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Interest rates unlikely to rise in FY10: Bankers
When Reserve Bank of India Governor D Subbarao meets top bankers in the customary pre-policy meeting on October 12, he can draw comfort from the fact that a majority of the bankers think interest rates may not be hiked till the end of the financial year.

IIMs see better summer
Companies like Goldman Sachs, HSBC, Nomura, Standard Chartered, JPMorgan and RBS flock the campuses Banking and finance companies, whose dismal performance in late 2008 caused panic among students and faculty members of the premier Indian Institutes of Management, are making up this year with better profiles and stipends.

News of the day

Tata Steel mulls rehab package for Corus staff
A senior official of Tata Steel on Wednesday indicated that the steel major might provide a rehabilitation package for the 1,700 workers slated to lose their jobs due to the partial mothballing of its subsidiary, Corus’ Teesside plant in Britain.
Corporate

Committee begins probe into IOC fire

A committee set by the Petroleum Ministry to probe into the causes of the devastating fire at the IOC depot near here began its inquiry today by visiting the site. - As good corp citizen, we didn"t react to ad campaign: RIL - Oil Min seeks expansion of legal team for gas dispute case - No govt approval to marketing margin on gas: PetroMin - Deora assures CAG access to contractors" books - PM asks OilMin, ONGC to re-examine Barmer refinery proposal - Petroleum Ministry rules out reducing ATF Sensex pares gains; Hindalco up 4% The committee members, accompanied by civil and police authorities, visited the site and surrounding fire affected areas, and talked to people to collect first hand information about the blaze that has been raging for five days now. The committee members include Executive Director of Oil Industry Safety Director (OISD) J P Verma and Rajasthan Petroleum Secretary Govind Sharma. The team has to submit the report within six weeks. Twelve people have been killed in the inferno which started when petrol was being transferred from the depot to a pipeline at the IOC depot in Sitapura industrial area.


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