Pranab warns of asset price bubbles, volatile markets

Finance minister Pranab Mukherjee said the world economy is showing signs of recovery, but warned against formation of asset price bubbles and volatility in the currency market.

Advani to quit after new party president takes over, says RSS

Setting aside reports that Leader of Opposition LK Advani might exit from politics on his birthday on Sunday, RSS has said the senior BJP leader would step down only after overseeing the taking over of a new party president early next year.

38-member Cong-NCP ministry sworn in

The newly constituted Congress-NCP government will on a priority basis expedite the development of Mumbai as an international finance centre and also focus on the time bound.....

Rs 60-crore software park to come up in Puducherry

The Centre has assured to set up a software technology park at an investment of Rs 60 crore on the premises of a special economic zone here, minister of for state planning V Narayanasamy said here on Saturday.

Prosim in pact with Hitachi to serve casting inds

Bangalore-based Prosim, a high-end computer simulation technology company, has entered into a partnership with Tokyo-based Hitachi to provide advanced simulation solutions for the casting industry here.

Hindalco Q2 profit dips 52%

Hindalco Industries Ltd reported a 52.21% fall in its standalone net profit.

PTC India net profit dips 6%

Power trading firm PTC India on Saturday said its net profit declined 5.81% to Rs 30.81 crore for the second quarter ended September 30, 2009, over the same period last year.

IIT faculty to accept new pay scale

The stand-off between the IIT faculty and the government over the "anomalies" in pay structure finally ended on Saturday with the teachers' body deciding to accept the new package in the "interest" of the institutes, but maintained that concerns still remain.

Nagarjuna Fertilisers net down

Nagarjuna Fertilisers & Chemicals said its net profit declined marginally by 0.61% to Rs 8.10 crore for the second quarter ended September 30, 2009. Total income declined to Rs 533.73 crore against Rs 856.63 crore in the same period last fiscal.

UP govt gets Rs 546-crore loan from Nabard

The National Bank for Agriculture and Rural Development has sanctioned a loan of Rs 546.46 crore under the Rural Infrastructure Development Fund to the Uttar Pradesh government for construction and modernisation of 8,200 blast-wells covering eight districts.

‘Poor budgetary support cause for delay in reforms’

In a significant development to organise the current judicial system, the Union minister for law and justice Veerappa Moily on Saturday said the ministry is planning to introduce a fleet of reforms including a National Litigation Policy to unclog the high volume of pending cases in the courts.

India looks East to build Asian economic block

As the centre of gravity of the world economy shifts to the East, India on Saturday stepped up efforts to expand the range of its cooperation with the 10 Asean countries, China and Japan to realise its vision of an Asian economic community.

HDFC Ltd showcases affordable homes

An exclusive property exhibition showcasing affordable homes by 28 leading developers kicked off on Saturday in Noida.

Credit flow to MSMEs up 100% in 2 yrs: RBI

Contrary to the general opinion among micro, small and medium enterprises, Reserve Bank of India on Saturday said banks have been lending to the sector as shown by doubling of loans in the two years ended March 2009.

UCIL talks fail, unions refuse to call off strike

Workers of the Uranium Corporation of India Ltd refuse to budge from their stand even as the corporation's chairman-cum-managing director Ramendra Gupta on Saturday...

PM announces timeframe for infra project in Arunachal

Prime Minister Manmohan Singh on Saturday announced timeframe for infrastructural schemes under the massive Rs 24,000 crore package he had announced for the state last year.

Parsvnath raises Rs 168 cr via QIP

Realty major Parsvnath Developers on Saturday said it has raised Rs 168 crore by issuing shares to qualified institutional buyers.

Remax spreads wings in India

In a bid to cash in on the emerging favourable market conditions, Remax International, a global real estate brockerage network, has kickstarted its India operations.

IBM email challenges Google in the ‘cloud’

IBM on Monday will begin offering businesses a basic "cloud computing" email service at a price that undercuts a plusher offering by Internet giant Google.

Floods in Andhra Pradesh, 16 dead

The flood situation in Andhra Pradesh has remained grim. About 16 persons were killed and over 4.5 lakh evacuated after flood water inundated a large part of the state.

NMDC, Red Cross to set up medical institute

Reaching out to render medical assistance to the public at large, NMDC is joining hands with Indian Red Cross Society, Andhra Pradesh State Branch, in building a Red Cross-NMDC Centre for Indian Systems of Medicine.

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