Following are the links to the ten most read stories on the Business Standard website in the last seven days:-
Editorial: Obama's to lose
It is hard to believe, after the past couple of weeks, that John McCain’s chances of becoming the next president of the United States are anything but slim. He has given enough evidence to suggest that he is a bit of a loose cannon, unpredictable and rash in the way he takes major decisions and indeed in the kind of decisions he takes. And that should be unthinkable for most people when you consider a suitable candidate who can lead the world’s only super-power...More
UK arm not into subprime credit: ICICI
The country’s largest private lender, ICICI Bank, On Monday said that 98 per cent of its UK arm’s non-India investment book is rated investment grade and above. The bank’s share on Monday fell to a two-year low on the domestic bourses even while other front-line lenders including HDFC Bank and the State Bank of India were trading over 30 per cent above their yearly lows...More
Axe falls on short-term loans
The tight liquidity conditions have kept some banks from rolling over existing short-term loans to companies, especially public sector undertakings, once these loans mature...More
Nano will cost Bengal hundreds of crores a year
Sources in the West Bengal government’s finance department said the state had made budgetary provisions that would run into several hundred crores every year for 20 to 30 years to attract Tata Motors’ Nano project to Singur...More
Data theft more common in India, China
Enterprises in emerging countries including China, India and Brazil - where IT adoption is at a nascent stage - are more prone to loss of company data and other sensitive information due to flouting of company rules by employees...More
The Wall Street effect
While the US government is trying to push through a $700 billion bailout package, the fallout of the collapse of marquee names in the US financial services sector spells trouble for the export-dependent Indian software sector...More
FCCB redemptions put India Inc in a Catch 22 situation
Indian companies that raised large sums of foreign funds to finance growth and acquisition plans during the bull run in the stock markets are in a Catch 22 situation. The conversion price of their foreign currency convertible bonds is several times higher than their current market prices...More
Delhi airport shuts brand new runway
Four days after it was opened, the third runway at the Delhi airport was closed today after some crucial equipment stopped functioning. Operations had already got restricted to daytime after the runway lights failed over the weekend, rendering it unusable at night...More
Cash crunch hits market
Last Thursday’s expiry of the monthly contract saw the cost-of-carry for stock market traders shoot up to 18-24 per cent in many counters...More
RIL offers to sell diesel in domestic market
Reliance Industries Ltd (RIL) chairman Mukesh Ambani today met Petroleum Secretary RS Pandey and offered to sell diesel from the company’s refinery in India if the government removes double taxation of the fuel...More