Friday, November 26, 2010

Pranab plays down housing loan scam

Pranab plays down housing loan scam

Pranab plays down housing loan scam

Posted: 26 Nov 2010 04:25 PM PST

Finance minister Pranab Mukherjee on Friday sought to play down the magnitude of the kickbacks-forloan scandal involving senior executives of state-run financial institutions saying that so far, no instances of insider trading have been found.

Lending to real estate will continue, say bankers

Posted: 26 Nov 2010 04:37 PM PST

Underplaying the housing finance racket as an isolated case, bankers on Friday affirmed that they would continue lending to the realty sector, while Bank of India-one of whose general managers has been arrested--said its exposure to commercial ventures is Rs 3,800-crore .

M&M to acquire additional 5.5% in Tech Mah from BT

Posted: 26 Nov 2010 04:44 PM PST

Mahindra & Mahindra (M&M ) on Friday said that it would acquire an additional 5.5% in its group company Tech Mahindra from British telecom giant BT Group (BT).

First casualty: Claris IPO price band cut

Posted: 26 Nov 2010 04:42 PM PST

The current downturn in the stock market has claimed its first victim: the Claris Lifesciences IPO.

Sensex ends 182 points lower

Posted: 26 Nov 2010 04:13 AM PST

The 30-share Sensex on Friday slumped below the crucial 19,000-level in intra-day trading as the housing loan scam continued to hammer realty stocks, closing with a loss of about 182 points, although it regained the psychological mark.

Govt shouldn't misuse phone tapping: Tata

Posted: 26 Nov 2010 11:54 AM PST

Ratan Tata, chairman Tata group, said the government should "stop this sort of banana republic kind of attacks on whoever one chooses to attack on an unsubstantiated basis.''

'MBA/engineering combo left-brained and process-driven'

Posted: 26 Nov 2010 04:21 PM PST

Variety is the spice of life. Harsh Mariwala couldn't agree more. What keeps the 59-year old CMD of Marico-the maker of Parachute coconut oil and Saffola edible oil-engaged is variety and diversity, whether in his fitness regime or business.

IPO plans hit as realty, fin stocks tumble

Posted: 26 Nov 2010 12:08 PM PST

With real estate and financial services stocks battered on Dalal Street, several companies have been forced to review their capital-raising plans.

Silver plunges on heavy sell-off, gold edges up

Posted: 26 Nov 2010 06:32 AM PST

Silver prices plunged further at the bullion market here today due to heavy offloading by stockists and speculators tracking global weakness.

SC permits Vodafone bank wire transfer

Posted: 26 Nov 2010 12:43 AM PST

The apex court has postponed the date of hearing to July 19, 2011, from the previously scheduled hearing on February 5.

Sebi probing insider-trading in cos party to loan scam

Posted: 26 Nov 2010 05:36 AM PST

Market watchdog Sebi is probing possible front-running and insider trading in shares of over two dozen companies, including some blue chips, by entities and persons involved in the housing-finance scam.

ED to launch probe into housing scam

Posted: 26 Nov 2010 01:43 AM PST

The enforcement directorate will launch a probe into the housing loan scam unearthed by the CBI to check possible money laundering.

Rupee down by 19 paise against dollar

Posted: 25 Nov 2010 10:13 PM PST

The rupee failed to maintain yesterday's gain against the dollar and slipped 19 paise to 45.71 per dollar in the early trade, on month-end dollar demand from importers amidst sharp fall in equity markets.

Trai seeks SC directive on TDSAT power

Posted: 26 Nov 2010 04:47 PM PST

Telecom regulator Trai on Friday sought directions from the Supreme Court on whether sectoral tribunal TDSAT has powers to hear appeal against regulations framed by it.
Posted by Harshad at 9:03 PM

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)