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BU under Rs 6 crore-deficit BANGALORE: Unveiling its budget for 2009-10, the Bangalore University(BU) has revealed that it is facing a budget deficit of Rs 6 crore for the upcoming financial year. As per budget estimates released on Monday at the Academic Council meeting, expenditure was...

Rs 33K cr MSS cash not to be converted: RBI Mumbai: The Reserve Bank of India, has now decided not to transfer the balance amount of Rs 33,000 crore from the MSS cash account to the normal cash account of the Government of India in the current fiscal year in view of its comfortable cash...

Gloomy IPO mkt wipes out 70 pc of merchant bankers' fee NEW DELHI: Merchant bankers have been hit hard by the fall in activities in the Initial Public Offering market, coupled with the downslide in the BSE Pick stocks on fundamentals Fiscal & revenue deficit Short-term plans are safe bets Five...

Job crisis to be prolonged & severe than expected: ILO NEW DELHI: Even as the Centre continues to maintain officially that only about half a million jobs were cut in reaction to the economic downturn since September last year and sections of the government continue to assert that jobs...

India Inc stops fresh recruitments: Assocham NEW DELHI: Indian corporates have virtually stopped fresh recruitments to cut costs in the wake of global credit crunch, says a study by industry body assocham Out of 150 Human Resource professionals interviewed, 90 per cent said that "there is a...

LSE in talks to buy MCX-SX stake: Report MUMBAI: The London Stock Exchange is in talks to buy a stake in new Indian stock exchange MCX-SX, a daily newspaper reported on Monday. The newspaper said a spokesman for the LSE would not comment on the discussions, but told the paper: "We have a...

FIIs take home Rs 48k cr in ’08-09 Fiscal 2008-09 , which ended on Tuesday, saw FIIs taking out a whopping Rs 47,706 crore from the Indian stock market - that's around 90% of the Rs 53,000 plus crore invested by them in fiscal 2007-08 . if u ar thinking its april fools joke --then its no.

Gloomy IPO mkt wipes out 70 pc of merchant bankers' fee NEW DELHI: Merchant bankers have been hit hard by the fall in activities in the Initial Public Offering market, coupled with the downslide in the BSE Pick stocks on fundamentals Fiscal & revenue deficit Short-term plans are safe bets Five...

ONGC to come out with IPO for its $2.5 bn plant NEW DELHI: ONGC will come out with an initial public offer of its unit that is building a petrochemical plant at Dahej in 2011-12. "We would look for an IPO closer to the completion of the $2.5 billion project ... We do not need funds for next...

Gloomy IPO mkt wipes out 70 pc of merchant bankers' fee NEW DELHI: Merchant bankers have been hit hard by the fall in activities in the Initial Public Offering market, coupled with the downslide in the BSE Pick stocks on fundamentals Fiscal & revenue deficit Short-term plans are safe bets Five...

Bond yields drop; auction watched MUMBAI: Govt bond yields fell for a second session on Thursday, helped by the central bank's decision to buy back or unwind the remaining 330 billion rupees ($6.5 billion) of intervention bond funds in 2009/10 fiscal year. The central bank said on Tuesday it...

Realignment of NSE indices to widen index funds' tracking errors MUMBAI: The proposal to realign NSE indices on the basis of free-float market capitalisation will put index funds and exchange-traded funds in a spot of bother. According to mutual fund analysts, the exchange-proposed changes in...

RCom appoints Sanjay Behl as CEO for firm's DTH, IPTV ops MUMBAI: Anil Ambani-led Reliance Communications said it has appointed Sanjay Behl as the Chief Executive Officer for the company's DTH and IPTV operations. Behl was elevated from the post of Group Head, Brand and Marketing Operations...

Annual inflation at 0.31 pc on Mar 21: Government NEW DELHI: Wholesale price index rose 0.31 per cent in the 12 months to March 21, marginally above the previous week's annual rise of 0.27 per cent, government data showed on Thursday. It was above a median forecast of 0.18 per cent in a poll...

U.S. starts UBS tax fraud cases (Reuters) - The U.S. Justice Department has opened about 100 criminal investigations into wealthy American clients of the Swiss bank UBS AG (UBSN.VX) (UBS.N), the New York Times said, citing a person briefed on the matter. Several accounts under scrutiny have...

U.S. seen facing danger of 2nd recession next year NEW YORK (Reuters) - Although the U.S. economy is expected return to growth later this year, there is a danger of a second recession if monetary easing and a weak dollar leads to increased inflation expectations, a report said on Wednesday...

Russia WTO bid still faces big U.S. obstacles WASHINGTON (Reuters) - Russia still faces a tough road to join the World Trade Organization despite a push on Wednesday from U.S. President Barack Obama and Russian President Dmitry Medvedev. "From the business community perspective, everybody...

India, Britain see progress at G20 in tackling tax havens ‎ London (IANS): India and Britain see progress at the G20 in addressing the lack of transparency among tax havens that hide behind strict secrecy laws in their banking system to protect people who park their funds with them. The Hindu...

India, Britain see progress at G20 in tackling tax havens ‎ London (IANS): India and Britain see progress at the G20 in addressing the lack of transparency among tax havens that hide behind strict secrecy laws in their banking system to protect people who park their funds with them. The Hindu...

Sanjay Dutt appointed Samajwadi Party general secy ‎ Despite the Supreme Court barring Bollywood actor Sanjay Dutt from contesting the Lok Sabha elections this year, the Samajwadi Party has gone ahead and appointed him the party national general secretary. Sanjay Dutt appointed Samajwadi Party...