Friday, February 25, 2011

Last year's hype in education reform missing

Last year's hype in education reform missing

Last year's hype in education reform missing

Posted: 25 Feb 2011 07:10 PM PST

Last year's Economic Survey was all about major achievements - exam reforms, clearing the mess in regulatory bodies, among others. This year, it's all about aspirations, promises and missed opportunities.

Last year's hype in edu reform missing

Posted: 25 Feb 2011 07:10 PM PST

Last year's Economic Survey was all about major achievements - exam reforms, clearing the mess in regulatory bodies, among others. This year, it's all about aspirations, promises and missed opportunities.

SBI has last laugh, 'teaser' loans get nod

Posted: 25 Feb 2011 07:06 PM PST

If there's one person who would be pleased with the Economic Survey, it would be State Bank of India chairman O P Bhatt. The government has after all sided with him in the public sector banker's battle with the regulator over "teaser rates".

Shadow of inflation looms large

Posted: 25 Feb 2011 07:04 PM PST

If you were waiting for good news on the price front, there's none. The Economic Survey for 2010-11 has identified inflation as a dominant concern in months ahead and suggested persisting with high interest rates given robust growth and price trends.

Will infra bonds get tax benefit of up to 1 lakh?

Posted: 25 Feb 2011 06:57 PM PST

The government is expected to come up with measures to promote alternative sources of infrastructure funding in the Union Budget since an increased dependence on banks has resulted in the banking industry being overexposed to the core sector.

High oil prices to derail 9% growth

Posted: 25 Feb 2011 06:55 PM PST

The government on Friday expressed concern at the surging international price of crude oil and said if it continued to rise and go beyond $160 a barrel, it will be impossible to achieve 9% GDP growth.

Eco Survey for opening up retail

Posted: 25 Feb 2011 06:53 PM PST

With the Economic Survey pitching for foreign direct investment (FDI) in retail, the government could be prompted to take steps to open up the sector in a phased manner.

Anil Agarwal sure of $9.6 Cairn deal nod

Posted: 25 Feb 2011 06:47 PM PST

Vedanta Resources chairman Anil Agarwal has expressed confidence that the government would clear his $9.6-billion acquisition of Scottish explorer Cairn Energy Plc's Indian arm.

Sebi bars 6 entities from market, slaps Rs 36 crore penalty

Posted: 25 Feb 2011 08:30 AM PST

Sectoral regulator Sebi on Friday barred six market intermediaries from trading in securities for allegedly carrying out manipulations in various IPO issues and also slapped a penalty of Rs 36.09 crore.

I-T slaps Rs 450 crore demand on Infosys

Posted: 25 Feb 2011 06:08 AM PST

The income tax department has slapped a tax demand of over Rs 450 crore on software giant Infosys Technologies for wrongfully claiming tax exemption on onshore services by declaring them as software exports, Parliament was informed on Friday.

Rupee recovers 16 paise against US dollar

Posted: 25 Feb 2011 06:01 AM PST

The rupee on Friday recovered by 16 paise to end at 45.32/33 against the US currency on sale of dollars by exporters amid marginal recovery in local equities despite capital outflows and a firm greenback overseas.

UK migrants cap hits hiring of Indian workers: Study

Posted: 25 Feb 2011 02:38 AM PST

The annual limit on hiring skilled workers from India and other non-European Union nations is already hampering the ability of British employers to fill key positions, according to a new industry study.

Any aggressive move to reduce deficit will hit growth: Ficci

Posted: 25 Feb 2011 12:45 AM PST

With the fiscal deficit for the current fiscal projected to fall to 4.8 per cent, industry body Ficci on Friday warned the government that any "aggressive" move to reduce fiscal deficit would impact growth and employment generation.

SAIL to expand dealer network in rural India

Posted: 25 Feb 2011 12:26 AM PST

The Steel Authority of India Limited is now giving special emphasis on expanding its scope of business in rural India, company sources said on Friday.

Sensex up by 68 points

Posted: 25 Feb 2011 12:23 AM PST

In a highly volatile trade, sensex today gained over 68 points to close at 17,700.91 on fresh buying in blue-chips at lower levels amid the Economic Survey projecting strong economic growth.

Sensex rallies 180pts in afternoon trade

Posted: 25 Feb 2011 12:23 AM PST

The Sensex climbed over 180 points in the afternoon trade on smart bout of buying in financial stocks, as investors appeared largely positive after the release of the Economic Survey and Rail Budget 2011.

Rupee gains 16 paise against dollar

Posted: 24 Feb 2011 10:06 PM PST

The rupee was up by 16 paise to 45.32 against the US dollar in early trade today on fresh dollar-selling by exporters and corporates amid firm local equity markets and dollar weakness overseas.

MphasiS nosedives by 27%

Posted: 24 Feb 2011 08:59 PM PST

Shares of IT and BPO company MphasiS plummeted by nearly 27 per cent in early trade on the BSE today, hit by a sharp dip in net profit for the quarter ended January 31, 2011.
Posted by Harshad at 9:06 PM

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