| Hershey trust pushes $17-bn offer for Cadbury | 22-NOV-09 |
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| Hershey Co’s controlling trust wants the candy company to make a $17 billion bid for British confectioner Cadbury Plc, the Wall Street Journal reported, citing unidentified people familiar with the matter. |
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| Indian appointed to key IMF post | 22-NOV-09 |
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| With an experience in managing complex work programmes, Indian economist Siddharth Tiwari has been named as secretary of the International Monetary Fund (IMF) by its Managing Director Dominique Strauss-Kahn. |
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| IOC fire burns Rs 100-cr hole in GIC's pocket | 22-NOV-09 |
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| General Insurance Corporation (GIC), India’s national re-insurer, is expected to take a Rs 100-crore hit in claims for the fire that broke out at the Indian Oil Corporation (IOC) complex near Jaipur last month. |
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| Gap-down opening for Nifty seen | 22-NOV-09 |
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| The Nifty on Friday closed above the resistance level of 5,060 to keep the current bull run moving. The index, however, is expected to face resistance above the 5,100 level next week. The SGX Nifty futures was down by over 50 points over the official close of 5,077 in the over-the-counter (OTC) session on Friday. The US and European markets closed more or less in a Doji pattern, indicating indecisiveness among participants. If this weakness continues, then we may see a gap-down opening on Monday. |
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| The elite club | 22-NOV-09 |
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| Polo has never had a shortage of luxury names backing it, And the trend continues. |
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| Koda scam forces banks to tighten cash norms | 22-NOV-09 |
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| The recent case of Union Bank of India getting caught in the crossfire in Madhu Koda dealings has put banks on high alert and most were looking to tighten their scrutiny of transactions, especially those involving large cash movement, senior bank officials said. |
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| Markets await a clear direction | 22-NOV-09 |
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| A late charge by bulls helped key indices surpass crucial resistance levels. However, select momentum indicators are currently in a sell mode even while the trend is up. It seems that markets will remain directionless until a clear breakout in either direction appears. |
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| Banking regulation prime concern: Fed | 22-NOV-09 |
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| Federal Reserve officials are stepping up scrutiny of the biggest US banks to ensure the lenders can withstand a reversal of soaring global-asset prices, according to people with knowledge of the matter. |
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| WKLY TECH ANALYSIS: Markets await a clear direction | 22-NOV-09 |
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| A late charge by bulls helped key indices surpass crucial resistance levels. However, select momentum indicators are currently in a sell mode even while the trend is up. It seems that markets will remain directionless until a clear breakout in either direction appears. |
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