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Private oil cos suggest win-win formula to revive retail biz
Sourcing petrol, diesel from PSU refiners at higher price proposed. New Delhi, Aug. 30 Private sector players such as Essar Oil Ltd are considering procuring auto fuel from integrated public sector refining-cum-retailing units for selling them ...
Stalemate continues in Singur
Kolkata, Aug. 30 The impasse over the Tata Motors’ small car project site in Singur continued on Saturday with no construction work taking place for the second day in succession. ...
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Unrelenting: The o...
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Making the most of a range-bound market
In the long run, most of the uncertainties currently clouding the equity market may clear up. But in the short term, they are here to stay. That stock prices aren’t going to head steadily in one direction is not good news if you are ...
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Over 65% of diversified equity schemes underperform their benchmark indices
Mumbai, Aug. 30 Those who hold that three to five years is an apt period of time to judge mutual fund returns could do well to take a look at the three-year returns of Indian mutual fund schemes at this point in time. ...
K.K. Birla passes away
Mr Krishna Kumar Birla, noted industrialist and a former Rajya Sabha member, died here on Saturday. He was 90. ...
SpiceJet to seek shareholders’ nod on warrants issue
Looking to reset FCCB conversion price to Rs 25 a share. New Delhi, Aug. 30 The Delhi-based low cost airline SpiceJet will seek shareholders’ nod next month for the financing arrangement recently concluded with investors such as W.L. ...
Index Outlook
‘Stability’ was the theme in the Indian stock markets in August; accompanied by the attendant boredom. Though the Indian benchmark was thwarted in its attempt at surpassing the 15500 mark this month, it has managed to hold on to ...
‘KK Babu’ a doyen who left his own stamp
Kolkata, Aug. 30 Mr Krishna Kumar Birla, who died in Kolkata on Saturday at the age of 90, joined the family business when he was barely 20. ...
Larsen & Toubro: Buy
Investors with a 2-3-year perspective can consider adding the stock of Larsen & Toubro to their portfolio. The company’s proven execution skills, quality clientele, well-entrenched presence in a wide range of businesses and ability ...
ISRO arm’s revenue up at Rs 940-cr on satellite launches
Antrix bags 2 more deals; gets mini-ratna tag. Bangalore, Aug. 30 Two commercial satellite launches made from Sriharikota during 2007-08 have driven up the revenue of ISRO’s commercial arm Antrix Corporation to Rs 940 crore for that ...
ONGC may rope in Rosneft as local partner in Imperial Energy
Kolkata, Aug. 30 ONGC may rope in Rosneft Oil Company of Russia as its local partner in Imperial Energy Corporation Plc in case of a successful acquisition of the UK-based company having substantial oil equity in Russia’s Siberia region, ...
Infosys: Buy
With bulging cash coffers and inorganic growth aspirations, Infosys Technologies has for long been scouting for suitable acquisitions. It seems to have finally found an ideal candidate in the Axon Group. ...
Fall in coal prices may ease cement cos’ burden
But not enough to protect depleting profit margins. Mumbai, Aug. 30 The recent fall in coal prices seems to have provided a much-needed breather to cement companies, but it apparently is not enough to protect the depleting profit margins. ...
Weekly news round up
The country's gross domestic product growth decelerated to 7.9 per cent during April-June 2008 mainly due to near halving of manufacturing sector growth in the first quarter of this fiscal. ...
Indiabulls Real Estate: Buy
The current macro scenario does not augur too well for the real-estate sector with issues such as funding challenges, tapering demand and slowing launches clouding prospects. The sharp de-rating of stocks in the sector in the past one year ...
Quantum Long Term Equity Fund: Hold
Despite stock market conditions being not too conducive, Quantum Long Term Equity Fund has managed a reasonable return record in the two years since its launch. With an absolute return of about 27 per cent till date, the fund isn’t a ...
Reliance Growth: Invest
Investments by way of SIP (systematic investment plan) with a long-term horizon may be considered in Reliance Growth Fund, considering its track record in delivering consistent returns. ...
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