TNM

Colorado Polls: Obama Holds Respectable Lead Over McCain

The latest Obama vs McCain CO Polls show that Barack Obama is holding a respectable lead over John McCain.

Pictures of Earth clicked by Chandrayaan-1

Pictures of Earth clicked by Chandrayaan-1India's first unmanned moon mission, Chandrayaan-1 has been making headlines for past few days. And now, the spacecraft has flashed down two beautiful pictures of the Earth it took on 29th October. The Terrain Mapping Camera (TMC) installed on board the spacecraft clicked these pictures after it was switched on. The TMC took the first picture on 29th October at 8 a.m. from a height of 9,000 km, which displays the northern coast of Australia. The second picture shows the southern coast of Australia, which was taken at 12:30 p.m. from a height of 70,000 km.

NBFCs can raise funds abroad

Non-banking financial companies (NBFCs) can raise funds from overseas. They can borrow from foreign markets to meet their liabilities. It would help to refinance their short term business. The decision on NBFS is taken in the high level meeting of reserve bank on Friday.

The maximum borrowing limit would be either 50% of the firm's net owned funds or $10 million. The maximum duration for borrowing is fixed three years by the apex bank. It has asked all NBFCs to use foreign borrowings for short term liabilities instead of booking fresh assets. NBFCs are also required to fully swap borrowing into rupees for the entire maturity.

IA Polls: Obama Holds Big Lead Over McCain

According to the latest Obama vs McCain Iowa Polls, Barack Obama is holding a big lead over John McCain in the Hawkeye State.

Iowa was won by Democrats in 2000, but the state favored Republicans in 2004. Let’s check out what the latest McCain vs Obama Iowa Polls show.

Research 2000/KCCI-TV’s Obama vs McCain Iowa Poll, conducted from October 27 to October 29, shows Obama leading McCain by 14 % points — 53 % to 39 % among the likely voters of Iowa.

SurveyUSA’s Obama vs McCain IA Poll, conducted from October 28 to October 29, shows Obama leading McCain by 15 % points — 55 % to 40 % among the likely voters of Iowa.

Tata Motors net dips 34%

Tata Motors net dips 34% The net profit of Auto major Tata Motors declined 34 percent in the July-September period. Its net profit stands at Rs 346 crore which was Rs 526 crore last year. The company has to pay for high input cost, high interest rates and world financial crisis. The sale of auto major increased 7% to Rs 7029 crore in the same period. But its operating margin fell to 8.13% which was earlier 9.2%.

Cabinet gives nod to 49% FDI in insurance

The union government has approved the proposal to increase FDI limit in insurance sector to 49 percent. FDI limit in insurance sector is currently 26 percent. The government took decision on the matter in the recent meting of union cabinet. It would introduce a bill in parliament in the forthcoming session to effect this change. However, the bill is unlikely to pass due to lack of time and opposition of the communist parties.

Union finance minister, P Chidambaram said that the government would introduce Insurance (Amendment) Bill, 2008 to amend the Insurance Act 1938, General Insurance Business (Nationalization) Act, 1972 and Insurance Regulatory and Development Act, 1999. The government would introduce it in the upper house of parliament as it is not a money bill.

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