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Govt to push for easier credit, more duty reliefs
No hikes in Plan expenditure; Ministries can’t spend addl funds. New Delhi, Dec. 25 The UPA government’s second and final stimulus package for the current fiscal, would focus on credit availability to industry and trade at ...
Reliance Petro’s export refinery goes on stream
29-mt plant can process most crudes. Mumbai, Dec. 25 Reliance Petroleum (RPL) on Thursday kicked off crude processing at its new 29 million-tonne (580,000 barrels per day) refinery in Jamnagar, Gujarat. This export-oriented $ 6-billion project ...
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Black Friday: A fi...
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TODAY'S PICK (Latest Audio: English/Tamil)
HCL Infosystems (Rs 83.25): Buy
We recommend a buy in HCL Infosystems from a short-term trading perspective. It is evident from the charts of HCL Infosystems that it was on a long-term downtrend from its January high of Rs 299 till it found support at Rs 64 – its 52-week ...
Day Trading Guide
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Tax benefits for ‘charitable’ trade bodies under scanner
New Delhi, Dec. 25 Trade and industry associations enjoying income tax exemptions on the ground that their activities are meant for “charitable purposes” run the risk of losing such tax ...
Net woes: RCom asked to detail back-up plans
New Delhi, Dec. 25 The Telecom Regulatory Authority of India has asked Reliance Communications to give details of measures it had taken to deal with cable cuts. TRAI said the company was told in February to make available adequate bandwidth ...
Indian bourses among worst hit
Global meltdown shaves 65% off market capitalisation. New Delhi, Dec. 25 The global financial meltdown may have had its origins in the West, but the Indian bourses are among the worst hit in terms of wipe-out of market ...
‘Slowdown throws up opportunities for investment’
Mumbai, Dec. 25 Corporates may be telling employees to take a holiday, work with a non-government organisation or just work less days in a week, to cope with the economic ...
US recession: Prolonged and painful?
It is official now. The US is in severe recession. It is already bad, and may get worse in 2009. Does it mean that the Great Depression of 1930s is revisiting us or is it just another version of the recessions of 1973 and early 1980s? What is ...
He Made off with their money
From Spanish bank, Santander, to film-maker, Steven Spielberg, institutions and individuals are shamefacedly acknowledging being part of Bernard Madoff’s Ponzi scheme in which hedge funds worldwide have lost another $50 billion. The ...
Cash-rich companies set M&A counters buzzing
Tech buy-outs at $3.7 b surpass 2007 levels. New Delhi, Dec. 25 The Wall Street meltdown and global financial crunch notwithstanding, cash-rich IT and BPO firms are on a bargain-hunting spree on the deal street. The IT and ITES companies have ...
Carmakers gear up for a bleak 2009
Say year ahead to be one of the toughest with a likely 25% fall in sales. Mumbai, Dec. 25 When Mr Ratan Tata unveiled the Nano at the Delhi Auto Expo in January, nobody would have dreamt that 2008 would end on such a disastrous note for the ...
Sugar position unclear as opening stock figures vary
Millers project 25 lalk t less than Govt estimates. New Delhi, Dec 25 What was the opening stock of sugar mills at the start of the current 2008-09 crushing season ...
Satyam asks World Bank to apologise
‘We will evaluate all options on Bank’s actions’. Hyderabad, Dec. 25 Satyam Computer Services, which has been receiving lot of flak following the aborted bid to acquire Maytas Properties and Maytas Infrastructure, has asked the ...
Vendors upset over Ashok Leyland ‘negotiating’ dues
Company says it’s been sourcing funds to fulfil commitments. Chennai, Dec. 25 Ashok Leyland appears to have incurred the ire of its suppliers over the company “negotiating” with them for taking a cut on the payments ...
Want a personal loan? Go to an ATM
QUICK & EASY. Hyderabad, Dec. 25 “You are eligible for a pre-approved personal loan of Rs 5 lakh. Press yes if you are interested.” This is the message you might see during any transaction at ATMs of leading private banks as they ...
Mercury falls as anti-cyclone digs its heels
Thiruvananthapuram, Dec. 25 Minimum temperatures have fallen by 2-4 degree Celsius over parts of central and east India as cold and dry northwesterlies funnelled through the border aided and abetted by the seasonal ...
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