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Re rides high on capital inflows
Portfolio flows are continuing their buoyant run in the new year. Investment by foreign institutional investors (FIIs) in the Indian capital markets – including debt and equity – have touched $2.6 billion so far in 2010.

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PNB to grant collateral free loans up to 1 cr
The Punjab National Bank (PNB) is mulling to provide financial assistance to Small and Medium Enterprises (SME) clusters across the country. The bank has decided to grant a collateral free loan of upto one crore rupees under the programme.

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US, Brazil eat into Indian share of oilmeal exports
Oilmeal exports from India are falling due to higher prices and low quality compared to those from the US, Brazil and Argentina, which are offering better quality of soybean and rapeseed at lower prices. Exports are expected to come down by 15-20 lakh tonnes during 2009-10.
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Storm brewing in Arabian sea; IMD sounds cyclone alert

The weather office today sounded a cyclone alert for the coastal regions of south Gujarat and north Maharashtra, where it is expected to make a landfall in the early hours of Thursday. - Vodafone, RIM launch BlackBerry Storm2 in 7 EU nations, SA - Agriculture credit offtake nosedives - Coast guard alert as intelligence cautions attacks via sea - After cyclone Aila, thunderstorm alert in W Bengal - Cyclone Aila kills at least 62 in Bangladesh - Bump the slump Weather scientists are tracking a deep depression formed in the Southeast and adjoining Central Arabian Sea, which is moving in the northwest direction and to hit south Gujarat. "The system is likely to intensify further into a cyclonic storm and move in a northerly direction for some more time and then north-northeastwards and cross south Gujarat and north Maharashtra coast between Mahuva and Dahanu by early hours of November 12," an alert issued by the India Meteorological Department (IMD) said. As a result of the deep depression, coastal parts of Karnataka, Goa and Maharashtra are expected to experience squally winds with speed of up to 75 km per hour over the next two days. Sea condition will be very rough over Lakshadweep area, along and off Kerala, Karnataka, Goa and Maharashtra coasts, it said adding that fishermen are advised not to venture out into the sea along and off these coasts. The weather system is expected to bring heavy rains over Konkan, Goa, central Maharashtra, coastal Karnataka, Kerala and Lakshadweep over the next two days.


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