The Hindu Business Line : Tuesday, October 21, 2008

Reserve Bank cuts repo rate to ease credit squeeze
Banks say they will look at reducing the interest rates. Mumbai, Oct. 20 Ahead of its monetary policy review scheduled later this week, the Reserve Bank of India on Monday slashed its key short-term interest rate – Repo rate – by ...

Another step to improve liquidity: Chidambaram
New Delhi, Oct. 20 The Finance Minister, Mr P. Chidambaram, on Monday said that the 100 basis point cut in repo rate was another measure in the series of steps announced since October 6 to improve liquidity in the ...

Top-line growth: M... TODAY'S PICK (Latest Audio: English/Tamil)
NTPC (Rs 151.50): Buy
We recommend a buy in NTPC from a short-term trading perspective. It is clearly visible from the charts of NTPC that the stock has been on a medium-term down trend from its July high of Rs 197, forming lower bottoms and lower tops. Recently, ...

Day Trading Guide

Sensex gains 247 points in a volatile market
Mumbai, Oct. 20 The Sensex ended a volatile session on Monday with a gain of 247 points, after three days of continuous decline. The benchmark index closed at 10223.09, up 2.48 per cent from Friday’s ...

Indian Hotels net slips 5% on exchange loss
Mumbai Oct. 20 Indian Hotels Co Ltd, a Tata Group entity that runs the Taj Hotel chain, reported a nearly 5 per cent dip in net profit for the quarter ended September 30, 2008, at Rs 50.66 crore against Rs 53.24 crore in the corresponding ...

Approval sought for issuing oil bonds worth Rs 65,942 cr
Demand for grants put at Rs 2,37,265 cr. New Delhi, Oct. 20 The Union Finance Minister, Mr P Chidambaram, on Monday sought Parliament nod for issuing oil bonds worth Rs 65,942 crore to oil marketing companies towards estimated “under ...

Ranbaxy promoters sell stake off-market to Daiichi Sankyo
Singh family has to pay transaction tax of Rs 1,000 cr. New Delhi, Oct. 20 Putting to rest all speculation on the status of its deal with Daiichi Sankyo, Ranbaxy Laboratories Ltd on Monday announced that the Japanese pharma company has acquired ...

SEBI warns of stern action against lending shares overseas
‘Stronger measures will be taken if necessary’. Mumbai, Oct. 20 SEBI has warned FIIs that overseas lending and borrowing of Indian securities could result in stern ...

19% dip in passengers for domestic airlines in Sept
Kingfisher, JetLite & Paramount fare well; Air Deccan biggest loser. New Delhi, Oct. 20 The slowdown in the domestic aviation industry continues to affect almost all the ...

Sugar bucks declining trend in commodity prices
Fundamentals bullish; shortfall projected to be higher. New Delhi, Oct 20 If there has been any one commodity close to being an oddball in recent times, it would perhaps be ...

$108-b opportunities in Japan: Nasscom
Service providers urged to tap high-end market; US crisis impact to last a year. New Delhi, Oct. 20 Software association Nasscom on Monday asked the Indian IT industry to look at opportunities in the $108-billion Japanese IT services market, ...

‘No regulator can control greed and fear’
Our Bureau Mumbai , Oct. 20 The lesson that has emerged from the current market crisis worldwide is that two factors define people’s irrationality, and those are fear and greed, said Mr C.B. Bhave, Chairman, ...

Storm over Arabian Sea, whirl in Bay
Thiruvananthapuram, Oct 20 A preparatory cyclonic circulation has sprung up over southwest Bay of Bengal ahead of a likely ‘low’ expected to materialise over the same region during the next two ...