The Hindu Business Line : Sunday, October 12, 2008

Stocks now valued at 2005 level
Views differ on whether valuations are attractive enough to buy. Ever wondered what it would have been like to buy stocks at rock-bottom prices before the recently ended bull run gained ...

ICICI Bank sends SMS to allay fears of depositors
Mumbai, Oct. 11 Many ICICI Bank customers received SMS messages on their mobile phones on Saturday, assuring them that their deposits with the bank are ...

Expanding trade: T... Not learning from history
As the world struggles in the throes of a credit crisis, it seems appropriate to recount some (un)forgettable meltdowns of the twentieth century, the economics behind them and the panic that they created. Each of these major crises had features ...

Geojit Financial net drops 58% in Q2
Shrinking volumes tell on broking firms. Mumbai, Oct. 11 Thinning volumes on the stock exchanges are bringing down profits at broking firms, as the second quarter results of two brokerages ...

NPCIL to go into details with 4 reactor suppliers
New Delhi, Oct. 11 Nuclear Power Corporation of India Ltd (NPCIL) is set to commence formal negotiations with the four short-listed reactor vendors - Areva NP of France, GE-Hitachi and Westinghouse Electric and Russian firm Atomstroyexport - ...

Airlines brace for lower occupancy on international routes
SLOWDOWN CHILLS. New Delhi, Oct. 10 It will be a harsh winter for the airline industry. The slowdown in the global economy could impact both domestic and international airlines flying on several international routes. Both segments – ...

Index Outlook
Last week’s rout in stock prices was on a scale that none of us have witnessed in our lifetimes. Sample this, the Dow Jones Industrial Average declined 18 percent, its worst weekly decline ever, Nikkei crashed 18 per cent in just ...

Infosys Technologies: Buy
Investors with a one-two year perspective can buy the shares of Infosys Technologies, considering its attractive valuations and reasonable business prospects, despite the current rough ...

Magnum Contra Fund: Invest
The fund hasn’t fared too well in the recent meltdown, with the year to date NAV correcting by more than 50 per cent. However, the good long-term record and the fund’s flexicap mandate make it a reasonable investment at this ...

Tata Motors — Rights Offer: Avoid
Rights offer price of Rs 340 a share (ordinary) and Rs 305 an ‘A’ share; current market price of Rs 292 a share. Posed with this equation, it should be obvious to any shareholder of Tata Motors (TML) on what the response should be ...

HCL Tech does not rule out new bidder for Axon
New Delhi, Oct. 11 Even as Infosys has withdrawn from the race to acquire Axon Group, HCL Technologies —currently the sole bidder for the UK-based SAP consulting firm — is still not ruling out the possibility of a third player ...

NHPC postpones IPO plan on market crisis
NHPC Ltd has postponed its plans to go public due to turbulence in the capital ...

Weekly News Round-up
In a bid to ease the current cash crunch in the financial system, the Reserve Bank of India last week effected a cut of 150 basis points in the cash reserve ratio to 7.5 per cent from 9 per cent. The first CRR cut of a 50 basis points was ...

Satyam refutes reports on World Bank bar
Hyderabad, Oct. 11 Satyam Computer Services has refuted reports in the international media that World Bank has barred it from doing offshore work. The reports said the bank had taken this decision after noticing reported intrusions into ...

GlaxoSmithKline Consumer Healthcare: Buy
FMCG stocks have withstood the market fall better than others, but with the ongoing ‘flight to safety’ bidding up their prices, frontline stocks in the sector are now quite expensive in relation to the rest of the ...

Lifting the gloom: More policy play needed than simple assurances
Mumbai, Oct. 11 Just how deep-seated the fears about catching the credit crunch infection were in India became evident when the ICICI Bank stock fell 20 per cent at close of last week despite assurances by the Finance Minister and the ...