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SMEs, services account for three-fourths of credit offtake
No real problem with credit till August-end. New Delhi, Nov. 10 Small and medium enterprises (SMEs) and services accounted for nearly three-fourths of the incremental non-food credit provided between August 2007 and August 2008 even as ...
Chinese stimulus package buoys markets
Sensex rises 572 points, Nifty up 5.89%; Asian markets react positively. Mumbai, Nov. 10 The equity market snapped its four-day losing streak on Monday as world markets surged after China announced a massive economic stimulus ...
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Power equation: Mr...
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TODAY'S PICK (Latest Audio: English/Tamil)
Hindustan Construction (Rs 58.8): Buy
Investors can buy Hindustan Construction Company at current levels with a short-term perspective. The stock bottomed at Rs 30.1 on October 27 after a protracted down trend. It had rebounded from this support in January 2005 too. ...
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ICICI Home Finance offers 11.15% on fixed deposits
Limited period offer valid up to Nov 30. Mumbai, Nov. 10 ICICI Home Finance, the housing finance arm of the largest private sector bank in the country, on Monday announced a fixed deposit scheme offering 11.15 per cent interest a year, probably ...
IndiGo beats headwinds, plans to hire more staff
New Delhi, Nov. 10 At a time when several domestic airlines are looking to prune their staff strength, the Delhi-based low cost airline, IndiGo, is on the look out for more pilots, cabin attendants, customer service and airport service ...
Tech spend to depend on pace of recovery
Vendors do not see surge in projects in current quarter. Bangalore, Nov. 10 US companies are now seen better placed to chart their outsourcing strategy with the completion of the Presidential polls, but technology spending in calendar 2009 could ...
Strapped for cash, NBFCs ask Govt for more
Sharp decline in disbursements, says Crisil. Mumbai, Nov. 10 Non-banking finance companies are facing severe shortage of funds despite the Reserve Bank of India providing a special window to banks to help NBFCs. The situation is so severe that ...
Young cricketers set to bowl over advertisers
‘Whoever has delivered will be noticed and picked up’. Mumbai, Nov. 10 Bowlers may get the chance to play on a stronger wicket now as far as sponsorship is concerned. India’s test series win against Australia after a long ...
Retailers put brakes on expansion
To focus on optimising space, improving performance. New Delhi, Nov. 10 Faced with a slowdown, retailers are revisiting their business plans by slowing down on expansion, closing economically unviable stores, optimising space ...
Target prices of India Inc weighed down
Post-revision, stocks still have upside potential. Chennai, Nov. 10 The stock market turmoil might have prompted some downward revision in stock prices but global brokerage houses are bullish on quite a few Indian ...
Trading terminals of 124 brokers disabled in October
Deactivation signifies lack of liquidity, say brokers. Mumbai, Nov. 10 The number of broker-member terminals deactivated by the NSE in October was more than double the deactivations in the ...
L&T consortium wins Mumbai monorail deal
Rs 2,460-crore order for developing 19.54-km stretch. Mumbai, Nov. 11 Larsen & Toubro and Malaysia-based Scomi Engineering Bhd will together build the country’s first monorail system in ...
Bharat Forge, Alstom to form two joint ventures
To manufacture equipment for power sector. New Delhi, Nov. 10 Bharat Forge Ltd and Alstom Ltd will form two joint venture companies for manufacturing equipment for power sector, the companies announced ...
‘We’ve spooked ourselves into thinking there is a slowdown’
It’s a crisis of confidence, says L&T’s J.P. Nayak. Most of today’s problems in India have come as a result of sudden disappearance of liquidity; it is not that the demand has gone ...
BoE rate-cut: Barking at the moon?
In what is being hailed as an unprecedented move in more than half a century, the Bank of England on Thursday (November 6) cut interest rates by 1.5 percentage points, beating the most optimistic expectations by half a percentage point. ...
Cos in wait and watch mode, go slow
CAMPUS CONCERNS. Hyderabad, Nov. 10 This Diwali brought no cheer to Mr Sridhar (name changed), a final year BE student at Gayatri Vidyarthi Parishad college in Visakhapatnam, who is among the 59 students selected for Infosys a few ...
Exporters bearish on maize export prospects
Prices crash on fresh arrivals; shipments may pick up in Dec. Chennai, Nov. 10 Corn (maize) exporters are bearish on export prospects in the short-term but are expecting a pick-up from around December. On the other hand, with arrivals beginning ...
Peninsular rains to rev up ahead of ‘low’
Thiruvananthapuram, Nov. 10 Rainfall activity over parts of the south peninsula, especially the extreme southeast, is forecast to scale up Wednesday onwards ahead of a brewing low-pressure area over southeast Bay of ...
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