Contributor ReportsZero per cent interest rate? Beware!
Source: India Abroad
Mumbai :: India | updated Mon Dec 07 23:11:46 -0800 2009 | business-news
Get Quote ] has often warned banks on 'zero-interest loans' because the concept itself is faulty. In a recent circular, it said such schemes lacked transparency because they distorted the pricing mechanism. "These products do not give a clear picture...
Trai sees no cartel in telecom
Source: Asian Age
New Delhi :: India | updated Mon Dec 07 22:36:37 -0800 2009 | business-news
The telecom regulator has said there is no cartelisation by incumbent operators to offer below-cost tariffs, the Lok Sabha was informed on Monday. "Trai has reported that it has not come across any instances of cartelisation by incumbents aimed at...
Rupee firms up by four paise to 46.52 against USD
Source: NewKerala
Thiruvananthapuram :: India | updated Mon Dec 07 22:31:59 -0800 2009 | business-news
The rupee firmed up by four paise to 46.52 against US Dollar in the early trade today, as against its previous close of 46.56, on sustained selling support from bankers, traders at the local foreign exchange (forex) said here. Yesterday,...
Rly revenues beat estimate, register strong growth
Source: India Abroad
New Delhi :: India | updated Mon Dec 07 22:22:28 -0800 2009 | business-news
Riding on strong growth in revenues from traffic operations, the ministry is looking at revising upwards the traffic receipts it had outlined in the Budget this financial year. A senior official at the ministry said: "Our revenue earnings have been...
BSNL launches 3G in Andaman and Nicobar Islands
Source: NewKerala
New Delhi :: India | updated Mon Dec 07 22:11:36 -0800 2009 | business-news
Andaman and Nicobar Telecom Circle, launched the service at Port Blair yesterday...The new 3G service will be upgraded accordingly phasewise,'' assured the CGM. Apart from Port Blair, 3G services are planned to be launched in the cities of Rangat, Mayabunder...
Gujarat NRE coke Australian unit raises 50 million Australian dollar
Source: NewKerala
New Delhi :: India | updated Mon Dec 07 21:56:45 -0800 2009 | business-news
Gujarat NRE coke Australian unit raises 50 million Australian dollar New Delhi, Dec 8 : Gujarat NRE Coke Ltd today said its Australian subsidiary Gujarat NRE Minerals Ltd has raised Australian dollar (A dollar) 50 million in capital through a...
Investing? Check these 4 new funds
Source: India Abroad
Mumbai :: India | updated Mon Dec 07 21:50:18 -0800 2009 | business-news
The markets have staged a strong recovery since the start of the year with the BSE Sensex giving returns in the region of 81 per cent. Equity diversified funds, which perform in line with the broader markets, too, did not...
Carlyle, Apax Partners eye ICICI stake in 3i Infotech
Source: Daily News & Analysis
Mumbai :: India | updated Mon Dec 07 23:06:57 -0800 2009 | business-news
Officials at Apax, Carlyle and KKR could not immediately be reached. Strategic Investments Fund, has been paring its holding in the IT firm in the open market and had sold about 5.7 million shares in early October, the Economic Times...
Raw material cost may hit sugar cos
Source: The Economic Times
Mumbai :: India | updated Mon Dec 07 21:38:03 -0800 2009 | business-news
Dec 2009, 0958 hrs IST, Shikha Sharma, ET Bureau Text: The September 2009 quarter turned out to be a bumper quarter for Indian sugar manufacturers. The local sugar industry has witnessed an operating margin of 20% average for four quarters...
Open offers back with arbitrage opportunities
Source: The Economic Times
Mumbai :: India | updated Mon Dec 07 21:35:56 -0800 2009 | business-news
After witnessing a brief lull during the recent bull run, open offers have begun to pick up as the calendar draws to a close. A few of them, particularly Great Offshore, provide existing shareholders an opportunity to exit at a...
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