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Subdued profit growth amid healthy sales Companies’ sales continue to grow at a healthy pace, but higher input prices and interest costs have curtailed profit growth to the single ... Moon mission launched Sriharikota, Oct. 22 Chandrayaan-1, the Indian satellite that would take a peek at the moon from close quarters, was carried into space this morning by the PSLV-C11 rocket, amid threats to the launch from a particularly ...

Sorting out issue: The Pe...	TODAY'S PICK (Latest Audio: English/Tamil) Rural Electrification Corporation (Rs 70.25): Sell We recommend a sell in Rural Electrification Corporation from a short-term perspective. It is apparent from the chart of Rural Electrification that it has been on an intermediate-term downtrend since the day of its listing in March. The ... Day Trading Guide

TCS posts marginal rise in Q2 net on forex hedging losses
Mumbai, Oct. 22 The country’s largest software company Tata Consultancy Services reported flat growth in net profit for the second quarter ended September 2008 as it encountered losses related to forex hedging and made provisions for ...

Wipro Q2 profit grows 19%; muted outlook forecast
Bangalore Oct. 22 Software-to-soap maker Wipro Ltd said its second quarter profits grew almost by a fifth aided by a weak currency and operational efficiencies, but forecast a muted outlook for its IT business in the December quarter ...

Bank of India Q2 net rises 80% on robust credit growth
Mumbai, Oct 22 Bank of India reported an 80 per cent growth in second quarter net profit, beating analysts’ ...

‘Centre may overshoot fiscal deficit target’
Policy rates review if inflation continues to moderate: Chidambaram. New Delhi, Oct. 22 For the first time, the Finance Minister, Mr P. Chidambaram, has conceded that the Government may overshoot the fiscal deficit target for the current ...

Rupee to test 50
The rupee recorded a new all-time low at 49.49 on Wednesday as equity markets tumbled across the globe, making funds flee out of emerging markets. Foreign Institutional Investors have pulled out over $2.8 billion from Indian stock markets ...

Pressure to lift export tax on basmati intensifies
Paddy realisations ruling 10-12% lower than last year. The pressure on lifting of the current Rs 8,000-a-tonne duty on export of basmati rice is intensifying, with paddy realisations for farmers ruling 10-12 per cent lower compared to ...

Moody’s cuts Tata Steel’s outlook to negative
‘Change reflects challenging conditions for company’. Mumbai, Oct. 22 Global rating agency Moody’s Investors Service on Wednesday changed Tata Steel outlook on its Ba1 corporate family rating to negative from ...

SEBI expresses displeasure once again
Mumbai, Oct. 22 Twelve foreign institutional investors met with SEBI on Wednesday, to be told again of the regulator’s disapproval of overseas lending and borrowing of Indian stocks ...

Fresh storm threat for Arabian Sea, Bay
Thiruvananthapuram, Oct. 22 Tropical Cyclone 03 may be weakening as a depression in the Gulf of Aden and wheeling towards the Yemen coast for a quite landfall, but another ‘low’ is shaping up in its wake over southeast Arabian ...

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