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Gold imports witness surge, reverse declining trend
International prices tumbled in August. Mumbai, Sept. 9 The sharp fall in gold prices has led to a steep rise in imports which had been recording a drastic decline from April onwards. ...
Big US, European firms cut IT spend: Study
Bangalore Sept. 9 The economic slowdown in North America and Europe has made 40 per cent of the large businesses cut their overall IT budgets, but companies were expanding their services spending by taking more activist sourcing approach to ...
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Growth story intact:
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TODAY'S PICK (Latest Audio: English/Tamil)
Nectar Lifesciences (Rs 378.05): Buy
We recommend a buy in Nectar Lifesciences at current levels, from a short-term perspective. From the charts of the company, it is clearly visible that it has been on an intermediate-term up-trend from its March low of Rs 168 (a 52-week low). ...
Day Trading Guide
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‘Nuclear power will be competitive’
Koodankulam supply may be priced at Rs 2.50 a unit. Chennai, Sept. 9 Electricity generated by nuclear power plants will be very competitive compared with thermal power stations located in the same region, according to Dr S.K. Jain, Chairman ...
Inflation momentum slowing: RBI Governor
‘India growth story is intact and credible’. Mumbai, Sept. 9 The current high level of inflation is short-term in nature and monetary policy measures will have an effect on it, said Dr D Subbarao, Governor, Reserve Bank of India. ...
Vedanta rejigs group cos under three businesses
Shares of Sterlite and Malco show extreme movement. Mumbai, Sept. 9 Shares of Sterlite Industries and Madras Aluminium Company Ltd (MALCO) showed extreme volatility on Tuesday prompted by confusion in the market regarding a corporate ...
Tech-equity swap with foreign partners likely
New Delhi, Sept. 9 It may soon be possible for Indian companies to undertake technology transfers or get the right to use brand name or trademarks of their foreign partners by issuing equity shares to the foreign collaborator instead of making ...
State-owned power units turning to banks for funds
Lending rates of specialised agencies higher. Bangalore, Sept 9 State-owned power producers are switching to the banking sector for sourcing project funds, in view of high interest rates from specialised funding ...
IT majors line up for BSNL’s Rs 500-cr deal
Foreign players may come on board as partners for ERP deployment. New Delhi, Sept. 9 IT majors including Infosys, Satyam, HCL and TCS have put in their bids for deploying ERP solutions for Bharat Sanchar Nigam Ltd. ...
Sharp drop in export of iron through 3 east coast ports
Kolkata, Sept. 9 Iron exports through the three east coast ports of Paradip, Visakhapatnam and Haldia have sharply dropped mainly due to the slump in international price of ore, presumably caused by reduced Chinese buying. ...
Toyota plans to bring vehicle financing arm to India
Co running pilot project of CNG-run Innova. Mumbai, Sept 9 Toyota is looking at bringing in its vehicle-financing arm, Toyota Financial Services, to India in its bid to boost market share . ...
Rising molasses prices hit liquor, chemical firms
Manufacturers turn to imports now. New Delhi, Sept 9 The tight supply position in sugar is spilling over to molasses and rectified spirit, with prices going through the roof much to the discomfiture of liquor companies and alcohol-based ...
Rupee decline to continue
The rupee moved conclusively below the 44-mark last week, spurred by dollar demand from importers. The spectacular rally in the dollar was the other factor that contributed to the rupee weakness. ...
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