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Indian editions of foreign news magazines allowed
Foreign direct investment capped at 26%. New Delhi, Sept. 18 In a departure from the existing norms, the Government on Thursday allowed Indian editions of foreign news and current affairs magazines stipulating a 26-per cent foreign direct ...
Domestic buying lifts Sensex 788 points intra-day
Mumbai, Sept. 18 Heavy buying by domestic institutional investors and short covering pulled the Sensex up by a staggering 788 points from its intra-day low of 12,558 points ...
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Rolling out the red carpe...
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TODAY'S PICK (Latest Audio: English/Tamil)
Indian Overseas Bank (Rs 110.45): BUY
We recommend a buy in Indian Overseas Bank from a short-term trading perspective. From the charts of the bank it is clearly visible that it has been medium-term uptrend from its 52-week low of Rs 69, recorded in July. We notice an ...
Day Trading Guide
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Karnataka offers 1,000 acres for Nano plant
Bangalore, Sept. 18 Tata Motors said on Thursday the Karnataka Government was willing to offer 1,000 acres of land and other incentives to the company if it had plans to relocate the Nano small car project to the ...
Gold ETFs gain favour; collections rise 14% in August
Hedge against uncertainty. Mumbai, Sept. 18 The high uncertainty in the financial markets coupled with the fall in gold prices last month worked in favour of the five listed gold ETFs in the country, whose collections rose 14 per cent in ...
AIG bailout likely to impact Indian aviation
Large part of private civil aviation sector is lease financed by its subsidiary. Bangalore, Sept. 18 The financial bailout of the world’s largest insurer the American Insurance Group (AIG) is expected to have its reverberations on the ...
Indian developers are top users on Forum Nokia
GROWING INTEREST. New Delhi, Sept. 18 Indians are not just populating social networking sites such as Orkut and Facebook on the Internet, they are also leading the pack when it comes to technology and applications ...
Overseas exposure by most Indian banks insignificant
‘ICICI Bank likely to see more marked-to-market losses’. Mumbai, Sept. 18 When ICICI Bank said it had an exposure of €57 million (approximately $80 million) in the senior bonds of Lehman Brothers, analysts were wondering what ...
No immediate material impact, Tata AIG assures policyholders
Mumbai, Sept. 18 Tata AIG Life, an insurance venture between Tata Sons and American International Group (AIG), on Thursday sought to re-assure its policyholders that the Wall Street turmoil would not have any “immediate ...
Ventilator to escalator: The intriguing dollar story
Here is a fascinating story. It was the US, in the early 1970s, that had redefined the rules of currency pricing and made it rest on economic fundamentals and free market mechanism. But today its currency is defying the very rules the rest of ...
HCL Tech keen on acquisition of up to $1-2 b
Seeks ‘transformational’ buy in US or Europe. New Delhi, Sept. 18 Even amidst the ongoing global financial turmoil, India’s fifth largest IT services exporter HCL Technologies said on Thursday it would be keen on large ...
Fall in cement output helps companies hold prices
Production in August down 10.23% at 13.16 million tonnes. Mumbai, Sept. 18 The sharp fall in cement production in August seems to have helped companies hold the prices despite the slump in demand in ...
Quality fears grip tea sector as exports rise
Industry suspects soaring price could lead to adulteration. Chennai, Sept. 18 Tea exports up to July this year have topped the 100 million kg (mkg) margin. In normal circumstances, the industry should be happy after shipments fell last year by ...
FIIs continue selling spree
Morgan Stanley shows up an even bigger selling list. Mumbai, Sept. 18 The panicking FIIs seem to be desperate to exit their positions as it is quiet evident from the increasing list of bulk deals on both the NSE and BSE where they have been ...
Rain deficit gets cut back to 2%
Thiruvananthapuram, Sept. 18 Some heavy to very heavy amounts of rainfall pelting parts of the peninsula, central and west-central India during the week ending Wednesday has helped knock off a full percentage point from the all-India ...
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