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The Supreme Court extended its interim order banning mining and transportation of iron ore by Obulapuram Mining Company, owned by the Reddy brothers, in Anantapur district of Andhra Pradesh The Supreme Court on Monday extended its interim order banning mining and transportation of iron ore by...

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During 2009, Mercedes India's car sales fell by over 10% and it lost leadership position to rival German automaker BMW German luxury car maker Mercedes on Monday said that it has lost leadership position in the premium segment in India to rival BMW and reported a decline of 10.4% in sales in...

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The power producer is implementing projects worth 3,200MW in Maharashtra, 1,320MW in Chhattisgarh and 1,600MW in West Bengal and plans to become an over 11,000MW company by 2015 JSW Energy Ltd, the first company to be listed on the bourses in 2010, on Monday said that it plans to invest...

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The power producer is implementing projects worth 3,200MW in Maharashtra, 1,320MW in Chhattisgarh and 1,600MW in West Bengal and plans to become an over 11,000MW company by 2015 JSW Energy Ltd, the first company to be listed on the bourses in 2010, on Monday said that it plans to invest...

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Swapnil Suvarna 02 January 2010
Sensex has closed at a weekly, monthly and quarterly high During the past week, the market remained volatile as traders rolled over positions in the derivatives segment from December 2009 series to January 2010 series on expiry of the December 2009 contracts on Thursday (31st December). The...

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Swapnil Suvarna 31 December 2009
Indian markets set to continue with their positive momentum next week The Sensex was up 121 points from the previous day’s close, ending the day at 17,465 while the Nifty closed at 5,201, up 32 points. The markets pared gains towards the end of the day as the near-month December 2009 futures...

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Stockbroker associations have roped in Mumbai MP Milind Deora for help in resolving the extended trading hours issue Stockbroker associations, the BSE Brokers Forum and the Association of National Exchange Members of India (ANMI) have roped in MP Milind Deora for help in resolving the trading...

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As part of its diversification plan, the company is planning to set up a fungicide plant in Maharashtra State-run Hindustan Insecticides Ltd (HIL) is planning to set up a greenfield plant worth Rs20 crore to produce mancozeb (a fungicide) in Maharashtra as part of its diversification plan,...

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Ravi Samalad 31 December 2009
The de-listed company held its EGM to decide the buyback price, as per the Karnataka High Court order Karnataka-based Bhoruka group company Bhuruka Gases Ltd (BGL) has said that it has received shareholders’ approval to buy back its shares at Rs41 per share. However, the final share purchase...

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Amritha Pillay 31 December 2009
While the growing economy is expected to drive rail freight volume growth, rail haulage rates continue to remain a serious concern Rake capacity in the Indian rail freight industry is bound to grow from the present 300 rakes to 500 rakes by 2013. According to industry experts, looking at the...

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R Balakrishnan on saving  and   investing prudently 31 December 2009
At last, an insurance product that is cheap, well-structured and can be bought off the Internet Aegon Religare has launched a pure term policy called ‘iTerm Plan’ which offers you a facility to get insured directly—without an agent. I entered some data and noticed that the annual premium for...

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Attributing the decline in tourism to the global financial slowdown, terror threats and swine flu scare, the tourism minister hopes that some of the measures including the visa-on-arrival scheme and the Commonwealth Games would bring good results in 2010 Terror threats, swine flu scare and...

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The year 2010, however, holds promise, as corporates will take advantage of the new opportunities, the improving liquidity situation worldwide and the fact that the United States and Europe may witness further consolidation next year. The global economic slowdown forced corporate India to...

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Pallabika Ganguly 30 December 2009
The real-estate segment is cushioned with funds from investors and banks. Ergo, players may not reduce prices in the near future Real-estate developers are not ready to lower the prices of their properties for end-users as they are cushioned with funds from banks and investors. The...

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Brokers say they will not boycott trading even if the bourses go ahead with their decision to start trading at 9am from 4th January, as announced earlier this month. Stock brokers on Wednesday asked both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) to maintain the...

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Subrato Das 30 December 2009
Sensex sheds 57 points to close at 17,344, while the Nifty falls 17 points to 5,169 Stock prices fell marginally on Wednesday, ending a four-day rise that had lifted them to their highest level in 19 months. The BSE Sensex lost  57 points to close at 17,344 while the NSE Nifty ended at 5,169...

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Yogesh Sapkale  and   Amritha Pillay 30 December 2009
Airtel DTH is all set to replace WorldSpace services from its platform with 10 radio channels of All India Radio Indian subscribers to WorldSpace radio services are praying for a miracle so that it can continue to broadcast signals beyond 31st December. However, there is a thin line of hope...

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There are scams, wrong products and incorrect advice galore to induce the gullible customer to choose foolishly. So how can you cut through all the hype and ensure that your money is not spirited away? Moneylife Team explores Everyday, financial services companies are bombarding you with...

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Ravi Samalad 30 December 2009
Banks are lending idle cash for higher returns to companies for advance tax payments which has sucked up about Rs40,000 crore to Rs45,000 crore from the system Bank credit to Small and Medium Enterprises (SMEs) is likely to get costlier as lenders are shying away from lending to this sector...

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Osian Art Fund fetched poor returns for investors and bad publicity for Osian and drove a hard lesson about speculation and ‘wealth management services’ We have always been sceptical about fancy investment ideas, especially involving products that are illiquid, sold after a prolonged rally...

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