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Investors, who bought gold from banks, are in a fix as leading jewellery houses are not ready to buy it and the yellow metal cannot be sold back to banks either Investors, who bought gold from banks, are in a fix as leading jewellery houses are not ready to buy it and the yellow metal cannot...

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Food price inflation hovered around a decade's high of 19.95%, triggered by a short supply of essentials due to lower farm production, following drought and floods in various parts of the country during the year Food inflation hovered around a decade's high of 19.95% as of 5th December,...

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Pallabika Ganguly 17 December 2009
The company, a unit of JM Financial (led by Nimesh Kampani), is looking to invest the fund mainly in residential projects within the next 9 to 12 months JM Financial Ltd’s real-estate investment unit, Infinite India Investment Management Pvt Ltd, is planning to invest an additional $60...

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The infrastructure company has cleared the technical qualification round for building several highway projects worth around Rs20,000 crore in the country Infrastructure player C&C Constructions Ltd said on Thursday that it has cleared the technical qualification round for building several...

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Has the BSE stolen a march over the NSE by taking the lead in extending trading hours? The NSE was planning to start trading at the earliest to catch up with the Singapore market, but the BSE has stolen its thunder It is just a matter of 10 minutes, but translates into a huge signal by the...

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Has the BSE stolen a march over the NSE by taking the lead in extending trading hours? The NSE was planning to start trading at the earliest to catch up with the Singapore market, but the BSE has stolen its thunder It is just a matter of 10 minutes, but translates into a huge signal by the...

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Sanket Dhanorkar 16 December 2009
Employees’ and officers’ bank unions went on a day’s strike on Wednesday, hampering cheque clearing processes and other operations Bank branches across the country wore a deserted look on Wednesday as the strike call by the All India Bank Employees Association (AIBEA) and All India Bank...

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A fresh test will be held in mid-January 2010 for registered students who could not take the test earlier due to technical glitches. The IIMs have decided to continue with computer-based testing in future. This year's computerised Common Admission Test (CAT), which was marred by technical...

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PepsiCo is seeking government permission to use alternative sweeteners following the steep rise in sugar prices due to scarcity of sugarcane Soft drinks and snacks producer PepsiCo India on Wednesday said that it may use stevia as an alternative sweetener if the government permits it to do...

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Swapnil Suvarna 16 December 2009
Indian markets witnessed massive volatility due to concerns over possible tightening of monetary policy by the RBI The Sensex gained 36 points from the previous day’s high, ending the day at 16,913, while the Nifty closed at 5,042, up 9 points. During the day, the prime minister’s economic...

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Bajaj Auto’s group chairman Rahul Bajaj says that he is “hurt" and “not convinced” over his son’s decision to exit the scooter segment Exposing the rift in two-wheeler giant Bajaj Auto Ltd, group chairman Rahul Bajaj on Wednesday differed with his son and managing director Rajiv...

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The company will bid for up to 25 national highway projects, valued at an estimated Rs40,000 crore, in the next one year Infrastructure company Punj Lloyd Ltd said on Wednesday that it will bid for up to 25 national highway projects, valued at an estimated Rs40,000 crore, in the next one...

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The total area under wheat cultivation increased to 217.28 lakh hectares during 1st October to 10th December 2009, from 216 lakh hectares in the same period last year. The Indian government on Wednesday said wheat sowing has fallen a bit in the key growing states of Punjab and Haryana but...

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The Godrej Consumer board has approved a proposal to raise Rs3,000 crore through issue of securities for various corporate purposes. Fast-moving consumer goods (FMCG) company Godrej Consumer Products Ltd (GCPL) on Wednesday said its board has approved a proposal to raise Rs3,000 crore through...

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The tea industry is expected to end year 2009 with a production shortfall of 5 million kg-10 million kg in the domestic market and about 75 million kg-80 million kg in international markets Tea prices in the domestic and international markets are expected to remain firm in the coming months...

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Yogesh Sapkale  and   Ravi Samalad 16 December 2009
Minority shareholders of BGL are crying foul over the move. Next year, the company is planning to go for overseas trading operations in coal and bio-diesel, which could yield huge profits Karnataka-based Bhuruka Gases Ltd (BGL), a unit of the Bhoruka Group, is planning to buy out the entire...

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Amritha Pillay 16 December 2009
GE Shipping says it is considering a fleet-age limit of 25 years to phase out its single-hull vessels while SCI says it may convert some of its vessels. While the global deadline for the phase-out is 2010, India is among the many countries which have accepted a deadline of 2015. The phase-out...

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Amritha Pillay 15 December 2009
SEBI failed to regulate the Osian Art Fund under its regulations covering Collective Investment Schemes, despite its own advisory against unregulated art funds in 2008 The Securities and Exchange Board of India (SEBI) has a mandate to regulate what are called as collective investment schemes...

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Amritha Pillay 15 December 2009
SEBI failed to regulate the Osian Art Fund under its regulations covering Collective Investment Schemes, despite its own advisory against unregulated art funds in 2008 The Securities and Exchange Board of India (SEBI) has a mandate to regulate what are called as collective investment schemes...

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According to the CBI’s supplementary charge sheet, the accused created fake customers and generated invoices against them in order to inflate revenues of Satyam to the tune of Rs430 crore The Central Bureau of Investigation (CBI) has charged Satyam Computer Services Ltd (Satyam) founder B...

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