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FII-TO-FII TRADES: PNB traded at 6% premium
Trades between FIIs generated a volume of Rs 57 crore on the BSE Tuesday-an decrease of 13.67% from Rs 67 crore clocked on Monday. As many as six stocks witnessed trades of 5.36 lakh shares on Tuesday.

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Choosing well-rated funds is a sensible selection
I had invested Rs 25,000 each in HDFC Top 200, HSBC Equity, Reliance Growth and Magnum Taxgain in April 2009. At the time of investment, all these funds were 5-star rated, but now I notice their ratings have come down to 4-star. Have I chosen the correct funds? And, should I remain invested or withdraw? Also, please guide me where I should invest Rs 2-3 lakh for a period of around three years.

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Pyramid Saimira puts up US, Malaysian biz on sale
In a move aimed at stemming declining losses and generating funds for Indian operations, Chennai-based entertainment company Pyramid Saimira Theatre Ltd (PSTL) has put its businesses and assets in the US and Malaysia up for sale.
Small Business

SBI to hire 27,000 this year

The country"s largest lender, State Bank of India (SBI), plans to hire more than 27,000 people this year to fill vacancies across different divisions, a top bank official said. - SBI may provide more to cover bad assets - Finally, banks admit they will miss credit targets - Attrition to be a big problem for banks: RBI - Bank charges may be capped - SBI scales down credit growth estimate - SBI to appoint correspondents for NREGS payments "This year we have plans to recruit 20,000–22,000 people in the clerical posts and 5,500 people at the probationary officer level," SBI Deputy Managing Director and Group Executive Anup Banerji told reporters on the sidelines of Bancon conference here. As part of its strategy of enhancing focus on rural operations, SBI plans to deploy 2,000 probationary officers in rural areas, Banerji said. "We create a provision for appointing specialised probationary officers in the rural sector. Of the 5,500 POs, 2,000 of them will be recruited in the rural sector and these officers will continue in rural marketing at least for next 10 years," he said. Last year, SBI had recruited around 25,000 people. The banking major also have plans to go for lateral recruitments in the middle-management level in the current year, Banerji said. "This year we will start lateral recruitment at middle management level, from manager to Assistant General Manager level, where ever it is necessary," Banerji said.


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