CRR cut will infuse solvency: Experts - Moneycontrol.com | Infosys not to raise bid price for Axon - Hindu | Sensex pares some losses as RBI cuts CRR - NDTV.com | India advocates Asian alternative for market regulation - Press Trust of India | Tata Power to hike stake in Indonesian Bumi; stk down - Moneycontrol.com | Take informed decisions, don't act in haste: FM to investor - Moneycontrol.com | Oil Set for Biggest Weekly Drop Since 2004 on Commodity Slump - Bloomberg | Exporters not to gain from rupee depreciation soon - Moneycontrol.com

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CRR cut will infuse solvency: Experts - Moneycontrol.com

Sify	Moneycontrol.com - Reacting to Reserve Bank of India ’s announcement to cut the cash reserve ratio by 150 basis points this morning, experts said that the cut will help infuse liquidity into the cash-starved markets. - - -

Infosys not to raise bid price for Axon - Hindu

India Journal

Hindu - Mumbai (PTI): Infosys on Friday said it would not raise the bid price of 600 pence a share for UK-based Axon, a move which rules it out from the race to acquire the SAP firm. - - -

Sensex pares some losses as RBI cuts CRR - NDTV.com

Sify	NDTV.com - Indian markets recovered partly from the early lows after the Reserve Bank of India cut the cash reserve ratio by an unprecedented 150 basis points. - - -

India advocates Asian alternative for market regulation - Press Trust of India

Press Trust of India - Singapore, Oct 10 (PTI) India today advocated the need for an "Asian imprint" for governance and regulation of markets as an alternative to capitalism and socialism to tackle the crisis arising out of the global financial turmoil. - - -

Tata Power to hike stake in Indonesian Bumi; stk down - Moneycontrol.com

Moneycontrol.com - At 11:22 am, Tata Power Company was quoting at Rs 762, down Rs 42.6, or 5.29%. It has touched an intraday high of Rs 790 and an intraday low of Rs 699.

Take informed decisions, don't act in haste: FM to investor - Moneycontrol.com

Sify	Moneycontrol.com - Speaking after addressing a special Cabinet meeting, Finance Minister P Chidambaram said US, and European countries are facing severe financial crisis. - - -

Oil Set for Biggest Weekly Drop Since 2004 on Commodity Slump - Bloomberg

Washington Post

Bloomberg - By Nesa Subrahmaniyan and Christian Schmollinger Oct. 10 (Bloomberg) -- Crude oil tumbled more than $4 a barrel and headed for its biggest weekly decline since December 2004, pacing a slump in commodities on concern the deepening financial crisis will ... - - -

Exporters not to gain from rupee depreciation soon - Moneycontrol.com

Moneycontrol.com - The rupee has depreciated to nearly 48 to a dollar but garment exporters will have to wait for some more time to enjoy windfall gains.

RBI pumps in Rs 60000 crore - Business Standard

AFP	Business Standard - Factoring in the efforts to control the global financial crisis, the Reserve Bank of India (RBI) today announced an additional 100 basis point reduction in the cash reserve ratio (CRR), or the proportion of deposits that banks set aside, to inject more ... - - -

'We have enough liquidity to tide over the situation' - Business Standard

Business Standard

Business Standard - ICICI Bank Joint Managing Director Chanda Kochhar said today that the country’s second largest lender has adequate rupee liquidity to tide over the current tightness in the market. - - -

Ally on board, Bengal gives go-ahead to German firm - Indian Express

Indian Express - KOLKATA, OCTOBER 10 German wholesale major Metro Cash & Carry was finally given a fresh trade licence on Friday by the Forward Bloc-controlled Agriculture Marketing Board of the West Bengal Government.

FY09 EPS seen at Rs 101.06: Infosys - Moneycontrol.com

Moneycontrol.com - Infosys Technologies has announced its second quarter numbers. It has posted 10% jump in net profit of Rs 1432 crore for the second quarter of FY09 as against Rs 1302 crore in previous quarter. -

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