Wednesday, December 29, 2010

SBI's lower rates loans to farm sector

SBI's lower rates loans to farm sector


SBI's lower rates loans to farm sector

Posted: 29 Dec 2010 05:17 PM PST

State Bank of India (SBI) has decided to offer a concessional rate of interest to those setting up highvalue dairy, poultry, horticulture projects and also for the construction of warehouses, rural godowns and cold storages.


Rel Power eyes coal mining with NTPC

Posted: 29 Dec 2010 05:16 PM PST

Jharkhand Integrated Power Ltd, a subsidiary of Anil Ambani's Reliance Power, has told the government it wants to join hands with state-run generation utility NTPC in mining coal from mines in Jharkhand that have been given to the entities to fuel their upcoming power projects.


Smartphones get guys hooked on to smut

Posted: 29 Dec 2010 05:03 PM PST

Keshav Sadashiv (name changed) bought a smartphone with an internet connection six months ago and it's got him addicted to pornography. So addicted is he that he's unable to sleep without peering into at least a few porn video clips every night. Sadashiv's spouse lying next to him is unaware of his porn escapades.

Oil PSUs face supply woes on Iran impasse

Posted: 29 Dec 2010 05:00 PM PST

State-run refineries could run low on their stock of crude next month as the RBI move to curb payment facilities with Iran has put a question mark over supply of some 10 million barrels of oil from the Persian Gulf nation contracted for January.


It's Japan vs Japan on Indian roads

Posted: 29 Dec 2010 04:59 PM PST

It's the second coming for the Japanese auto brigade in the Indian market. Japanese companies have been instrumental in the development and maturing of the Indian car and bike market. And


Sony sues to block LG from shipping phones to US

Posted: 29 Dec 2010 04:57 PM PST

Sony Corp has filed a patent infringement complaint seeking to block LG Electronics Inc from shipping smartphones such as its Rumor 2 model to the United States.


Banking system is safe: Pranab

Posted: 29 Dec 2010 01:21 PM PST

Finance minister Pranab Mukherjee has ruled out any systemic failure in the muti-crore fraud at Citibank and said that precautions are being taken to ensure that such cases are not repeated.


Auto industry recalled 20 million vehicles in 2010

Posted: 29 Dec 2010 11:53 AM PST

Automakers recalled about 20 million vehicles in 2010, led by high-profile recalls by Toyota that prompted new scrutiny of the auto industry's safety record.


Pranab Mukherjee to make big Budget change in direct tax laws

Posted: 29 Dec 2010 11:07 AM PST

Saddled with huge tax arrears of Rs 2,50,000 crore, finance minister Pranab Mukherjee is likely to introduce in the forthcoming Budget some major changes in direct tax laws that could help in swift recovery of a significant portion of the arrears.


US stocks gain on investor optimism, retailers

Posted: 29 Dec 2010 07:35 AM PST

U.S. stocks advanced on Wednesday as investors remained bullish about the prospects for equities in 2011, keeping a December rally intact.


Rupee gains five paise against dollar

Posted: 29 Dec 2010 06:01 AM PST

The rupee improved further by 5 paise against the US currency to close at 45.04/05 on sustained dollar selling by exporters and banks amidst bounce back in local equity markets.


Sensex on 6-week high, up 231pts

Posted: 29 Dec 2010 03:29 AM PST

The BSE benchmark Sensex today climbed to six-week high on re-emergence of heavy buying as investors covered long positions ahead of expiry in the derivatives segment and on firm Asian cues.


Court directs Wipro to deposit Rs 24cr in tax case

Posted: 29 Dec 2010 12:46 AM PST

The Karnataka High Court has directed IT bellwether Wipro Ltd to deposit Rs 24 crore (Rs 240 million) by Wednesday evening in a case of tax on re-export of software, a company official admitted.


Women own or co-own 40% of US firms

Posted: 28 Dec 2010 10:40 PM PST

Women entrepreneurs now own or co-own 40% of all businesses in the US and have created almost twice as many businesses as men between 2002 and 2007, say experts.


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