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RBI moves to inject liquidity to MFs; banks not enthused
Only 4 bids from banks worth Rs 3,500 cr. Mumbai, Oct 14 The scheme announced by the Reserve Bank of India on Tuesday to provide liquidity to mutual funds, which are facing redemption pressure, turned out be a damp ...
Liquidity situation is comfortable: Subbarao
New Delhi, Oct. 14 The Reserve Bank of India Governor, Dr Duvvuri Subbarao, on Tuesday said that the liquidity situation was comfortable and that financial markets were under control following measures in the past few days to infuse ...
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TODAY'S PICK (Latest Audio: English/Tamil)
Tata Communications (Rs 494.85): Buy
We recommend a buy in Tata Communications from a short-term horizon. It is apparent from the charts of Tata Communications that it has been on an intermediate-term uptrend from its 52-week low of Rs 332 recorded in early July. The ...
Day Trading Guide
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Markets pare early gains on State polls announcement
Mumbai, Oct 14 The Sensex and the Nifty shed most of their early gains on Tuesday and closed with a moderate rise of 1.5 and 0.8 per ...
GE gears up for civil nuclear play
Plans include setting up new reactors, plant services. New Delhi, Oct. 14 General Electric Co is in the fray for contracts in India across the nuclear power generation cycle, including setting up new reactors and plant services, as well as ...
Gold ETF asset base gains 12% in September
Mumbai, Oct. 14 The five listed Gold ETFs saw their asset base increase by 12 per cent in September as the rupee depreciated and investors shied away from ...
Tata Motors buys majority stake in Norwegian firm
Move expected to boost co’s plans for electric vehicles. Mumbai, Oct. 14 Tata Motors has picked up a majority stake in Norway-based Miljo Grenland/Innovasjon, which specialises in developing solutions for electric ...
‘Domestic factors to pressure Indian banks’
Crisil sees limited vulnerability to global exposure. Mumbai, Oct. 14 The prevalent domestic factors are more responsible for the pressures on the Indian banking system rather than global factors, says rating agency ...
The travails of 3G services
It was way back in 2004 that the Telecom Regulatory Authority of India (TRAI) gave its recommendations to the Government on the need to promote broadband services in the country and outlined how this could be done. A key recommendation ...
Gartner sees cut in IT budgets in 2009
Lowers growth forecast by more than half in the wake of global crisis. Bangalore, Oct. 14 Research firm Gartner Inc said global economic problems could impact next year’s IT budgets while lowering growth forecast by more than half from its ...
Ad spend on big-ticket items may dip this festive season
Credit slowdown seen to impact consumer spending. Mumbai, Oct. 14 Slowdown in credit disbursals could lead to a 25 per cent dip in ad spends this festive season, especially of big ticket categories such as automobiles, real estate and consumer ...
Northeast monsoon winds fan into South China Sea
Thiruvananthapuram, Oct 14 The northeast monsoon current has established itself over the South China Sea and parts of the adjoining Indo-China landmass packing winds gusting to 20 to 35 knots (37 to 64 km/hr) on Tuesday according ...
Short-term strength in rupee(Latest Audio:English/Tamil)
It was absolute pandemonium in foreign exchange markets last week. Extreme risk-aversion caused unwinding of the yen carry trade, making the yen strengthen to 97.9 against the dollar, the dollar strengthened as money flowed into US equities ...
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