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Base rate to replace BPLR
The Reserve Bank of India (RBI) committee on reviewing the benchmark prime lending rate (BPLR) has recommended that the nomenclature be scrapped and a new benchmark rate — known as base rate — should replace it.

A K Bhattacharya: Pranab's trump card
A K Bhattacharya / New Delhi November 4, 2009, 0:10 IST

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Gold snaps four-day gains, drops Rs 280
Gold prices fell by Rs 280 to Rs 18,270 per ten gram in the bullion market today on emergence of widespread selling by stockists in the face of a weakening global trend.
Management

Aban Offshore slumps 8% on sharp drop in net

Aban Offshore slumped over 8% to Rs 1,130 on the back of 65% decline in net profit. The stock opened at Rs 1,240, touched a high of Rs 1,294, and then tumbled to a low of Rs 1,059 following the weak numbers. Around 2.42 million shares changed hands at the counter on the BSE today.


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