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Saturday, Nov 21, 2009
 
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T N Ninan: No one barked 14-NOV-09
If you’re looking for the dog that did not bark, look no further than the (lack of) response to the government’s recent economic policy pronouncements. Two weeks ago, the home minister announced the Cabinet’s decision to list on the stock market all qualifying (e.g. profitable) state-owned companies, with a minimum float of 10 per cent. Already listed companies with a smaller float would take up their public stake to 10 per cent.
First AI equity infusion by December, says Patel 15-NOV-09
Air India is likely to receive the first tranche of equity infusion by December, Civil Aviation Minister Praful Patel said today.
'Take loan, will grow' model led to Vishal's big fall 17-NOV-09
Three years before Kishore Biyani set up his first Pantaloon store on Kolkata’s high-street, Gariahat, in 1997, Ram Chandra Agarwal had set up a large garment store, Vishal Garments, at Kolkata’s Tiger Cinema, which was converted into a sprawling store.
Sach is life 14-NOV-09
Twenty years ago, at sixth place in the batting order, the 16-year-old Sachin Ramesh Tendulkar walked across the National Stadium in Karachi and straight into every Indian’s heart and history.
Get your own webpage 16-NOV-09
Cricket updates: check. News: check. Bookmarks: check. Notepad: check. Web chat: check. Horoscope: check. It may sound like a potpourri but is just a description of what goes into making a personalised homepage that is being promoted passionately by the who’s who of the web world — namely, Yahoo, Google, Rediff and MSN. These homepages, which can be defined as personal newspapers, give all the information in one single window. And even though most of these portals have been around for a while, it’s only of late that they have upped the ante on the personalisation front.
Large public sector banks may kick off mergers 14-NOV-09
Consolidation in the public sector banking space might begin with large banks in which the government holding is close to 51 per cent.
A V Rajwade: All that glitters is not gold 16-NOV-09
The older I’m growing, the more difficult it is becoming for me to understand the rationale for some of the central bank’s decisions. In recent weeks, I have been puzzled by the decision to buy 200 tonnes of gold from the IMF at a cost of $6.7 billion, as also by the proposal to introduce credit default swaps in the Indian market. The decision to buy gold was described as an “earthquake” in a recent Financial Times editorial (November 7).
When opportunities don't present themselves 15-NOV-09
How to read the signal that your mid-cap or arbirage fund is likely to stop fresh inflows.
UP sugar mills declare bonus for cane growers 15-NOV-09
Will help state government breathe easy.
Public sector banks roll out the red carpet for MBAs 16-NOV-09
When he took over as the chairman of Union Bank, M V Nair was one of the youngest entrants to the corner office of a public sector bank. So it’s natural that Nair didn’t think twice before rewriting the rules of the recruitment game for his bank.
Federal may give nod for Catholic Syrian merger in 3 months 17-NOV-09
Kerala-based private sector lender Federal Bank is likely to approve the merger of the state-based Catholic Syrian Bank (CSB) within the next three months as it has already completed the due diligence.
Doing the desi hic 14-NOV-09
It is a quirk of behaviour that, while we all know that wine goes best when consumed with food, experts would be horrified if one suggested having anything to eat when tasting wines. So, most wine tasting exercises are conducted with only crackers and water to refresh the palate.
Bangalore may face oversupply of luxury rooms 14-NOV-09
This is one luxury Bangalore can afford not to have. The city is set to add the highest number of “keys” in the upscale rooms category at a time when demand is not so certain.
Land trouble may trip N-power in Gujarat 14-NOV-09
Vashram Patel, a farmer in the Jasapara village in Gujarat, says it is better to “fight and die” on his land rather than move to another place.
Rice prices to rise despite drought 17-NOV-09
Rice prices have nowhere to go but up as drought in India and cyclones in the Philippines cripple harvests, according to the world’s biggest importer and the top exporter.
Mukesh Ambani dons milkman's hat with 'Dairy Pure' 16-NOV-09
Milk is industrialist Mukesh Ambani’s newest business muscle and his corporate dairy is looking for refrigerator space at mom and pop stores, in addition to vending from Reliance Retail stores.
UltraTech board okays merger 16-NOV-09
Samruddhi Cement, a wholly-owned subsidiary of Grasim Industries, is all set to merge with UltraTech Cement, Grasim’s other subsidiary, on July 1, 2010. The merger, to be completed by September, will result in the world’s 10th largest cement maker.
Auction those mines 17-NOV-09
Whether or not you believe the numbers put out by the Central Bureau of Investigation (CBI) on former Jharkhand Chief Minister Madhu Koda’s wealth, there is little doubt that the mining lobby has gained enormous financial clout and, through it, political power. If in doubt, look at recent events in Karnataka, where the mining lobby has humbled the sitting chief minister. It is obvious that the miners’ power flows from the enormous rents that they control once mining rights/licences are handed out to them. Since getting or not getting a lease is the difference between large sums of money and none, it is hardly surprising that these lobbies are liberal when it comes to handing out money to ensure that the present rules continue. That might explain why the government does not take the obvious step of auctioning mineral fields, in preference to the arbitrary selection process that exists today. An auction system will bring transparency into the system.
Steel firms under pressure as iron ore prices rise 17-NOV-09
Ore prices have increased 20 per cent in a month.
BCCI expands the field for IPL 2010, adds two teams 17-NOV-09
Bidders will be offered a choice of eight to 10 cities that can be made their home team venues and they will be allowed to bid for any number of cities. The highest two bids will be chosen and companies will use the name of that city as their home base and team brand.
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