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After Mohan's exit, Subbarao to handle monetary policy Dept
With two Deputy Governor posts falling vacant, the Reserve Bank has reallocated portfolios and Governor D Subbarao would handle the monetary policy department directly.

Devangshu Datta: When Obama bows right
North Indians travelling south of the Vindhyas experience disconnect in terms of body-language versus verbalisation. “Yes” in those parts is emphasised with a side-to-side shake of the head. That gesture means “no” in most other places. Foreigners visiting India are often equally foxed by namaskars. Putting palms together is common to many forms of prayer and not employed much as a peer-to-peer greeting outside India.

News of the day

NComputing to double deployments in India this year
US-based provider of low-cost shared computing technology NComputing Inc is aiming at doubling its deployments in India to 400,000 by the end of the calendar 2009.
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Bajaj Electricals Q1 net up 64% at Rs 16 cr

A better product mix, easing of cost pressures and better procurement helped consumer electronics and lightings manufacturer, Bajaj Electricals register a consolidated net profit increase of 64 per cent per cent for the quarter ended June 30, 2009, to Rs 16.4 crore, compared with Rs 10 crore in the corresponding quarter of the previous financial year. - Philips plans buyback at Rs 242 a share">Philips plans buyback at Rs 242 a share - Bajaj Elec aiming for over Rs 2,000-cr turnover in FY 10 - Bajaj Electricals says interested in acquisitions - Bajaj Electricals cancels stock options - Samsung eyes $2 bn sales in India this year - Philips' new 'space age' The revenue for the first quarter also increased by 15 per cent to Rs 365 crore, as compared with Rs 318 crore in the corresponding quarter of the previous financial year. Shekhar Bajaj, CMD said that, “The profitability performance in the face of fairly tough demand conditions is very heartening. I hope that the improved margins will continue in future also which will result in improved profits compared to last year.”


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