Singapore: Oil prices regained from a 13-month low to rise above $80 a barrel Monday in Asia on expectations that a pledge by European countries to keep banks from collapsing may stabilise a tumultuous global financial system. Light, sweet crude for November delivery was up $2.76 to $80.46 a barrel. …
Mumbai: The Reserve Bank of India (RBI) on Monday directed banks to allow corporate clients to draw loans against sanctioned limits approved to them. In a notification posted on its Web site, the RBI said, in view of the current financial crisis, some banks have been averse to disbursing working capital and term loans to [...]
New Delhi: The government has set up a committee to look into the possibility of 2G-3G revenue split in view of finance ministrys opposition to it, saying it could create revenue losses. The Ministry of Finance was irked by the proposal of DoT to split 2G and 3G revenues, as the segregation of revenues, would [...]
New Delhi: Government is considering relaxing norms for foreign investment in sectors like banking and telecom. At present, there is a foreign investment cap in sectors like banking, credit information companies, broadcasting, commodity exchanges and telecom. But, with RBI allowing FIIs to acquire shares in companies under the portfolio investment scheme (PIS), the government is [...]
New Delhi: Domestic car sales jumped by 2.84 per cent in September to 1,08,823 units, from 1,05,822 units in the same month last year. According to the figures released by the Society of Indian Automobile Manufacturers (SIAM), motorcycle sales in the country during the month was up by 15.22 per cent at 6,32,369 units as [...]
Team India stayed well away from taking up the gauntlet thrown at them by the Australians, satisfied with eking out a draw in the first Test for the Border-Gavaskar Trophy. Set a target of 299 to be got from a possible 83 overs on the last day, India showed very early that…
It is one match Anil Kumble will want to forget in a hurry, we would like to think given that the India captain endured a miserable first Test against Australia. The 37 year-old finished wicketless for only the third time in his 131-Test career the first time on home soil and conceded 160 runs off [...]
Zaheer Khan might have just demolished the uneasy facade of calmness between fierce rivals India and Australia, saying that he was surprised with the defensive approach of the visitors in the drawn first Test. “I have not seen any Australian team playing so defensive…
Frustrated Australia captain Ricky Ponting took a swipe at India’s negativity after the first test ended in a draw yesterday.“We were the only ones in the game trying to take the game forward. We played aggressive cricket. I am not surprised by the way they played, the Indian…
Padmakar Shivalkar has been a fighter all his life. As a left arm spinner playing for Mumbai for nearly three decades, Shivalkar, year after year fought the emotions of being the best in the business but never representing the country. And nearly 20 years after…