INVESTOR INTEREST


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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Vedanta Group has alleged that NGOs like Survival International and Action Aid are instigating locals to go to hilltops and set up houses where the company has proposed to mine bauxite The Vedanta Group has asked the Orissa government to restrict entry of foreign non-governmental...

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This cashless deal (worth Rs10,000 crore) is another case where a family-owned unit has been valued at a fancy price and dumped on a publicly-listed entity. But neither the regulator nor the investor community seem to care According to media reports, DLF is planning to acquire DLF Asset...

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Swapnil Suvarna 15 December 2009
Indian markets faltered on fears of the apex bank moving towards a tighter monetary policy The Sensex closed at 16,877, down 220 points from the previous day’s close, while the Nifty ended the day at 5,033, down 73 points, on fears of monetary tightening by the central bank. Reliance...

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SEBI has banned entry loads for mutual funds. The outcome has been catastrophic; more earnings for big banks and less service for retail investors. Analysis by Sucheta Dalal & Debashis Basu Four months ago, the market regulator Securities and Exchange Board of India (SEBI) banned the entry...

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Pallabika Ganguly 15 December 2009
The venture fund is trying to create a good yield-generating portfolio of properties and plans to subsequently list them in the stock market ICICI Venture Fund Management Company Ltd is trying to create a portfolio of yield-generating assets by repositioning old renowned building or adding...

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R Balakrishnan on saving  and   investing prudently 15 December 2009
Have the government, regulators and financial services providers become willing partners in keeping the masses financially illiterate? Invest 12,000 every year for three years. After five years, get 72,000. Get gold coin free. Please contact 98xxxxxxxx.” I still keep getting such spam messages....

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