The Hindu Business Line : Wednesday, November 19, 2008

‘Cut prices, not production, to tackle demand slowdown’
Govt levies import duty on steel products, crude soyabean oil. New Delhi, Nov. 18 Imports of pig iron and certain specified iron and steel items such as semi-finished products, flat and long products would now become dearer. The Government on ...

Difficult to cut prices: India Inc
New Delhi, Nov. 18 The Finance Minister, Mr P. Chidambaram’s call to India Inc to slash prices of products in order to spur demand was met with lukewarm response from industry captains. Automobiles, real estate, airlines and hotels ...

Stimulate demand: The Fin... TODAY'S PICK (Latest Audio: English/Tamil)
Kotak Mahindra Bank (Rs 308): Sell
We recommend a sell in Kotak Mahindra Bank from a short-term trading perspective. It is evident from the charts of Kotak Mahindra Bank that it has been on a long-term downtrend since its all-time high of Rs 1,435 recorded in early January. ...

Day Trading Guide

Plan panel to identify projects to raise public expenditure
Hopes to come out with additional expenditure package soon. The Planning Commission is working on identifying existing public work programmes that could be stepped up during the course of the current fiscal, as part of the fiscal measure to ...

No fresh credit risk cover for vendors of US auto giants
Credit rating of US auto industry deteriorating. The Export Credit Guarantee Corporation (ECGC) has frozen issue of fresh credit risk insurance (CRI) cover to Indian component vendors of US auto giants General Motors, Ford Motors ...

Textile exporters to US face payment defaults
ECGC gets claims of Rs 100 cr. Mumbai, Nov. 18 Nearly a dozen Indian exporters, mainly of textiles, are facing payment defaults to the tune of Rs 100 crore by US importers who have ...

Gloom over Citigroup job cuts spreads; Sensex sheds 353
The gloom that swept across global markets following Citigroup’s announcement it would axe 50,000 employees took India in its sweep too, sending the benchmark indices plunging four per ...

‘RBI likely to take more monetary measures’
Repricing of credit only when there is enough liquidity: Kamath. New Delhi, Nov. 18 If the decline in inflation continues, it will bring in stability and lend confidence to the banking system to reduce lending rates, the Managing Director, ICICI ...

Rupee to re-test 50
Foreign exchange markets were in a state of turmoil over the past week as the list of countries slipping into recession kept growing ...

CA banks on Indian demand for growth
India strategy: More engagements with partners, new verticals. Las Vegas, Nov. 18 CA, the IT management and security solutions vendor, is betting on strong demand in India and Japan to drive growth even as it seeks to increase revenues from the ...

Textile cos focus on rightsizing
Face reduction in demand as overseas orders shrink. Ahmedabad, Nov. 18 ‘Rightsizing’ is the buzz word in the textile industry, beginning at the top of the ladder where CEOs and CFOs are changing their office ...

Midcaps fare better than large-caps in recent fall
‘FIIs, hedge funds focus in pivotals could be a reason’. BL Research Bureau Investors are usually warned to stay away from mid- and small-cap stocks in highly volatile markets, as they may be more vulnerable to stock market ...

News of shutdowns, output cuts sends stocks crashing
Eight cos lose between 14 and 45% following announcements. Mumbai, Nov. 18 Stock prices of companies that have recently announced partial shut downs or production cuts at their manufacturing plants have taken a beating in the past ...

Export sops: Marginal relief for cement cos
Limited to shipments to Latin America, Africa, Eastern Europe. Mumbai, Nov. 18 The export incentives offered by the Government will have little impact on the prospects of the beleaguered cement companies as the benefits are restricted to ...

RBI steps not a certainty to banks increasing lending
RBI’s measures announced recently may help reduce capital adequacy requirements for banks and help them lower their provisioning, should they choose to ramp up lending to sectors such as NBFCs, real estate and SMEs, to drive ...

Panel asks Ministry to cut air fares as fuel prices fall
With the prices of aviation turbine fuel coming down, a committee headed by the Cabinet Secretary, Mr K.M. Chandrasekhar, has asked the Civil Aviation Ministry to examine possibility of cutting air ...

‘It’s a turning point for ISRO’
Bangalore, Nov. 18 The October-November 2008 Chandrayaan-1 gave India its Moon and caps the dauntless spirit of the 40-year-old national space programme: the wholly indigenous agenda kept its head up amidst external adversities most of its ...

Life in 2050, and a few (un)answered questions
Economics is a social science and, therefore, an inexact one. It can just help us to understand and improve an imperfect world. In the final diagnosis, it appears that it is just a set of tools. If we are to make the best use of these tools, ...

Wet weather to grow into west, northwest
Thiruvananthapuram, Nov. 18 The prevailing wet weather over southern peninsula, which promises to spread into the west and northwest, is despite the growing footprint of a suppressed convection phase from a planetary-scale ...