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ICICI Bank net profit falls 35% on higher provisioning
Fee income declines; ‘loan growth may be muted this fiscal’. Mumbai, April 25 ICICI Bank reported a 35 per cent fall in net profit at Rs 744 crore for the quarter ended March 31, 2009, against Rs 1,150 crore in the same period last ...
SGX Nifty volumes plummet
Hedge funds may have shifted back to Indian markets. Volumes transacted in the SGX Nifty – the Nifty futures traded on the Singapore Stock Exchange – have plummeted sharply in recent ...
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Getting the feel of it...
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A comeback for value investing
The stock market has rallied 40 per cent in a flash; mid-cap stocks have kept pace with blue-chips and the action in small-cap stocks is reaching frenzied proportions, with many of them clustered at the upper circuit limit on any given trading ...
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BSNL WiMax project: Four cos backed by IT majors may lose
New Delhi, April 25 Four companies backed by IT majors — including companies such as Wipro, Cisco, Aricent Technologies and GTL Ltd — may be out of the race for a project for rolling out WiMax-based broadband services on a ...
Raju bail plea dismissed
Hyderabad, April 25 A city court on Saturday dismissed petitions seeking bail for ex-chairman of Satyam Computer Services, Mr B. Ramalinga Raju; his brother, Mr B. Rama Raju; and ex-CFO, Mr ...
Delhi handles more air passengers than Mumbai
More aircraft land in Mumbai. Delhi has replaced Mumbai as the airport handling the maximum number of air ...
Nod for Chanda Kochhar as CEO
Mumbai, April 25 ICICI Bank on Saturday said that it has received approval from its shareholders and the Reserve Bank of India for the appointment of Ms Chanda Kochhar as the Managing Director and Chief Executive Officer and Mr K.V. Kamath as ...
Index Outlook
It was a more sedate trading week in Indian stock markets. The minor decline in the first two sessions was arrested at 10700 and the Sensex ended the week well above the 11000 mark. Action is however likely to be explosive next week with ...
Nano final lap sees surge at dealerships
Total bookings will be made public early next week. Mumbai, April 25 The final tally will be made public early next week but the guessing game for the number of Nano bookings ...
BGR Energy Systems: Buy
Investors with a three-year perspective can consider buying the stock of BGR Energy ...
Hero Honda: Book Profit
A market leader in two-wheelers, Hero Honda has outpaced rivals with a 12 per cent sales growth in 2008-09, as against a flat growth of 3 per cent for the industry this year. Good growth in sub-125 cc segment and a strong foothold in ...
Wipro: Hold
That both volumes and the pricing environment for Indian IT majors are set for downward pressure was apparent from the numbers of TCS and Infosys Technologies’ for the March quarter. But surprisingly, Wipro, the third in the ...
Praj Industries: Hold
Shareholders can continue to remain invested in the stock of Praj Industries. While the company’s last quarter and full year performance have not been impressive, easing credit conditions worldwide and Praj’s established position ...
HDFC Equity Fund: Invest
Investors can buy units of HDFC Equity Fund, considering its long-term track record in delivering steady returns and its ability to consistently contain downsides. The fund has consistently bettered the performance of its benchmark — ...
Provisional safeguard duty mooted on hot rolled coils, sheets
As low-cost imports leave domestic industry with losses. New Delhi, April 25 The domestic producers of hot rolled coils/sheets/strips, who are facing the brunt of increased imports of such products at abysmally low prices, may soon get some ...
Plea to US not to impose restrictions on H1, B1 visas
Bangalore, April 25 The Bangalore Chamber of Industry & Commerce has urged the US Senate to reconsider its decision to impose further restrictions on the number of H1 and B1 Visas, which allow highly skilled guest workers to work in the ...
Weekly News Round up(Latest Audio:Enlgish/Tamil))
The Reserve Bank of India on Tuesday cut key policy rates - repo and reverse repo - by 25 basis points each in order to push banks to lend more at viable rates and prop up the sagging economy. The RBI, in its Annual Policy for 2009-10, reduced ...
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