http://www.rediff.com/money/index.html India's largest news and entertainment service online. en-us Fri, 16 May 2008 13:48:00 GMT Copyright: (C) 2007 Rediff.com India Limited. All Rights Reserved. http://www.rediff.com/uim/red_log.gif http://www.rediff.com/ 144 28 Visit rediff.com http://www.rediff.com/rss/redirect.php?url=http://www.rediff.com/money/2008/may/16infla1.htm With inflation rising to 44-month high, Finance Minister P Chidambaram on Friday warned steel and cement manufacturers of administrative steps price cuts announced by them were not enough to cool prices. http://www.rediff.com/rss/redirect.php?url=http://www.rediff.com/money/2008/may/16bric.htm "There are multiple reasons for the current food crisis, primarily because of recent cyclones in Bangladesh and Myanmar, which destroyed the entire rice crops in these countries, also exporters of rice. Now they have to import rice instead of exporting it," External Affairs Minister Pranab Mukherjee said during the deliberations on the issue at the ministerial meet in Yekaterinburg (Russia). http://www.rediff.com/rss/redirect.php?url=http://www.rediff.com/money/2008/may/16perfin.htm Many a time, investors get carried away by the high returns offered by a particular offering. Out of sheer ignorance most investors do not bother to question the authenticity or the transparency of the examples/illustrations that have been used to project the high returns. http://www.rediff.com/rss/redirect.php?url=http://www.rediff.com/money/2008/may/16oil.htm India imports 73 per cent of its crude oil import needs and the cost of imports would spiral after crude inched closer to a record $125 per barrel, while rupee touched its 13-month low, official sources said. The basket of crude oil India imports was at $120.65 per barrel on Thursday, a 91 per cent jump over the last fiscal's lowest price of 62.91 dollars recorded on May 9, 2007, official sources said. http://www.rediff.com/rss/redirect.php?url=http://www.rediff.com/money/2008/may/16green.htm If we want to accelerate the recent trend of reducing waste, it may be time to consider the radical step of, well, relaxing more, consuming less, and living fuller lives. http://www.rediff.com/rss/redirect.php?url=http://www.rediff.com/money/2008/may/16sensex.htm Fresh buying in banking stocks helped the index rebound into the positive zone. The index touched a high of 17,497 - up 182 points from day's low. The Sensex finally ended with a gain of 81 points at 17,435. The NSE Nifty moved up 42 points to close at 5,158. http://www.rediff.com/rss/redirect.php?url=http://www.rediff.com/money/2008/may/16virtual.htm Poor bandwidth availability and last-mile connectivity might have slowed the use of unified communications as a technology, but now it's emerging as a strategic tool with corporations for employee retention and going green. Corporations are encouraging the use of UC, helping them to curtail business travel. This, they believe, results in lowering carbon dioxide emission into the atmosphere. http://www.rediff.com/rss/redirect.php?url=http://www.rediff.com/money/2008/may/16inno.htm Technology start-ups in India garnered an estimated $6-10 million in 2007, but most are struggling to break-even on their initial Reserach & Development investments. Does the problem lie with what are supposed to have developed as the seedbeds of innovation -India's universities? http://www.rediff.com/rss/redirect.php?url=http://www.rediff.com/money/2008/may/16icici.htm With ICICI Bank recently offering to reduce the equated monthly instalments of existing customers for high tenure loans, many may like to exercise this option because it would reduce their burden for the time being. Also, with the rise in the interest rates in the last couple of years, many have found their monthly EMIs rising by over 15 per cent. http://www.rediff.com/rss/redirect.php?url=http://www.rediff.com/money/2008/may/16sebi.htm In a rare order, the Securities Appellate Tribunal on Thursday asked the Securities and Exchange Board of India to bear the costs amounting to Rs 100,000 in a case involving Goldman Sachs. A division bench of Justice N K Sodhi, Arun Bhargava and Utpal Bhattacharya imposed the penalty on the capital market regulator and set aside the adjudication order of September 8, 2006.