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Slowdown bites Bollywood
Over 30 films stalled; listed entertainment cos and banks back out from projects. Mumbai, Dec. 13 The credit crunch in the economy has hit the pause button on over 30 big Bollywood films as listed entertainment companies and banks that fund ...
Telecom cos’ revenue growth lags subscriber growth
Indian telecom companies have managed scorching growth in subscriber numbers and have become a role model for almost every new sunrise sector. But did you know that the subscriber growth has not translated into matching revenue growth for ...
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Tracking success: ...
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Macro indicators: They’re all flashing amber
For the first time in recent history, the macro-economic numbers relating to India are not painting a confusing picture. Instead, they are all pointing in just one direction — a dramatic slowdown in economic activity in the months ...
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Indian Hotels to reopen Taj Mahal Tower on Dec 21
3 out of 5 restaurants to also reopen. Mumbai, Dec 13 The Taj Mahal Palace & Tower that now more resembles a fortress after being barricaded and guarded by police personnel on all four sides, will re-open its Taj Mahal Tower on December 21, ...
No windfall tax proposed on oil refineries: Govt
New Delhi, Dec. 13 Brushing aside the clamour from certain political allies that windfall tax should be levied on windfall profits made by oil refineries, the Government has made it clear that it does not propose to amend the direct tax laws ...
Index Outlook
Equity markets saw a defiant fight-back by the bulls, who perhaps wish to end 2008 on an optimistic note. The stimulus packages announced in India and by the President-elect in US provided fodder for the rally last week. Dismal ...
Educomp Solutions: Buy
Investors can buy the shares of Educomp Solutions, considering the bright growth prospects for its key verticals and the stock’s sizeable valuation discount to its historic ...
ICICI Bank: Buy
Shareholders can stay invested in the ICICI Bank stock, as it trades at compelling valuations. Exaggerated concerns about the bank’s financial troubles, rumours of promoter stake sales (which have been proved wrong) and its exposure ...
Sun Pharmaceuticals: Hold
Growing presence in the US generics market, strong domestic franchise in chronic segments and a promising pipeline of ANDA (abbreviated new drug applications) filings make a strong case for remaining invested in the stock of Sun ...
HSBC India Opportunities Fund: Hold
Investors can retain their units in HSBC India Opportunities Fund (HSBC Opportunities), considering its reasonable track record in delivering steady returns and ability to contain downsides better than peers during ...
Managing slowdown without pink slips
Software engineers and shop-floor engineers in manufacturing firms have contrasting stories to tell about their working hours and routine these days. While the software engineer is working “extended” hours, his ...
Exide Industries: Buy
The Exide Industries stock has declined by 37 per cent since our earlier buy recommendation at Rs 68 in August this year. A broad market decline and continued slowdown in the automobile sector, which in the last few months has dampened ...
Auto parts makers cut working days on reduced demand
Commercial vehicle segment vendors are the worst hit. Chennai, Dec. 13 Following the slowdown in the automobile sector in the country, auto component manufacturers have reduced the number of working days to three to five days a week depending ...
Maruti to shut production for maintenance for 10 days
New Delhi, Dec. 13 Maruti Suzuki India Ltd will be closing production at its plants for 10 days from the last week of ...
Weekly News Round-up
The Index for Industrial Production has posted a negative growth of 0.4 per cent in October as against a robust 12.2 per cent in the same month last year. However, between April and October the index had grown by 4.1 per cent compared with 9.9 ...
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