

OnMobile Global approves issue of bonus shares in ratio of 1:1

OnMobile Global at its meeting held on March 07, 2011 has approved issue of bonus shares in the ratio of 1:1.

Reduce Areva T&D; target of Rs 243: Angel Broking

Angel Broking is bearish on Areva T&D and has recommended reduce rating on the stock with a target of Rs 243 in its March 4, 2011 research report.

IRF Trading on 91-day T bills: RBI issues Amendment Directions

IRF Trading on 91-day T bills: RBI issues Amendment Directions

Second Liquidity Adjustment Facility : Auction Results

Second Liquidity Adjustment Facility : Auction Results

General Motors to hike prices for second time this year

The Indian arm of the American auto-major General Motors is likely to increase prices for the second time this year to offset surging raw material costs.

Mahindra Satyam signs contract with Omran for ERP

Mahindra Satyam today announced that its Oracle Practice has signed a contract with OMRAN, the company mandated by Oman Government to deliver major projects and manage tourism assets and investments.

Reforms in governance needed for development: Kamal Nath

Pitching for more reforms in trade and investment, Urban Development Minister Kamal Nath today said there is also need for reforms in governance to bring about more development.

Service tax on healthcare not to hit common man: CBEC

The government today said the proposal to impose service tax on healthcare will not hurt the common man as only services provided by the centrally AC hospitals with more than 25 beds would attract the new levy.

Modern etiquette: When Bob's dog dies, do you send flowers?

In the old days, I had been known to point at dogs in the street and sputter callously, "That is why zoos exist. Animals should be behind bars."

Why the world should heed China's five-year plan

By 2015, China will be a fairer, greener society. Rising incomes will have boosted consumption and industry will have clambered up the technology ladder.

Moody's cautious on Gulf companies as unrest looms

Credit rating agency Moody's is still cautious on Gulf Arab companies as political turmoil weighs on the region despite a broader economic recovery.

Hold Unitech; target of Rs 38: KRChoksey

KRChoksey has recommended hold rating on Unitech with a target of Rs 38, in its March 7, 2011 research report.

Buy Parekh Aluminex; target of Rs 350: Sunidhi Securities

Sunidhi Securities is bullish on Parekh Aluminex and has recommended buy rating on the stock with a target of Rs 350 in its March 7, 2011 research report.

Buy YES BANK; target of Rs 370: Nirmal Bang

Nirmal Bang is bullish on YES BANK and has recommended buy rating on the stock with a target of Rs 370 in its March 7, 2011 research report.