Minimum support prices for pulses, wheat raised

NEW DELHI – The government Wednesday raised the minimum support prices (MSP) of gram and masur dal by Rs.340 and Rs.389 a quintal respectively and that of wheat by Rs.20.

The decision to raise the MSP of various Rabi crops was taken at a meeting of the Cabinet Committee on Economic Affairs (CCEA) chaired by …. Source article on Gaea Times at  : Minimum support prices for pulses, wheat raised.

Himachal’s Kinnaur weavers to benefit from trademark

SHIMLA – With the Kinnauri shawls receiving the prestigious Geographical Indications (GI) tag, over 1,000 weavers involved in the creation of the iconic shawls stand to gain the most.

“The registration will now check unauthorised production and misuse of its name. Only weavers registered with the Kinnaur Handloom Weavers Association (of Kalpa) can sell the …. Read the original article  : here.

RBI Reference Rate for US $ and Euro

The Reserve Bank of India’s Reference Rate for the US dollar is ` 44.29 and the Reference Rate for Euro is ` 61.05 on October 20, 2010. The corresponding rates for the previous day (October 19, 2010) were ` 44.46 and ` 61.85 respectively. Based on the Reference Rate for US …. Source  : RBI Reference Rate for US $ and Euro.

A car that runs on land, sea or in air

LONDON – It is a car that could come straight out of a James Bond movie, changing into a speedboat, helicopter or jet whenever the respective mode of transport is required. The Halo Interceptor could be the solution to all your transport problems, provide you have the necessary cash of course.

British designer Phil Pauley … Read more >>.

HCL Q1 net profit falls 35 percent

NEW DELHI – HCL Technologies Wednesday reported a 35.2 percent fall in net profit at Rs.194.88 million for the first quarter ended Sep 30 as against Rs.300.75 million in the corresponding period last fiscal.

The total income of the company stood at Rs.1,540.34 million, compared to Rs.1,295 million from a year ago.
“HCL … Read more >>.

Oberoi Realty Off To A Good Start

MUMBAI, INDIA (Gaea Times.com) Mumbai based Oberoi Realty started trading on the stock exchange today against an issue price of Rs. 260. The company has got off to a good start on the bourses and has reportedly registered a rise of 7.69 percent to trade at Rs. 280 on the Bombay Stock Exchange or … Read more : Oberoi Realty Off To A Good Start.

Liquidity Adjustment Facility : Auction Results

The results of the RBI Repo/Reverse Repo auctions held on October 20, 2010 are :

Amount  (face value in ` crore)                            

Item

1 day Reverse Repo Auction (Sale of securities by RBI)

1 day Repo Auction 
(Purchase … Original article on : Liquidity Adjustment Facility : Auction Results.

Certificate of Registration – Cancelled

The Reserve Bank of India has cancelled the certificates of registration granted to the following companies, having their registered offices at the address shown against them, for carrying on the business of a non-banking financial institution. Following cancellation of the registration certificate the companies cannot transact the business of a non-banking …. Read the original article  : Certificate of Registration – Cancelled.

Sensex dips in noon trade

MUMBAI – A benchmark index of Indian equities Wednesday slipped in noon trade tracking other Asian markets, which were trading lower after China raised key interest rates.

The 30-share sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 19,924.02 points, was ruling at 19,875.16 points, 107.97 points or 0.54 percent down from …. Source  : Sensex dips in noon trade.

Underwriting Auctions for Government Securities

The Government of India have announced the sale (reissue) of “7.99 per cent Government Stock 2017” for a notified amount of ` 4,000 crore (nominal), "8.08 per cent Government Stock 2022" for a notified amount of ` 5,000 crore (nominal) and "8.30 per cent Government Stock 2040” for …. Original article on Gaea Times at  : Underwriting Auctions for Government Securities.

Protests over pension reform cripple life in France

PARIS – The protests by French labour unions against President Nocolas Sarkozy’s pension overhaul plan entered its second week Wednesday, thwarting fuel and other supplies and disrupting normal life across the country.

Sarkozy has proposed increasing the standard, minimum retirement age to 62 years, from a current level of 60, in order to bridge a … Read more »»».

Harley-Davidson posts Q3 profits, but sales drop

NEW YORK – Harley-Davidson Inc Tuesday said its third-quarter profits more than doubled, led by the improved performance of its financial services unit, but reported a drop in worldwide sales.

The largest US motorcycle maker said its net income climbed to $88.8 million from $26.5 million a year earlier. While revenue dropped 1.9 percent to …. Source article  : Harley-Davidson posts Q3 profits, but sales drop.

Sensex pares early losses

MUMBAI – A benchmark index of Indian equities Wednesday moved up from opening lows, but was ruling flat about 30 minutes into trade.

The 30-share sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 19,924.02 points, was ruling at 19,985 points, almost unchanged from its previous close at 19,983.13 points.
At the …. Source  : Gaea News Network.

Britain to cut 500,000 public sector jobs

LONDON – Nearly half a million public sector workers in Britain are to lose their jobs as the government plans to reduce more than 80 billion pounds in public spending in the next four years, the biggest cut since the Second World War.

Danny Alexander, chief secretary to the Treasury, unwittingly disclosed the full scale …. Source  : Britain to cut 500,000 public sector jobs.

Money Market Operations as on October 19, 2010

…. Original article  : Money Market Operations as on October 19, 2010.

US stocks drop on China interest rates, earnings’ reports

NEW YORK – US stocks fell sharply Tuesday amid mixed corporate earnings and as China raised interest rates for the first time since 2007.

China’s central bank, the People’s Bank of China, announced a rise in its benchmark interest rates by 0.25 percentage points. It said its one-year deposit rate would rise to 2.50 percent … Read more »»».

Yahoo’s earnings rise in third quarter

SAN FRANCISCO – Yahoo posted a 113-percent rise in third quarter earnings Tuesday, but investors were still disappointed by the struggling web pioneer’s failure to meet its sales forecast.

The web portal, which again has been subject to speculation about a sale in recent days, said its income more than doubled to $396 million from … Read more : Yahoo’s earnings rise in third quarter.

US Treasury to sell 1.5 bn Citigroup shares

NEW YORK – The US Treasury Department Tuesday announced plans to sell 1.5 billion shares of Citigroup common stock as it seeks to reduce its stake in the banking giant.
This is the fourth round of government sales of Citigroup shares and will be conducted by Morgan Stanley, who will have “discretionary authority to … Read the original article on Gaea Times at : US Treasury to sell 1.5 bn Citigroup shares.

DTC earned Rs.60 crore extra during CWG

NEW DELHI – The Delhi Transport Corporation (DTC) earned an additional revenue of Rs.60 crore during the Commonwealth Games by providing its services to the Games Organising Committee and other agencies, an official said.
Delhi Transport Minister Arvinder Singh Lovely congratulated the DTC employees for their dedicated service during the Games and announced a …. Source  : DTC earned Rs.60 crore extra during CWG.

UN agency to partner in Vibrant Gujarat 2011 Summit

AHMEDABAD – The United Nations Industrial Development Organization (UNIDO) has accepted an invitation from the Gujarat government to be a ‘partner organisation’ in the Vibrant Gujarat 2011 Summit.
UNIDO is the specialised agency of the United Nations that promotes accelerated industrial growth in developing nations and countries with economies in transition.
It is … Original source on Gaea Times at : UN agency to partner in Vibrant Gujarat 2011 Summit.