Business News

Several people are happy with their current position because they are not being impacted by the situation affecting the economy. On one hand inflation has risen quite high and because of this interest rates are also on the upswing. Though the impact of this situation is different for borrowers and depositors, they have to take specific steps to protect their position.

UTI Asset Management Company has deferred its proposed initial public offering (IPO). Uncertain marketing conditions have forced the country's oldest mutual fund to postpone its public offer, nearly three months after it received Securities Exchange Board of India (SEBI) approval in April. The company will now be required to file a fresh prospectus with Sebi to float the IPO.

Citigroup, the largest shareholder in India's leading mortgage company HDFC, is exploring the option of selling its stake, The Times reported on Monday.

Many people are not clear about the effect a bear market can have on their investments. Every individual investor needs to be aware of the position and impact of a bear market so that he can take necessary action. The position of the market will also determine the purchase decisions along with the spread of investments over a period of time.

A lot of people who own shares have their wealth measured in terms of market capitalisation. Their net worth depends upon the share price of the company or companies in which they hold shares. This can make their worth fluctuate quite a bit in a short period of time.

You may soon be able to see who is calling you on your phone, and send SMS through your Direct to Home television channel using you remote control or make video calls with a phone that would run on a cheap Wi-Fi network, set up at home. According to Nortel Networks, the US-based makers of routers and modems, the technology could soon be part of your mobile phone package.

Most banks have either increased or are in the process of revising their floating rates for home loan borrowers. Chances are this may not be the last of hikes, according to top bankers.

The 3G revolution which enable video-conferencing and online trading on handsets is coming and the divide between corporate and personal lives is thinning -and there is a new war brewing slowly in the business of high-end phones that enable it all.

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The Japanese may be the pioneers in making hybrid cars but Korean auto major Hyundai Motor Corporation is planning to go full steam on developing its own hybrid technology. The company will start off first with hybrid variants of Accent, Sonata and Avante sedans and its research and development headquarter in India may soon be given the go ahead to develop similar technologies for smaller cars.

Indian carriers are feeling the effect of soaring oil prices. Hit by rising jet fuel costs, India's largest private carrier Jet Airways and its low-cost subsidiary JetLite have reported a combined loss of Rs 654 crore for the year ended March 31, 2008. The figures are not comparable with those of the previous year as JetLite (formerly Sahara Airlines) was acquired in April 2007.

A runaway price line, poor infrastructure and slow project implementation could upset India's growth applecart, a latest report by global research and securities firm Goldman Sachs has said.

DESPITE FEARS of an economic slowdown at home and a slump worldwide, the country's employers are looking for workers actively. India has topped a global employment outlook survey, powered mainly by service industries such as IT, realty and financial services.

Investors who bought shares of Sylph Technologies that zoomed 99,900 per cent in intra-day trade on Thursday found themselves trapped on Friday. They were unable to sell the stock on Friday as no single trade took place in Sylph Technologies counter.

The Government of Turkey has handed over a second airport in Istanbul to a consortium of led by Hyderabad-based GMR Infrastructure Limited for modernising and operating it for a 20-year period.

While Laxmi Niwas Mittal predictably remains at the top of The Sunday Times list of Britain's richest 1000 people for the fourth year running, a host of new, hitherto unknown Asian names - most of them Indians - have also made it to the rarefied list this year.

Missed out on the recent boom in real estate due to fund shortage? Now, a few thousand rupees will be all that takes to profit from getting a real estate exposure.

Stock market regulator Securities and Exchange Board of India is expected to simplify the guidelines for new fund offerings (NFOs) of mutual funds shortly.

When New York sneezes, London can catch a cold. Tremors of the sub-prime crisis triggered by home loans that went wrong in the United States as house prices crashed took away 1,300 jobs on Thursday in the British capital's 'City' – and by all accounts there were more wickets to fall among high-flying financial industry executives and workers.

Today is arguably the most important annual day for the information technology calendar. Infosys, the infotech bellwether that gives specific annual guidance, will set the bar for 2009.