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After days of gloom, Diwali brings cheer to the markets
Sensex sees highest gain in a decade on new year day trading. Mumbai, Oct. 28 Samvat 2065 (new year) brought some sparkle to Indian stocks. The one-hour Muhurat (auspicious) trading on Tuesday saw the BSE Sensex gain nearly 500 points, after ...

Credit crunch not coming from banking system
Liquidity squeeze due to choking of funds from outside the domestic banking system. New Delhi, Oct. 28 For all the talk of liquidity squeeze and credit seizures, here is an interesting ...



From basics: A stock trad...
SEBI relaxes norms for promoters to up stake
Buying should not be through bulk/block deals. Mumbai, Oct. 29 Promoters can increase their stake up to 75 per cent through creeping acquisition, instead of 55 per cent ...


Subsidiaries of pharma MNCs brace for global economic chill
Mumbai, Oct. 28 When the cold wind blows, one has to think of how to deal with it, says Novartis India’s chief Mr Ranjit Shahani, of efforts taken by Indian arms of multinational drug-majors, as they brace themselves to tackle the ...

Finance Ministry wants 3G revenues to be separated
New Delhi, Oct 28 The Ministry of Communications and IT has told Parliament that the decision to allow operators to pay separate spectrum charges on the revenues earned from 2G and 3G services, respectively, was based on the suggestion given ...

Petronet looks to expand scope in Papua New Guinea
Gets nod for making investments in exploration, production biz. New Delhi, Oct. 28 Petronet LNG Ltd (PLL), which is into the business of importing liquefied natural gas (LNG) and setting up LNG terminals in the country, is all set to expand its ...

Hiring by top 5 cos down 36%
The financial crisis in the US continued to dampen hiring sentiments with net manpower addition by top 5 Indian IT companies combined tanking 36 per cent in July-September ...

Falling oil prices: Grab the opportunity for reform
Even as our policymakers grapple with the fallout of the global financial markets crisis on the country, there is at least one reason for them to cheer — the free fall in crude oil prices. Oil is down by more than half from its peak of $147 ...

SBI expects interest rates to soften
No change in lending, deposit rates for now: Bhatt. New Delhi, Oct. 28 State Bank of India expects interest rates to soften in the coming months. “Interest rates have peaked. You could see some moderation in the coming months,” the ...

ICICI Bank net flat on sluggish credit growth
Mumbai, Oct. 28 ICICI Bank reported flat growth of 1.1 per cent in net profit at Rs 1,014 crore for the quarter ended September 30, 2008, against Rs 1,003 crore last year due to lower non-interest income and sluggish growth in ...

Fall in demand hits cement cos realisation
Mumbai, Oct. 28 A sharp fall in demand from the housing sector due to the financial crisis seems to have restricted the cement companies’ efforts to pass on the rise in input costs to ...

Suzlon suspends rights issue plans
Mumbai, Oct. 28 Suzlon Energy Ltd has suspended its plans for a rights issue to raise Rs 1,800 crore, citing the current market ...

More media persons than brokers on puja day
Trading mantra: Wait and watch westward. Mumbai, Oct. 28 Sit out the bad times but facing westward for cues, for everything in the Indian stock market now hinges on the international markets and the pressure on that investment animal — the ...

Review pacts on airport revamp: House panel
AAI urged to retain staff at respective workplace. New Delhi, Oct. 28 The GMR and GVK group, which are taking up the modernisation of Delhi and Mumbai airports, could find themselves in a ...

Pvt equity deals in realty down to a trickle in Sept
Deals in real estate, infrastructure gross $3 billion in nine months. New Delhi, Oct. 28 Private equity (PE) deals in the real estate and infrastructure space grossed about $3 billion in value during the first nine months of 2008, over 9 per ...


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Markets (Oct 28)
Nifty (at close)2684.60(+160.40)
US Dollar (Buy/Sell)49.88/89
Brent crude (a bbl) Rs3,030
Gold (a gram) Rs1,128
Silver (a kg) Rs16,320


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