Singh's Tweaks: Key economic ministers shuffled around
It was rather a lukewarm reshuffle from the scandal-hit UPA government. Even as the key ministries of finance, home, defence and foreign affairs did not see any change at the helm, several other key ministers have been shuffled.
I am not an astrologer, says PM on inflation
Under attack for surging inflation, Prime Minister Manmohan Singh on Wednesday exuded confidence that prices would stabilise by March but said certain factors were beyond the control of the government.
LIC Housing Finance sees FY11 NIM steady at 3%
Housing lender LIC Housing Finance is confident of keeping margins around 3% in FY11 amid tight liquidity situation, a top official said on Wednesday.
IndiGo gets govt nod to fly overseas
Budget carrier IndiGo has received government approval to fly to Singapore, Bangkok, Dubai and Muscat after it completes five years of operations in August this year, it said on Wednesday.
Goldman profit slides 53%, shares drop
Goldman Sachs Group Inc posted a 53% decline in quarterly profit on Wednesday, in part reflecting lower results in fixed-income trading.
Rolta unlocks value in JV, sells stake to Shaw
Rolta today announced that it has sold its 50% share in Shaw Rolta Limited (SWRL) to its joint venture partner, Stone & Webster, Inc. – a subsidiary of The Shaw Group, Inc. The effective date of this transaction is December 31, 2010.
Maha Govt okays Rs 5,570cr budget For MMRDA for 2011-12
Maharashtra State Government has approved a budget of Rs 5,570 crore presented by the Mumbai Metropolitan Region Development Authority (MMRDA) for the year 2011-12 in its 128th meeting held on Tuesday.
Govt considering infrastructure debt fund options
The government is considering various options to create an infrastructure debt fund, Finance Minister Pranab Mukherjee said on Wednesday, as part of government's efforts to create long-term funds for the infrastructure sector.
Asian LPs prefer to bet on new GPs: Coller Capital Survey
A large majority of investors in private equity or limited partners (81%) intend to make commitments, over the next two to three years, to fund managers or general partners (GPs) with whom they have not previously invested, according to Coller Capital’s latest Global Private Equity Barometer.
Pranab says supply bottlenecks driving inflation
The high food inflation is being driven by supply bottlenecks and rising incomes, Finance Minister Pranab Mukherjee said in a statement on Wednesday.
RBI releases Report of the Sub-Committee of its Central Board of Directors to study Issues and concerns in the MFI Sector
RBI releases Report of the Sub-Committee of its Central Board of Directors to study Issues and concerns in the MFI Sector
Arbitrage opportunity in Tata Steel FPO: ICICIDirect
Follow-on public offer of country's largest steel maker Tata Steel has opened for subscription. Price band is set at Rs 594-610 a share for issue 5.7 crore ordinary equity shares.
How to become a better MF Investor?
How to handle the urge to abandon equity funds in a volatile market? Should I sign up for a 1-year or a 10-year? Hemant Rustagi addresses some of the common investor dilemmas.
RBI to raise key rates by 25 bps on January 25: Poll
Analysts expect the Reserve Bank of India (RBI) to raise key rates by only 25 basis points on January 25 despite sticky inflation, as a slump in industrial production growth suggests some risks to economic momentum still exist.
FMCG earnings under pressure, volumes to steer growth
Indian mid-cap consumer good firms are expected to see volume growth steer earnings in the December quarter, as margins remain under strain due to mounting input costs and rising competition erodes pricing power.
Nokia's market share troubles to hit profits
Nokia is expected to report its third profit fall in a row as the mobile phone company struggles to compete against high-end smartphones of Apple and Samsung, while also losing share at the cheaper end of the market.
Pakistani millers oppose import of Indian sugar
Pakistani millers oppose sugar imports from India because of fears New Delhi may dump surplus product and hurt the domestic industry, an industry official said on Wednesday.
Kashimiri author writes exile odyssey: Book Talk
Once the backdrop of romantic Bollywood movies in the 1960s and 1970s, Kashmir's idyllic image has darkened since a separatist rebellion broke out two decades ago, forcing many into exile from a beloved homeland.
Cartier, Montblanc ready for price hikes in 2011
Jewellers and watchmakers Cartier and Montblanc are preparing themselves for further price increases in 2011 to reflect rising precious metals prices and currency fluctuations, their heads said on Tuesday.
PM rejigs Cabinet; Jaypal Reddy takes over Oil Min
Prime Minister Manmohan Singh's Cabinet reshuffle falls short of expectations as no minister has been dropped only the portfolios of some of them have been changed.
Wipro Q3 net profit seen up at Rs 1318.3 cr
India's third largest IT services exporter Wipro is set to announce its results for the quarter ended December 2010. According to CNBC-TV18 estimates, its net profit is expected to go up at Rs 1,318.3 crore as against Rs 1,276 crore, on quarter-on-quarter basis.
Second Liquidity Adjustment Facility : Auction Results
Second Liquidity Adjustment Facility : Auction Results
Nifty below 5700: What strategy you should adopt?
It was an extremely disappointing session on Dalal Street. After a sluggish start, the indices witnessed a sharp fall in late trade & never really recovered. At closing bell, the Nifty stood at 5,691, down 33 points, while the Sensex closed below the 19,000-mark, with a 113 point cut.
PE-backed Tikona acquires HCL Infosystems arm
Tikona Digital Networks Pvt. Ltd, a wireless broadband service provider backed by private equity firms, is acquiring the networking services arm of the HCL Group.
Fortnightly outlook for currencies
The rupee traded in the range of 45.00-45.50 against the US dollar in the fortnight gone by. There was considerable debt-related inflow, which lent good support to the rupee towards the end of the fortnight.
