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Scope for banks to reduce lending rates: Subbarao
Reserve Bank of India Governor D Subbaro today said there is scope for banks to lower lending rates further.

Frank Sieren & Andreas Sieren: A spark for growth
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News of the day

India open to free trade agreement with US
Prime Minister Manmohan Singh today said India is open to discussions on a free trade pact with the US on the lines of the agreement New Delhi already has with the 10-nation South East Asian bloc.
Small Business

LIC Housing Fin Q3 net up 14% to Rs 154 cr

LIC Housing Finance has posted a rise of 14.32 per cent in its net profit after tax at Rs 153.57 crore for the quarter ended December, 2009 compared with Rs 134.33 crore in the corresponding previous quarter. Its net sales during the period stood at Rs 833.61 crore against Rs 734.33 crore last year, up 13.52 per cent. - India Cements Q3 net dips 44% to Rs 35 cr - Zydus Wellness Q3 net up 105% to Rs 14 cr - HCL Tech Dec qtr net dips 36% to Rs 255 cr">HCL Tech Dec qtr net dips 36% to Rs 255 cr - Camlin Fine Chem Q3 net up 23% at Rs 3.15 cr - Harley-Davidson rides into red; posts $218.7 mn Q4 loss - Hind Zinc Q3 net soars threefold to Rs 1,149 cr The company’s total expenditure during the December quarter was at Rs 663.97 crore against Rs 584.45 crore, up 13.61 per cent. The earning per share (EPS) for December quarter stood at Rs 16.18 compared with Rs 15.82 last year. On the Bombay Stock Exchange, the company’s shares were trading at Rs 795.90, down 0.24 %, at IST 1402 on Monday.


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