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Home loans become costlier
ICICI Bank, HDFC hike rates by 75 basis points; more banks follow suit. Mumbai, July 31 ICICI Bank and HDFC on Thursday hiked home loan rates by a massive 0.75 percentage points, moving quickly to preserve margins in the wake of RBI raising ...
Govt confident of support for key Bills: Chidambaram
New Delhi, July 31 The discord among various political combines in Parliament over pushing forward economic reforms notwithstanding, the Finance Minister, Mr P. Chidambaram, has expressed confidence that he would be able to muster legislative ...
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Rise in acreage: A tribal...
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TODAY'S PICK (Latest Audio: English/Tamil)
Aditya Birla Nuvo (Rs 1324.40): Buy
We recommend a ‘buy’ in Aditya Birla Nuvo from a short-term perspective. From the charts of Aditya Birla Nuvo, we notice that the stock had been on an intermediate term downtrend from January 2008 peak of Rs 2,502 to its ...
Day Trading Guide
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Tata Steel net rises 22% at Rs 1,488 cr
Company posts Rs 303-cr forex loss. Mumbai, July 31 Tata Steel Ltd has posted a 21.78-per-cent rise in its standalone net profit at Rs 1,488.40 crore for the quarter-ended June 30, against Rs 1,222.11 crore logged in the same period of last ...
Steel price hike looms large as moratorium nears end
Coal prices up $202 a tonne since July. New Delhi, July 31 The possibility of an imminent rise in steel prices looms large as the self-imposed moratorium to hold prices by the steel industry ends this ...
Reliance Infra, L&T, Jessops among six bidders for rail coach factory
Chennai, July 31 Reliance Infrastructure, of the Anil Ambani group, in collaboration with China South Railway, is among the six bidders for a new Rs 1,400-crore Rail Coach Factory at Rae Bareli, Uttar ...
Inflation rises to 11.98%
New Delhi, July 31 The annual Wholesale Price Index-based inflation rose 11.98 per cent for the week ended July 19, higher than the previous week’s annual rise of 11.89 per cent. The year-on-year inflation rate surged on account of ...
Jet, Kingfisher, Deccan hike fares as fuel prices go up
Mumbai, July 31 Jet Airways, Kingfisher Airlines and Deccan announced a hike in fares on Thursday, the same day as the oil companies increased the price of aviation turbine ...
Gross retail NPAs to touch 4% by fiscal end
Defaults high in unsecured segments, says Crisil. Mumbai, July 31 The gross non-performing assets (NPAs) in retail loans are set to increase to around 4 per cent by March 2009, from 2.7 per cent on March 31, 2007, said a report by rating ...
Exporters not taking forward rupee cover
Expect softening trend to continue as FII inflow slows. Bangalore, July 31 The rupee may have appreciated against the US dollar since July this year, but exporters are not taking forward cover, unlike in the ...
Gold down by Rs 1,000 in 2 weeks
Mumbai, July 31 The sharp fall in crude oil prices and a strengthening dollar against eruo have pushed down gold prices by Rs 1,015 for 10 grams in the last two ...
Crude consolidating; to trade in wide range
Crude prices have retreated from their record high levels of over $145 a barrel to around $125 a barrel in recent days. A notable part of speculative froth has perhaps vanished as tactical investors have liquidated their exposure; but, surely, ...
Hardening rates push investors to debt schemes
Fixed maturity plans attract MF participants. Mumbai, July 31 Mutual fund debt schemes – both fixed maturity plans and liquid schemes – seem to be finding favour among both investors and fund houses as interest rates continue to ...
‘I don’t think there will be any slowdown in infrastructure’
The ECC (Engineering, Construction & Contracts) building of Larsen & Toubro in suburban Chennai is a landmark. It has won awards for design and construction. It now sports a new look — a glass façade to shut out ...
Tatas, Reliance put mega power projects on fast track
New Delhi, July 31 The promoters of the first couple of the Ultra Mega Power Projects (UMPPs) have put their projects on fast track and hope to commission at least one unit each way before the end of the current Plan period. ...
Deficit stays at 2% as rains spread
Thiruvananthapuram, July 31 The burst of rainfall in peninsular India over the past few days has not just prevented the all-India deficit of two per cent from worsening any further but has also boosted the moisture profile across the region. ...
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