Business Line wishes its readers
A HAPPY DEEPAVALI
Our office will remain closed today on account of Deepavali
and there will be no issue of Business Line dated 28th October 2008.
The News Updates of Business Line will resume on Tuesday morning. MANAGING DIRECTOR
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It’s not selling alone for FIIs
193 cos across sectors see FIIs raising stake in Sept quarter. Chennai, Oct. 26 If you think that foreign institutional investors are pressing only the ‘sell’ button in panic, think ...
Their lights have been knocked out
TANKING MARKETS. Mumbai, Oct. 26 For a group of 18- to 20-year-olds, the first investment they made in the stock market, and that too on borrowed money, was into Reliance Power. And one of the reasons for the choice of stock: the younger ...
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Global hit: A farmer at t...
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Punjab National Bank (Rs 419.60): Sell
We recommend a sell in Punjab National Bank from a short-term trading perspective. It is evident from the charts of Punjab National Bank that it was on a broad sideways consolidation in the range between Rs 440 and Rs 530 between late July and ...
Day Trading Guide
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Cotton farmers’ hopes belied as meltdown hits prices
Bullish price signals give way to disappointing results. Bhathinda (Punjab), Oct. 26 It happened to sugarcane in 2006. This time, it is happening to soyabean and cotton — a case of growers responding enthusiastically to bullish crop price ...
Flagship power reform scheme flounders as States misuse funds
Panel detects incorrect financial reporting amounting to Rs 676 cr. New Delhi, Oct. 26 The Government’s effort to reform the electricity distribution business is proving to be a case of throwing good money after bad. As the Centre’s ...
‘End-use restrictions on ECBs to stay for now’
New Delhi, Oct. 26 Even as the Government further liberalised the external commercial borrowing (ECB) policy to enable domestic companies get a better access to overseas funding in the current economic downturn in the developed markets, it ...
Panel upholds tax breaks for Essar Steel, Adani SEZs ‘with minor conditions’
New Delhi, Oct. 26 Faced with a potential slowdown of the economy, the beleaguered UPA government has taken a host of initiatives in resolving some of the outstanding issues plaguing the special economic zones (SEZs) that were caught in ...
Bear, bear, go away, retail investors want to play
Jogin (an economics student) and Mack (an American expat working in India) start celebrating Diwali before their friends Divya (a journalist) and Bidyut (an economics professor) can join them. Between bursting crackers and ...
Market outlook is still bleak
Overseas investors’ selling not to be halted any time soon. Weekly outlook for the equity market is bleak, to say the least. Foreign institutional investors’ sell-off is unlikely to ...
IT firms resort to ‘temporary’ hiring to beat US slowdown
Short-term staffing cos see boost in biz. Mumbai, Oct. 26The US slowdown has prompted Indian IT majors to increase hiring on a temporary or contractual basis; as a result, there is boost in demand for agencies that are in the short-term staffing ...
Gold may test resistance levels
Gold futures, ended higher on Friday as equities tumbled worldwide, boosting demand for the precious metal as a safe-haven. Gold is expected to fare better than other commodities as a global slowdown reduces demand for raw materials. There are ...
Weak sentiment across commodities
Mumbai, Oct. 26 It was a disastrous week for the commodities market. There was an across-the-board collapse covering especially industrial metals, base metals, precious metals, ferroalloys, scrap and ...
Shipping lines: Buffeted by an ill wind
“It is really scary,” was the first reaction of a leading Custom House agent in Chennai on the current market condition. His concern was the slowdown in the US and its impact on Indian trade. The negative data coming from the ...
Auto sales: Festive season sparkle missing
Market sentiment appears subdued. Hyderabad, Oct. 26 With the Dasera-Diwali festival and wedding season setting in, early pointers show that the overall automotive sales volumes are yet to pick up, according to Mr Jnaneswar Sen, ...
Bay bracing to witness cyclonic storm
Thiruvananthapuram, Oct 26 The deep depression in the Bay of Bengal (a numbered tropical cyclone 04B) is being credited with the attributes to blow up as a named cyclonic storm and roar into the West Bengal-Bangladesh coast by Monday ...
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