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LISTING / Firms face action if public stake falls below stipulated figure
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Centre makes 25 pc public holding must
The Finance Ministry, on Friday, proposed to make it mandatory for all companies listed on stock exchanges to ensure that their minimum public holding does not fall below 25 per cent of the equity.
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STRESS ON SOCIAL SECTORS
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Budget to don a benign face
The forthcoming general budget for 2008-09 while striving to achieve fiscal consolidation will focus on allocating more funds for social sectors, Finance Minister P Chidambaram indicated on Friday.
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Inflation spurts to a five-month high at 3.93 pc
Indias inflation unexpectedly accelerated to a five-month high, vindicating the Reserve Bank of Indias decision this week to refrain from cutting interest rates. |
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CORPORATE / Net income dips to $879 million
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Ericsson to axe 1,000 jobs
Ericsson AB, reported the biggest drop in profit since 2003 and said it will cut 1,000 jobs in Sweden to rein in costs. The fourth-quarter net income of the company fell to 5.64 billion kronor ($879 million), it said on Friday. |
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Exports log in 21.76% growth
Despite appreciating rupee having adverse effect on certain sectors of the countrys export basket, overall exports during first nine months of the current fiscal (April to December, 2007) posted an impressive 21.76 per cent growth. |
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Sebi cancels 36 brokers trading cards |
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More centres in ECS ambit |
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Intel and Micron unveil high-speed memory chip |
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Tepid response rips IPO prices |
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Sensex snaps losing streak as FIIs return |
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AT A GLANCE |
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The President of the women's wing of the Federation of Indian Chambers of Commerce and Industry (FICCI), the FICCI Ladies Organisation (FLO), Kiran Gera (L) with the leader of the Australian Women Business Leaders Delegation, Carla Zampatti during a Luncheon meeting in New Delhi on Friday. AFP
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| Market Notes |
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| Gold (Bangalore) (10gm) |
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12,096 |
| Silver (per kg) |
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23,000 |
| Gold (Mum)(10gm) |
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- |
| US dollar * |
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39.53 |
| Pound * |
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79.37 |
| Euro * |
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59.28 |
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| DH Forum |
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| A new haven for terrorists? |
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Is Karnataka becoming a new haven for terrorists, as in recent times, even smaller towns have been found harbouring those with terror links? Deccan Herald had invited readers’ opinion on the topic.
Majority of the readers opine that the state has the presence of terrorists and stressed the need for tightening security measures to prevent infiltration. Some even termed the state a haven for anti-national elements. |
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| Expertspeak |
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