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HDFC Bank Q3 net surges 32% to Rs 818cr
HDFC Bank, India"s second largest private sector bank today reported a surge of 32 per cent in net profit at Rs 818.50 crore during the third quarter ended December 31, 2009. http://smallpersonalloans.org.uk

Govt may defer stake sale fund
Facing a fiscal deficit of 6.8 per cent of Gross Domestic Product for the current financial year, the government is likely to delay for a year or two the National Investment Fund (NIF), a move that will enable it to keep disinvestment proceeds in the Consolidated Fund of India (CFI).

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RCom may sign Rs 200-cr mobile mail deal with Canadian firm
Reliance Communications (RCom) is believed to be in advanced talks with Canadian firm Iseemedia Inc for mobile mail gateway agreement that will provide email facilities to low-end handsets.
Small Business

UAW said to pick King as next leader of smaller union

United Auto Workers (UAW) President Ron Gettelfinger plans to anoint Bob King, head of negotiations with Ford Motor Co, to be the shrinking union’s next president, on December 16, said two people familiar with the matter. - Ford"s union workers said to reject givebacks US rivals got Gettelfinger and his administration caucus are to nominate King among a slate of prospective leaders, said the people, who asked not to be identified discussing internal union politics. Those endorsed by the caucus, the union’s dominant political party, are expected to be elected by delegates at the UAW constitutional convention next June. King, a journeyman electrician who also has a law degree, is set to inherit a union that has fallen to 431,000 members from a peak of 1.5 million in 1979. King is ascending to the union’s top job despite last month’s rejection of concessions by Ford’s 41,000 hourly workers. It was the second round of givebacks he negotiated this year with Ford, the only major US automaker to avoid bankruptcy.


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