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Insurance reforms gain pace; FDI cap to be hiked to 49%
Bill introduced in Rajya Sabha amid stiff protests from Left parties. New Delhi, Dec. 22 In the last leg of its term, the UPA Government has come up with a big-bang approach to insurance sector reforms by introducing two Bills in ...

LIC Bill seeks to trim pay-out to policy holders
New Delhi, Dec. 22 Amid protest from the Left parties, the Government on Monday introduced a Bill in the Lok Sabha to raise the minimum capital of Life Insurance Corporation to Rs 100 crore from the existing Rs 5 crore. Insurance regulator ...



NELP VII contracts: (From...
TODAY'S PICK (Latest Audio: English/Tamil)
Wockhardt (Rs 111.75): Buy
We recommend a buy in Wockhardt from a short-term horizon. It is evident from the charts of Wockhardt that the medium-term downtrend which commenced to decline from the resistance level at Rs 210, halted at Rs 88.8 in early December, which ...

Day Trading Guide


Cairn strikes more oil, gas in Rajasthan block
New Delhi, Dec. 22 Cairn India Ltd has struck more oil and gas in its Rajasthan block which could take the estimated production from the area beyond the targeted 175,000 barrels a day ...

BoI, BoB to cut lending, deposit rates
Mumbai, Dec. 22 Bank of India and Bank of Baroda announced cuts in lending rates by 75 basis points and deposit rates across all maturities with effect from January 1. For both banks, the BPLR will come down to 12.5 per cent from 13.25 per ...

Disconnect between FII sales, outflows
Chennai, Dec. 22 Data on sales and purchases by FIIs are available on SEBI’s Web site the very next day. On the other hand, as a matter of policy, Balance of Payments (BOP) data on the money that FIIs bring into the country and take out ...

Internet services continue to be disrupted
Telecom companies offer alternative leased lines. New Delhi, Dec. 22 Internet services continued to be disrupted across the country for the third day today even as telecom companies said they were ramping up their international long distance ...

Uncertainty in business momentum looms large
Global slump forces tech majors to reconcile to a lower growth rate. Bangalore, Dec. 22 Growth for the Indian IT sector came under a reality check in the year that saw major global customers in US and Europe wilt under the weight of an ...

Cos turn to need-based leasing of commercial space
Many firms going in for quarter-to-quarter short-term approach. Need-based leasing of IT space seems to be ‘gaining ground’ in commercial real estate. For the last few years, IT firms had been maintaining a healthy bench and going ...

Why oil prices should not fall beyond a point
There seems to be no stopping the oil prices’ fall, just as there was no stopping its rise earlier this year. Truly, oil’s movement has been dizzy, climbing to a high of $147 a barrel in July only to drop to around $50 today, and set ...

Starting NSE futures trading early ‘not feasible’
Commuting, cost escalation major problems: Members. Mumbai, Dec. 22 The proposed increase in trading hours of the Nifty futures on the NSE does not seem to have gone well with a section of ...

Renault weighs Logan hatchback option for Nashik
Will help in utilising unit’s spare capacity. Mumbai, Dec. 22 French automaker, Renault, is exploring the option of producing the Logan hatchback at Nashik, which is already home to the ...

Crompton Greaves scales down capital spending
Volatile market condition seen as the reason. Mumbai, Dec. 22 Power equipment major Crompton Greaves Ltd had decided to scale down its capex for the fiscal to Rs 150 crore from the earlier target of Rs 220 crore, due to market conditions, said ...

Kingfisher in talks for more bank funding
Says no fare cut till ATF becomes declared good. Bangalore, Dec.22 Kingfisher Airlines has approached a consortium of banks for funds to bail out the airline even as it has drawn about 80 per cent of the Rs 1,000-crore loan it received from ...

Special discounts to Govt staff lift Maruti, Hyundai sales
New Delhi, Dec. 23 India’s top two compact car makers have been able to more than double their sales through their special schemes for Government and public sector ...


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Markets (Dec 22)
Nifty (at close)3039.30(-38.20)
US Dollar (Buy/Sell)47.91/93
Brent crude (a bbl) Rs1,963
Gold (a gram) Rs1,191
Silver (a kg) Rs18,400


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