The Hindu Business Line : Thursday, November 06, 2008

‘We can’t let Main Street suffer’
A dramatic victory amid daunting economic crisis. New Delhi, Nov. 5 From a no-experience Senator of just over two years to the President of the US; from the log cabin to the White House; from the Civil War of 1861-1865 to Martin Luther ...

‘IT critical for US competitiveness’
Nasscom confident President-elect Obama will be pragmatic. Bangalore/New Delhi/ Hyderabad, Nov. 5 Notwithstanding past apprehensions over Democrat Mr Barack Obama’s anti-outsourcing stance during the run-up to the polls, the Indian IT ...

The West Bengal Chief Min... TODAY'S PICK (Latest Audio: English/Tamil)
Areva T&D (Rs 176.05): Sell
We recommend a sell in Areva T&D India from a short-term trading perspective. It is apparent from the charts of Areva T&D India that it has been on a medium-term downtrend from its September high of Rs 366. The stock commenced ...

Day Trading Guide

BoI cuts lending rates by 75 bps
Mumbai, Nov. 5 Bank of India on Wednesday announced a 75 basis points cut in its benchmark prime lending rate to 13.25 per cent with effect from November 6. The bank has also decided to reduce deposit rates by 50 basis points with effect ...

October gold imports down 27%
Mumbai, Nov. 5 Sharp fall in the value of the rupee against the dollar has taken a heavy toll on gold imports even as prices came down on eve of Diwali and Dhanteras - the two occasions when buying gold is ...

Credit squeeze may hit agri-lending target
The amount aimed at is Rs 2,80,000 crore. New Delhi, Nov. 5 The ongoing liquidity squeeze could affect one of the ruling United Progressive Alliance (UPA) Government’s top accomplishments - the significant step-up in institutional credit ...

Centre clears farming of vannamei shrimp
Notifies norms for import, cultivation of species. Responding positively to the long pending demand of the aquaculture and seafood export industry, the Union Ministry of Agriculture has granted permission to farm the exotic Litopenaeus Vannamei ...

Indian IT cos will continue to grow business: Gates
‘Current economic imbalances could create some weakness’. New Delhi, Nov. 5 Lauding Indian IT industry for building an “incredible reputation”, the Microsoft Founder and the second richest man in the world, Mr Bill Gates, ...

Industry hopes Obama will go by American business needs
Bangalore/Hyderabad, Nov. 5 Apprehensions of unfavourable policies on offshoring by the new Government in the US took a back seat as the Indian IT industry affirmed that offshoring is basically driven by business needs and the Government ...

Rupee faces resistance at 47
There was another bevy of policy rate cuts and easing of reserve requirements by central banks across the globe last week to stabilise financial markets. Equities finally deigned to take note of these frantic efforts and a smart rally ensued ...

Pharma cos may gain in talent due to US slowdown
Shift in staff preference from banking, IT likely. Hyderabad, Nov. 5 The pharmaceuticals industry may stand to gain from the economic slowdown in the US and parts of Europe as far as the availability of quality manpower ...

A few funds capitalise in recent rally
Some could not gain as much due to high cash position. The bellwether indices and stocks that feature in them have notched up significant gains from their low of October 27. But with the rally taking almost everybody by surprise, have equity ...

Tata Motors declares 3-day closure of Jamshedpur plant
To avoid inventory build-up. Mumbai, Nov. 5 Hit by a slowing demand, Tata Motors has decided to shut down its Jamshedpur plant for three days from ...

Cos keep away from ECB route as spreads remain high
Bangalore, Nov. 5 Access to the international credit markets remained choked off for domestic corporates keeping the pressure on domestic ...

Sulking easterlies extend cold snap in South
Thiruvananthapuram, Nov. 5 The near total absence of easterly to northeasterly winds continued to provide the perfect ruse for colder westerlies from northwest India to fan out into the peninsula along the southern flank of a ...

No pessimism over Obama win
Mumbai, Nov. 5 Despite America’s newly elected president, Mr Barack Obama’s anti-outsourcing stance, brokers here did not seem too pessimistic of what it would mean for the ...