Tuesday, July 27, 2010

Now, get ready to pay fatter EMIs

Now, get ready to pay fatter EMIs

Now, get ready to pay fatter EMIs

Posted: 27 Jul 2010 11:46 AM PDT

Equated Monthly Instalments (EMIs) are bound to go up soon. Though not sure how soon it will happen, senior bankers and financial experts say the RBI policy review on Tuesday clearly indicates that interest rates - both deposit and lending - are set to rise.

Ramalinga Raju set to retract his confession

Posted: 27 Jul 2010 11:48 AM PDT

L'affaire Satyam is poised to take a dramatic turn. In a clear indication that he is all set to retract his confession and deny all the charges, former Satyam chairman B Ramalinga Raju said on Tuesday that his letter of January 2009 was a mere resignation letter from the post of the company's chairman and claimed that he was being falsely implicated in the criminal case by the CBI.

Bill to replace Ulip ordinance tabled

Posted: 27 Jul 2010 11:25 AM PDT

In what could be seen as a snub to RBI, the UPA government on Tuesday introduced the Securities and Insurance Laws (Amendment and Validation) Bill 2010 that would replace the ordinance promulgated last month.

Apple losing its grip over iPhone programmes

Posted: 27 Jul 2010 12:09 PM PDT

Apple likes to maintain tight control over what programmes can appear on the iPhone - a task that just became a little bit harder.

BP posts $17.15bn loss on oil spill

Posted: 27 Jul 2010 03:03 AM PDT

Bogged down by soaring costs related to the Gulf of Mexico oil spill, BP Plc today posted a mammoth second-quarter loss of $17.15 billion and also announced the departure of embattled CEO Tony Hayward.

Sensex ends 57 points up on new RBI policy

Posted: 27 Jul 2010 03:59 AM PDT

The Bombay Stock Exchange benchmark Sensex on Tuesday rose by over 57 points on buying in interest rate sensitive auto, realty and banking stocks as RBI steps matched with the street expectations.

Chinese regulator pushes another bank for IPO

Posted: 27 Jul 2010 06:14 AM PDT

China's banking regulator has decided to edge another bank to opt for an initial public offer despite the uncertain market conditions.

Rise in fuel product prices minimal: Deora

Posted: 27 Jul 2010 12:28 AM PDT

Defending the increase in fuel product prices and their de-regulation, Government today said the rise in their cost was "minimal" and such a decision was needed to improve the financial health of oil marketing companies.

Foxconn shuts India plant

Posted: 26 Jul 2010 11:59 PM PDT

Taiwan's troubled IT giant Foxconn has suspended operations at a factory in India after 250 workers were hospitalised in an incident thought to be linked to spraying of pesticide.

RIL rises nearly 1% on hopes of good Q1 numbers

Posted: 26 Jul 2010 09:43 PM PDT

The country's largest company, Reliance Industries, rose nearly 1 per cent on the Bombay Stock Exchange in early trade on expectations of strong first quarter numbers to be announced later in the day.

Rupee gains 18 paise against dollar

Posted: 26 Jul 2010 09:40 PM PDT

The rupee gained 18 paise to 46.86 against the US dollar in early trade on the Interbank Foreign Exchange today amid a fall in the value of the American currency against its major rivals.

George Soros set to buy 4% stake in Bombay Stock Exchange: Report

Posted: 27 Jul 2010 05:50 PM PDT

Billionaire financier George Soros is in late stage talks to buy a 4 percent stake in the Bombay Stock Exchange (BSE) as foreign interest in India's financial markets grows, the Financial Times reported on Wednesday.

Apple losing its grip over iPhone programmes

Posted: 27 Jul 2010 12:09 PM PDT

Apple likes to maintain tight control over what programmes can appear on the iPhone - a task that just became a little bit harder.
Posted by Harshad at 9:16 PM

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