http://www.rediff.com/money/index.html India's largest news and entertainment service online. en-us Mon, 13 Oct 2008 17:15:00 GMT Copyright: (C) 2008 Rediff.com India Limited. All Rights Reserved. http://www.rediff.com/uim/red_log.gif http://www.rediff.com/ 144 28 Visit rediff.com http://www.rediff.com/rss/redirect.php?url=http://www.rediff.com/money/2008/oct/13jet1.htm "Both the partners recognise economic realities and benefits of the alliance. It is a meeting of both mind and heart," Vijay Mallya told reporters in Mumbai after emerging from a meeting with Jet Airways chief Naresh Goyal. http://www.rediff.com/rss/redirect.php?url=http://www.rediff.com/money/2008/oct/13tata3.htm The Bench questioned the locus standi of APDR, which claimed itself to be an old human rights organisation of West Bengal, for taking up the cause of farmers whose land were acquired by the state government for Tata Motors' Nano project. The project last week moved to Gujarat due to political protests led by Trinamool Congress. http://www.rediff.com/rss/redirect.php?url=http://www.rediff.com/money/2008/oct/13reliance.htm UBS Investment Research in its latest report estimated that ONGC and GSPC may get at least $5.5 per million British thermal unit for natural gas they will pump out from their respective Krishna-Godavari basin blocks. RIL is to get a fixed price of $4.2 per mmBtu for gas it would produce from Dhirubhai-1 and 3 fields in KG-D6 block http://www.rediff.com/rss/redirect.php?url=http://www.rediff.com/money/2008/oct/13invest.htm At present, foreign direct investment and foreign institutional investments are added to determine sectoral foreign investment cap in banking, credit information companies, broadcasting, commodity exchanges and telecom. But, with RBI allowing FIIs to acquire shares in companies under the portfolio investment scheme, the government is now likely to mandate that sectoral caps would henceforth be for FDI investment only, official sources said. http://www.rediff.com/rss/redirect.php?url=http://www.rediff.com/money/2008/oct/13dvr.htm The digital video recorder, which allows viewers to record programmes in one channel while watching another and http://www.rediff.com/rss/redirect.php?url=http://www.rediff.com/money/2008/oct/13airtel.htm President, Telemedia Services, Bharti Airtel, Atul Bindal, said unlike DTH, IPTV services would be available only http://www.rediff.com/rss/redirect.php?url=http://www.rediff.com/money/2008/oct/13jet.htm Kingfisher chief Vijay Mallya walked into the corporate head office of Jet at S M Centre in Andheri to discuss the issues of common interest with Naresh Goyal, as both the airlines are losing an estimated up to Rs 20 crore a day. http://www.rediff.com/rss/redirect.php?url=http://www.rediff.com/money/2008/oct/13infla.htm Though on a downward curve, economists warn of inflationary pressures still existing in the system which might prevent the Reserve Bank from going in for rate cuts over the next three months. "The RBI is targeting an inflation level of 5-5.5 per cent. If, however, it continues to remain in double digits till January, then the tight monetary policy would continue," Crisil Director and Principal Economist D K Joshi said. http://www.rediff.com/rss/redirect.php?url=http://www.rediff.com/money/2008/oct/13ipo.htm The bullish trend in the capital market was see in the IPO volume of 2007, as a record volume of $8.18 billion was raised. However, rough market conditions have resulted in a negative return of about 42 per cent or a value erosion of $3.43 billion in absolute terms till October 10, according to a report of Nexgen Capitals, the merchant-banking arm of brokerage firm SMC Global Securities. http://www.rediff.com/rss/redirect.php?url=http://www.rediff.com/money/2008/oct/13bcrisis20.htm "We had projected an 8 % growth for the financial year 2009 and we maintain that. Though there has been a slated fall in the optimism level, the momentum of the first six months will see us through," Dun & Bradstreet India Chief Operating Officer Kaushal Sampat said. Adding that the current credit crunch and global financial turmoil will impact the growth to some extent, he said India has the capability as well as the momentum to tide over the crisis.