Media stocks back in favour
EVEN as the Sensex breached the historical 6,000 mark, media stocks have once again emerged as favourites against the old economy steel stocks, a trend quite different from that of the year 2003. A comparison of the two sectors in the first two ...
TCIL likely to sell stake in Hexacom to Bharti Tele
TELECOMMUNICATION Consultants India Ltd (TCIL) has firmed up plans to exit Hexacom (India) Ltd by selling its 30 per cent stake in the company to Bharti Tele-Venture Ltd. According to official sources, while negotiations are still to be ...
BPCL to hedge oil imports this year
BHARAT Petroleum Corporation Ltd (BPCL) has appointed advisors for formulating its risk management policy on forward trading in oil imports. The company hopes to begin hedging transactions before the second quarter of the coming financial year, ...
`Celebrity tax' puts cos, ad agencies in a bind
THE Government's decision of levying an 8 per cent service tax on celebrity brand ambassadors is causing ripples in the corporate and ad worlds. At stake is endorsement fee that ranges between Rs 5 crore and Rs 10 crore per celebrity per ...
Upbeat market looks for steroids from SAFTA, corporate results
The benchmark index, the BSE Sensex, is likely to remain firm in the event of a smooth Islamabad declaration on SAFTA. An "unofficial" Indo-Pak summit, speculated to take place on January 6, may add bonus to the sentiment.
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