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Disinvestment process may gain speed
‘Govt has limited timeline; tough to push through major reforms’. New Delhi, July 23 After the initial euphoria over reforms getting a leg-up following the United Progressive Alliance (UPA) Government surviving a trust vote and ...
Markets on a song
FIIs turn big net buyers even as domestic institutions book profit. Mumbai, July 23 The stock markets on Wednesday greeted the Manmohan Singh Government winning the confidence vote with a six per cent gain in the benchmark indices, but ...
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TODAY'S PICK (Latest Audio: English/Tamil)
Steel Authority of India (Rs 146): Buy
We recommend a buy in Steel Authority of India (SAIL) from a short-term perspective. From the charts of the SAIL, we see that it was on an intermediate-term downtrend from its December 2007 high of Rs 292 to its July 2008 low of Rs 117. ...
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Day Trading Guide
The stock is currently facing the resistance at Rs 750. Fresh long-position can be initiated, only if the stock moves above Rs 750, with a tight stop ...
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Insurance players now see scope for more FDI
Cos nearing 10th year of operations may look at listing option. Mumbai, July 23 The Government’s winning of the trust vote has raised the insurance industry’s hopes of seeing foreign direct investment in the sector being raised ...
The retail push into finance
With their loyalty programme and branded credit card databases, retailers venture into distribution of financial services like their counterparts in other parts of the world.. Are financial services going to be a logical extension of the ...
Cashew apple seen a viable source to produce ethanol
UN body asks institutions to develop clean technology. Kochi, July 23 The UNIDO Centre for South-South Industrial Cooperation (UCSSIC), New Delhi, has identified cashew apple as an alternative to food crops that are currently used for ethanol ...
Market experts doubt sustainability of current rally
Just a euphoric reaction to UPA’s winning the trust vote. Mumbai, July 23 The nearly 6 per cent gain for the Sensex on Wednesday appears to be more of a euphoric reaction to UPA’s winning the trust vote in Parliament rather than on ...
Tariff hikes: TRAI mulls raising ‘minimum protection period’
Seeks views from stakeholders to modify telecom tariff order. New Delhi, July 23 In a bid to protect telecom consumers and ensure transparency, the Telecom Regulatory Authority of India (TRAI) on Wednesday proposed to increase the ...
Slowdown in Indian aviation may end in a year: Boeing
‘Optimising aircraft usage can resolve overcapacity problem’. Mumbai, July 23 The current downturn in the Indian aviation industry would end in the next 10 to 12 months as the sector reduces flights and resolves overcapacity ...
‘Short-term profitability of general insurance firms could be hit’
Mumbai, July 23 While the short-term profitability of general insurance firms in India could be affected by the current situation in the industry, the outlook for these firms is stable on account of steady fundamental credit conditions for the ...
Weekend rains likely over peninsula
Thiruvananthapuram, July 23 Shifting weather two days from now is forecast to set off ‘breakthrough’ rains along the peninsular coasts and the arid interior in advance of a ‘low’ forecast to spin up over the Bay of ...
Cotton export contracts need to be registered
Govt concedes industry demand to facilitate better data collection. New Delhi, July 23 Bowing to domestic textile industry demand, the Government has sought to place export restraint on cotton by stipulating mandatory registration (licensing) ...
Strides-Aspen in supply pact with GlaxoSmithKline
Bangalore, July 23 Strides Arcolab Ltd’s joint venture with South Africa’s Aspen Pharmacare has struck a global licensing and supply agreement with ...
Rupee surges by 65 paise
Mumbai, July 23 The rupee on Wednesday gained 65 paise against the dollar backed by a host of positive factors. Apart from the government winning the trust vote, the fall in international crude prices and the rally in the domestic equity ...
Near-term trend positive in rupee
The foreign exchange market greeted the news of the UPA Government winning the trust vote with a thumping rally in the rupee. The Indian currency appreciated to 42.07 on Wednesday. ...
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