The Hindu Business Line : Friday, December 19, 2008

Sensex closes above 10,000 on lower inflation, new package
Mumbai, Dec. 18 Fall in inflation figures steeper than the market expectations, reports about the Government considering a second stimulus package and speculation about another rate cut by RBI, boosted sentiments in the stock market on ...

Bond prices see huge rally; rupee gains 70 paise
Mumbai, Dec. 18 Falling inflation numbers and a cut in rates by the US Federal Reserve brought cheer to the currency and the Government securities market with the prices of the 10-year benchmark security rising by Rs 2.40 and the ...

MoU exchange: Mr Kevin R.... TODAY'S PICK (Latest Audio: English/Tamil)
Corporation Bank (Rs 190.45):Buy
We recommend a buy in Corporation Bank from a short-term trading perspective. It is apparent from the charts that the stock was on a medium-term downtrend from its September high of Rs 303. It found isupport at the long-term support band ...

Day Trading Guide

Inflation dips sharply on fuel price cuts
New Delhi, Dec. 18 With the cut in fuel prices earlier this month coming into play, inflation slipped to its lowest in over nine months, even as the Finance Ministry said this could help further ease interest rates in the ...

ONGC, OIL told not to subsidise crude
Global crude is now lower than the earlier subsidised price. New Delhi, Dec. 18 The Government has told ONGC and Oil India Ltd not to extend any discounts with effect from last week of November to public sector oil marketing companies (OMCs) ...

ICICI Bank to decide on Kamath’s successor today
Mumbai, Dec. 18 The board of directors of ICICI Bank will be meeting on Friday to consider a successor to Mr K.V. Kamath, Managing Director ...

Broadcasters seek inflation adjusted price hike
New Delhi, Dec. 18 Television channels could cost you a little more, in keeping with inflation, if broadcasters’ wishes are ...

Sub-50 stocks hog limelight in recent rally
BL Research Bureau If you could have picked stocks on November 20, when the Sensex fell to its recent low of 8500, which sectors would you have chosen? Well, sector choices didn’t matter much. As long as you picked a stock that ...

Caterpillar setting up third facility in TN
Caterpillar India plans to set up a third manufacturing facility in Tamil Nadu and expand its existing ...

Hayekian approach: Lasting relevance for India
When we in India consider the history of economic thought we often talk of Adam Smith, David Ricardo, John Stuart Mill and Alfred Marshall and invariably go no further. It would, therefore, be useful, in the context of the current ...

Pvt equity funds hope to achieve 30-35% on investments
Expectations coincided with high spread for ECBs. Bangalore, Dec. 18 With global liquidity remaining tight, private equity (PE) funds return expectations from investments have escalated to 30-35 per ...

Govt confident of economy bouncing back next fiscal
‘Focus is on faster and more inclusive growth’. New Delhi, Dec. 18 The economy would bounce back in the second half of the next fiscal year and the stimulus measures announced a couple of days ago would help bolster growth and ensure ...

RBI cautions banks on realty exposure
Mumbai, Dec. 18 The Reserve Bank of India said it is imperative for banks to manage the balance sheet risks associated with real estate exposure, particularly in the current scenario of slowdown in the economy with its expected ramifications ...

Basmati exports ring the wrong bell this time
Auction prices in major mandis down by Rs 500/quintal. New Delhi, Dec. 18 In any agri-commodity, the normal tendency is for prices to start falling at the start of the harvesting season and then to rise as mandi arrivals dwindle with farmers ...

Tyre companies resort to cutting output
Prospects skid on weak demand, cheap imports. Mumbai, Dec. 18 Pushed to the wall by cheap imports from China and tapering demand, tyre manufacturers have decided to cut production to protect ...

TCS on F1 lane, to ride on Ferrari
Logo to be featured on racing car. Mumbai, Dec. 18 The Formula One car of Italian auto giant Ferrari will for the first time feature the logo of an Indian corporate- ...

Skoda bullish on India despite slowdown
Plans launching new Superb, Laura along with SUV Yeti. Mumbai, Dec. 18 SkodaIndia, the wholly-owned local arm of the Czech carmaker and part of the Volkswagen (VW) group, has reiterated that it will go ahead with its product launch plans during ...

Rains seen returning to south coastal TN
Thiruvananthapuram, Dec 18 The Chennai Met Centre has said rain or thundershowers are likely to return to many places over south coastal Tamil Nadu during the next two days even as only isolated rain events were recorded in the State during ...