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Lending rates not to move up till May-June: SBI!State Bank Chairman OP Bhatt on Saturday said lending rates in the banking system are unlikely to rise at least in the next 3-4 months as hiking rates in a low-demand scenario could hurt banks` margins.Source: Zee News : Business | 21 Feb 2010 | 5:06 am LG to bring touchscreen phone price level down to Rs 5 000With arch rival Samsung betting big on touchscreen phones, Korean major LG Electronics (LGEIL) is targeting 20 per cent sales in 2010 to come from these as it plans to enter mass segment pricing these sets at Rs 5,000.Source: HindustanTimes.com - Top Business News Headlines | 21 Feb 2010 | 3:03 am Ocean Blue in talks with 20 PE firms to raise long-term fundsThe funds raised will be utilised to fuel its ongoing joint venture operations in India, which include a JV with Mahindra and Mahindra group to build high-potential fibreglass powerboats, CEO, Malav Shroff, said.Source: Daily News & Analysis: Money News | 21 Feb 2010 | 2:56 am Food Processing Ministry seeks Rs 1 000 cr budgetary supportThe Food Processing Ministry has sought budgetary support of Rs 1,000 crore next fiscal to help promote various schemes aimed at attracting private participation in the development of the sector.Source: HindustanTimes.com - Top Business News Headlines | 21 Feb 2010 | 2:17 am NACIL in talks for IT platform to integrate flight codes - Economic Times
Source: Business - Google News | 21 Feb 2010 | 2:12 am Partial stimulus rollback likely in BudgetFinance Minister Pranab Mukherjee will present Budget on Friday, amid speculation that excise duty may be raised as part of a partial rollback of the stimulus measures.Source: HindustanTimes.com - Top Business News Headlines | 21 Feb 2010 | 1:57 am Zain, Bharti to sign letter of intent soonBharti is in exclusive talks until March 25 to buy Zain's African business, excluding Morocco and Sudan.Source: Daily News & Analysis: Money News | 21 Feb 2010 | 1:53 am Arun Sarin honoured with British awardNew Delhi: Arun Sarin, the former CEO of Vodafone has been honoured by the Queen with the British award for his services to communications industry. Other prominent winners for the 2010 British awards are Prof Dr Jürgen Karl Erich Schlaeger (for services to Anglo-German relations), Sister Mary Aengus Fitzpatrick (for services to the performing arts in Northern Ireland), Mrs Vera Heller de Bergengruen (for services to UK-Uruguay cultural relations), Dr Kranti Rajesh Hiremath (for services to the Police Service in Scotland), Mrs Margaret Mary McGovern (for services to Jersey Hospice Care), Mr John Simon Pinto (for services to Consular Section, British Deputy High Commission, Mumbai), Mr (Franz Konrad) Dieter Rollecke (for service to the British military community in Germany). The British honours system rewards individuals’ personal bravery, achievement, or service to the United Kingdom. More details are awaited. Source: World Business - Livemint.com | 21 Feb 2010 | 1:05 am Arun Sarin honoured with British awardNew Delhi: Arun Sarin, the former CEO of Vodafone has been honoured by the Queen with the British award for his services to communications industry. Other prominent winners for the 2010 British awards are Prof Dr Jürgen Karl Erich Schlaeger (for services to Anglo-German relations), Sister Mary Aengus Fitzpatrick (for services to the performing arts in Northern Ireland), Mrs Vera Heller de Bergengruen (for services to UK-Uruguay cultural relations), Dr Kranti Rajesh Hiremath (for services to the Police Service in Scotland), Mrs Margaret Mary McGovern (for services to Jersey Hospice Care), Mr John Simon Pinto (for services to Consular Section, British Deputy High Commission, Mumbai), Mr (Franz Konrad) Dieter Rollecke (for service to the British military community in Germany). The British honours system rewards individuals’ personal bravery, achievement, or service to the United Kingdom. More details are awaited. Source: LatestNews-Home - Livemint.com | 21 Feb 2010 | 1:05 am Partial stimulus rollback likely in BudgetNew Delhi: Finance minister Pranab Mukherjee will present Budget 2010 on Friday, amid speculation that excise duty may be raised as part of a partial rollback of the stimulus measures. However, direct tax rates are not likely to be tweaked for the time being as the finance ministry is unlikely to initiate reforms on the direct taxes code now, which is still being debated at various government levels, people familiar with the development said. Also Read Mint’s coverage on Budget 2010 The direct taxes code, which will replace the archaic Income Tax Act, is unlikely to come in the budget session, that begins from Monday, the sources said. The Prime Minister’s Economic Advisory Council had also pitched for raising of excise duty to the level of service tax and broadening the service tax net. Currently excise duty stands at 8% and service tax at 10%. After the Central Statistical Organisation estimated economic growth at 7.2% for this fiscal against 6.7 per cent a year ago, Planning Commission deputy chairman Montek Sigh Ahluwalia had also said,“We should say stimulus has succeeded and we should begin to phase it now.” Commerce and industry minister Anand Sharma had also said those export sectors which moved into a very robust growth level could stand to see stimulus withdrawn. However, leading industry chambers Ficci, CII, and PHDCCI are strongly opposed to any withdrawal of the stimulus measures as they say economic revival is not broad-based yet. Source: Home - Livemint.com | 21 Feb 2010 | 1:02 am Citi plans major capital infusion in India by Mar OfficialWith a view to strengthen its foothold in the domestic market, the American banking major Citigroup is planning to infuse a "substantial amount" of capital into its Indian banking operations by next month, a top bank official said.Source: HindustanTimes.com - Top Business News Headlines | 21 Feb 2010 | 12:57 am Apple removing risque iPhone applications reportsApple has begun removing risque iPhone and iPod Touch applications from its online App Store, including some which had previously been approved for sale, according to reports on Saturday.Source: HindustanTimes.com - Top Business News Headlines | 21 Feb 2010 | 12:54 am Zain, Bharti to sign letter of intent soon - reportKUWAIT (Reuters) - Kuwaiti telecoms firm Zain and India's Bharti Airtel are expected to sign a letter of intent for the $9 billion African assets deal this week, a Kuwaiti newspaper reported on Sunday.Source: Reuters: Money News | 21 Feb 2010 | 12:29 am Oracle CEO optimistic on quick Sun profit potentialOracle executives have previously declined to say how long it would take for Sun to start turning a profit.Source: Daily News & Analysis: Money News | 21 Feb 2010 | 12:18 am Geo-engineering: the planet’s savior or untested danger?San Diego: US researchers are studying the steam from ships, condensation trails of airplanes and volcanic eruptions as they try to understand how and even if the fledgling science of geo-engineering could slow global warming. But where some researchers are forging ahead with the new science, which involves tinkering with the atmosphere to change the climate, many others are warning that geo-engineering is untested, potentially dangerous and distracting us from reducing greenhouse gases. Geo-engineering is based on the principle that making tweaks to the atmosphere, such as seeding the clouds to make them brighter and more reflective, could bring down global temperatures. One geo-engineering study showed that large ships spewing tiny particles into the sky changed the characteristics of clouds, making the droplets in the clouds more numerous and smaller. A cloud with more droplets is brighter and reflects more sunlight, preventing it from hitting the Earth’s surface and warming it up. Another model for geo-engineers is major volcanic eruptions, which spew sulfurous gases into the air and also result in cooler temperatures afterwards. Some scientists have suggested as a geo-engineering strategy shooting sulfurous gas into the air from jets that fly at high altitudes. The gas would condense and form particles in clouds, making them more reflective, they have theorized. “There’s a huge scope for new methods because once you realize you can make things by direct condensation from vapor, then all different sorts of compounds are possible,” said David Keith, a professor of earth sciences at the University of Calgary at the annual meeting of the American Association for the Advancement of Science.. “But it’s much harder to figure out the environmental risks and effectiveness of these new methods unless you put them up. That is going to be a fundamental ongoing problem,” said Keith. “We need to have a little more insight,” said James Fleming, a professor of science, technology and society at Colby College in the northeastern state of Maine. “We should avoid pitfalls and not rush forward, claiming we know how to fix the sky,” he said. Geo-engineering is not only untested, but could be dangerous if it fell into the wrong hands, the scientists say. “The bottom line is some geo-engineering strategies are so cheap, any small state or even individual can do it, and that’s a very dangerous thing,” said Keith. It would also pose a moral dilemna, because models have shown that reflecting the sun away from the earth to bring down temperatures would “damage some places”, such as the southern Asian monsoon belt, which could see less rainfall, but “offset climate change in most places,” said Ken Caldeira, a scientist at the Carnegie Institution. Geo-engineering also does not address why we got to the point of needing to bring down global temperatures in the first place, because it is not an attempt to stop pumping greenhouse gases into the air. It works on bringing down the fever rather than trying to prevent it. “We should base our decision-making not on what we think we can do now or in the near future but on what we have and have not done in the past and how we got to this point as a societ,” said Fleming. But most of the scientists agreed that geo-engineering should be studied and developed, because just bringing down greenhouse gas emissions will not do enough to slow or reverse global warming. “Emissions reduction alone is not going to make the world start cooling this century,” said Caldeira. “It might in future centuries but what happens if in 20, 30, 40 years, temperatures are so high that crops are failing in tropical regions and millions of people are threatened with famine? “Do we say OK, maybe in this century if we stop emissions, things will start to get cooler? Or do we try to do something to diminish that damage?” he said. “I don’t know if there’s somethinng we can do but we’d better try to find out if there is, because it’s the only way we can realistically stop the earth from warming during the course of this century,” he said. Source: LatestNews-Home - Livemint.com | 21 Feb 2010 | 12:09 am Geo-engineering: the planet’s savior or untested danger?San Diego: US researchers are studying the steam from ships, condensation trails of airplanes and volcanic eruptions as they try to understand how and even if the fledgling science of geo-engineering could slow global warming. But where some researchers are forging ahead with the new science, which involves tinkering with the atmosphere to change the climate, many others are warning that geo-engineering is untested, potentially dangerous and distracting us from reducing greenhouse gases. Geo-engineering is based on the principle that making tweaks to the atmosphere, such as seeding the clouds to make them brighter and more reflective, could bring down global temperatures. One geo-engineering study showed that large ships spewing tiny particles into the sky changed the characteristics of clouds, making the droplets in the clouds more numerous and smaller. A cloud with more droplets is brighter and reflects more sunlight, preventing it from hitting the Earth’s surface and warming it up. Another model for geo-engineers is major volcanic eruptions, which spew sulfurous gases into the air and also result in cooler temperatures afterwards. Some scientists have suggested as a geo-engineering strategy shooting sulfurous gas into the air from jets that fly at high altitudes. The gas would condense and form particles in clouds, making them more reflective, they have theorized. “There’s a huge scope for new methods because once you realize you can make things by direct condensation from vapor, then all different sorts of compounds are possible,” said David Keith, a professor of earth sciences at the University of Calgary at the annual meeting of the American Association for the Advancement of Science.. “But it’s much harder to figure out the environmental risks and effectiveness of these new methods unless you put them up. That is going to be a fundamental ongoing problem,” said Keith. “We need to have a little more insight,” said James Fleming, a professor of science, technology and society at Colby College in the northeastern state of Maine. “We should avoid pitfalls and not rush forward, claiming we know how to fix the sky,” he said. Geo-engineering is not only untested, but could be dangerous if it fell into the wrong hands, the scientists say. “The bottom line is some geo-engineering strategies are so cheap, any small state or even individual can do it, and that’s a very dangerous thing,” said Keith. It would also pose a moral dilemna, because models have shown that reflecting the sun away from the earth to bring down temperatures would “damage some places”, such as the southern Asian monsoon belt, which could see less rainfall, but “offset climate change in most places,” said Ken Caldeira, a scientist at the Carnegie Institution. Geo-engineering also does not address why we got to the point of needing to bring down global temperatures in the first place, because it is not an attempt to stop pumping greenhouse gases into the air. It works on bringing down the fever rather than trying to prevent it. “We should base our decision-making not on what we think we can do now or in the near future but on what we have and have not done in the past and how we got to this point as a societ,” said Fleming. But most of the scientists agreed that geo-engineering should be studied and developed, because just bringing down greenhouse gas emissions will not do enough to slow or reverse global warming. “Emissions reduction alone is not going to make the world start cooling this century,” said Caldeira. “It might in future centuries but what happens if in 20, 30, 40 years, temperatures are so high that crops are failing in tropical regions and millions of people are threatened with famine? “Do we say OK, maybe in this century if we stop emissions, things will start to get cooler? Or do we try to do something to diminish that damage?” he said. “I don’t know if there’s somethinng we can do but we’d better try to find out if there is, because it’s the only way we can realistically stop the earth from warming during the course of this century,” he said. Source: Tech News - Livemint.com | 21 Feb 2010 | 12:09 am Oil sector pushes for rationalisation of dutiesWill the Finance Minister, Mr Pranab Mukherjee, lend his ears to the demands of the domestic oil and gas sector? Only the Budget will tell. However, the industry continues to press for rationalisation of duties and taxes for both upstream andSource: Business Line - Home Page | 21 Feb 2010 | 12:00 am Private remittances set to treble in 2009-10A more than three-fold jump in private remittances is expected in 2009-10 as the economy stages a stronger-than-estimated rebound in the second half, the Economic Advisory Council to the Prime Minister (PMEAC) hasSource: Business Line - Home Page | 21 Feb 2010 | 12:00 am Cheaper cereals, vegetables signal easing of inflationIf you had bought a kg each of standard channa dal, moong dal, tur dal, urad and sugar along with a 25-kg bag of Sona rice in the third week of January, it would have cost you about Rs 1,134. If you were to buy the same basket now, it would costSource: Business Line - Home Page | 21 Feb 2010 | 12:00 am Ministry for 10% import duty on auto componentsThe Heavy Industries Ministry has asked the Finance Minister, Mr Pranab Mukherjee, to impose 10 per cent Customs duty on auto components in the forthcoming Budget. This has also been the demand of domestic producers in the backdrop of increasedSource: Business Line - Home Page | 21 Feb 2010 | 12:00 am Maharashtra Police set to launch online complaint siteNext time you break into a cold sweat thinking of filing a police complaint, don't panic, help is at hand. The Maharashtra Government has created an e-complaint system for citizens to e-mail their complaints to theSource: Business Line - Home Page | 21 Feb 2010 | 12:00 am Weekly News Round upUnited Bank of India said it will raise between Rs 330 croreand Rs 350 crore from its initial public offering. The IPO will open on February 23. Through the IPO, the Government will dilute 15.8 per cent stake in the bank and will hold 82.2 per centSource: Business Line - Home Page | 21 Feb 2010 | 12:00 am Unveil your Dream Budget 2010Business Line invites you to tell the Finance Minister your Budget expectations. Send in your Budget wish list (in about 200 words) to , along with reasoning. Attach your digitalSource: Business Line - Home Page | 21 Feb 2010 | 12:00 am Govt willing to discuss all issues: PMThe Prime Minister, Dr Manmohan Singh, said on Saturday that the Government is willing to discuss “all issues” in Parliament. This comes at a time when the Centre is under fire from the Opposition over the Secretary-level talks withSource: Business Line - Home Page | 21 Feb 2010 | 12:00 am SBI may not raise deposit rates before May-JuneState Bank of India is unlikely to raise deposit rates before May-June as it is flush with liquidity, said Mr O. P. Bhatt,Source: Business Line - Home Page | 21 Feb 2010 | 12:00 am Stimulus packages generated 19 per cent new jobs AssochamIndustry body Assocham has claimed that the stimulus measures has helped industry in creating 19 per cent more jobs during October-January 2009-10 over the same period last year.Source: HindustanTimes.com - Top Business News Headlines | 20 Feb 2010 | 11:55 pm 6 of top 10 cos lose Rs 36k cr in a week Airtel major loserIn a volatile session past week, six out of the top-10 firms lost nearly Rs 36,000 crore from their market capitalisation, with private telecom major Bharti Airtel losing the major pie from its valuation.Source: HindustanTimes.com - Top Business News Headlines | 20 Feb 2010 | 11:51 pm 32 dead as rainstorms hit Portuguese islandLisbon: Violent rainstorms have killed at least 32 people on the Portuguese Atlantic island of Madeira, a senior official said, as Lisbon mulled declaring an emergency and seeking European help. “We already have 32 fatalities and 68 injured, all of them in hospital,” Joao Cunha e Silva, the vice president of the island’s government, told the private Sic Noticias television channel on Saturday. The Portuguese naval frigate Corte-Real set off from Lisbon with helicopters, a medical team and relief supplies for Madeira, the armed forces said in a statement. Also en route were two helicopters and two C-130 Hercules transport aircraft. A rescue team of 56 gendarmes and 36 firefighters was to depart Lisbon for the island’s main city of Funchal Sunday morning. Interior minister Rui Pereira said,“We are studying the possibility of declaring a state of emergency and then seeking help from the European Union.” The island’s airport was closed and Funchal mayor Miguel Albuquerque advised residents to stay at home. The overnight strong winds and heavy rain caused flooding and landslides, particularly in the south of Madeira, a resort island located 900 km southwest of the Portuguese mainland. Source: LatestNews-Home - Livemint.com | 20 Feb 2010 | 11:14 pm Indian ADRs gain $10 bn in a weekIndian stocks trading on American bourses added $10 billion to their cumulative market capitalisation last week with IT icons Infosys Technologies and Wipro accounting for half the total gains.Source: India Business News | Business News - Times of India | 20 Feb 2010 | 11:09 pm Stimulus packages generated 19% new jobs: AssochamIndustry body Assocham has claimed that the stimulus measures has helped industry in creating 19% more jobs during October-January 2009-10 over the same period last year.Source: India Business News | Business News - Times of India | 20 Feb 2010 | 11:01 pm 6 of top 10 cos lose Rs 36k cr in a week; Airtel major loserIn a volatile session past week, six out of the top-10 firms lost nearly Rs 36,000 crore from their market capitalisation, with private telecom major Bharti Airtel losing the major pie from its valuation.Source: India Business News | Business News - Times of India | 20 Feb 2010 | 10:19 pm Hard to know where U.S. dollar headed - Fed's PianaltoCLEVELAND (Reuters) - So many variables affect the value of the U.S. dollar that it is hard to know where the greenback is headed, Cleveland Federal Reserve Bank President Sandra Pianalto said on Saturday.Source: Reuters: Money News | 20 Feb 2010 | 9:56 pm Clash over gay rights in SC set to snowballNew Delhi: Using fresh arguments that range from imperiling India’s defence to making its people delusional, 14 new organisations have joined the final legal battle against the decriminalisation of homosexuality. On Saturday, the number of petitioners in the Supreme Court — challenging the July 2009 decision of the Delhi high court to strike down an anti-sodomy law — stood at 16 from the original two. Two Christian church coalitions, three Muslim NGOs, two Hindu astrologers, a disciple of yoga guru Baba Ramdev, an NGO run by a former Delhi police officer, and an environmentalist, will be among those in the Supreme Court when it hears an appeal next month against the overturning of the Indian Penal Code’ section 377. Only one person, film director and Rajya Sabha MP Shyam Benegal, has quietly joined the original petitioner, Delhi NGO Naz Foundation, in support of gay rights in the Supreme Court. With the government saying it will not oppose the Delhi high court judgement, which experts consider legally strong, the new opponents are readying a range of fresh arguments: • “Medical opinion” that only the vagina has the muscles required for sex, not the anus (Utkal Christian Foundation, Cuttack) • Expanding the constitutional right to non-discrimination to include sexual orientation could lead to demands for job reservations (Apostolic Churches Alliance, Thiruvananthapuram) • Indian cultural morality maybe ready for homosexuality in “50 or 100 years”, not today (Raza Academy, Mumbai) Chairman of the Jammu and Kashmir Panthers Party, Prof Bhim Singh, said in his petition that the Delhi high court ruling would be “a disaster for the Indian defence forces and the security of the country… in deserted areas”. “Seedlings of homosexuality developed among the (European and US) soldiers during the first and the second world war when they had to stay back in the forests and the hills for years without having any access to meet their sexual desires,” said Singh, whose party otherwise fights for the reorganisation of J&K. “My challenge of the (Delhi) high court judgement is that it should not have relied on foreign judgements,” said Mushtaq Ahmed, counsel for Mumbai’s Raza Academy, a 32-year-old Islamic advocacy group. “We can’t impose a foreign cultural morality today.” From Cuttack, B.D. Das, counsel for the Utkal Christian Foundation, a coalition of Orissa churches, said the decriminalisation of homosexuality had already led gay couples to request church marriages. “Of course we have not given permission,” said Das, referring to homosexuality as a “biblical sin”. “Earlier, it (gay marriage) was criminal, so they would not dare to ask.” Recognising these widespread sensitivities, normally vocal gay, lesbian and transgender activists are staying under the radar. They will stick to the high court’s stress on constitutional rights of an individual over public morality and not expand arguments to subjects like marriage and employment. “Our energies are focused on safeguarding the decision in the Supreme Court,” said Gautam Bhan, spokesperson of “Voices against 377”, a coalition of gay rights organisations. The old arguments, made by former right-wing Member of Parliament B.P. Singhal and an NGO called the Joint Action Council, Kannur (in Kerala), have been reformulated as well. These focus on the religious opposition to homosexuality, threat to “public morality” and what opponents argue is its “unnatural” nature. “(The) High Court decision will protect consensual unnatural sexual acts even when they are obtained by fraud, deceit, misrepresentation, causing fear, intoxication or due to unsoundness of mind,” argued S.K. Gupta, a disciple of yoga guru Ramdev, and representative of Delhi’s Patanjali Yogpeeth. The Delhi Commission for Protection of Child Rights (DCPCR), run by former police officer Amod Kanth, said the high court had not considered adoption of children by homosexual couples and the concept of family and parenthood. “The judgement will cause ‘value disorientation’ and torment children,” said DCPCR secretary R.C. Gupta, “leading to identity crisis, social physical and psychological maladaptation in society.” “It is an established medical theory that AIDS spread in human beings through monkeys in African countries. Though not established, there are certain theories that state that unnatural sex with animals can be one of the causes. “It is submitted that unnatural acts always come with curse from nature, as AIDS in the present form and therefore it deserves to be curbed with strong hands (sic),” S.K. Gupta, secretary, Delhi commission for Protection of Child Rights. Against Apostolic Churches Alliance All India Muslim Personal Law Board S K Gupta, Patanjali Yogpeeth B Krishna Bhat, environmentalist Delhi Commission for Protection of Child Rights Utkal Christian Council Krantikari Manuvadi Morcha Party Tamil Nadu Muslim Munnetra Kazhagam Suresh Kumar, Mukesh Kumar Koushal, astrologers (does not include all petitioners) For Naz Foundation Shyam Benegal, film director samar@hindustantimes.com Source: LatestNews-Home - Livemint.com | 20 Feb 2010 | 9:52 pm U.S. reviewers urge Glaxo's Avandia come off marketWASHINGTON (Reuters) - Two U.S. drug safety reviewers have recommended that GlaxoSmithKline Plc's diabetes drug Avandia be pulled from the market after concluding it is more dangerous to the heart than a rival medicine, according to documents released on Saturday.Source: Reuters: Money News | 20 Feb 2010 | 9:49 pm Oracle CEO optimistic on quick Sun profit potentialSAN FRANCISCO (Reuters) - Oracle Corp Chief Executive Larry Ellison said on Saturday he expected Sun Microsystems, the unprofitable hardware maker that he bought last month for $7.5 billion, to be making a profit soon.Source: Reuters: Money News | 20 Feb 2010 | 9:32 pm White House to publish healthcare proposals MondayWASHINGTON (Reuters) - The White House will unveil its latest healthcare reform proposals on Monday ahead of a bipartisan summit that President Barack Obama hopes will advance the stalled legislation, a senior administration official said on Saturday.Source: Reuters: Money News | 20 Feb 2010 | 8:16 pm PMEAC lists measures for farm sector - The Hindu
Source: Business - Google News | 20 Feb 2010 | 1:40 pm India-Bangladesh power plant deal - The Hindu
Source: Business - Google News | 20 Feb 2010 | 1:02 pm Lending rate may not change before June: Bhatt - Economic Times
Source: Business - Google News | 20 Feb 2010 | 12:58 pm PSU vaccine factories set to return from the deadHuge shortage makes government rethink decision to close.Source: Business Standard | Front Page Headlines | 20 Feb 2010 | 12:11 pm Opposition plans to corner Centre on price riseTo corner the Manmohan Singh government in the Budget Session of Parliament, a united opposition today demanded a debate on price rise on February 23, before the Railway Budget and the Union Budget are placed in the Lok Sabha.Source: Business Standard | Front Page Headlines | 20 Feb 2010 | 12:09 pm Q4 will be tough: OP BhattConcerned over the rise in bond yields which can cause mark-to-market losses, State Bank of India Chairman OP Bhatt today said the current quarter will be one of the toughest quarters in recent times. SBI is the countrys largest lender.Source: Business Standard | Front Page Headlines | 20 Feb 2010 | 12:07 pm Tata Motors readies Jag for Le MansBrand returns to high-profile race after 10-year hiatus.Source: Business Standard | Front Page Headlines | 20 Feb 2010 | 12:05 pm BSNL to launch money transfers on Mobile - Business Standard
Source: Business - Google News | 20 Feb 2010 | 11:30 am REC — FPO: Invest - Hindu Business Line
Source: Business - Google News | 20 Feb 2010 | 10:56 am Why the reader will be kingThe book publishing, distributing and selling industry is on the cusp of a technological revolution. A revolution where e-books — books that can be read on electronic readers —will transform the reading experience.Source: HindustanTimes.com - Top Business News Headlines | 20 Feb 2010 | 10:33 am Budget dilemma buy or deferIt isn’t about what will be. It is about what you think it will be. As the much anticipated budget brings about changes in shopping patterns, a strange phenomenon hits the economy every year in February — sudden drops or rise in purchases of consumer durables.Source: HindustanTimes.com - Top Business News Headlines | 20 Feb 2010 | 10:24 am Apollo Hospitals seeks extension of 10year tax holidayApollo Hospitals expects extension of 10year tax holiday for healthcare.Source: Moneycontrol Top Headlines | 20 Feb 2010 | 10:10 am Govt should opt forprofit model in education: GOLSSaliesh Mehta, eLearning evangelist founder CEO of GurukulOnline Learning Solutions (GOLS) says the government should come out with forprofit education in the primary, secondary education and higher education along with vocational education.Source: Moneycontrol Top Headlines | 20 Feb 2010 | 9:53 am Asian Paints seeks smooth implementation of GSTManish Choksi, Chief Strategist CIO at Asian Paints says smooth implementation of GST at one time would really help a lot going forward. \"A fractured implementation though might be easier for the government and various states it might really hurt the industry in terms of management of all of these things.\"Source: Moneycontrol Top Headlines | 20 Feb 2010 | 9:42 am Ministers won't meet on Doha prospects soon - sourcesGENEVA (Reuters) - Trade ministers are unlikely to gather in late March as proposed to decide whether a deal is possible this year in the World Trade Organisation's long-running Doha round, trade sources said on Thursday.Source: Reuters: Money News | 20 Feb 2010 | 7:57 am Up to 25 bln euros in aid mulled for Greece - magazineBERLIN (Reuters) - Germany's finance ministry has sketched out a plan in which countries using the euro currency will provide aid worth between 20 billion and 25 billion euros ($27-$33.7 billion) for Greece, a magazine reported on Saturday.Source: Reuters: Money News | 20 Feb 2010 | 7:28 am OPEC unlikely to raise output ceiling in March: IranOPEC governor Mohammad Ali Khatibi said Iran is currently producing below its real capacity in compliance with OPEC decisions. Iran's production capacity is 4.3 million bpd.Source: Daily News & Analysis: Money News | 20 Feb 2010 | 6:44 am Reliance submits revised offer for LyondellBasell: SourcesIndia\'s largest private gas refiner, Reliance Industries is still in the race for LyondellBasell, reports CNBCTV18, quoting sources.Source: Moneycontrol Top Headlines | 20 Feb 2010 | 6:19 am OPEC unlikely to raise output ceiling in March - IranTEHRAN (Reuters) - OPEC is unlikely to raise its output ceiling at its next meeting in March, a senior Iranian oil official said on Saturday.Source: Reuters: Money News | 20 Feb 2010 | 5:58 am SBI may hire upto 20,000 people next fiscal: OP BhattIn 2008-09, the bank had recruited 27,000 staff across various verticals, the State Bank of India chairman said.Source: Daily News & Analysis: Money News | 20 Feb 2010 | 5:53 am Chinese banks told to lend reasonably, responsiblyBanks lent a record 9.6 trillion yuan ($1,406 billion) in 2009 as they rushed to support the government's economic recovery programme. This year Beijing has set a loan target of 7.5 trillion yuan.Source: Daily News & Analysis: Money News | 20 Feb 2010 | 5:52 am Indian companies using Singapore as arbitration centre on the riseAn increasing number of Indian companies are using Singapore as an arbitration destination, a top Singaporean minister said.Source: Daily News & Analysis: Money News | 20 Feb 2010 | 5:38 am Will the cyber Rakesh Jhunjhunwala please stand up?Track Indias most outspoken investor online. Rakesh Jhunjhunwala, legendary investor, has a blog. And a Twitter ID. Or does he?Source: Moneycontrol Top Headlines | 20 Feb 2010 | 5:01 am Toyota to begin production of Etios by DecemberWorld's largest car maker, Toyota is set to begin production of the its concept car, Etios, targeted at the B segment customers, by December this year.Source: India Business News | Business News - Times of India | 20 Feb 2010 | 4:56 am Greece's woes scared countries into action: FinlandConcern over Athens' ability to repay its debt has shaken confidence in the euro and prompted European Union leaders to pledge they will take coordinated action.Source: Daily News & Analysis: Money News | 20 Feb 2010 | 4:51 am New completion dates for Dubai metro after delaysBuilding works restarted this month after a settlement was reached with the Japanese-led consortium behind the project over about $2-3 billion in disputed payments.Source: Daily News & Analysis: Money News | 20 Feb 2010 | 4:46 am Toyota to begin production of Etios by DecemberThe company would launch both hatchback and sedan under the Etios series with 1.2 litres and 1.5 litres petrol engines respectively, Toyota Kirloskar Motor (TKM) managing director Hiroshi Nakagawa said.Source: Daily News & Analysis: Money News | 20 Feb 2010 | 4:42 am Lending rates not to move up till May-June: SBI chiefState Bank Chairman O P Bhatt on Saturday said that lending rates in the banking system are unlikely to rise at least in the next 3-4 months as hiking rates in a low-demand scenario could hurt banks' margins.Source: India Business News | Business News - Times of India | 20 Feb 2010 | 4:42 am Gold at month high; regains 17k-level on global cuesGold prices added Rs 190 to scale the psychological Rs 17,000-level on the bullion market today in tandem with strong global cues.Source: India Business News | Business News - Times of India | 20 Feb 2010 | 4:15 am Wall St advances as worries ease over Fed\'s moveUS stocks rose on Friday as investors took the Federal Reserve\'s surprise increase in the discount rate.Source: Moneycontrol Top Headlines | 20 Feb 2010 | 4:14 am Insurer: US government informed of Toyota claims in 2004The largest US auto insurer alerted regulators earlier than first believed about a worrying trend of accidents involving Toyota Motor Corp vehicles.Source: Moneycontrol Top Headlines | 20 Feb 2010 | 4:14 am Six apiece as US takes on rest of worldWhen it comes to Alpine skiing these are rapidly becoming America\'s Games.Source: Moneycontrol Top Headlines | 20 Feb 2010 | 4:14 am 4 more US banks close, total hits 20 for 2010Regulators seized four more US banks on Friday, bringing the total for the year to 20.Source: Moneycontrol Top Headlines | 20 Feb 2010 | 4:14 am GM CEO Whitacre annual cash salary USD 1.7 millionGeneral Motors Co Chief Executive Ed Whitacre will receive a USD 1.7 million annual salary.Source: Moneycontrol Top Headlines | 20 Feb 2010 | 4:14 am Chinese banks told to lend reasonably, responsiblyBEIJING (Reuters) - Chinese banks received a warning on Saturday not to lend too aggressively and to verify that their loans are being used for the intended purpose.Source: Reuters: Money News | 20 Feb 2010 | 4:13 am Greece's woes scared countries into action - FinlandHELSINKI (Reuters) - Greece's financial problems have scared other government into taking action to strengthen their finances, and any talk of a "chain reaction" affecting other countries should be avoided, Finland said on Saturday.Source: Reuters: Money News | 20 Feb 2010 | 3:59 am Sensex static as traders wait for budget - Economic Times
Source: Business - Google News | 20 Feb 2010 | 3:00 am
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