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Capital inflows lessen external sector blues
BS Reporter / Mumbai October 27, 2009, 22:21 IST

Subir Roy: Sound the food alarm
Pulses getting dangerously close to Rs 100 per kilo, potatoes in West Bengal (a traditional exporter) crossing Rs 20 a kilo, make real the food price inflation that statisticians’ numbers signal. Inflation in primary food articles is currently running at over 13 per cent. Dun and Bradstreet forecasts that overall inflation will touch 6 per cent by the end of the current fiscal, fuelled by, among others, current high food prices and the impact of the drought. The 20 per cent deficit in the monsoon is slated to bring down kharif output by 15-20 per cent. The news couldn’t get worse.

News of the day

OBC seeks Rs 1,000 crore support from govt: CMD
Claiming that the Oriental Bank of Commerce (OBC) was in its expansion mode and would open at least 200 new branches every year in the next three fiscals, Chairman-cum-Managing Director of the Bank T Y Prabhu said the bank had sought capital support of Rs 1,000 crore from the government to implement its expansion plan.
International Business

Unity Infra PAT rises 22% at Rs 18 cr

Mumbai-based Unity Infrastructure posted a 22 per cent jump in its profit after tax (PAT) at Rs 18.75 crore for the September quarter of financial year 2010 as compared to Rs 15.4 crore it posted in the second quarter of last financial year. - Unity Infraprojects bags Rs 54.56 cr order - Unity Infraprojects gets shareholder nod for raising Rs 250 cr - Unity Infraprojects bags orders worth Rs 620.76 cr - Unity Infra to raise Rs 250 cr via QIP; Q4 net at Rs 21 cr - Lenders decline seat on Maytas Infra board - Andhra Bank profit jumps 70% to Rs 274 cr Its total income also rose 33 per cent at Rs 307.26 crore for the second quarter of FY10 as compared to Rs 231.9 crore it posted in the corresponding quarter of last financial year.


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