Prudential board approves Say on Pay for holders

NEWARK, N.J. (AP) -- Prudential Financial Inc. said Tuesday its board has approved giving shareholders an advisory vote on executive compensation, a so-called Say on Pay, that many companies have adopted in the face of criticism of soaring executive pay.

Shareholders of Newark, N.J.-based Prudential will get to vote every other year on the compensation policies set by the board committee that decides how to pay executives.

Prudential follows other companies that have approved similar Say on Pay voting power for shareholders. The Obama administration has proposed requiring it at all public companies.

Prudential sells life insurance and manages assets for investors, as well as other services.

Its shares rose 30 cents to $50.11 in aftermarket trading after closing Tuesday at $49.81, up 2 percent from the previous day's close.

Birla Sun Life Declares dividends in 3 equity

Birla sun life AMC on monday announced dividends in three equity funds and one balanced funds.

Govt to raise stakes in three banks

The government is set to increase its stake in Bank of Baroda, Oriental Bank of Commerce and Dena Bank.

ICICI PRU EPFs TOP FUND MANAGER

ICICI prudential has retained the top position among the employees provident fund organisation fund managers giving 8.77 percent return during the one year period ending September 2009.

Buy ICICI BANK WITH STOPLOSS OF RS.935 Karvy

Buy Rolta India With Stoploss Of Rs 150: KarvyKarvy Stock Broking Limited has maintained 'Buy' rating onICICI Bank stock to achieve an intraday target that lies between Rs 960 -965.

According to Karvy, interested traders can buy the stock between Rs 940-945 with a strict stop loss of Rs 935.

On Tuesday (Oct 06), the shares of the bank closed at Rs 938.35 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 944.60 and a low of Rs 252.75 on BSE. Current EPS and P/E of the stock stood at 35.11 & 26.44 respectively.

HDFC's Q2 sanctions up 30%

We see a good growth in loan disbursals in the next few quarters. HDFC expects an d 20-25 percent growth in loan disbursals in 2010.
According to - DEEPAK PAREKH (chairman of HDFC)

Unity infraprojects wins order worth Rs.54.50 Crore

Unity Infraprojects, , one of India's largest civil contractors, has secured an order worth Rs 54.50 crore from Amanora Park Town for construction of six towers, RCC works and upto gysum finish - (R21) Sector, Amanora Park Town, Hadapsar, Pune.

The project is scheduled to be completed within next 29 months.