MUMBAI: A recent equities report by stock brokerage Prabhudas Lilladher has picked eleven companies where promoters have raised money by pledging shares. As per the poll, the management of KEI Industries (currently trading 0.4% higher at Rs 10.72 ), Nagarjuna Construction (up 6.2% at Rs 5…

Read More..

Hit by slump in steel demand and the consequent fall in prices, the country’s largest steel producer SAIL on Tuesday reported a 56 per cent decline in its net profit to Rs 843 crore for the third quarter ended December. The state-run entity had a net profit of Rs 1,934.66 crore in …

Read More..

By Caren Bohan and Thomas Ferraro WASHINGTON (Reuters) – President Barack Obama urged skeptical Republicans to back his $825 billion economic stimulus package on Tuesday during a visit to the Congress on Capitol Hill. Shortly before Obama arrived, House Minority Leader John Boehne…

Read More..

Chicago: The deepening global economic recession claimed over 70,000 jobs in a single day, with six companies, ranging from manufacturing to telecom across the US and Europe, announcing job cuts as part of a cost cutting measures to grapple with the slump in consumer spending. With the bl…

Read More..

Thimphu: India’s infrastructure and construction firm Maytas Infra, promoted by the family of Satyam Computers’ founder B Ramalinga Raju, may bag the construction rights of Bhutan’s Dagachu Hydropower Plant as it emerged as the lowest bidder for the project. …

Read More..

New Delhi: Bank statements show that Satyam had funds of over Rs 5,000 crore as of September 2008, but by January 2009 when company founder Ramalinga Raju admitted to fudging accounts the IT firm could have been left with just Rs 200 crore of maturable fixed deposits. …

Read More..

NEW DELHI: The Life Insurance Corporation is all set to pump in an additional over Rs 4,000 crore (about one billion dollar) in the equity market by March 2009, a move that could bolster the volatile bourses. “We have made investment of Rs 31,000 crore till December and it may cross…

Read More..

MUMBAI: Fearing investor backlash in the wake of SEBI’S recent directive on pledged shares, promoters are scrambling to redeem the shares they have pledged with financiers from whom they have borrowed funds. Early last week, the market regulator had ruled that promoters will have to dis…

Read More..

PARIS: The British economy officially entered a recession in the fourth quarter, according to data released Friday, while in Spain, half a million more people lost their jobs during the period, pushing the unemployment rate there to the highest level in more than eight years. British gro…

Read More..

New Delhi: Prime Minister Manmohan Singh was wheeled into the operation theatre of the All India Institute of Medical Sciences (AIIMS) Saturday morning for a heart surgery that could last several hours, hospital authorities said. “The prime minister was taken to the OT at about 7.3…

Read More..