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Popular Articles

Bond yields to remain high
The yield on government bonds may stay elevated next week on apprehension that Reserve Bank of India (RBI) may hike cash reserve ratio as a signal to manage inflationary expectations. http://smallpersonalloans.org.uk

Siemens softens despite bagging contract
Siemens closed at Rs 571, down by 2.5% or Rs 14 on the BSE. The stock opened at Rs 590 and touched a high of Rs 605 and a low of Rs 565 during the day. A total of 272,659 shares were traded on the BSE as against the 2-week average of 109,271 shares.

News of the day

TN Housing Board to take up projects worth Rs 1459cr
The Tamil Nadu Housing Board (TNHB) is planning to carry out projects worth Rs 1,459 crore in 2009-10. The state-run agency, which is promoting affordable housing and commercial properties, is also looking at developing some of its properties through public private partnership.
Public Relations

Michelin inks pact for factory in Chennai

France’s Michelin, the world’s second largest tyre manufacturer, signed a memorandum of understanding with the Tamil Nadu government on Monday to set up a factory near Chennai. The project would attract Rs 4,000 crore investment over the next seven years. - FIPB to consider Jet"s foreign fund raising plans - FIPB to consider Rs 547 cr FDI proposal of Teesta Urja - FIPB defers decision on United Breweries warrants proposal - Govt clears 22 FDI proposals worth Rs 541 cr - Govt clears 29 FDI proposals worth Rs 616 cr - Indian promoter-run firms gain most from new rules The tyre major got Foreign Investment Promotion Board clearance in July for establishing a wholly-owned subsidiary and planning a manufacturing facility, plus a nod for investing up to Rs 11,000 crore in the country.


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