Business Daily from THE HINDU group of publications
Saturday, December 13, 2008
ePaper | Mobile/PDA Version | Audio | Blogs
Business Daily from THE HINDU group of publications Saturday, December 13, 2008 ePaper | Mobile/PDA Version | Audio | Blogs |
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STOCK MARKETS: Markets ignore weak IIP data, recover on short covering Mumbai, Dec. 12 Indian equities tanked on Friday on news of the collapse of the US auto bail-out package, but bounced back to close on a flat note as traders covered their short ... FOREIGN INSTITUTIONAL INVESTORS: IIP: Negative surprise for foreign investors Analysts now bet on rate cuts. Mumbai, Dec. 12 Indian equities reacted sharply to negative global cues and the poor Index of Industrial Production (IIP) figures for ... COMMENTARY: Markets this week Life Insurance Corporation of India (LIC) has announced that it will invest Rs 31,000 crore in equities and corporate bonds in the next four months. The breakup is Rs 11,000 crore in stocks and Rs 20,000 crore in nonconvertible ... STOCK MARKETS: Denial of auto bailout package makes IT stocks go downhill Analysts say any bad news in US economy would dent tech business. Mumbai, Dec. 12 The proposed US automobile industry bailout package, which was rejected by the Senate on Thursday, sparked off a fresh fall in IT stocks, which have been under ... STOCKS: Excise duty cut, revival package give ray of hope for cement companies Slash in diesel price, low coal cost will also help bottom line. Mumbai, Dec. 12 The recent reduction in excise duty from 12 per cent to 8 per cent and the Government’s effort to revive the ailing realty sector brought in new hopes for the ... FINANCIAL SERVICES: StanChart ups stake in Indian arm Mumbai, Dec. 12 Standard Chartered Bank has increased its stake in Standard Chartered-STCI Capital Markets Ltd (formerly UTI Securities Limited) to 74.9 per ...
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