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Popular Articles

Godrej may buy some Sara Lee International assets
Godrej Consumer Products Ltd, India’s second-biggest soap maker, may acquire some of Sara Lee Corp’s international businesses, including the US company’s stake in its Indian joint venture.

Nifty may see a gap-down opening
The Nifty moved in a narrow range of 5,040-5,090 on Thursday and closed in a Doji pattern, which points to a lack of direction for the market. Domestic markets were closed on Friday on the occasion of Gandhi Jayanti. In the backdrop of the US and European stocks witnessing an over two per cent correction in the last two days, the Nifty is likely to open gap down on Monday.

News of the day

Tatas to promote IT SEZ in Chennai
Tata Realty and Infrastructure Ltd (TRIL), a 100 per cent subsidiary of Tata Sons Ltd, will invest Rs 3,500 crore in setting up an information technology (IT) Special Economic Zone (SEZ) at Taramani, Chennai. The project will have both commercial and residential projects.
Public Company

India cuts down US lobbying expenses, Pakistan ups

Having spent thousands of dollars for many quarters lobbying on bilateral ties and for the nuclear deal with the US, India cut down on these expenses in the last quarter, even as neighbour Pakistan paid a higher quarterly bill for canvassing support for it in America. - Will correct trade imbalance: Wen to PM - Barack Obama considers India and Manmohan Singh "part of his family" - PM takes wings - China assures India to correct trade imbalance - Singh, Wen agree to strengthen India-Sino ties - PM arrives in Thailand for Asean summit The Indian government paid a total of $140,000 to high- profile lobbyist firm BGR during the July-September quarter this year to push forward its case in the US Congress and various government departments on the two countries" bilateral relationship and issues related to civil nuclear agreement. This is down from $180,000 paid in each of the past two quarters for lobbying on the same issues, according to lobbying disclosure reports filed with the US Senate. In comparison, Pakistan"s lobbying expenses here rose to $410,000 in the third quarter, from $230, 000 in the second.


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