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Maruti cashes its chips with some care, to analysts' approval
Maruti Suzuki, the country’s largest manufacturer of cars, is also quite cash-healthy, markedly so in comparison to many of its competitors.

Arvind Subramanian: Coordinate capital controls
Arvind Subramanian / New Delhi November 25, 2009, 0:54 IST

News of the day

Natural rubber prices to rise further on low output
The natural rubber (NR) market, which today quoted Rs 102 a kg for RSS-4 grade, is poised for further appreciation in prices as domestic production is projected to be lower this year. At the current level of production, the annual output is expected to fall by 10 per cent. The trend during April-July indicates that the overall production is likely to be lower this time which clearly favours the appreciation in prices.
Corporate

Dhanalakshmi Bank raises Rs 150 crore

Dhanalakshmi Bank today said it has raised Rs 150 crore by selling bonds to investors on a private placement basis. - OBC to open over 100 new branches by fiscal-end - City Union Bank to raise Rs 300cr - Axis Bank announces Somnath Sengupta as ED, CFO - Banks wash off hands of delayed, faulty mobile, email alerts - India owes $82.5 billion to foreigners: RBI - Banking sector tops m-cap rankings The bonds carry a rate of 10.30 per cent and have a tenure of five years and seven months. The interest payment will be on annual basis and the due date for the same would be September 30 every year, it said. UTI Technologies Services has been appointed as registrar and transfer agents and Axis Trustee Services Ltd as trustees.


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