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Credit the Swiss
Credit Suisse bonuses: Credit Suisse seems to think the best form of defence is attack. The banking industry is facing heavy criticism over bonuses. In response, the Swiss group is the first to set out the details of a new compensation structure, upholding a recent tradition of forward thinking on pay.

Cement despatch growth remains robust
The 224-million-tonne cement industry is yet again set to strike a growth of 10 per cent in June. If the initial numbers from the top cement makers are anything to go by, industry analysts said, the continuous robust growth will be maintained.

News of the day

Patnaik government faces illegal mining storm again
Five years after the Naveen Patnaik government was embarassed by the controversy over chromite mining at Tangarpada in Orissa"s Dhenkanal district, the government is now being pressured by opposition parties to order a CBI probe into "illegal" mining and mines lease to industrial houses and individuals.
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NEWSALERT: 'Major revamp in Air India's top management'

Major revamp in Air India"s top management in next 30 days, says Civil Aviation Minister Praful Patel. Some heads are going to roll, he said. Oil rises on bullish US manufacturing data Rupee gains 14 paise at 46.23/$ in early trade Asian markets erase partial gains Banks not ready to withdraw prepayment penalty on foreclosure Details Awaited


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