The Hindu Business Line : Sunday, December 21, 2008

State Bank to offer cheaper loans from New Year
PLR revised downwards by 75 bps, deposit rates by 25-100 bps. Mumbai, Dec. 20 Come New Year, State Bank of India’s borrowers, both retail and corporate, will have something to cheer about. India’s biggest bank has decided to slash ...

Govt gives nod for radar coverage of coastline
Coast Guard told to hire ships from global market. New Delhi, Dec. 20 In an effort to enhance coastal security, the Government has not only approved a proposal to provide radar coverage of the entire coastline but also asked the Coast Guards to ...

Reopens today: The lobby ... Re appreciation boosts FII returns
Sensex $ returns at 21% in Dec. If the year-end rally has made the domestic equity investors cheerful, foreign institutional investors (FII) have a greater reason to ...

Income uncertainty turning potential car buyers away
DOWNTURN EFFECT. New Delhi, Dec. 20 Till a few weeks ago, it was high interest rates and lack of financing that were cited as the major reasons for declining car sales. But now, with many manufacturing sectors witnessing job cuts, several ...

P&G looks to enter more product categories
To dip into large portfolio of brands. Chennai, Dec. 20 Consumer goods giant Procter & Gamble, which is present in eight product categories in India, will look to increase its presence in the local market by picking more brands from ...

Trident Hotel to roll out red-carpet today
Security measures enhanced; the pace of bookings catching up. Mumbai, Dec. 20 The warm smiles, piped music and greetings with folded hands were back at The Trident lobby on Saturday, as it prepared to roll out its red-carpet to the public on ...

Undersea cable damage: BPOs switch to back-up
Disruption in Europe, W. Asia and parts of Asia. New Delhi, Dec. 20 Business process outsourcing (BPOs) companies in India switched to back-up routes and circuits to serve overseas clients, after three undersea cables damaged in the ...

Home loan package: Dream home within reach?
For those who thought that owning a home would remain a faraway dream, the new home loan package offered by public sector banks may make the dream a wee bit more attainable. The package has, however, received a sober reception from ...

Index Outlook
Sensex trudged sideways and closed with 4 per cent gain last week. Massive cut in the federal funds rate, Madoff scandal and the Satyam imbroglio were the sidelights to an otherwise dull trading week. One positive take-away is that the index ...

3i Infotech: Buy
Investors with a two-year horizon can buy the shares of 3i Infotech, considering its strong business prospects and very attractive valuation. At Rs 40, the share trades at just three times its likely 2008-09 ...

PVR: Buy
Investors with a two-year horizon can consider buying the shares of PVR, a player in the multiplex movie exhibition space, considering its good business prospects and relatively better positioning ...

Gateway Distriparks: Sell
The slowdown in domestic freight movement and the clearly visible signs of a prolonged slump in export and import activity are likely to take a toll on the domestic logistics players, who may now have to grapple with a considerable fall ...

UltraTech Cement: Hold
Shareholders of Ultra Tech Cement can continue to hold the stock, as the current valuations have already factored in the prospect of a slowdown in earnings. The quarters beginning March 2009 are likely to reflect cost savings by the company ...

Save taxes without investing a penny!
Tax planning often brings to mind the need to shell out funds for investment, but how about saving taxes without investing? Not a single penny goes out of your pocket and you still save taxes! Many of these options would be expenses that ...

Buying stocks? Take a bite of ETFs
Tempted by the present “attractive” Sensex levels? Are you one of those convinced that this is a good time to enter the equity market? If yes, ...

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