Investors flock to Ulips Sep 9, 2009
NEW DELHI: Consumers continued to put in money in their existing unit-linked insurance plans (Ulips) expecting better returns from the stock market as the Indian economy recovers. Premium collection from renewal of Ulips jumped 44% during the first three months of the current fiscal over the year-ago period even as the insurance sector has been seeing a slowdown. (India Times)
Wipro eyes new business model firms for buyouts Sep 9, 2009
BANGALORE: Wipro is scouting for acquisition of leading technology companies with new business model of the future and is evaluating a few candidates for large buyouts, a key company official said. "We continue to be active in acquisitions," the Bangalore-based, New York Stock Exchange Limited company's Chief Financial Officer Suresh Senapaty said here. (India Times)
Plan for cheetah relocation Sep 9, 2009
GAJNER (Rajasthan): Cheetah experts from across the world are congregating here tomorrow to discuss the strategy to translocate the fastest animal on earth here in a bid to repopulate the species which was last seen in the country in the 1960s. "It is an attempt to reintroduce the animal here on the line of tiger relocation plan. We need to do a feasibility study and, if convinced, we will certainly give a go-ahead. Since Iran has already refused to part its animal, we will approach South Africa... (India Times)
Students to bid for a day out with CEOs Sep 9, 2009
BANGALORE: Imagine bidding for Infosys mentor N R Narayana Murthy or Biocon Limited CEO Kiran Mazumdar Shaw just to spend a day with them. The management students of Indian School of Business (ISB) are willing to pay any price to spend a day with their favourite CEO through a unique initiative called Shadow a CEO. (India Times)
Takeover code set for complete makeover Sep 9, 2009
Indias takeover code, 00004000 which was responsible for a big wave of Mvity and corporate consolidation after being introduced in 1997, is set for a big change. The Securities and Exchange Board of India, or SEBI, has set up a special committee to review its key provisions after realising the need to make it relevant to current needs of investors and companies. (India Times)
RBI to introduce 100 crore Rs 10 plastic notes Sep 9, 2009
NEW DELHI: Soiled notes may soon be a thing of past with the R 00004000 eserve Bank planning to introduce Rs 10 polymer banknotes whose life span would be 4 times the normal currency notes and would be difficult to imitate. The apex bank has initially decided to introduce 100 crore pieces of Rs 10 polymer notes, for which it has floated a global tender, a senior central bank official said. (India Times)
1 in 6 SIM cards bought on fake ID Sep 9, 2009
NEW DELHI: A large sample test of 35 lakh SIM cards issued over two years until April 2009 has revealed that as many as six lakh SIMsabout one in sixdo not have verifiable identities, raising fears that the process of issuing cell connections may be open to manipulation by criminals and terrorists. With almost every major terror investigation revealing the use of SIMs procured on the basis of fake IDs, the number of six lakh dodgy cards is very high, given that the government has been keen... (India Times)
Zain offers to sell stake to BSNL Sep 9, 2009
NEW DELHI: Bankers representing Kuwaits largest telecom operator Zain have approached BSNL urging it to pick up a significant stake in the West Asian company, but the state-run telco seems only interested in the African operations of Zain. We were approached by bankers to enter into talks with Zain. (India Times)
Visa woes for Chinese may trip power projects Sep 9, 2009
NEW DELHI: Security concerns over Chinese workmen working in Indian projects may take a heavy toll on Indias power capacity addition plans as several Chinese power equipment and construction firms are unable to execute the job order following denial of visa to Chinese technicians. Indian infrastructure business houses that are developing power plants including KSK Energy, Reliance Power, GMR, Adani and the Jindals are facing delays in project implementation as the Chinese contractors have... (India Times)
Infra players thrive despite adversity Sep 9, 2009
Indias top infrastructure players thrive despite adversity- Infrastructure-Economy-News-The Economic Times. Indias top infrastructure players thrive despite adversity9 Sep 2009, 1053 hrs IST, ET Bureau. (India Times)
Loyal Challenge: Flaws marketing managers commit Sep 9, 2009
In an era of unprecedented consumer choice and easy availability of information , is consumer loyalty dead. No, but it has become a lot harder to achieve. (India Times)
Oman fund set to jazz up tier-II realty show Sep 9, 2009
The deal is probably the largest fund action in Indian tier-II real estate. Oman Investment Fund, through a Cypress-incorporated entity, is picking up 50% stake in Mohtisham Estates, a joint venture developing a 18-19 million sq ft project on the Mangalore-Bangalore highway. (India Times)
Fresh regulatory framework soon for fin conglomerates Sep 9, 2009
MUMBAI: The Reserve Bank of India (RBI) will soon unveil new comprehensive regulatory and supervisory framew 00004000 ork for financial conglomerates, RBI deputy governor Usha Thorat said. The central bank has reviewed the existing regime and feels more oversight is required for entities that have presence in more than one market. (India Times)
MEA to facilitate release of arms-laden UAE plane Sep 9, 2009
NEW DELHI: External affairs minister S M Krishna on Tuesday said his ministry would facilitate early release of the United Arab Emirates Air Force plane that was detained in Kolkata after arms and ammunition were found on board. The decision to facilitate early release of the China-bound plane was taken after the UAE government and embassy in New Delhi "formally regretted" not divulging contents of the cargo and that matter was reduced to a "technical error". (India Times)
Gold futures higher on overseas cues Sep 9, 2009
MUMBAI: India gold futures were higher on Wednesday taking cues from overseas gold, which stayed above $1,000 an ounce for the second consecutive session, analysts said. International gold prices rose on Wednesday, hovering just above $1,000 per ounce, but below the highs marked the previous day, as investors sold the dollar to buy riskier assets such as stocks 00004000 and commodities. (India Times)
Now, remittance from abroad at your doorstep Sep 9, 2009
NEW DELHI: Indians working abroad may soon be able to send cash directly to their relatives at their doorsteps through th 00004000 e widespread postal network. The department of posts is set to enter into an agreement with Eurogiro, a global network of banks and financial institutions, for direct money remittance through post offices. (India Times)
Shoppers Stop to up headcount by 1,000 Sep 9, 2009
Shoppers Stop to raise headcount by 1,000 in six months- Jobs-News By Industry-News-The Economic Times. Shoppers Stop to raise headcount by 1,000 in six months8 Sep 2009, 2125 hrs IST, PTI. (India Times)
'RBI not concerned about rising yields' Sep 9, 2009
RBI not concerned about rising yields: Deputy Governor- Indicators-Economy-News-The Economic Times. RBI not concerned about rising yields: Deputy Governor9 Sep 2009, 1055 hrs IST, REUTERS. (India Times)
Global BPO vendors poach staff from local cos Sep 9, 2009
BANGALORE: Global outsourcing vendors such as Accenture and Capgemini are increasingly poaching employees from Indian rivals as they tap into professionals with expertise in offshoring to compete more effectively against companies like TCS, Wipro and Infosys. As offshore outsourcing goes mainstream, multinationals are hiring Indians to head their sales teams in key markets in Europe and the US, a shift from the practice of employing locals to win contracts. (India Times)
Sugar to get bitter after festival Sep 9, 2009
NEW DELHI: The price of sugar is expected to go up further after the festival season as there is a shortfall of 80 lakh tonnes. The government is not in a position to import sugar as prices in the international market are even higher. (India Times)
Martial Rolland, Chairman & MD, Nestle India Sep 9, 2009
Nestle will emerge stronger from slump'- Interviews-Opinion-The Economic Times. Nestle will emerge stronger from slump'9 Sep 2009, 0027 hrs IST, Sridharan Ramakrishnan, ET Now. (India Times)
Hero rescues Honda from skidding Sep 9, 2009
Hero Honda rescues Honda from skidding in recession- Automobiles-Auto-News By Industry-News-The Economic Times. Hero Honda rescues Honda from skidding in recession9 Sep 2009, 1201 hrs IST, Nandini Sen Gupta, ET Now. (India Times)
Asia stocks dip from 1-yr high, $ hit Sep 9, 2009
Asia stocks dip from 1-yr high, dollar hit- Global Markets-Markets-The Economic Times. Asia stocks dip from 1-yr high, dollar hit9 Sep 2009, 1150 hrs IST, REUTERS. (India Times)
Nasscom lobbies for single work visa for EU Sep 9, 2009
Nasscom seeks pan-EU work visa- Visa Power-Travel-Services-News By Industry-News-The Economic Times. Nasscom seeks pan-EU work visa9 Sep 2009, 0055 hrs IST, Shelley Singh, ET Bureau. (India Times)
Cognizant buys US consultancy firm Sep 9, 2009
Cognizant strengthens consulting capability through acquisitions- Software-Infotech-The Economic Times. Cognizant strengthens consulting capability through acquisitions8 Sep 2009, 1708 hrs IST, ET Bureau. (India Times)
No capital gains tax cut for IDRs Sep 9, 2009
No capital gains tax exemption for IDRs- Market News-Stocks-Markets-The Economic Times. No capital gains tax exemption for IDRs9 Sep 2009, 0102 hrs IST, Rohini Singh & George Smith Alexander , ET Now. (India Times)
Wal-Mart pvt labels in Bharti stores Sep 9, 2009
NEW DELHI: Bharti Retail has introduced eight Wal-Mart private labels, including two of its largestGreat Value and Georgein its supermarket chain Easyday, hoping to attract more consumers with their international design and packaging and more importantly the value they represent. This is the first time that a Wal-Mart private label has been launched in stores not owned by the retailer that grosses $400 billion annually through 7,800 stores in 16 countries. (India Times)
India growing defence mkt: Ness Tech Sep 9, 2009
India is a growing defence market: Ness Tech CEO- Interviews-Opinion-The Economic Times. India is a growing defence market: Ness Tech CEO9 Sep 2009, 1114 hrs IST, Peerzada Abrar, ET Bureau. (India Times)
Ramalinga Raju stable in intensive care unit Sep 9, 2009
HYDERABAD: Disgraced founder of Satyam Computer Services Ltd B Ramalinga Raju remained in the intensive care unit of a government-run hospital Tuesday after he suffered a cardiac arrest in a jail here. His condition is said to be stable. (India Times)
Talks with GM ongoing: Tengzhong Sep 9, 2009
China's Tengzhong says Hummer talks with GM ongoing- International Business-News-The Economic Times. International Business. (India Times)
Mitsubishi hiring 1,300 workers Sep 9, 2009
Mitsubishi Motors hiring 1,300 workers in Thailand - International Business-News-The Economic Times. International Business. (India Times)
Social sites profit from virtual bucks Sep 9, 2009
Asian social networking sites profit from virtual money- LATEST NEWS-The Economic Times. Asian social networking sites profit from virtual money9 Sep 2009, 0905 hrs IST, REUTERS. (India Times)
Extended monsoon may hit sugarcane Sep 9, 2009
NEW DELHI: Delayed withdrawal of monsoon rains may hurt India's cane crop and help winter-sown wheat, the Economic Times reported on Wednesday, quoting the farm minister. "Meteorological department has conveyed that the monsoon withdrawal has been extended. It will not be good for sugarcane, but will certainly help 00004000 wheat," Sharad Pawar told the newspaper. (India Times)
Quick Gun Murugan: The Good The Bad The Idli Sep 9, 2009
Quick Gun Murugan could claim many records. For example, the first film with a vegetarian cowboy. (India Times)
Metal stocks hogs limelight, Uttam Galva leads rally Sep 9, 2009
MUMBAI: Metal stocks led by Uttam Galva Steels, which hit upperside limit by rising 10 per cent, rallied on the bourses today on a flurry of buying by funds. The BSE Metal index surged by 493. (India Times)
Sibal gets top grades from PM Sep 9, 2009
NEW DELHI: Ahead of the 100 days report card, Prime Minister Manmohan Singh gave high marks to his minister for human resource development Kapil Sibal and minister of state D Purandeswari. Inaugurating Saakshar Bharat Mission, the government's new effort to reduce illiteracy, the prime minister described Mr Sibal and Ms Purandeshwari as the "finest minds" in government. (India Times)
Goodbye Mr Loyalty: Is brand loyalty dead? Sep 9, 2009
Goodbye Mr Loyalty: Is brand loyalty dead. - Brand Equity-Features-The Economic Times. (India Times)
Fixed Income Investments - tread with care Sep 9, 2009
Jaya Vakil, a retired teacher is wondering how could she lose money in a mutual fund investing in government securities. After she invested in one such scheme in January 2009, the fund has lost 7% in value. (India Times)
'Nawaz Sharif met Osama 5 times' Sep 9, 2009
Nawaz Sharif met Osama five times: Ex-ISI official- Politics/Nation-News-The Economic Times. Nawaz Sharif met Osama five times: Ex-ISI official9 Sep 2009, 1247 hrs IST, IANS. (India Times)
Telecom partnerships to ponder Sep 9, 2009
With talks of Bharti-MTN mega merger valued at about $23 billion in the horizon, the Indian telecom industry leads the rest of the sectors in mergers isition deals. Market access' is one of the primary motives for such partnerships. (India Times)
Time to temper portfolio inflows Sep 9, 2009
Strong momentum, a surfeit of liquidity and improved prospects for the Rabi crop following better recent monsoon rains have driven large flows into the stock market, causing indices to breach eagerly awaited key milestones: 16,000 on the sensex and 4,800 for the Nifty. This is the right time for the government to restart the process of phasing out participatory notes or P-Notes, which had been aborted when capital flows dried up following the financial crisis. (India Times)
'Top economies to keep best ratings' Sep 9, 2009
Top economies to keep best ratings: Moody's- International Business-News-The Economic Times. International Business. (India Times)
222 BSE-listed stocks hit 52-week highs Sep 9, 2009
CHENNAI: Investors in 222 BSE-listed stocks such as BPCL, Ceat, Emami, Hindustan Zinc, GAIL, Glaxo-SmithKline , Infosys, IOC, Maruti Suzuki , Oriental Bank, Tata Motors, Uttam Galva and Zensar Tech were ecstatic on Monday after the counters touched their 52-week highs in sync with the 30-share sensex which closed above 16k for the first time in 2009. Trading 00004000 activity in sectors such as pharmaceuticals pushed up stocks such as Alembic (Rs 54), Aventis Pharma (Rs 1,600), FDC (Rs 50. (India Times)
Suzlon Energy promoter revokes 40 lakh shares Sep 9, 2009
MUMBAI: One of the promoters of wind power major, Suzlon Energy, has revoked 40 lakh shares reducing the total shares pledged by the company's promoters to 24. Brij J Tanti, a promoter of the company, has revoked 40 lakh shares representing 0. (India Times)
Govt slashes basmatis export price Sep 9, 2009
Govt slashes basmatis export price to $900/tonne to beat competition- Commodities-Markets-The Economic Times. Govt slashes basmatis export price to $900/tonne to beat competition9 Sep 2009, 0230 hrs IST, ET Bureau. (India Times)
Pak nuke bomb was ready in 1983 Sep 9, 2009
US overlooked Pak nuke program, bomb was ready in 1983: Khan- Politics/Nation-News-The Economic Times. US overlooked Pak nuke program, bomb was ready in 1983: Khan9 Sep 2009, 0937 hrs IST, PTI. (India Times)
Black pepper price dips as demand dries up Sep 9, 2009
KOLKATA: Black pepper, which touched nearly Rs 170 per kg about a fortnight ago, is now a shade cheaper with traders going slow in picking up the spice on seeing a lull in demand for spice from local markets and exporters. Responding to a flat demand for black pepper from local traders and exporters as well over the past few days, the p 00004000 ungent spice shed Rs 25 per kg and comes down to Rs 145 per kg on Tuesday at its main trading terminal at Kochi. (India Times)
Oil hovers near $71 a barrel Sep 9, 2009
Oil hovers near $71 amid weakening US dollar- Indicators-Economy-News-The Economic Times. Oil hovers near $71 amid weakening US dollar9 Sep 2009, 1046 hrs IST, AGENCIES. (India Times)
Getting the recovery wrong Sep 9, 2009
While China is fighting the global recession by ramping up investment, India is doing so by ramping up consumption. But both are doing the wrong thing, argues Prem Shankar Jha. (India Times)
India slips in Doing Business Index Sep 9, 2009
India's ranking slips as doing business become tougher- Indicators-Economy-News-The Economic Times. India's ranking slips as doing business become tougher9 Sep 2009, 1341 hrs IST, PTI. (India Times)
Has the world learnt its lessons from the 2008 financial crisis? Sep 9, 2009
Learning from Lehman: A year later- M K Venu-Columnists-Opinion-The Economic Times. Learning from Lehman: A year later8 Sep 2009, 0225 hrs IST, MK Venu, ET Bureau. (India Times)
Bond yields ease before auctions Sep 9, 2009
Bond yields ease before buyback auctions- Bonds-Markets-The Economic Times. Bond yields ease before buyback auctions9 Sep 2009, 1023 hrs IST, REUTERS. (India Times)
Acer, HP early winners in PC recovery Sep 9, 2009
Acer, HP seen early winners in PC recovery - Hardware-Infotech-The Economic Times. Acer, HP seen early winners in PC recovery 9 Sep 2009, 1116 hrs IST, REUTERS. (India Times)
Boeing sees return to cargo growth Sep 9, 2009
Boeing sees return to cargo traffic growth next year- International Business-News-The Economic Times. International Business. (India Times)
Top US bankers defend bonuses Sep 9, 2009
Bankers defend bonuses as watchdogs close in- International Business-News-The Economic Times. International Business. (India Times)
Media measurements: Cost per rating point vs cost per thousand Sep 9, 2009
What is cost per thousand (CPT). Cost of an ad to reach a 1000 people in a particular target group. (India Times)
It's not the length that matters: Toyota, Honda Sep 9, 2009
NEW DELHI: Japanese carmakers Toyota and Honda Motors have asked the Indian government to change the criteria of classifying a car as small that attracts lower taxes in the country. The two automakers have said that fuel efficiency, emission norms and passenger safety should be used to classify a car as small to avail lower excise benefits rather than the length of the vehicle. (India Times)
Maldives: Green tax for tourists Sep 9, 2009
Maldives president plans green tax for tourists - Developmental Issues-Environment-The Economic Times. Developmental Issues. (India Times)
Investors should not be swayed by euphoria, says Bhave Sep 9, 2009
Investors should not be swayed by euphoria'- Market News-Stocks-Markets-The Economic Times. Investors should not be swayed by euphoria'9 Sep 2009, 0050 hrs IST, ET Bureau. (India Times)
Share allotment in PSU selloffs under CVC lens Sep 9, 2009
Corporate governance issues have started surfacing as the government puts the disinvestment agenda on the fast track. The Centr 00004000 al Vigilance Commission (CVC) has raised questions on allotment of shares in public offering issues of public sector units. (India Times)
Network18 to hike stake in TIFC to 80.4% Sep 9, 2009
Network18 gets acceptance to hike stake in TIFC to 80. 4 pc- Stocks in News-Stocks-Markets-The Economic Times. (India Times)
Crab collector lifted by tiger Sep 9, 2009
CANNING (WB): A 50-year-old man was lifted by a tiger while he was collecting crabs from Pirkhali forest in the Sundarbans on Tuesday, the police said. Yadav Gayen, a resident of Satyanarayanpur village under Gosaba police station, was in a group of three persons collecting crabs. (India Times)
Satyam restores variable pay of 28,000 employees Sep 9, 2009
HYDERABAD: Mahindra Satyam, the new owner of erstwhile Satyam Computer Services, has decided to restore variable pay for close to 28,000 employees across all levels from October this year, signalling recovery of the firm that was in deep financial distress after January this year. Sweeteners such as performance-based Employee Stock Option Plans (Esops) for senior and middle-level associates, staggered cash bonus for select employees at the junior level and welfare allowances will also be... (India Times)
Govt to adopt common qualifying exam for financial advisors Sep 9, 2009
NEW DELHI: The government is preparing to implement the suggestion made last week by an expert panel to introduce a common qualifying exam for financial advisors of all kinds ranging from tele-marketers of car and personal loans to sellers of mutual funds and insurance policies. The proposed exam is aimed at testing their knowledge of not only what they sell, but also of all other financial products chasing the same customer. (India Times)
Pak's first women's band to rock India Sep 9, 2009
MUMBAI: Zeb and Haniya, Pakistans first all-women rock band, are as far removed from the rock musician stereotype as sunlight from strobes. The Lahore-based duo, originally from the Taliban-infested North West Frontier Province, missed the opportunity to perform at an event in Chennai just after the 26/11 terror attacks. (India Times)
