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Renault, Nissan scale down Chennai car project plan
Ultra low-cost car project with Bajaj Auto is on track. Mumbai, Dec. 9 The economic slowdown in India has prompted global allies Renault and Nissan to go in for one shift, rather than the initially planned two, at their Rs 4,500-crore Chennai ...
The new Finance Minister: economist or politician?
New Delhi, Dec. 9 The Capital was rife with speculation on Tuesday about who would be the next Finance Minister. At one point it was even thought that the swearing-in ceremony would be held today. The rumours picked up pace when the ...
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Potato conference: Mr Sha...
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TODAY'S PICK (Latest Audio: English/Tamil)
YES Bank (Rs 67.80): Buy
We recommend a buy in Yes Bank stock from a shortterm trading perspective. It is evident from the charts of Yes Bank that it was in a medium-term downtrend from its early September peak of Rs 149 to its 52-week low of Rs 55 recorded in ...
Day Trading Guide
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Russia offers discount on new N-reactors, fuel for existing plants
India considering 2 more units at Koodankulam. New Delhi, Dec. 9 Russia has offered a sweetener in the form of a 30 per cent discount on the $2-billion price tag for each of its new nuclear reactors under discussions for sale to India. Besides, ...
IL&FS Investment closes second India realty fund, raises Rs 4,475 cr
Mumbai, Dec. 9 IL&FS Investment Managers Ltd (IIML) has announced the closure of IL&FS India Realty Fund – II (IIRF2) at $895 million (about Rs 4,475 crore), exceeding its target of $750 million (Rs ...
Automobile dealers await manufacturers’ move on excise duty
Suspend sales over uncertainty of price. Mumbai/New Delhi/Chennai, Dec. 9 Automobile dealers say they have not seen an increase in customer enquiries just a day after the Centre announced a 4 percentage point excise duty cut, prompting vehicle ...
Weak outlook for rupee (Latest Audio:English/Tamil)
The monetary measures and stimulus package announced over the weekend had minimal impact on the rupee. Though the currency strengthened to 49.2 when foreign exchange markets opened on Monday morning, the rally could not sustain, implying that ...
Iron ore exports to China picking up slowly
Export duty removal likely to have ‘visible impact’. New Delhi, Dec. 9 Chinese demand for Indian iron ore is picking up slowly over the past few weeks and miners are expecting that the removal of export duty on iron ore by the Centre ...
IT cos may reduce capex to counter meltdown
‘Software majors preparing for tougher times’. Mumbai, Dec. 9 Indian IT companies seem to be going slow on their capital expenditure or capex plans as they seek to conserve cash to withstand the global economic ...
M&M says slowdown beyond March hard to endure
‘If banks become more positive, things will definitely look up’. Mumbai, Dec. 9 Mahindra & Mahindra says that it can hold out in this slowdown only till March after which “some very difficult steps will have to ...
IPI: A pipeline of risks
The Iran-Pakistan-India (IPI) gas pipeline project often called the ‘peace pipeline’ is seen as a “win-win-win” project for all the three countries and a confidence-building measure and stimulus for ...
PMO asks DoT to look into ‘undue favours’ to Swan
New Delhi, Dec. 9 The Prime Minister’s Office has asked the Department of Telecom to look into allegations of undue favour shown to Swan Telecom, one of the new companies to get telecom ...
India to be one of Magna Intl’s largest engineering centres
Chennai, Dec 9 Magna International Inc, a well-known name in the global automotive industry, makes components as well as fully built cars for third-party OEM. It has four joint ventures in India, but in an interview with ...
Durables majors stick to ad budgets despite slowdown
New Delhi, Dec. 9 Despite being faced with sluggishness in post-Diwali sales, durables majors are not curtailing their advertisement and marketing spend for the year ahead. They say the durables business is a marketing heavy segment which ...
Bike prices to come down
New Delhi, Dec. 9 Two-wheeler companies such as Hero Honda, Bajaj and Honda Motorcycles and Scooters India, announced that they would lower their bike prices in the range of Rs 1,000-2,100 across different ...
‘Low’ stays put, presides over locally wet weather
Thiruvananthapuram, Dec. 9 The low-pressure area over Comorin and neighbourhood is staying put with a trough extending into the southwest Bay of Bengal bringing active monsoon conditions yet again over Tamil ...
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