Oil rises slightly to $34 amid demand concerns

Oil rose back above $34 a barrel Friday in Asia after concerns about weakening US consumer demand sent crude near five-year lows overnight. Light, sweet crude for March delivery rose 60 cents to $34.58... Read more

News Print Agencies Gets Customs Duty Exemption

The government today announced special custom duty exemptions to the newspaper and magazine publishing industry in the country. These concessions have been announced in view of the current economic... Read more

Trouble ahead for India’s retail lenders

Hit by a liquidity squeeze, a battered stock market, and the recent travails of big institutions such as ICICI Bank Ltd, India’s banks are feeling the impact of the global financial meltdown. But... Read more

Ban on futures trading in some agri commodities

Chairman of the Forward Markets Commission, or FMC, B.C. Khatua says the ban on futures trading in some agri commodities is resulting in illegal or “dabba” trading, and that the current laws don’t... Read more

Australia’s Babcock and Brown to shut India ops in global revamp

The  local arm of Australia’s Babcock and Brown Ltd, Babcock and Brown India Pvt. Ltd is shutting its India operations as part of the parent’s global restructuring, a top executive said on condition... Read more

Company Review: Indian Hotels

The Indian tourism and hospitality industry exhibited weak signals in Q3’09, in accordance with our expectations. The recent terror attacks in Mumbai compounded the woes of the industry, which was already... Read more

Inflation drops to 4.39% from previous 5.07%

India’s wholesale price index rose 4.39% in the 12 months to 31 January, below the previous week’s annual rise of 5.07%, government data showed on Thursday. It was just below a median forecast in a... Read more

Economic slump hits Rs15,000 cr Dharavi redevelopment project

The economic slowdown and liquidity crunch has resulted in a significant change in the contours of some consortia bidding for the Rs15,000 crore redevelopment project of Dharavi, Mumbai, which is Asia’s... Read more

Negative FY08-09 EPS growth puts dividends at risk

The FY 1997-98 Asian financial crisis saw falling profit together with a lack of credit lead to a dividend cut of 20%. While deleveraging has led to healthy balance sheets for Asian corporates, given the... Read more

Banks’ increased institutional shareholding a concern

The increased institutional shareholding in India’s banking sector has evoked some concerns about the vulnerability of these shares to a sharp sell-off. Institutions have been accumulating banking shares... Read more

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