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Gold trades near trough on dollar gain speculation
Gold traded near the lowest this month on speculation that the dollar will continue to advance on data pointing to a recovery in the US jobs market.

Govt proposes to compensate 50% of CST losses to states
With the economic slowdown hitting the exchequer hard, the Centre today proposed that the states accept half of the compensation on account of their losses due to cut in the Central Sales Tax (CST) for the current fiscal.

News of the day

Pension regulator seeks funds from Finance Ministry
The interim pension regulator, Pension Fund Regulatory and Development Authority (PFRDA), today said it has sought funds from the Finance Ministry for spreading awareness about retirement savings and a provision for the same is expected in the upcoming Budget.
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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