The Reserve Bank of India (RBI) will provide foreign exchange liquidity to foreign branches and subsidiaries of Indian banks through currency swaps. The central bank will also consider easing banks’ requirement to buy government debt in specific cases to free up cash to fund the cur…

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Sajjan Jindal-controlled JSW Steel will cut production by 20 per cent starting this month in the wake of the current market turmoil. According to a company release, JSW will utilise the time for general maintenance of its facilities. The company plans to rationalise its product-mix as wel…

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Aban Offshore can bought at current market price of Rs.950. Company has posted very good results this quarter and is expected to do well in future. It is India’s largest offshore drilling contractor in the private sector, offering world-class drilling and oil field services for of…

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MUMBAI: Equities recouped from day’s highs to end sharply lower as higher than expected inflation spooked sentiments. Metals and oil&gas stocks were under pressure while realty and healthcare stocks ended flat. Inflation for the week ended October 25 was at 10.72 per cent against 1…

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IT firm KLG Systel today said it has bagged an order worth Rs 132 crore from the Punjab government for commissioning of power stations. In a filing to the Bombay Stock Exchange, the firm said its power system solution division has won the contract from Punjab State Electricity Board. Unde…

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In all, the financial crisis cost the French major about €1.7bn in provisions and asset writedowns, excluding €123mn of gains from its own debt BNP Paribas said on Wednesday that its third-quarter profit slumped 56%, as provisions for risky loans shot up in the wake of the collapse of…

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Ess Dee Q2 revenues increase by 64% to Rs1.25bn from Rs763.4mn Ess Dee Aluminium Ltd, one of India’s largest providers of pharma packaging solutions, has announced its results for the quarter and half year ended 30th September 2008. Q2 FY09 results compared with Q2 FY08 results:.. …

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Era Infra Engineering Ltd, an integrated infrastructure development company with a pan India presence, has announced its financial results for the quarter ended September 30, 2008. For the quarter ended September 30, 2008, the company recorded revenues of Rs4.18bn, an increase of 63.38% f…

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Contrary to belief that it was under withdrawal pressure, India’s top private sector lender ICICI Bank on Sunday said that it has retired about Rs 24,000 crore expensive deposits to reduce cost and improve its bottomline. Pooh-poohing suggestions that it was under withdrawal pressur…

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he benchmark Sensex, on Monday, regained 10,000-points mark and surged by 544 points in early trade on heavy buying by funds as well as retailers, sparked by RBI’s announcement of fresh set of measures to infuse more liquidity into the financial system. The 30-share index, which gai…

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