Auction for Rs 4,000-cr 10.47% 2015 stock likely to sail through
THE auction of 10.47 per cent 2015 dated-stock on Thursday for Rs 4,000 crore is seen sailing through without any hiccups at a cut-off yield ranging around 10.25 per cent.

Fed cuts rates by half point; dismisses risk of inflation
THE Federal Reserve approved its fifth big interest-rate cut in as many months and did nothing to signal that it is ending its dramatic campaign to jump-start the stalled economy.

Companies put bond issues on hold
BHARAT Petroleum Corporation Ltd (BPCL), Gujarat State Road Transport (GSRT) and Dewan Housing Finance are among the scores of corporates who have lined up bond issues, but are holding on in anticipation of a bank rate cut.

Federal Bank clocks Rs 61-cr net
THE Aluva-based private sector bank Federal Bank posted a record net profit of Rs 61.04 crore during the last fiscal, compared to the previous year’s net of Rs 43.39 crore. There was a 38 per cent jump in the gross profit up by Rs 51.55 crore to Rs 187.04 crore.

State defers move to waive 5.4% ST to DPC
THE Maharashtra government has deferred a decision to waive 5.4 per cent sales tax on the procurement of naphtha by the Dabhol Power Company (DPC) from the state-run Indian Oil Corporation in view of internal bickering among the constituents of the Democratic Front (DF).

Framework to restrict agro imports to be ready by July
JPC not empowered to investigate role of MFs, UTI in scam
Reliance Group is top wealth creator with Rs 67,300 cr M-Cap
PFC may get $75-m Canadian assistance
Trai asks BSNL, MTNL to file submissions on STD tariff issue
Imports, customs revenue down post-QR removal
GTB denies role in stock price manipulation
MBT net profit up 53 per cent at Rs 96.66 crore
Handling of Enron issue is politically-motivated: Rane
Govt, IOC resolve ST issue; Paradip Refinery gets a new lease of life
Recession plagues construction industry
IA asked to consider leasing 50-seater turboprop aircraft
Cut in soda ash duty to hurt domestic interests
Consumer price index rises by 4.7 per cent
Scope for better trade ties with Bangladesh