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Job losses now spreading to non-export sectors
Lay-offs mount in manufacturing, service segments: Study. New Delhi, March 10 After scorching export-related sectors, job losses are spreading fast to domestic units across the organised segments of the manufacturing and service ...

Partner for overseas assets: Wait to get longer for Essar Oil
New Delhi, March 10 Essar Oil may have to wait for some time before it gets a suitable partner for its three overseas exploratory assets. With the fall in crude oil prices and global cash crunch, most exploration companies are looking ...



Dry spell effect: A farme...
Nasscom voices concern over H-1B norms restriction
Indian cos constituted only 11% of total visas issued in 2008. New Delhi, March 10 Software association Nasscom on Tuesday said any proposed amendment restricting the H-1B visa norms would be of “extreme concern” to the ...


IPL revenue already tops last year’s
Nicolas Steyn to handle security for players. Recessionary clouds may be hovering over the Indian Premier League (IPL), but its sponsors are confident that the event is on a ...

NSE software to challenge ODIN of Financial Tech
NOW is free for member-brokers. Mumbai, March 10 The country’s premier stock exchange, the National Stock Exchange of India Ltd (NSE), has stepped up its efforts to break the monopoly of Financial Technologies (India) Ltd in the area of ...

Pfizer joins Govt’s anti-tobacco efforts
KICK THE BUTT. Mumbai, March 10 Smokers trying to snuff out their habit will increasingly find more support, with 1,200 more tobacco-cessation centres set to come up in the ...

Quietly cognisant
The first thing that strikes you about him is that he has no airs. He is as unassuming and down to earth as they come in these parts, and conservative too, as I later found out. Little wonder then, I tell myself, that despite its ...

Chip industry: Gartner sees 45% drop in capital equipment spending
Receding environment to continue through the year. Bangalore, March 10 Worldwide capital equipment spending for semiconductor industry could decline 45.2 per cent to $16.9 billion in 2009 from $30.8 billion in 2008 before increasing to $20.3 ...

Outlook bullish for crude in the medium term
Oil likely to rally above $60 to $70-76 resistance band. BL Research Bureau The liquid commodity that has the greatest influence on the global and local financial markets is crude oil. Market participants across the globe watch its movement ...

‘Low’ weakens, rains converge over Tamil Nadu coast
Thiruvananthapuram, March 10 Rampaging westerlies packing a trough that dipped into the Arabian Sea scared away moisture-laden easterlies and weakened the causative ‘low’ off Sri Lanka on ...

US economy: Could recession turn depression?
The sweeping measures announced to revive the US economy — the fiscal stimulus, massive bank capital injections, zero Fed interest rates, the Fed’s liquidity support to financial institutions and investment in non-Treasury paper: ...


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Markets (March 10)
Nifty (as at Mar 9)2,573.15(-47.00)
US Dollar (Buy/Sell)51.87/89
Brent crude (a bbl) Rs2,235
Gold (a gram) Rs1,421
Silver (a kg) Rs23,795


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