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Multi-sectoral stimulus package on the anvil
Manmohan presides over apex panel meeting. New Delhi, Dec 2 The Government is likely to announce a multi-sectoral package by early next week to give a booster dose to the economy, with key thrust on financial, export and housing ...
SBI MF’s 90-day debt plan collects Rs 1,677 cr
SBI Mutual Fund has collected Rs 1,677 crore under its latest fixed maturity plan, which closed last week, indicating that short-term FMPs are still in ...
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Strike deferred: A peace ...
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TODAY'S PICK (Latest Audio: English/Tamil)
Rolta India (Rs 156.85): Sell
We recommend a sell in the Rolta India stock for investors with short-term perspective. From the charts of Rolta, it is clearly evident that it has been trending downwards from its September high of Rs ...
Day Trading Guide
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Mutual funds’ asset base drops 7% in Nov
Mumbai, Dec. 2 The mutual fund industry’s assets under management (AUM) fell seven per cent in November. The fall was led by a substantial decline in the asset bases of mid-sized mutual ...
Honda on a roll in stagnant two-wheeler market
At a time when most two-wheeler manufacturers have their backs to the wall, Honda Motorcycle & Scooter India (HMSI) has seen November sales rise nearly 40 per cent compared with the same month ...
Terror attack aftermath: Meetings, conferences grind to a halt
CANCELLATIONS GALORE. India’s 26/11 seems to be going New York’s 9/11 way. In the immediate aftermath of the Mumbai terror attack, there are a slew of cancellations on a pan-India basis of some of the biggest events to take place ...
Bond data show banks are reluctant to lend
Yield curve for T-bills and 10-year paper flat; downturn indicated. Mumbai, Dec. 2 Indications of an economic uncertainty/downturn are clearly being thrown up in the Government Securities market. This is underscored by the fact that the 91-days ...
How can a soft state defeat the forces of terror?
It was in 1964, while on a visit to India, that Nobel Laureate Gunnar Myrdal called India a ‘soft state’. If Nehru’s India, with the then Congress having brute majorities in Parliament and State legislatures was a soft state, ...
SEBI extends cross margin facility to all
Only index constituent stocks, stock futures are eligible. Mumbai, Dec. 2 In order to improve the efficiency of use of margin capital by market participants, SEBI on Tuesday announced extension of cross margining across the cash and derivative ...
Forex reserves: Sinking feeling?
India’s assiduously built foreign exchange reserves of $320 billion have melted down to around $240 billion just a few months – a huge drop of $80 billion and ...
IT majors hike dividends, but reduce payout
Frontline IT companies have steadily ramped up dividends paid to investors over the past three ...
Wipro offers campus recruits job switch
Demand in BPO space, not much in IT services. Bangalore, Dec. 2 Wipro Technologies, the third largest software exporter, has given an option for engineering recruits to join its business process outsourcing (BPO) division to offer technical ...
RIL suspends operations at 4 units in Vadodara facility
Global meltdown in petrochem product prices. Kolkata, Dec. 2 Reliance Industries has suspended operation of four units at the Vadodara petrochemicals facility (formerly IPCL complex) in Gujarat, according to ...
BHEL, Toshiba may tie up for transmission projects
Rs 1,000-cr business targeted in first year. New Delhi, Dec. 2 Bharat Heavy Electricals Ltd (BHEL) is likely to firm up a joint venture with Japanese firm Toshiba Corporation to offer turnkey services in the country’s power transmission ...
Terror aftermath: Travel bookings drop and cancellations rise
About 30 per cent decline in group travel bookings. Bangalore, Dec. 2 There has been a sharp drop of 30-40 per cent in group travel bookings, while several individual tourists have started cancelling their trips ...
Gold imports down 26% on weak rupee, high prices
Mumbai, Dec. 2 Gold imports continued to fall in November due to the sharp rise in prices and depreciation in value of rupee against ...
Two-fold rise in Tata Steel Q2 consolidated net
Mumbai, Dec 2 Better price realisation, efficient cost control and management have led to more than two-fold increase in Tata Steel’s consolidated net profits for the quarter ended September 30, Mr B. Muthuraman, Managing Director, ...
Major ports to get commando units
Chennai/ Mumbai, Dec. 2 Major ports in the country will soon have their own elite marine commando units on the lines of the National Security Guard, as part of their initiative to beef up security in the wake of last week’s ...
Model runs discount cyclone threat for TN
Thiruvananthapuram, Dec. 2 International models have lately tended to mark down the intensification prospects of a brewing low-pressure area in the Bay of Bengal but see a wet cover unfolding over coastal Tamil Nadu from later this ...
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