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Auto, home loans see revival: Kamath
Credit demand from consumers seemed to be back on track, especially in sectors such as auto and home loans though banks had cut down unsecured loan exposures, said KV Kamath, chairman of ICICI Bank. http://smallpersonalloans.org.uk

Areva T&D: No pricing power
The Areva T&D stock has given up about 21 per cent since the start of July. The very average results for the June 2009 quarter have left the Street disappointed. The fact that the global transmission and distribution (T&D) business has been put on the block hasn’t helped.

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DRDO lab, Navy to dev Kaveri marine engine
Gas Turbine Research Establishment is looking to develop a marine version of Kaveri engine, originally intended to power India"s indigenous fighter jet Tejas Light Combat Aircraft, in partnership with the Navy.
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Will not feel bad if denied a Cabinet berth: Lalu

With Congress reluctant to accommodate him in the new government, RJD chief Lalu Prasad today appeared resigned to his fate, saying he would not feel bad if he doesn"t get a Cabinet berth. - Congress blames BSP for damaging chances to get more seats - RJD, LJP kept out of UPA"s first meeting - Congress could have fared much better in MP - Congress downplays demand for CMP for UPA - Congress success revives party in UP - LF gets six per cent less votes in WB Kolkata "Those who bring power to Delhi are worshipped. I did not get that power," Prasad, who was the Railway Minister in the previous UPA government, said referring to the drubbing the party received in the Lok Sabha polls in Bihar winning only four out of 40 seats. "I would not feel bad if I am not offered a berth in the Cabinet," he told CNN-IBN. The RJD chief said he has pledged unconditional support to the Congress-led UPA government and has no qualms about not being part of the new government. Asked about the future of the Fourth Front comprising RJD, LJP and Samajwadi Party, Prasad claimed that such a Front did not exist at all. "There was no Fourth Front. We had an understanding with our alliance partners," he said. To a question, he said he shared good relationship with Congress president Sonia Gandhi"s family and would not like to say a single word against them.


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