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We need your support for task ahead, Satyam chief tells staff
Independent director T.R. Prasad stays on board. Hyderabad, Dec. 30 The scrip and spirit of Satyam Computer Services management moved up today on positive news emerging from key FIIs and independent directors on ...

ONGC Videsh close to buying out Imperial
Over 90% shareholders accept offer. New Delhi, Dec. 30 ONGC seems to be closing in on acquiring London Stock Exchange-listed Imperial Energy Corporation PLC for £1.4 billion. Late reports were coming in that ONGC was close to receiving ...



New service: Mr Anil Amba...
TODAY'S PICK (Latest Audio: English/Tamil)
LIC Housing Finance (Rs 227.15): Buy
We recommend a buy in LIC Housing Finance from a short-term trading perspective. It is apparent from the charts of LIC Housing Finance that after encountering significant resistance at Rs 350 in early September, it began to decline and was on ...


RCom launches GSM service
Roll-out done 6 months ahead of schedule. Mumbai, Dec. 30 The Anil Ambani-led Reliance Communications on Tuesday announced the launch of its nationwide enhanced ...

Punjab Tractors sells entire stake in Swaraj Mazda
Sumitomo’s holding goes up to 53.53%. New Delhi, Dec. 30 Mahindra and Mahindra-owned Punjab Tractors Ltd on Tuesday announced its plans to sell its remaining stake of 14.4 per cent held in Swaraj Mazda to Sumitomo Corporation. Sumitomo ...

Bond prices rally on talk of rate cut
Mumbai, Dec. 30 Bond prices rallied by over Rs 2 on Tuesday on expectations that the Reserve Bank of India would cut key interest rates ...

Air India cuts domestic fares on 20 sectors
New Delhi, Dec. 30 Domestic flying has become cheaper. The state owned Air India (domestic) on Tuesday dropped its basic minimum fares by an average of 52 per cent on 20 sectors that include Delhi-Chennai, Delhi-Hyderabad, ...

Sports goods exporters feeling left out, seek fair play
STIMULUS PACKAGE. New Delhi, Dec. 30 Sports goods exporters are crying foul for having been left out of the list of labour-intensive sectors to benefit from a special fiscal ...

Bonds back in favour after 4 years as equities dive
2008 saw RBI mopping up money supply, later injecting liquidity. Bangalore, Dec. 30 Battered by huge capital losses in equity markets, bonds returned to become the flavour for investors, after almost four ...

Why Keynes will fail in India
On October 14, in an article titled ‘Tweaking John’ I had pointed out how, globally, governments were distorting Keynes. Instead of helping the real sector, which is what Keynes had in mind, they were doling out tons of cash to ...

IT employees in the firing line
Mumbai, Dec.30 The year 2008 would be remembered by employees of many IT firms as a ...

`We will see stabilisation only in 2010'
One of the biggest problems we face now is finance for infrastructure, as access to foreign capital is drying up. To get that kind of long-term finance we need to start developing a bond market, for which institutional investors such as pension ...

Short-term consolidation in rupee (Latest Audio:English)
The rupee had been steadily appreciating since 2002 and it was widely believed in the first few months of 2008 that the dollar rupee rate could even rise up to 36. But the Indian currency unit has outdone the most pessimistic forecast ...

Gold was the best, oil the worst
Ironical, isn’t it, that gold should be the best performing commodity in a year when crude oil turned out to be the worst? After all, gold prices have historically marched in-step with crude oil. Remember that gold attained its ...

The three who took on the bear and had a tale to tell
Hindustan Unilever, Hero Honda, GSK Pharma. BL Research Bureau In a year where the bellwether indices were unmercifully battered, were there any stocks at all that withstood the bear ...

IPOs in 2008: Sell on listing, to gain
Eight of 10 debutants trading below offer price. BL Research Bureau IPOs were the least preferred mode for corporate fund raising in 2008, as dwindling investor interest and battered valuations kept corporates ...

Global markets: No place to hide
Switzerland tops, Ireland fares worst on MSCI. BL Research Bureau The year 2008 will go down in history as one of worst years for equities since the Great Depression. Whether you invested in developed markets, emerging markets or the hot ...

Fortune favours the brave
BL Research Bureau With the Sensex down by 52 per cent for the year and every sector index in the red, would anyone have made money in stocks in 2008? Yes, the fortunate few who bought stocks on two days – October 27 and November ...

A third of equity funds below Rs 10
Funds with high net asset values fared better. That many stocks have plunged below their IPO prices isn’t surprising, as we take stock of markets in 2008. But did you know that mutual funds too have suffered the same fate? After the market ...

Fortunes of cement industry hinge on revival of real estate sector
Mumbai, Dec. 30 The cement industry seems to have come a full circle as the year draws to a ...


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Markets (Dec 30)
Nifty (at close)2979.50(+57.30)
US Dollar (Buy/Sell)48.47/49
Brent crude (a bbl) Rs1,709
Gold (a gram) Rs1,253
Silver (a kg) Rs18,600


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