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HC dismisses Vodafone challenge in tax case
Company has eight weeks time to approach Supreme Court. Mumbai, Dec. 3 The Bombay High Court on Wednesday dismissed the writ petition filed by Vodafone International Holdings challenging the jurisdiction of Indian tax authorities to assess ...
Bonds rally on rate cut expectations
Mumbai, Dec. 3 Prices of Government Securities (G-Sec) shot up by around Rs 2 on Wednesday on expectations that the Reserve Bank of India would soon announce “steep cuts” in its signal rates – repo and reverse ...
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PM call to corporates: Th...
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TODAY'S PICK (Latest Audio: English/Tamil)
Cipla (Rs 183.45): Sell
Investors with a short-term trading perspective can consider selling Cipla stock. It is clearly visible from the charts of Cipla that after recording a 52-week low of Rs 146 in late October, it was on a medium-term up move. This up move of the ...
Day Trading Guide
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BlackBerry Storm hits security hurdel
RIM’s new device hits security hurdle. New Delhi, Dec. 3 With the security agencies tightening their screws following the terrorist attack on Mumbai, BlackBerry has come under Department of Telecom’s scanner yet again. This time ...
Insurance regulator working on norms for mergers & acquisitions
New Delhi, Dec. 3 The Insurance Regulatory and Development Authority (IRDA) is pitching for consolidation in the Indian insurance ...
Public sector banks on fast track now
AUTO LOANS. New Delhi, Dec. 3 It’s a reversal of roles. Public sector banks now have more customers knocking on their doors for auto loans than private banks, which were leading the race ...
Rupee derailed by terror attack (Latest Audio:English)
The nascent rupee appreciation that began last week was terminated by the terror attacks in Mumbai. There was a sharp downward reversal when the forex markets re-opened on November 28 after a one-day break caused by fears of accelerated ...
Indian crude basket dips to $43.17 a barrel
Oil cos make profit on auto-fuels; loss continues on cooking gas. New Delhi, Dec. 3 The Indian crude basket has hit a fresh low for the current fiscal on Tuesday at $43.17 a barrel. The crude basket, which has fallen 70 per cent since it hit a ...
Goodbye, Mr Chidambaram
For the last five years I have deliberately not written about the former Finance Minister, Mr P. Chidambaram. But now that he is gone from the Finance Ministry — forever, perhaps — it seems right that one should make amends, not ...
Banks need more capital to meet rising credit offtake
Seek interest on CRR amount kept with RBI. Bangalore, Dec. 3 Public sector banks are beginning to face mounting capital pressures in the face of high ...
MAN to raise stake in jt venture with Force Motors
Force Motors to manufacture range of axles. Pune, Dec. 3 MAN of Germany will buy a 14.2 per cent stake from its joint venture partner, Force Motors Ltd of Pune, for about Rs 300 crore (€49 million), taking its stake in the joint venture to ...
Cement cos’ inventory dips, outlook still bleak
Exports revive; sales up in southern markets. Mumbai, Dec 3 Despite a gloomy outlook, cement major ACC, Ambuja Cement and Aditya Birla Group have managed to bring down inventories marginally in November on the back of revival in export demand ...
NSE revises lot sizes of derivative contracts
Analysts feel this would drive away retail traders. Chennai, Dec. 3 NSE has revised upwards the market lot for 243 stocks in the derivative ...
Bay ‘low’ materialises, seen tracking west
Thiruvananthapuram, Dec. 3 India Meteorological Department (IMD) has said the anticipated low-pressure area has materialised over the southeast Bay of Bengal on Wednesday evening, which is expected to chart a westward ...
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