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Finally, banks admit they will miss credit targets
Public sector banks have almost given up on meeting the 20 per cent credit growth target they had set at the start of the current financial year. And, unlike the past, they are now acknowledging about missing the target.

Sanjay Dalmia asked to appear before EOW
The Bombay High Court has asked Delhi-based businessman Sanjay Dalmia to appear before the Economic Offences Wing (EOW) in connection with a cheating case.

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Teri Inc
Environmental think tank Teri wants to commercialise its technologies. Here’s how.
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Markets extend losses

The Sensex is quoting at 16,633, down by 232 points and the Nifty is placed at 4,922, lower by 81 points. - Bharti Airtel leads combined value, volume chart - Sensex down in red; RCom drops 11% - Markets off highs - Markets open in the green - Market may open on a steady note - Sensex snaps three-day gains, down 268 points The major losers on the Sensex are Reliance Communications (slipped by 11.8% at Rs 264), Bharti Airtel (shed 11.8% at Rs 353), Tata Motors (lost 3.7% to Rs 540) and DLF (lower by 3.6% at Rs 407). Jaiprakash Associates, ACC and Wipro have lost between 2 and 3 per cent each. The leading Sensex gainers are ITC (stronger by 2.1% at Rs 243), Hindustan Unilever (firm by 2.1% at Rs 272) and Hindalco (up by 1.6% at Rs 120). Grasim and ONGC have gained up to 1% each. The major losers on the Nifty are Bharti Airtel (down by 12% at Rs 352), Reliance Communications (lower by 11.6% at Rs 264) and Idea (weak by 11.1% at Rs 62) The top Nifty gainers are Hindustan Lever (firmer by 2.4% at Rs 243), ITC (stronger by 1.9% at Rs 243) and Hindalco (stronger by 1.6% at Rs 120).


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