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Mobile cos may be charged for excess 2G spectrum
One-time payment of Rs 1,600 cr each by Bharti, Vodafone, Idea likely. New Delhi, July 14 Mobile operators, including Bharti Airtel, Vodafone Essar and Idea Cellular, may have to cough up at least Rs 1,600 crore each, as one-time payment for ...
Mukesh Ambani meets PM
New Delhi, July 14 Reliance Industries head Mr Mukesh Ambani’s visit to the Capital today was largely marked by speculation. He met important Government functionaries, including the Prime Minister, Dr Manmohan ...
Fluorescent lamps tender: Domestic companies may not bite Rlys bait
New Delhi, July 14 If this innovative model gets off the ground, Indian Railways could end up gifting its employees 26 lakh compact fluorescent lamps (CFLs) over the next four years as well as earn carbon revenues. ...
Insurance cos invest Rs 15,000 cr in equities in Q1
LIC alone pumps in about Rs 12,000 crore. Mumbai, July 14 Domestic insurance companies continue to be large buyers of equity on the bourses, striking a contrarian note in the bearish ...
Excise duty collection growth slows down in first quarter
Customs duty mop-up buoyant on higher oil price, weak rupee. New Delhi, July 14 In what may be a pointer to manufacturing slowdown, the Centre’s excise duty collections grew 2.8 per cent in the first quarter of the current fiscal, lower ...
Light crude likely to reverse
With the crude prices gaining over 50 per cent this year, most market watchers are wondering how long this scorching rally would last. In technical analysis, there is a premise “History repeats itself”. In July 2006, light crude ...
Banks asking borrowers to buy insurance
Several loan-seekers from banks are finding themselves in a tricky situation as they are being asked to go in for an insurance policy to enhance the ‘chances’ of loan approval. The policy is on the life of the borrower against ...
Steel market abuzz with talks of price hike
New Delhi, July 14 The market is abuzz with the possibility of another round of steel price hike by the primary producers, though there is no official communication ...
Palmolein imports surge as duty differential falls
Edible oil imports increase in June; trend may last till Oct. Chennai, July 14 RBD palmolein witnessed record import during June, thanks to its effective Customs duty declining to 2.8 per ...
Ranbaxy refutes allegations by US Govt
Says it has complied with all FDA requirements. New Delhi, July 14 Ranbaxy Laboratories Ltd on Monday refuted the allegations contained in the motion filed by the US Department of Justice (DOJ) that the company submitted false and fabricated ...
Higher income lifts Axis Bank Q1 net 89%
Rs 225-cr provisioning for investment depreciation. Hyderabad, July 14 Axis Bank’s net profit increased 88.6 per cent at Rs 330.14 crore in the first quarter ended June 30, 2008 compared with Rs 175 crore in the corresponding quarter of ...
The ugly race for numbers
Short of fist-fights, a lot of action is happening on the national political theatre. And the frenzy with which our neta log have started hitting out at each other, the days in the run-up to the trust vote in the Lok Sabha, are ...
Tech firms step up pharma presence
Satyam, Patni, Cognizant see big upside. Hyderabad, July 14 Technology firms Satyam and Patni, Cognizant, and several other companies offering drug discovery and research services are stepping up presence in pharma vigilance, drug safety and ...
Infosys unfazed by slump in telecom vertical
‘Performance in one quarter does not set a trend’. Chennai, July 14 Despite a slump in revenues from its top client, and a slump in onsite revenues for its Australian subsidiary, Infosys Technologies feels that it’s business ...
Cargo market favours 4-wheeler light commercial vehicles
Three-wheelers sales likely to dwindle further. New Delhi, July 14 Three-wheeler cargo vehicles’ sales is likely to drop further in urban markets, as the country witnesses a shift in demand from three-wheeler goods carrier to the fast ...
Falling volumes hit broking cos
Other incomes could be crucial: Analysts. Mumbai, July 14 The first quarter financial results of three broking firms indicate that the broking business is experiencing a slump, something expected in a bearish ...
TODAY'S PICK (Latest Audio: English/Tamil)
Ambuja Cements (Rs 82.50): Buy
We recommend a buy in Ambuja Cements from a short-term perspective. From the charts of Ambuja Cements we see that the stock has been on an intermediate-term downtrend from its life-time high of Rs 160 (recorded on December 4, 2007). However, ...
Day Trading Guide
The stock is experiencing selling pressure at higher levels. Utilise rallies to sell the stock with tight stop-loss at Rs 607. ...
BNP Paribas executes first Direct Market Access order on NSE
Details of the deal not available. Mumbai, July 14 BNP Paribas Securities Asia said it has successfully executed its first Direct Market Access (DMA) order on the National Stock Exchange through brokerage Geojit Financial Services. ...
SpiceJet shares down on Chairman’s resignation
Analysts see tough time ahead for the airlines. Mumbai, July 14 Shares of low-cost airline SpiceJet tumbled 13.73 per cent on Monday after its Executive Chairman, Mr Siddhanta Sharma, resigned over the weekend. ...
‘Break’ throws open rain window for Tamil Nadu
Thiruvananthapuram, July 14 The southwest monsoon may be going into a weak phase (euphemism for ‘break-monsoon’) over the next 24 to 36 hours in the context of the land-based and weather-driving trough having shifted to the ...
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