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Sebi well within rights to act against RIL: MCA
The government has said that the Securities and Exchange Board of India (Sebi) was empowered to take action against Reliance Industries (RIL) if a probe established irregularities in share allotment by the company in 2000, and wanted to know what exactly the market regulator expected from it.

Toyota Kirloskar, SBI tie up for vehicle finance
Car maker Toyota Kirloskar Motor today said it has entered into a memorandum of understanding with the country"s largest lender, State Bank of India (SBI), for vehicle finance.

News of the day

PM offered all Central help to flood-hit AP: Rosaiah
Prime Minister Manmohan Singh has assured Andhra Pradesh of all help from the Centre to cope with the situation arising out of the massive floods in the state.

Telangana crisis puts India-Sri Lanka Vizag ODI in jeopardy.

The political crisis in Andhra Pradesh over the Telangana issue has hit cricket as well and the BCCI is planning to shift the second India-Sri Lanka one-dayer in Visakhapatnam to another venue due to security concerns. - Bandhs paralyse life in Andhra, R"seema regions - PM, Cong brass assure non-Telangana MPs - GJM demands Bill for Gorkhaland - No time-frame for moving resolution on Telangana: Rosaiah - NEWSALERT: PM assures nothing in haste on Telangana - 128 legislators resign over Telangana issue so far">128 legislators resign over Telangana issue so far Sources in the BCCI say the sale of tickets for the December 18 match has been put on hold for the time being. plumbing in toronto

Powerful, but pricey.

While the growth visibility is reasonably good, the offer leaves no meaningful gains for investors in the near-term. Sensex pares gains; Hindalco up 4% While the underlying risks of project execution (within stated time and costs) and operational parameters (given that all projects will use Chinese equipment) hover, the offer price isn’t cheap. Higher visibility Adani Power is a part of the Adani group, which already has two companies listed on the stock exchanges; Adani Enterprises and Mundra Port & Special Economic Zone (MPSEZL). Adani Power is in the power generation business, and has a project each under development in Mundra (Gujarat; four phases) and Tiroda (Maharashtra; two phases). For now, APL has just 330 mw of operational power generation capacity, which is a part of Mundra project’s Phase I & II and was commissioned in May 2009. waterproofing basement walls toronto

Shankar Acharya: A month to remember?

Shankar Acharya / New Delhi October 08, 2009, 0:59 IST Everybody remembers September 2008. And they will do so for many years to come. That was the month when the American financial system teetered on the brink of collapse, sending shock waves throughout the world economy and precipitating the Great Recession. However, if one were to look back 20 years from now, it may well be that September 2009 will loom even larger in the history books. At least, I offer that as a contrarian possibility. Here are six reasons why the month just passed may well turn out to be one to remember. Oil rises on bullish US manufacturing data First, September 2009 was the month when the weight of emerging data and its assessment by knowledgeable analysts coalesced in an almost universal judgment that the worst of the Great Recession was over and recovery had set in.

Inflation turns positive after three months.

Primary articles, especially food items, pushed the headline inflation rate, as measured by the wholesale price index (WPI), into positive territory at 0.12 per cent for the week ended September 5, after staying in the negative for 13 weeks. - Rajeev Malik: Wake up to shifting cross-currents">Rajeev Malik: Wake up to shifting cross-currents - Mobiles, digicams will now determine inflation - Abheek Barua: Rate hikes soon?">Abheek Barua: Rate hikes soon? - WPI inflation to turn positive after October: RBI - Retail price inflation in rural areas up 13% - Inflation up, but still in negative zone; food prices rise The inflation rate rose marginally from -0.12 per cent a week ago, and 12.42 per cent for the corresponding period in 2008.