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No view yet on pvt sector entry into nuclear power generation
Let us cross the nuclear deal hurdle first, says PM. Sapporo, July 7 The Government is yet to take a view on whether it will allow the private sector to set up nuclear power plants once the international civil nuclear cooperation deal is put ...
Manmohan lines up meetings with leaders to garner support for n-deal
Hopes to get approval of Nuclear Suppliers Group members. Sapporo, July 7 Three years after persuading the US President, Mr George W. Bush, to agree to a nuclear deal with India, and then protractedly engaging with the Left parties to secure ...
UTI Asset Management puts off IPO plans
July 21 is the deadline for completion of IPO process. Mumbai, July 7 UTI Asset Management Company has decided to put off its proposed initial public offer, which was expected to hit the market this month. ...
SEBI to look into conflict of interest between AMCs, trustees
Mumbai, July 7 The conflict of interest between sponsors of mutual funds, its trustees and the asset management company (AMC) may come under the scanner of market regulator Securities and Exchange Board of India (SEBI). ...
Daimler-Hero venture to have high local content
Pact signed with TN Govt for Rs 4,746-cr plant. The joint venture of Daimler AG and Hero Group, which today formally signed a MoU with the Government of Tamil Nadu for setting up a Rs 4,746-crore greenfield commercial vehicles facility in the ...
FII flows: Curiouser and curiouser
Chennai, July 7 Though the Sensex plummeted by 4,600 points between January and March 2008, FII inflows over this period were just 5 per cent short of inflows between October and December 2007 (when the Sensex rose 3,000 points); and 52 per ...
Banks tapping CD market as CRR hike begins to bite
Squeeze on liquidity pushing yields higher. Bangalore, July 7 Banks have begun rushing to the certificates of deposit (CD) market anticipating a further tightening of liquidity ahead of the second phase of the Cash Reserve Ratio (CRR) hike ...
Tanti group venture buys Chinese wind energy firm
Will invest $2 b in partnership with Arcapita Bank. Mumbai, July 7 Tanti group of companies, the promoters of Suzlon Energy Ltd, jointly with Bahrain-based Arcapita Bank, has acquired Honiton Energy Holdings, a Chinese wind energy firm. ...
Sharp fall in campus recruitments
Tougher selection norms; fewer companies. There is a 15-20 per cent drop in campus recruitment from second tier engineering colleges in Tamil Nadu this year. According to officials in-charge of placement, such as Mr S. Ganapathy of SRM ...
Hefty salary hikes turn a thing of the past
JOB SWITCHES. Bangalore, July 7 Ask and it shall be yours, was the motto in the recruitment industry last year. The days of mind-boggling salary hikes for lateral moves seems to be over, say recruiters across the country. ...
Reverse outsourcing: Indian cos take the lead
Indian companies seem to be at the forefront of the reverse outsourcing trend, with the total employment generated by domestic entities in the US touching around 30,000. ...
Aadhar to be sourcing hub for Future group retail formats
Will also supply farmers’ produce to other retailers. Mumbai, July 7 Graduating from providing agri-services to direct sourcing from farmers, Aadhar Retailing is now getting into the business of output management with farmers across the ...
TODAY'S PICK (Latest Audio: English/Tamil)
Sterlite Industries (Rs 630.85): Sell
We recommend a sell in Sterlite Industries India from a short-term perspective. It is evident from the charts of Sterlite Industries India that it has been on a long-term downtrend from its all-time high of Rs 1,140 (recorded in early December ...
Day Trading Guide
In the last trading session, the stock lost its intra-day gains, experiencing selling pressure. Fresh short-position can be initiated only if the stock declines below Rs 589, with tight stop. ...
FIIs shifting to SGX Nifty
Highest monthly volumes in June. The market melt-down in the June has witnessed traders going into an over-drive to make money on short positions. However, it is not the domestic traders alone who are keen to benefit from the declining prices, ...
Consolidation hopes buoy airline stocks
SpiceJet, Deccan Aviation jump over 20%. Bangalore, July 7 The stocks of three domestic airlines rose substantially on Monday giving indications of a possible consolidation in the ...
MFs focusing on global markets fare better in June
DSP Merrill World Gold Fund — the top performer. Mumbai, July 7 Investing in global markets seem to have helped withstand the extremely bearish local market conditions for some funds enabling them to give better returns than other sector ...
ITC, Godfrey Phillips in limelight
Two cigarettes stocks, which have substantial foreign direct investments, on Monday moved up. Market sources said the Japan Tobacco International’s proposal to raise its stake in its unlisted Indian outfit would be taken up by the Foreign ...
Bay whirl turns ‘low’, track under scan
Thiruvananthapuram, July 7 Sunday’s upper air cyclonic circulation over Bangladesh concentrated overnight into a monsoon ‘low’ over north Bay of Bengal, promptly setting off another round of heavy rains in east India and the ...
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