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Major economies agree cuts in global emissions necessary
Our views not fully incorporated in the declaration: PM. Sapporo, July 9 Leaders of 16 of the world’s major economies meeting at the venue of the G-8 summit at Toyako in northern Japan found enough common language to take forward their ...
Centre scraps import duty on raw cotton
1% drawback benefit on cotton export withdrawn. New Delhi, July 9 Bowing to the demands of the domestic spinning industry, the Centre has scrapped basic customs duty as well as special additional duty of customs (SAD) on raw cotton imports ...
Infrastructure growth falls to 3.5% in May
Poor growth rate in electricity generation coupled with petroleum refinery products output becoming almost stagnant, the overall index for six infrastructure industries grew by 3.5 per cent in May 2008 as against 7.8 per cent in May last year. ...
Mundra SEZ: Adani group can go ahead with construction work
SC allows withdrawal of PIL against Adanis. New Delhi/Ahmedabad, July 9 The Adani Group can now go ahead with the construction work in multi-product Mundra SEZ with the Supreme Court vacating its earlier interim stay on further construction ...
Deadline for RCom, MTN talks extended till July 21
Mumbai, July 9 Reliance Communications said on Wednesday that the deadline for the talks with South African telecom major MTN for a “potential business combination” has been extended till July ...
Manmohan, Bush talk of progress made in ties
Discuss major topics, including nuclear cooperation. Sapporo, July 9 “It was a typical conversation among friends,” was how the US President, Mr George Bush, described his meeting with the Prime Minister, Dr Manmohan Singh, that ...
SC sends Tata-Birla row over Idea for arbitration
Issue: Alleged violations of shareholders’ agreement. New Delhi, July 9 The two year-old dispute between the Tata Industries and the A.V. Birla Group over Idea Cellular took a fresh turn on Wednesday with the Supreme Court deciding to ...
Fresh farm loans yet to flow; recoveries tardy
Banks waiting for completion of loan waiver process. Wardha, July 9 The recent mega farm loan waiver by the Union Government has led to discontentment among farmers who are regular in repaying their loans in places such as Vidarbha in ...
2007-08 foodgrain output estimate raised again
Projected at record 230.67 million tonnes. New Delhi, July 9 The Centre has yet again upped its estimates of foodgrains and oilseeds production during 2007-08. ...
Total, partners to decide on Vizag refinery by year-end
Pre-feasibility report examining demand for petro-products. New Delhi, July 9 The consortium of France’s Total S.A., L.N. Mittal Group company, Hindustan Petroleum Corporation, GAIL (India) and Oil India Ltd will take a decision to build ...
Software, services revenue to grow at 21-24% to $62 b
Nasscom pegs target a tad lower due to slowdown. New Delhi, July 9 India’s software and services revenue is poised to grow between 21 and 24 per cent during 2008-09 to touch $62-64 billion. The growth rate projections for FY09 are a tad ...
TCS is top exporter
New Delhi, July 9 Tata Consultancy Services (TCS) has maintained its position as the country’s top IT software and services exporter for FY08, followed by Infosys and Wipro. ...
MMTC keeps to plan of marketing Chinese commercial vehicle tyres
Kolkata, July 9 Notwithstanding the negative impact of a depreciating rupee, MMTC sticks to its plan of marketing Chinese commercial vehicle tyres — primarily radial tyres — in India. ...
Consumers seek out value retailers …
Mumbai, July 9 As inflation raises its ugly head, for value-based discount retailers it does paint a pretty picture. The country’s largest value retailer, Big Bazaar, is already witnessing a surge in sales by 24 per cent, led by the ...
For a slice of the dish
Direct-to-home satellite TV players old and new are going all out to win the race for supremacy in the emerging market for DTH services.. Over the next few months the number of direct-to-home (DTH) satellite television players will double. And ...
‘The newsstand’s coming alive’
Exciting times are in store for the Indian reading ‘consumer’.. In the days of the Internet and television where every byte and second is content, there is some good news for the purists. Yes, the print media is coming ...
TODAY'S PICK (Latest Audio: English/Tamil)
Siemens (Rs 483.35): Buy
We recommend a buy in Siemens from a short-term perspective. From the charts of Siemens, we observe that the stock had been on an intermediate-term downtrend from its January 2008 peak of Rs 1,047 to its 52-week of low Rs 363, recorded in ...
Day Trading Guide
Initiate fresh long-position only if the stock moves above Rs 1,837 level, with tight stop-loss. ...
Foreign brokerages downgrade Indian firms
High oil prices, inflation rates lead to major concerns. Mumbai, July 9 Rising domestic inflation, political uncertainties, and the recent movement in oil prices have led to many foreign brokerages downgrading Indian firms. Lehman Brothers, ...
IT sector watching out for greater clarity from US
Mumbai, July 9 The Indian IT sector will have to watch out for not only how the US economy shapes up, but also how the US presidential elections pan out, said ...
Allied Digital sees higher volumes on talk of eyeing Nasdaq firm
Shares of Allied Digital, the Mumbai-based systems integrator and provider of IT infrastructure management services, have been witnessing higher volumes on the bourses.According to marker sources, the company is close to buying out an arm ...
IMPACT
Mundra Port soars on dismissal of petition
Supreme Court allows SEZ construction. The stock of Mundra Port and Special Economic Zone hit the upper circuit limit on Wednesday and closed at Rs 554 after the Supreme Court dismissed a petition that sought stoppage of construction activity ...
IMPACT
Cotton import duty removal to benefit spinning cos
Move could help ease supply situation. Stocks of cotton textile companies rallied on Wednesday on the back of the removal of import duty on cotton prices. The move could help ease cotton supply situation, which has been tight due to increasing ...
Monsoon stays muted over peninsula
Thiruvananthapuram, July 9 Tuesday’s well-marked ‘low’ was traced to over Jharkhand and neighbourhood on Wednesday presiding over a vigorous rain session in east, northeast and northwest India even as the monsoon continued ...
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