MARKETS / It's a dismal Dasara weekend on Dalal Street
With the bears in play bourses lose all lustre Sustained selling pressure, triggered by worries that official attempts to moderate FII inflows would see foreigners pull out of funds, have put paid to any hopes investors harboured of any possible market revival following renewed assurances from both Finance Minister P Chidambaram & Sebi Chairman M Damodaran.
RBI unlikely to soften the stance on monetary policy The Reserve Bank of India (RBI) may not go for softer monetary policy like lowering overall interest rate given the ongoing surge in global crude oil price.
Microsoft charts own M&A path Microsoft CEO Steve Ballmer, on Thursday, said the company aims to pursue an independent path, focusing on up to 20 smaller acquisitions of $50 million to $1 billion each annually rather than mega-deals.
Centre nod for 13 new SEZ plans The Board of Approval (BOA), on Friday, approved 13 proposals for setting up Special Economic Zones (SEZs) including one from Karnataka as well as the proposal of Information Technology (IT) major TCS to set up SEZs in IT sector.
India's Finance Minister Finance P. Chidambaram, right, seats with Iran's Central Bank Gov. Tahmaseb Mazaheri Khorzani, left, at the Group of 24 ministers meeting at the World Bank Group International Monetary Fund 2007 Annual Meetings in Washington, on Friday. AP Photo
Was President’s rule the best option in Karnataka? Or should the political parties continue to explore the possibility of forming another coalition government?
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