NREGA grapples with quality control
According to the Bhilwara collector’s office, the NREGA expenditure in that first year approached Rs300 crore, one of the highest in north India
Archive for June, 2009
The relief rally in the bear market is close to finishing
There certainly is more liquidity in markets and that has helped the rally in Asian stocks
Mutual fund not to have entry load from August one: SEBI
Entry load refers to the charge levied by a mutual fund when an investor steps in, to meet their marketing costs and distribution commissions.
Lupin acquires world-wide rights of nasal steroid
Pharma major Lupin on Tuesday said that it has acquired the world-wide rights for the intra-nasal steroid (INS) product AllerNaze nasal spray 50 mcg from Collegium Pharmaceutical Inc.
Mukesh Ambani’s RIL not to sign pact with Anil’s RNRL on gas supply
Rejecting offer for talks, Mukesh Ambani-run RIL has told Anil Ambani group firm RNRL that it will not sign any agreement on the gas supply issue without govt nod.
Rupee turns stronger by 20 paise to 47.90/91 a dollar
The rupee turned stronger by 20 paise to end at 47.90/91 against the dollar today as the US currency weakened against major world currencies in Asian trade.
Gold down, silver up by Rs 200
Subdued demand weighed on the gold prices in the bullion market, while silver rose by Rs 200 to Rs 22,750 per kg on good buying.
India-EU summit in New Delhi on Nov 6: Krishna
India and the EU have agreed to hold their annual summit in New Delhi on November 6 to take forward their strategic partnership, external affairs minister S M Krishna has said.
Sensex tumbles on profit selling ahead of Budget
In choppy trade, the Bombay Stock Exchange benchmark Sensex on Tuesday tumbled nearly two per cent on profit-booking by investors ahead of the general Budget amid a weak opening at European markets.
Fiscal deficit crosses 27% of target in first two months
Fiscal deficit of the Union government shot up to Rs 90,758 crore for the first two months of the current fiscal, already 27.3% of the budget estimate.
New Delhi, Patna best cities to start business: World Bank
Patna is ahead of Mumbai but second only to New Delhi in terms of ease of starting a business, according to the World Bank.
Oil companies hike jet fuel prices by 6% effective midnight
For the fourth time in two months, state-run oil firms on Tuesday hiked jet fuel or ATF price by more than 6 percent on firming international oil prices.
Banks top employer in Q1: Assocham survey
The banking sector has emerged as biggest job generator in the first quarter of current fiscal, increasing headcount by more than 16,000, a survey by Assocham has found.
Sensex pares early gains, down 96 points
The Bombay Stock Exchange benchmark Sensex wiped off early gains and fell by 96 points at 1115 hrs on profit-booking at improved levels.
Rupee up 23 paise against dollar
The Indian rupee appreciated by 23 paise to a two-week high against the dollar in early trade on expectations of increased capital inflows by foreign funds following firm Asian stock markets.
US banks tread warily around Bharti-MTN deal
MTN-Bharti deal involves units in Iran, Sudan, Syria; US limits firms from certain dealings in sanctioned areas; Iran business growing significantly; US officials say there is some room to tread carefully
Bandra-Worli Sea Link: commuters happy, investors wary
India needs approximately $500 billion by 2012 to upgrade its congested ports, potholed roads and inadequate utilities
Power companies eye tax sops, pro-investment moves
Power sector policies need long-term view than a view of just single financial year
Auto parts sector seeks more duty cuts
Auto parts firms seek duty cut on raw materials; sector asks for rise in duty on imported products; analysts expect a ‘neutral’ budget for the sector
