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IT stocks turn bearish, pull Sensex down to 14,000
Companies unable to reap benefits of depreciating rupee. Mumbai, Sept. 12 The Sensex fell more than 2 per cent on Friday, partly due to the unusual phenomenon of IT stocks declining even as the rupee is depreciating against the dollar. ...

Forex reserves down $6.5 b
Mumbai, Sept. 12 Forex reserves declined by $6.498 billion in the week ended September 5, three times as much as it did a week ago, chiefly because the dollar appreciated against other global currencies. ...



Developing ties: A...
Industrial growth touches 5-month high of 7.1% in July
Capital goods, consumer durables do well. New Delhi, Sept. 12 High growth in production of capital goods and consumer durables in July 2008 pulled up the Index of Industrial Production (IIP) to a five month high of 7.1 per cent, though it ...


No breakthrough in Singur talks
Kolkata, Sept. 12 The third round of talks between the West Bengal Chief Minister, Mr Buddhadeb Bhattacharjee, and Trinamool Congress leader, Ms Mamata Banerjee, failed to provide a breakthrough to the impasse over return of land from within ...

IOC may take 2 mt of Cairn’s crude
Looking at a discount of $18 a barrel. Panipat, Sept. 12 Indian Oil Corporation Ltd (IOC) has indicated that it could take about 2 million tonnes of the crude Cairn India plans to produce at its Barmer oil field in Rajasthan, as long as it is ...

Swatch plans joint venture for Indian market
Decides to build a dedicated distribution network. The Swatch group, the world’s largest watch company with annual revenues of $ 6 billion, is now seriously eyeing the Indian subcontinent as a good market to expand. ...

3G spectrum charges not on combined revenues
Shift in DoT stance may help faster roll-out as operators stand to gain. New Delhi, Sept. 12 Existing cellular players have got another incentive for rolling out third-generation mobile services quicker. The Department of Telecom has decided ...

Kharif rice output to top 84 m tonnes: Pawar
Spike in coverage under rice, soyabean, castor. New Delhi, Sept 12 The Union Food and Agriculture Minister, Mr Sharad Pawar, on Friday, expressed confidence that the country’s rice production during the current kharif season “will ...

EPFO to transfer funds to pvt managers on Monday
First phase of transfer to take place 3 days ahead of CBT meeting. New Delhi, Sept. 12 The Employees Provident Fund Organisation (EPFO) has decided to transfer funds to newly-appointed private fund managers on September 15, senior officials in ...

Markets this week(Latest Audio:English)
The much awaited NSG-waiver for India coming through and the US Government decision to bail out mortgage finance companies Fannie Mae and Freddie Mac gave a boost to Indian stocks on Monday. The former lifted the power and capital goods stocks, ...


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Markets (Sep 12)
Nifty (at close)4228.45(-61.85)
US Dollar (Buy/Sell)45.65/66
Brent crude (a bbl) Rs4,357
Gold (a gram) Rs1,051
Silver (a kg) Rs17,820


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