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Diageo, 2 others keen to take stake in United Spirits
UB, Heineken in discussions to resolve Asia-Pacific Brewery issue. Bangalore, Sept. 10 The world’s largest liquor company Diageo, which makes Smirnoff vodka and Johnnie Walker whisky, and two other companies have expressed their ...
Mittal projects face 50% cost overruns
Land acquisition, mining lease major hurdles. New Delhi, Sept 10 Arcelor Mittal, the largest steel manufacturer in the world, is anticipating a major cost overrun to the tune of around 50 per cent in its investments in Orissa and Jharkhand due ...
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Exuding optimism: ...
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TODAY'S PICK (Latest Audio: English/Tamil)
Cummins India (Rs 298.20): Sell
We recommend a sell in Cummins India from a short-term point of view. We notice in the charts of Cummins India that the stock has commenced a medium-term up move following the reversal from the support at Rs 225 in early July. However, this up ...
Day Trading Guide
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Rupee breaches 45-mark on strong dollar purchases
Mumbai, Sept. 10 The rupee depreciated by 26 paise against the dollar on Wednesday, to levels last seen in November 2006. ...
Some steel cos cut prices by Rs 2,000
Mumbai, Sept. 10 Primary steel makers appear to be under pressure from softening global prices. On Wednesday, JSW Steel and Ispat Industries said they have cut prices by about Rs 2,000 a tonne with effect from September 1. ...
Cabinet panel to assess impact of iron ore export tax
Miners’ body claims levy has adverse effect. New Delhi, Sept. 10 The Cabinet Committee on Prices (CCP) has asked for details of the impact of imposition of export tax on iron ore on domestic prices from the Ministry of ...
‘Home loan delinquencies may rise on reckless lending’
There is no substitute for prudent lending, says HDFC chief. Mumbai, Sept. 10 Some banks in India may see delinquencies in the home lending going up, due to reckless lending, said Mr Deepak Parekh, Chairman, HDFC. ...
Etisalat close to buying 51% stake in Swan Tele
UAE telecom major may have to face security-related hurdles. New Delhi, Sept 10 UAE’s telecom giant Emirates Telecommunications Corp (Etisalat) is close to picking up a majority stake in Mumbai- based Swan Telecom. ...
‘Equipment purchase will be linked to guarantee of lifetime fuel supply’
The deal is done and now the spotlight shifts to the only company authorised by law to set up nuclear power projects in the country — the Nuclear Power Corporation of India Ltd. In an interview to Business Line, the ...
Challenges before the new RBI Governor
Dr D. Subbarao has taken over from Dr Y. V. Reddy as the Reserve Bank of India’s Governor at a time of uncertainty on various counts: a slowdown in the world economy in the wake of the sub-prime crisis, rising tensions in Central Asia on ...
GE eyes acquisitions in India
Especially in infrastructure, healthcare, media space. New Delhi, Sept. 10 General Electric Co (GE) is scouting for acquisitions to scale up its presence in India. The diversified engineering and services major is looking across a gamut of ...
Banks run short of SLR securities
Surge in deposits results in chase to meet mandatory obligations. Bangalore, Sept. 10 Faced with an upsurge in deposit growth, banks are currently faced with a shortage of Government securities for complying with the Statutory Liquidity Ratio ...
‘Fly’ harvesting of coffee begins
Coffee Board estimates production at 2.93 lakh tonnes. Chennai, Sept. 10 With coffee plantations receiving early blossom showers in March this year, “fly”-harvest of the berries has already begun in some of the ...
BigFlix to scale up; plans downloads thru set-tops
To spend Rs 25 crore on marketing campaign. Chennai, Sept. 10 Movie rental service BigFlix.com plans to expand its presence in the ten cities it is present in now. The total number of stores in these cities will go up to 200 from 120 by ...
OPEC may defend prices in case of fall below $100
Will crude breach the magical $100 a barrel mark and move down to double digits after an extraordinary bull run of last several months? This is the multi-million dollar question in everyone’s ...
‘Low’ strengthens as Bay beeps for successor
Thiruvananthapuram, Sept 10 The tail of a passing Madden-Julian Oscillation (MJO) wave of enhanced wet weather transiting the Bay of Bengal and walloping the South China Sea/Northwest Pacific is churning these seas concurrently. ...
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