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New Year may see 20-30% drop in mobile tariffs
TRAI indicates lower inter-operator charges in consultation paper. New Delhi, Dec 31 If the telecom regulator’s proposal to bring down various charges payable between operators goes through, mobile tariffs could come down by 20-30 per cent ...
S&P revises Reliance outlook to negative
Mumbai Dec. 31 Global rating agency Standard & Poor’s on Wednesday revised its rating outlook on Reliance Industries Ltd (RIL), from stable to negative, reflecting the company’s increased debt and pressure ...
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The year that was:...
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TODAY'S PICK (Latest Audio: English/Tamil)
Bharat Forge (Rs 83.80): Buy
We recommend a buy in Bharat Forge stock from short-term horizon. It is evident from the charts of Bharat Forge that from January 2008 high of Rs 389, it has been on a long-term downtrend. Since then, it has been forming lower peaks and ...
Day Trading Guide
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Market outlook for 2009: ‘Bad news priced in, better times ahead’
The economy is set to enter a lean phase, but stock markets may actually do better than in ...
It’s a party pooper for hospitality, liquor segments
New Delhi, Dec. 31 With slowdown and security concerns acting as party-poopers, the hospitality industry is going slow on its New Year binges this time round. “The mood right now is of caution and not of splurging,” said ...
A Satyam hole in market cap
Chennai, Dec. 31 It is a ‘hole’ that Satyam’s Computer Services management is going to find as hard to fix as Harry Belafonte felt about his bucket in that memorable song, ‘There is a hole in my ...
ICICI Bank cuts lending, home loan rates by 50 bps
LIC Housing slashes rates up to 75 bps for existing customers. Mumbai, Dec. 31 ICICI Bank on Wednesday announced a 50 basis points cut in its floating reference rate for home loans with immediate effect, from 14.25 per cent to 13.75 per cent. ...
Trade deficit widens to $69 b in April-Sept
On back of costlier oil imports; current account deficit also rises. Mumbai, Dec. 31 The country’s trade deficit widened significantly in the first six months of the current financial year due to sharp increase in oil imports, which ...
Is it smart phone or shrunk PC to get online?
As more personal tools migrate to the Web, customers will decide. Bangalore, Dec. 31 There are two ways to design a new product: top down or bottom up. And 2009 will decide which one paying customers prefer, when it comes to the single device ...
Get set to pay more for food, less for fuel
Sugar may taste bitter; crude could keep vegoils under leash. Chennai, Dec. 31 When prices of most of the commodities hit a record in March no one thought the bubble will burst so soon. Not even when crude prices peaked in July at $143 a ...
SCI to invest $3 b to buy 40 ships
Shipping Corporation of India (SCI) plans to invest around $3 billion for acquiring 40 ships to double its tonnage capacity to around 10 million dwt (dead weight tonnes) by ...
Seven banking themes for 2009
What could 2009 hold in store for banks? The themes do not appear to have shifted much, observes Mr Robin Roy, Associate Director, Financial Services, PricewaterhouseCoopers (P) Ltd. “Two years ago, towards the end ...
United India launches top-up medical policies
Chennai, Dec. 31 United India Insurance Co Ltd has launched two new medical insurance policies that help people add up to Rs 15 lakh to their medical cover. The policies — Top Up and Super Top Up — will be available to ...
A bumpy, hard ride for vehicle finance segment
Slowdown, tight liquidity conditions, high interest rates cited as impacting factors. The vehicle finance industry, which includes financing of both passenger vehicles and commercial vehicles, witnessed a roller-coaster ride during 2008-09. ...
Caution is the buzz word for MF investors
Bets on moves of SEBI advisory panel & pension plan. Mumbai, Dec. 31 If 2008 was daunting for the mutual fund industry, the new year is unlikely to be any ...
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