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Tuesday, September 09, 2008
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Work suspension at Singur will continue: Tata Motors
Company distressed at limited clarity on outcome of talks. Kolkata, Sept. 8 Even as Tata Motors said it was “distressed at the limited clarity on the outcome of the discussions between the Government of West Bengal and the ...

India-China trade scales new heights in first half
New Delhi, Sept. 8 Sino-Indian bilateral trade continues to grow by leaps and bounds, with the trade value in the first half of calendar year 2008 hitting the $ 29-billion mark, recording a 69 per cent jump over the corresponding period last ...



Getting closer: The Chine...
TODAY'S PICK (Latest Audio: English/Tamil)
Allied Digital Services (Rs 750): Buy
We recommend a buy in Allied Digital Services from a short-term horizon. It is apparent from the charts of the stock that it has been consolidating sideways in a broad range between Rs 700 and Rs 920 since late January. The support at Rs 700 ...

Day Trading Guide


EPFO defers transfer of funds to new managers
Special meeting of trustees convened on Sept 18. New Delhi, Sept. 8 The Employees Provident Fund Organisation (EPFO) that had appointed three new private sector fund managers last month has postponed transfer of funds to the newly appointed ...

Adani Power gets SEBI nod for IPO
Issue size may be Rs 5,630 cr. Kolkata/Ahmedabad. Sept. 8 Adani Power Ltd – an Adani Enterprises company - has received SEBI approval for the proposed Rs 5,630-crore IPO. ...

SC asks UP mills to pay cane dues at Rs 110 a quintal
New Delhi, Sept. 8 The Supreme Court has directed sugar mills in Uttar Pradesh — private, co-operative and State-owned — to pay up all outstanding cane arrears to growers for the 2007-08 crushing season (October-September) at the ...

Waiver gives fillip to stocks; Sensex up 461 points
Mumbai, Sept. 8 The waiver for India from the Nuclear Supplier’s Group (NSG) and the decision of the US Government to bail out mortgage finance companies Fannie Mae and Freddie Mac gave a boost to Indian stocks on Monday. ...

Companies cut conversion price to resolve FCCB tangle
Foreign Currency Convertible Bonds (FCCBs), which in a bull market were seen as a low-cost option for Indian companies to raise funds, are now turning out to be millstones around their necks. Faced with ballooning debt after the stock prices ...

India’s hi-tech lag
As India’s government gloats over its US-brokered entry into the world’s nuclear club, it may be sobering to examine the implications of some information collated in the recently released biennial Science and Engineering Indicators ...

Banks hiking merchants’ fees on card swipes
PRICING REVIEW. Mumbai, Sept. 8 Faced with shrinking interest incomes, banks are looking at all possible ways to increase their fee income. One way, they have decided, is to increase the merchant fees on their point of sales (POS) machines. ...

Car makers offer discounts to woo buyers
New Delhi, Sept. 8 After a sharp drop in domestic car sales growth rate, car makers such as Hyundai and Maruti have begun to offer discounts to revitalise sales to attract consumers who are shelving their purchasing plans due to high inflation ...

Subhiksha to raise $80-100 m FII funds
Chennai, Sept. 8 Close on the heels of the news of Wipro’s Azim Premji taking a 10 per cent stake in discount retail chain Subhiksha, the company now plans to raise $80-100 million by an investment from large foreign institutional ...

‘Multi-tenancy model gaining space’
Packaged software may soon go obsolete, says Salesforce.com. Hyderabad, Sept. 8 Multi-tenancy computing is expected to make inroads into India soon with large enterprises such as Merrill Lynch, Citibank, and scores of small and medium ...

Ashok Leyland-Nissan LCV project at ‘zero cost’
Leyland’s two ventures come under TN’s concession scheme. Chennai, Sept. 8 The VAT refund for 21 years for two different projects of Ashok Leyland practically means that the entire $500 million (Rs 2,200 crore) investments in the ...

Strong ‘low’, enhanced rains seen in AP, Orissa
Thiruvananthapuram, Sept 8 Sunday’s ‘low’ over northwest and adjoining west-central Bay of Bengal has weakened into an upper air cyclonic circulation but is seen triggering isolated heavy to very heavy falls over Andhra ...


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Markets (Sep 08)
Nifty (at 03.30 p.m)4478.35 (+126.05)
US Dollar (Buy/Sell)44.35/36
Brent crude (a bbl) Rs4,561
Gold (a gram) Rs1,093
Silver (a kg) Rs19,480


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