Wednesday, March 18, 2009

NEWS @ 18-03-2009

Chairman Ben S. Bernanke and Federal Reserve policy makers may have to ramp up their purchases of mortgage securities and other assets after the economy and job market deteriorated further ...

It’s become a drab affair. The bimonthly meeting of the US Federal Reserve’s Federal Open Market Committee’s (FOMC) this week attracts little attention ...

“We have loaned huge amounts of money to the United States, so of course, we have to be concerned.” ...

The World Bank lowered its growth forecast for China to 6.5 percent, reflecting the extent to which the global slowdown is hitting even that nation’s relatively well-insulated economy ...

India is likely to face a shortfall of between $150 billion and $190 billion in financing its infrastructure projects in the current Five-Year Plan period (2007-12) ...

India's growth is likely to slowdown to 6.25 per cent in 2008-09 on falling corporate investment and deteriorating global outlook, the International Monetary Fund has said ...

More than half of the companies across the world, including Indian firms, are likely to consider divestment of parts of their businesses ...

India's pharmaceutical market may grow 12-13 percent in 2009, according to provisional estimates by pharmaceutical research firm ORG IMS Research ...

Rise in NPLs are mainly due to retail slippage and smaller mortgages. Smaller housing finance companies are more vulnerable to rising NPLs ...

Net interest margins (NIMs), the difference between interest expenditure and interest earnings as a component of gross assets, was likely to be less than 2.5 per cent for the current quarter ...

The CA Institute President said that the RBI circulars on bad loan recognition and provisioning could distort bank balance sheets as on March 31 this year ...

The country's second largest state run lender, Punjab National Bank, has no immediate plans to further reduce lending rates ...

Reliance Industries Ltd  is looking at selling petrol and diesel from its twin refineries at Jamnagar in Gujarat directly to the United States of America, the world's largest fuel consumer ...

Reliance Industries Ltd plans to revive its Singapore trading desk, which saw the departure of trading head Michael Ng and his team last month, a company spokesman told Reuters on Wednesday ...

The National Thermal Power Corporation has given technical approval for the establishment of coal-based thermal power plant at Kudagi in Basavanabagewadi taluk of Bijapur district ...

Tata Motors, Ashok Leyland clash over JV
Strong differences have arisen between Tata Motors and Ashok Leyland, the two largest commercial vehicle makers, over a joint venture involving construction equipment and tractor manufacturer John Deere ...

Mahindra & Mahindra (M&M) Tuesday said it is looking to invest Rs 40 crore in a new defence-vehicle manufacturing plant in Haryana ...

Infosys BPO, has taken steps to reduce variable costs and accelerate staff redeployment by terminating the services of over 600 contract workers in February ...

Wipro Infotech, the India and Middle East arm of the $5 billion Wipro Limited, said it is betting big on the government and defence vertical in India ...

As sales slow, India’s biggest listed retail chains, are struggling with rising debt and interest costs. Their problems are likely to mirror those of several other companies in the business ...

India may ask mills to increase domestic sales as it seeks to cool prices that have climbed to a three-year high amid declining production ...

Gold is approaching an inflection point that could be good for gold owners and it could be good for gold traders, too! ...

Gold is on the move. As the price threatens to push permanently above $1000 per ounce, it raises questions about gold becoming such a hot commodity and whether it truly is a safe harbor ...

We must remember that success in trading and investing often requires a counterintuitive approach. The markets often go the opposite way they should ...

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