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Business

Power Finance Corp to raise Rs 40,000 cr in FY 2012-13

State-run Power Finance Corporation (PFC) has said that it would raise the fund raising target to Rs 40,000 crore in the next financial year, 2012-13. Talking to reporters in New Delhi today, PFC Chairman and Managing Director Satnam Singh also said that the company, which provides financing to the power sector, has set a target […]

Stock & Share

Sensex up 218 pts in early trade on firm Asian cues

The BSE benchmark index Sensex gained 218 points in early trade on Monday on sustained buying by funds and retailers amid a firming trend in Asian markets. The 30-share index, which had gained over 741 points in last four trading sessions, shot up by 218.01 points, or 1.24 per cent, to 17,822.97 with all sectoral […]

Business

Govt warns of potential social unrest over skewed availability of water

Noting that large parts of the country have become “water stressed”, the government has warned of potential “social unrest” due to its “skewed” availability in different regions. The draft of the latest National Water Policy released recently admits that large parts of India have “already become water stressed. Rapid growth in demand for water due […]

Business

DoT examining legal implications of SC order before any action

The Department of Telecom will study the legal implications of the Supreme Court order cancelling 122 2G telecom licenses before deciding on the future course of action. “DoT has to first study legal implications of the order. It will require some time to understand and interpret the order before deciding on any action. As of […]

Banking

Central Bank Of India revises interest rate on NRE,FCNR(B),& RFC deposits

Revised interest rates, applicable to fresh FCNR(B) deposits accepted / renewals made on or after February 01, 2012 will be as under: You can contact author @ [email protected]

Stock & Share

Sensex gains over 560 points in past three trading sessions

The Sensex at the Bombay Stock Exchange rose 37 points, or 0.2 per cent, to 17,469, in early trade, today, on modest buying by funds and retail investors. Later, the Sensex traded in a narrow range, as it oscillated between the negative and positive zone, and stood a slim 9 points in positive territory, at […]

Banking

Central Banks special mega credit camp

by NR INDRAN / INT Central Bank of India organized a Special Mega Credit Camp at SPBT College,Ville Parle, Mumbai, for its branches under Mumbai and Thana Region. As the Bank has completed 100 years in Dec’11, the Bank has arranged this Credit Camp to sanction the loans of more than Rs100Crs. On this occasion […]

Business

SC scraps 122 2G spectrum licences granted under Raja’s tenure

In a major development having implications for the corporate sector, the Supreme Court on Thursday cancelled the 122 2G spectrum licences granted by former telecom minister A Raja on the ground that they were issued in a “totally arbitrary and unconstitutional” manner. Imposing a fine of Rs five crore each on three telecom companies, which […]

Business

Don’t see much impact on customer, auction preferred: Trai

Telecom regulator Trai on Thursday said there will not be much impact on customers due to cancellation of 122 2G licenses of eight companies, as around 95 per cent of total subscribers belong to operators which got licences before January 2008. “The Supreme Court judgement will be implemented. Customers will not be impacted from the […]

Stock & Share

Sensex up 131 pts led by IT, metal stocks

The Bombay Stock Exchange benchmark Sensex on Thursday made gains for the third straight day – up 131 points on sustained buying by funds, especially in IT and metal sectors amid strong gains in the Asian region on signs of growth in major global economies. Sensex, which had gained 437 points in last two sessions, […]