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Saturday, Nov 21, 2009
 
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Despite advisory, banks park funds with MFs21-NOV-09
“Credit growth is still subdued while deposits are growing at a much faster pace.
Domestic fuel consumption jumps 12%21-NOV-09
India’s fuel consumption rose 12 per cent in October, the highest growth rate this financial year, on the back of a surge in demand for auto fuels — petrol and diesel.
Patni stake sale buzz gets stronger21-NOV-09
The buzz surrounding Patni Computer Services’ stake sale by its promoters and private equity (P/E) players is getting stronger.
V V: The Great Depression, 1929, and us21-NOV-09
Because of the close parallels between the current global financial crisis and the Great Depression, 1929, it is no wonder that there is no end to books on what we need to do now — or what it really meant then and who was responsible for the meltdown. Liaquat Ahamed, a professional investment manager for 25 years who has also worked for the World Bank and now an adviser to several hedge fund groups in the US, has come with his own diagnosis of what happened to the West after World War I, of bubbles followed by busts and a cascading series of events that led to the Great Depression, in Lords of Finance: The Bankers who Broke the World (William Heinemann, Special Indian price, Rs 1,185).
Bug bare!21-NOV-09
We encountered several bugs at Europe’s fanciest Rallye Historique and Concours d’Elegance.
Thinking out of the cage21-NOV-09
Admittedly, Nehru was there at the start of things, the end of an age, the awakening of a nation, that tryst with destiny. So he and others of his generation were better placed than we are to think laterally, to explore all of history for models towards which to incline the path of our future. He also spent years in prison, an enforced separation from the bustle and fire of the freedom movement which enabled him to look beyond the constrained present to the past and future, all in the service of his country. In other words, he used his time in prison to think big for India.
Capex spending slows in Q221-NOV-09
Rises only 2% from Q1, with cement, oil & gas, power, telecom all holding back.
Land acquisition in Gujarat less bloody21-NOV-09
Land disputes and displacement issues in Gujarat have been far less ‘bloody’ compared to states like Orissa and West Bengal. The credit for this, to an extent, goes to the long tradition of giving land at only market prices to industrial houses, with a similar compensation to land-losers, besides lesser interferences of the government in such matters.
The many-layered sandwich21-NOV-09
To make a bunny chow, you need a loaf of bread and a scoopful of vegetable, meat or bean curry,” Minal Hajratwala writes in Leaving India: My Family’s Journey From Five Villages to Five Continents. “Cut off the end of the bread and hollow it out, reserving the soft innards. Fill it with curry. Serve.
Adhunik Metaliks raises Rs 137 cr via QIB issue20-NOV-09
Steel products maker Adhunik Metaliks today said it will raise over Rs 137.13 crore by issuing around 1.39 crore shares to qualified institutional buyers (QIB).
Tata Steel completes $546-mn exchange offer for CARS20-NOV-09
Tata Steel has sold $546.9 million (around Rs 2,550 crore) of new 2014 convertible bonds to cut its funding cost for overseas acquisition.
PNB to raise Rs 700 cr via bonds issue20-NOV-09
Public sector lender Punjab National Bank (PNB) today said it will raise Rs 700 crore by issues of bonds.
Govt seizes 4.3 lakh quintals of sugar from hoarders20-NOV-09
The government today said it has seized 4.30 lakh quintals of sugar from hoarders in four states this year. In an attempt to curb the rise in prices, the government had imposed in March stock holding and turnover limits on all sugar dealers. It had also restrained bulk consumers from holding sugar stock beyond 15 days of their requirement.
Dell Q3 net dips 54% despite better India, China sales20-NOV-09
Dell Inc, world's third largest personal computer maker, has reported a massive 54 per cent decline in its profit during the third quarter ended October 30, despite seeing an upswing in sales from emerging markers like India and China.
Shree Renuka Sugars Q4 net surges threefold20-NOV-09
India's biggest sugar refiner, Shree Renuka Sugars has reported a standalone net profit of Rs 48.2 crore, an increase of 298 per cent during the quarter ended September 30, 2009 as against the net profit of Rs 12.1 crore posted in the same period a year ago.
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