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7.1% economic growth forecast for this fiscal
Slowdown in industry, farm sector to be partially offset by services: CSO. New Delhi, Feb. 9 The Indian economy is slated to grow by 7.1 per cent during the current fiscal as against 9 per cent in 2007-08, according to the ‘advance ...
Sensex gains 283 pts
The benchmark stock indices gained close to three per cent on Monday following higher domestic GDP growth of 7.1 per cent forecast for the current fiscal. The Sensex closed 283 points up at 9,584 while the Nifty closed 77 points higher ...
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Life insurance space: (fr...
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TODAY'S PICK (Latest Audio: English/Tamil)
Welspun-Gujarat (Rs 70.25): Buy
We recommend a buy in Welspun-Gujarat Stahl Rohren from a short-term trading perspective. It is apparent from the charts of Welspun-Gujarat that it was on a medium-term down trend from its December high of Rs 130, forming lower peaks and ...
Day Trading Guide
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Delhi airport to levy development fee on passengers from March 1
New Delhi, Feb. 9 Flying from Delhi will become more expensive from March 1 and could also become dearer for those flying from ...
Tata Sons pledges 14.6% stake in Tata Steel, 13% in Tata Power
Pledged Tata Steel shares are worth Rs 1,900 cr at current market prices. Mumbai, Feb. 9 Tata Sons Ltd has pledged shares constituting 14.6 per cent and 13 per cent stake in Tata Steel and Tata Power Company, respectively, close to half of the ...
Alang set to break highest number of ships in 2009
Mumbai, Feb. 9 Even as the shipping companies find it difficult to stay afloat with shrinking export-import business and falling freight rates, the ship breaking industry at Alang in Gujarat seems all set to buck the ...
ICAI panel pulls up auditor in GTB case
New Delhi, Feb. 9 The disciplinary committee of the Institute of Chartered Accountants of India (ICAI) has concluded that the chartered accountant who audited and certified the balance sheet of the Global Trust Bank (GTB) for the financial ...
PSBs may restructure loans given to auto component makers
Most suppliers to US auto majors hit by payment delays. Bangalore, Feb. 9 Public sector banks, led by the SBI group and associates, have begun working out a loan restructuring package for auto component makers in the country, who have been hit ...
Passenger car sales continue to slide
January sales highest since May this fiscal. New Delhi, Feb. 9 Passenger car sales declined for the fourth consecutive month in the current fiscal with January figures reporting a 3 per cent drop in sales compared with the corresponding period ...
Asian face of the global recession
Delegates to the World Economic Forum at Davos this year came despondent and left in despair. Both the discussions and the new evidence released at and during the Forum indicated that the global crisis was not just bad, but worse than ...
Support prices keep inflation in food articles in double digits
Rates of agri produce rule higher across-the-board. Chennai, Feb. 9 The annual rate of inflation based on the Wholesale Price Index (WPI) was lower at 5.07 per cent for the week-ended January 24 compared with the 16-year high of 12.91 per cent ...
Defence R&D deliveries too little, too slow: Antony
Air chief for time-bound, coordinated projects. Bangalore, Feb. 9 About 70 per cent of the military needs are imported in spite of having the world’s fourth best scientific ...
TTK Prestige tanks on freezing of de-list move
‘Changed economic situation’ cited as reason. Coimbatore, Feb. 9 The announcement by the management of TTK Prestige Ltd, a manufacturer of kitchen appliances, to freeze its proposal to de-list the company’s shares from the ...
Vote on account boosts shares with railway links
‘These stocks move up a week before budget’. Mumbai, Feb. 9 Expecting a concession in the vote on account for the Railways later this week, share prices of companies supplying railway stocks moved up to 20 per cent ...
Hail threat to wheat-growing areas
Thiruvananthapuram, Feb. 9 The churn in weather associated with an incoming western disturbance traced to over north Pakistan and adjoining Jammu and Kashmir on Monday has prompted a hailstorm alert in northwest ...
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