Oct 15, 2008

Credit card cos take cash crunch head-on





ET: Personal Finance: Credit Cards -
27 sec ago




Credit
card companies are charging higher interest rate and are even slashing
the credit limit of their customers.




Categories: Personal Finance



Annual inflation seen at 12.13 pct on Sept 20 (The Economic Times)





Inflation - October 2008




Annual
inflation rate is expected to hold steady above 12 per cent in third
week of September, with prices of manufactured products expected to
have risen, a poll showed on Wednesday.




Categories: Inflation, News



Insurance cover on MFs to continue: SEBI





Insurance -
Tue, 09/30/2008 - 20:20




Insurance
regulator IRDA on Tuesday said mutual funds would continue to sell
group insurance products even as the life insurance association decided
against it.




Categories: Insurance, News



Banks going slow on credit card hardsell





ET: Personal Finance: Credit Cards -
27 sec ago




Amid
fears of default rates going up in the wake of high inflation and
global slowdown, banks and card issuers in India are going slow in
issuing credit cards.




Categories: Personal Finance



Mutual Funds round up 10-15-2008


Canara Robeco MF declares dividend under FMP- Series 3

Mutual Funds: NDTV - 15 hours 41 min ago

Canara Robeco Mutual Fund has announced 20 October......

Categories: Capital Market, Mutual Funds, News

UTI MF declares dividend under Fixed Income Interval Fund

Mutual Funds: NDTV - 15 hours 41 min ago

UTI Mutual Fund has announced dividend under divid......

Categories: Capital Market, Mutual Funds, News

RBI extends 14-days repo facility to help out MFs

Mutual Funds: NDTV - 15 hours 41 min ago

RBI has extended special fixed rate 14-Day repo un......

Categories: Capital Market, Mutual Funds, News

ICICI Prudential MF declares dividend

Mutual Funds: NDTV - 15 hours 41 min ago

ICICI Prudential Mutual Fund has announced dividen......

Categories: Capital Market, Mutual Funds, News

HDFC MF declares dividend for its 181 days plan

Mutual Funds: NDTV - 15 hours 41 min ago

HDFC Mutual Fund has announced 20 October 2008 as ......

Categories: Capital Market, Mutual Funds, News

Franklin Templeton MF launches of Plan D under TFHF-XI

Mutual Funds: NDTV - 15 hours 41 min ago

Franklin Templeton Mutual Fund has announced the l......

Categories: Capital Market, Mutual Funds, News

Lotus India MF commences Quarterly Interval Fund - Plan J

Mutual Funds: NDTV - Tue, 10/14/2008 - 00:00

Lotus India Mutual Fund has launched Lotus India Q......

Categories: Capital Market, Mutual Funds, News

RBI announces 14-days repo facility to help mutual funds

Mutual Funds: NDTV - Tue, 10/14/2008 - 00:00

RBI has announced on 14 October 2008 that it will ......

Categories: Capital Market, Mutual Funds, News

IDFC MF launches FMP- Yearly Series -27

Mutual Funds: NDTV - Tue, 10/14/2008 - 00:00

IDFC mutual fund has launched IDFC Fixed Maturity ......

Categories: Capital Market, Mutual Funds, News

IDFC MF collects Rs.20 crore through 19 months plan

Mutual Funds: NDTV - Tue, 10/14/2008 - 00:00

IDFC Mutual Fund has collected Rs 20 crore through......

Categories: Capital Market, Mutual Funds, News

Birla Sun Life MF adds new dividend options

Mutual Funds: NDTV - Tue, 10/14/2008 - 00:00

Birla Sun Life mutual fund has approved the introd......

Categories: Capital Market, Mutual Funds, News

RBI relaxes restrictions on lending and buy back through CDs

Mutual Funds: NDTV - Tue, 10/14/2008 - 00:00

The Reserve Bank of India (RBI) on 14 October 2008......

Categories: Capital Market, Mutual Funds, News

Lotus India Active Nifty Fifty Fund waits for Sebi approval

Mutual Funds: NDTV - Tue, 10/14/2008 - 00:00

Lotus India Mutual Fund has filed offer document w......

Categories: Capital Market, Mutual Funds, News

Mutual funds step up buying of equities

Mutual Funds: NDTV - Tue, 10/14/2008 - 00:00

Mutual funds (MFs) purchased shares worth a net......

Categories: Capital Market, Mutual Funds, News

ICICI Prudential Balanced Fund declares Re 0.84 per unit dividend

Mutual Funds: NDTV - Tue, 10/14/2008 - 00:00

The ICICI Prudential mutual fund has informed to a......

Categories: Capital Market, Mutual Funds, News

Mutual funds in buying mode

Mutual Funds: NDTV - Mon, 10/13/2008 - 00:00

Mutual funds (MFs) purchased shares worth a net......

Categories: Capital Market, Mutual Funds, News

JM Financial MF unveils FMF- Series XIII - Quarterly Plan 2

Mutual Funds: NDTV - Mon, 10/13/2008 - 00:00

JM Financial Mutual Fund has launched JM Fixed Mat......

Categories: Capital Market, Mutual Funds, News

Principle Pnb MF FMP- 30 Days declares dividend

Mutual Funds: NDTV - Mon, 10/13/2008 - 00:00

The Principle Pnb Mutual Fund has announced divide......

Categories: Capital Market, Mutual Funds, News

Reliance MF declares dividend for Fixed Horizon Fund

Mutual Funds: NDTV - Sat, 10/11/2008 - 00:00

Reliance Mutual Fund has announced 16 October 2008......

Categories: Capital Market, Mutual Funds, News

Taurus MF commences 370 days FMP

Mutual Funds: NDTV - Sat, 10/11/2008 - 00:00

Taurus Mutual Fund has unveiled Taurus Fixed Matur......

Categories: Capital Market, Mutual Funds, News

Markets turn cautious, Sensex sheds 398.18 pts





Business News - HT -
10 min 55 sec ago




The
stock markets turned cautious after a smart recovery in the last two
days with the benchmark Sensex plunging by 398.18 points.




Categories: Business, News



India's domination of BPO sector continues





Business News - HT -
0 sec ago




India's
domination in thenbsp;BPO sector continues with six of its cities
featuring among the top eight emerging global outsourcing cities.
India's representation in the top 50 Emerging Global Outsourcing cities
has grown to four, from last year's three.




Categories: Business, News



'Alliance needed to avoid bankruptcy'





Business News - HT -
0 sec ago




The
alliance between Jet Airways and Kingfisher Airlines were needed to
avoid bankruptcy and ensure profitability, say chiefs of the two
airlines at the end of a CEO's conclave at the India Aviation 2008 air
show.




Categories: Business, News



IOC offers to meet fuel demand of SAARC region





Business News - HT -
0 sec ago




SAARC nations are projected to have a fuel deficit of 17.05 million tons by 2015 and 20.85 million tons by the year 2020.




Categories: Business, News



Govt offers help to airlines: Praful Patel





Business News - HT -
0 sec ago




The
Govt can help cash- starved airlines by cutting taxes on fuel or
reducing charges for landing, but would wait for an official panel to
make its recommendations, says the aviation minister.




Categories: Business, News



Oil prices rally after govts launch financial rescues





ET: Economy News -
8 min 12 sec ago




Oil
prices rallied Monday, lifted by a burst of optimism after world
leaders formed a united front to tackle the global financial crisis.




Categories: Business, Capital Market, Commodities Market, Economy, Investor's News, Market News, News



Oil hovers at $83, extends gains on bank rescue





ET: Economy News -
8 min 12 sec ago




Oil
rose more than $2 on Tuesday amid a broad-based commodities rally,
extending a 4 per cent gain from the previous session as government
moves to rescue banks raised hopes for an economic recovery.




Categories: Business, Capital Market, Commodities Market, Economy, Investor's News, Market News, News



ADB gives $71 mn supplementary loan to India water project





ET: Economy News -
8 min 12 sec ago




The
Asian Development Bank (ADB) has approved an extra 71 million dollars
for an urban water project in India to cover costs after became held
up, the Manila-based lender said.




Categories: Business, Capital Market, Commodities Market, Economy, Investor's News, Market News, News



Kamal Nath meets Brazilian Foreign Minister to discusses Doha round negotiations





ET: Economy News -
8 min 12 sec ago




Union
Minister of Commerce and Industry Kamal Nath met Celso Amorim, Minister
of External Relations of Brazil last evening to exchange views on the
present situation of the Doha Round negotiations.




Categories: Business, Capital Market, Commodities Market, Economy, Investor's News, Market News, News



India exceeds export target for 2007-08, touches USD 163 bn





ET: Economy News -
8 min 12 sec ago




India
exceeded the export target for 2007-08 by 3 billion dollars achieving
an overall growth rate of about 29 per cent, appreciation of rupee
notwithstanding.




Categories: Business, Capital Market, Commodities Market, Economy, Investor's News, Market News, News



Citi cuts India's GDP forecast to 7.2 pc in 2008





ET: Economy News -
8 min 12 sec ago




Global
financial services firm Citigroup has lowered India's GDP forecast for
this calender year to 7.2 per cent from its earlier estimate of 7.5 per
cent but asserted that growth in Asian region will not collapse under
the pressure of global financial turmoil.




Categories: Business, Capital Market, Commodities Market, Economy, Investor's News, Market News, News



Euro, pound hit as bank bailouts fuel concerns





ET: Money Markets -
26 min 24 sec ago




The
euro and sterling retreated on Monday on growing concerns about the
financial system while the dollar received a boost on relief US
lawmakers were set to vote on a $700 billion bailout fund.




Categories: Business, Investor's News, Market News, Money Markets



Cash rates jump as debt sales drain funds





ET: Money Markets -
26 min 24 sec ago




Indian
overnight cash rates rose on Monday, approaching highs seen earlier
this month, as debt sales by the government drained liquidity from
banks.




Categories: Business, Investor's News, Market News, Money Markets



Pawar rejects call for duty-free imports of raw sugar





ET: Money Markets -
26 min 24 sec ago




Sharad Pawar on Monday rejected demands from millers to allow duty-free imports of raw sugar against an obligation to export.




Categories: Business, Investor's News, Market News, Money Markets



Dollar o/n rates jump in Asia on bailout rejection





ET: Money Markets -
26 min 24 sec ago




The
cost of short-term US dollar funding in Asia jumped on Tuesday after US
lawmakers unexpectedly rejected a $700 billion vote to bail out the
financial sector.




Categories: Business, Investor's News, Market News, Money Markets



Money markets near paralysed, no relief seen





ET: Money Markets -
26 min 24 sec ago




pIndia
felt the spread of global credit crisis as its rupee overnight cash
rates jumped above 17 pc.




Categories: Business, Investor's News, Market News, Money Markets



Cash rates end flat, fund shortage continues





ET: Money Markets -
26 min 24 sec ago




Overnight
cash rates ended steady as demand for funds persisted after outflows
towards last week's debt auctions squeezed liquidity from the system.




Categories: Business, Investor's News, Market News, Money Markets



Money taps open, but fear’s in the air





ET: Money Markets -
26 min 24 sec ago




Financial
regulators took concerted action to ease the unprecedented liquidity
crunch faced by banks and also to boost capital inflows.




Categories: Business, Investor's News, Market News, Money Markets



Call rate drops further to 10.75%





ET: Money Markets -
26 min 24 sec ago




Call
rate dropped further to end at 10.75 per cent at the Overnight call
money market here on Tuesday on lack of demand from borrowing banks.




Categories: Business, Investor's News, Market News, Money Markets



Cash rates at 18.5 pc on funds squeeze





ET: Money Markets -
26 min 24 sec ago




Indian
overnight cash rates jumped to 18.50 per cent on Friday as banks
scrambled to meet reserve requirements for the fortnight amid tight
cash conditions in the domestic money market.




Categories: Business, Investor's News, Market News, Money Markets



RBI joins fight against credit crisis





ET: Money Markets -
26 min 24 sec ago




The liquidity in the money market is expected to ease and inter-bank rates should return to single digits next week.




Categories: Business, Investor's News, Market News, Money Markets



RBI may have to offer dollar lifeline to banks’ foreign offices





ET: Money Markets -
26 min 24 sec ago




The
Reserve Bank of India (RBI) may come under pressure to throw dollar
lifelines to Indian banks’ overseas branches which are bleeding, with
money markets freezing across countries.




Categories: Business, Investor's News, Market News, Money Markets



Banks turn cautious on corp lending





ET: Money Markets -
26 min 24 sec ago




Faced
with limited options, banks refuse to lend even to blue chips and MFs.
They have also stopped lending to their foreign peers.




Categories: Business, Investor's News, Market News, Money Markets



Wrong rupee calls see cos sitting on huge pile of MTM losses





ET: Money Markets -
26 min 24 sec ago




Many
corporates, which had rushed to take dollar loans during the past few
years, are sitting on huge mark-to-market (MTM) losses because of sharp
currency movements.




Categories: Business, Investor's News, Market News, Money Markets



Call rate drops sharply, Bond rates mixed





ET: Money Markets -
26 min 24 sec ago




Call
rate dropped sharply to end at 10 pc at the Overnight call money market
here today on lack of enquiries from borrowing banks.




Categories: Business, Investor's News, Market News, Money Markets



RBI to conduct 14-day repo auction





ET: Money Markets -
26 min 24 sec ago




RBI
said it would conduct a special 14-day repo auction, at which it
infuses liquidity into the banking system, for 200 billion rupees ($4.2
billion) on Tuesday.




Categories: Business, Investor's News, Market News, Money Markets



Asian stocks lose momentum - Times Now




Asian stocks lose momentum - Times Now

Asian stocks today discontinued their two-day gaining
stint with key indices in the region dropping between two to four per
cent, amid fears of prolonged slowdown in global markets. brbrThe Asian
bourses followed cues from the American markets, which failed to hold
on to their initial gains and closed in the red.nbsp; brbrHong Kong's
benchmark Hang Seng Index was trading down 2.29 per cent at 16,447.62
points in the last afternoon trade, while Korean Kospi Index dropped
two per cent to 1,340.28 points.brbrIndia's benchmark index Sensex
plunged over four per cent amid heavy profit-booking and was trading
below the 11,000 level in the afternoon trade. brbrBesides, Singapore's
Strait Times was trading down 2.14 per cent at 2,082.71 points and
China's Shanghai SE Composite index was trading 1.30 per cent in the
red at 1,991.18 points. brbrHowever, Japan's Nikkei 225 was trading in
the positive territory amid Japanese Government announcing that it
would provide monetary support to the IMF to tackle the global
financial crisis.brbrNikkei 225 was trading up 1.06 per cent at
9,547.47 points in the afternoon trade after falling to an intra-day
low of 9,269.49 points. brbrUS bellwether index Dow Jones Industrial
Average had yesterday closed down 0.82 per cent, while Nasdaq composite
had settled down 3.54 per cent.


Categories: Business, Capital Market, Corporate News, Economy, India, Industry, Inflation, International Business, International News, USA

Asian stocks lose momentum - Times Now



Jet cuts 1,000 jobs, KF rethinks orders




Source Link

Riding the strength of its alliance with Kingfisher
Airlines, another private carrier Jet Airways has laid off up to 1,000
employees to rationalise its operations, while Kingfisher is rethinking
over the order placed for the new aircrafts.brbrThe entire force of
unconfirmed staff is being laid off on a 30-day compensation package, a
top Jet Airways official, who did not want to be named, told news
agencies.brbrThe staff, which has been retrenched is from all across
the operation and letters severing their services, were given
yesterday, he said.brbrHowever,


Categories: Business, Capital Market, Corporate News, Economy, India, Industry, Inflation, International Business, International News, USA



Prophets Of $200-oil thought short-term trends were here to stay





ET: Economy News -
26 min 38 sec ago




As
oil prices zoomed toward an unheard of $147 a barrel this summer, it
seemed every analyst prediction that oil would approach $200 was a
self-fulfilling prophecy, until suddenly it was not.




Categories: Business, Capital Market, Commodities Market, Economy, Investor's News, Market News, News



Oil falls toward $78 on recession, demand concerns





ET: Economy News -
26 min 38 sec ago




Oil
fell on Wednesday but held above $78, as traders' fears of a global
recession just about outweighed optimism for an economic recovery
spurred by bank rescue schemes.




Categories: Business, Capital Market, Commodities Market, Economy, Investor's News, Market News, News



Rice market tight next year despite big harvest: IRRI







ET: Economy News -
26 min 38 sec ago




World
rice markets are likely to remain tight next year despite an expected
record harvest after key producers clamped down on exports, the IRRI
said.




Categories: Business, Capital Market, Commodities Market, Economy, Investor's News, Market News, News



Govt, RBI agree on more policy steps: P Chidambaram





ET: Economy News -
26 min 38 sec ago




Finance
Minister Palaniappan Chidambaram said that interbank lending still
remained constrained and that the government and the central bank have
agreed on measures to address the problem.




Categories: Business, Capital Market, Commodities Market, Economy, Investor's News, Market News, News



More measures to infuse liquidity on anvil: FM





ET: Economy News -
26 min 38 sec ago




The
Reserve Bank and government on Wednesday agreed to take fresh measures
immediately to infuse liquidity into the system.




Categories: Business, Capital Market, Commodities Market, Economy, Investor's News, Market News, News



Police organisations, paramilitary forces throw in towel in Pay Commission bout





ET: Economy News -
26 min 38 sec ago




After
armed forces, it is now turn of CPOs amp; CPMFs to raise a pitch for
"parity" in pay scales with their military counterparts.




Categories: Business, Capital Market, Commodities Market, Economy, Investor's News, Market News, News



India hunting for 6 next-gen submarines





ET: Economy News -
26 min 38 sec ago




India's
hunt for six new-generation submarines in a mammoth project worth well
over Rs 30,000 crore is now well underway.




Categories: Business, Capital Market, Commodities Market, Economy, Investor's News, Market News, News



India seeks reforms in UN, G-8





ET: Economy News -
26 min 38 sec ago




PM
Manmohan Singh raised the pitch for reforms in the UN, G-8 and other
international institutions of governance.




Categories: Business, Capital Market, Commodities Market, Economy, Investor's News, Market News, News



TDS on 40% of arrears this fiscal





Tax Center -
25 min 8 sec ago




Income-tax
at source would be deducted only on 40% of salary arrears to central
government employees this fiscal on implementation of Sixth Pay panel




Categories: Capital Market, Personal Finance, Tax Center



Govt plans to link tax with inflation rate





Tax Center -
25 min 8 sec ago




The
government is considering a proposal to link taxable income with
inflation rate.




Categories: Capital Market, Personal Finance, Tax Center



Don't wait till March to plan your tax investments





Tax Center -
25 min 8 sec ago




It's
been six months since this financial year started. Initiate tax
planning now. a




Categories: Capital Market, Personal Finance, Tax Center



Growth in direct taxes falls to 25.5% in Sept





Tax Center -
25 min 8 sec ago




Direct
tax collections, which had remained buoyant till now, appear to be
showing some early signs of slowdown.img
src="http://feeds.feedburner.com/~r/is-FinancialMonetaryPolicy/~4/413256647"
height="1" width="1"/




Categories: Capital Market, Personal Finance, Tax Center



Income Tax grievances to be registered online





Tax Center -
25 min 8 sec ago




Tax
payers will now be able to lodge their grievances with the taxman at
the click of a mouse, with the launch of an online complaint redressal
mechanism on the lines of the existing e-filing facility of tax
returns.img
src="http://feeds.feedburner.com/~r/is-FinancialMonetaryPolicy/~4/413504175"
height="1" width="1"/




Categories: Capital Market, Personal Finance, Tax Center



ITAT clears the air over transfer pricing





Tax Center -
25 min 8 sec ago




The
method adopted by a company to arrive at a transfer price is valid
unless the tax officer can prove that the company had manipulated the
price to shift profits outside India.img
src="http://feeds.feedburner.com/~r/is-FinancialMonetaryPolicy/~4/415128885"
height="1" width="1"/




Categories: Capital Market, Personal Finance, Tax Center



Aishwarya Rai's 1996-97 IT assessment comes under HC scanner





Tax Center -
25 min 8 sec ago




The
Bombay High Court has admitted an appeal filed by the Income Tax
authorities, challenging relief granted to Bollywood star Aishwarya Rai
Bachchan by Income Tax Appellate Tribunal (ITAT).img
src="http://feeds.feedburner.com/~r/is-FinancialMonetaryPolicy/~4/420513495"
height="1" width="1"/




Categories: Capital Market, Personal Finance, Tax Center



Indian banking sector faces growth risks from domestic, not global factors: Crisil





ET: Economy News -
26 min 38 sec ago




Contrary
to the stance taken by authorities, ratings major Crisil has said
domestic, not global factors are responsible for the current challenges
facing the banking sector.




Categories: Business, Capital Market, Commodities Market, Economy, Investor's News, Market News, News