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Essar’s Aegis BPO buys PeopleSupport of US
Deal valued at Rs 1,057 cr; to be funded thru internal accruals. Mumbai, Aug 4 The Essar group said on Monday that its outsourcing outfit Aegis BPO has agreed to buy the Nasdaq listed off-shoring firm PeopleSupport Inc for $250 million (Rs ...
Daiichi Sankyo gets SEBI nod for Ranbaxy open offer
New Delhi, Aug 4 The Securities and Exchange Board of India has given its approval to the open offer from Daiichi Sankyo to acquire an additional 20 per cent stake in Ranbaxy Laboratories Ltd. ...
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BOUNTIFUL RAINS: Flood wa...
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TODAY'S PICK (Latest Audio: English/Tamil)
Welspun-Gujarat Stahl: Buy
We recommend a buy in Welspun-Gujarat Stahl Rohren from a short-term perspective. From the charts of Welspun-Gujarat Stahl Rohren we observe that it has been moving down steadily since it recorded the peak at Rs 537 in January. This decline ...
Day Trading Guide
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Moody’s sees increased downside pressure to stable ratings outlook
‘Nuke deal could lend medium-term support to ratings’. New Delhi, Aug 4 The Indo-US nuclear deal could lend medium-term support to India’s sovereign ratings, said international credit rating agency Moody’s Investors ...
AI lures travellers with discounts on domestic night fares
Relaunches offer on domestic leg of international flights. Flying with the state-owned Air India at night could now be a cheaper option for consumers. ...
India cannot be immune to recession: Tata
Mumbai, Aug 4 India cannot be immune to recession which has hit the US and Europe, said Mr Ratan Tata, Chairman, Tata Chemicals ...
Will the IMF sell gold?
There is a school of thought that the RBI should deploy a significant part of its reserves in gold. India should grab the opportunity to buy some of the gold it holds on behalf of the IMF, if the latter decides to sell a part of its holdings. The ... d too would prefer it as sale of gold to an official holder would not cause disruptions in the global market, says SITHARAM GURUMURTHI.
Hyundai’s next plant may be just a hop away
May look at AP for expansion as TN plant nears capacity. Chennai, Aug. 4 Going by the rate at which its sales are growing – 40 per cent in the first four months of the current financial year – it is reasonable to assume that ...
Ceat re-negotiates export order prices
Rising input costs cited as the reason; to boost Q2 earnings. Mumbai, Aug 4 Tyre manufacturer Ceat, part of the Rs 13,500-crore RPG Group, has been able to re-negotiate prices for a bulk of its existing export orders for the next 4-5 months on ...
Wild rupee swings pose hedging challenges
Smaller firms hit harder than bigger peers. Hyderabad, Aug. 4With the rupee fluctuating between Rs 38 and Rs 43 to a dollar in the past three quarters, technology firms, particularly small ones, have found it tough to handle dollar ...
Bancassurance sees steady, brisk growth
‘Bank branches account for 24% of new biz for life insurers’. Hyderabad, Aug. 4 The bancassurance segment in the insurance industry has been growing at a steady pace and is competing with the traditional sale of insurance by ...
Murdoch launches DJ India Titans 30 Index
No stock will have more than 10% weightage in index. Mumbai, Aug. 4 An index of 30 leading Indian company stocks, Dow Jones India Titans 30 Index, was launched today by Mr Rupert Murdoch, the Chairman of media conglomerate News ...
Beaten down mid-cap stocks back in focus
Aurobindo Pharma, Blue Dart, Max India, Pfizer see surge in prices. Mumbai, Aug. 4 The BSE mid-cap index has marginally outperformed the Sensex in the past month as investors went bargain ...
Banking sector funds among best performers in July
Global funds see their fortune turning weak. Mumbai, Aug. 4 Banking funds were amongst the best performing funds in July after a long run of reporting declining ...
Honesty and political survival are ‘incompatible’
The problem is, today, honesty is incompatible with survival in politics. Let’s not pretend otherwise. Even now, Dr Manmohan Singh is impeccable. But the fact is he knows what is happening and he needs it to survive. So blaming ... ke sense..
Commodities Transaction Tax — Why it could lead to greater volatility
Recently, the Finance Minister stated that the Government would take a call on the date notifying the CTT, adding that, at least in the first year, it is not intended to be a great revenue-earning measure.The CTT proposed is Rs 17 on a ...
Pulses import by PSUs needs regulation
Even as the price situation is turning explosive. Mumbai, Aug 4From July 25, the country has had excellent precipitation, especially covering moisture-stressed areas of Central, Southern and Western region, bringing much-needed relief to ...
Monsoon active over coastal AP, Telangana
Thiruvananthapuram, Aug 4 Sunday’s ‘low’ over northwest and adjoining west-central Bay of Bengal has moved in a west-northwest direction and lay over west-central and adjoining northwest Bay off the north Andhra Pradesh and ...
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