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‘Swiss authorities refused to share data on stashed funds’
No slackening of efforts on our part: Govt’s affidavit in SC. New Delhi, May 2 The Centre has refuted allegations that it was slack in its efforts to bring back into India the funds stashed by Indian citizens in foreign banks, especially ...

Acquisitions getting less expensive for IT cos
Domestic buyouts cheaper than overseas ones. The slowdown being witnessed by the IT industry has thrown open opportunities for companies to scout for acquisitions at discounted valuations, going by what was paid for eight significant ...



Mr Hiroshi Nakagawa, Mana...
Retailers doing a rethink
Stocks of Indian retail players — once darlings of the bourses that enjoyed premium valuations — have been among the worst performers over the past year, with valuations of leading players whittled down to half their earlier levels. ...


Satyam scam: SFIO finds auditors guilty
Terms independent directors as ‘mute spectators’. New Delhi, May 2 The Serious Fraud Investigation Office (SFIO) in its report to the Ministry for Corporate Affairs (MCA) has indicated that the auditors were guilty of falsification ...

LIC shows appetite for bank stocks
Investments acted as counter to FII selling. Mumbai, May 2 Life Insurance Corporation of India appears to have taken a shine to investing in Indian banks in financial year ...

DLF wraps up buyback ahead of schedule
Mumbai, May 2 Real estate major DLF Ltd announced on Saturday the closure of its buyback programme, two months ahead of ...

Index Outlook
Equity markets maintained a nonchalant attitude last week despite many unsettling developments. First it was the swine flu that sent a tremor through financial markets, then there were reports of large US banks needing additional ...

Bank of Baroda: Buy
Fresh investments can be considered in the Bank of Baroda (BoB) stock as the valuations look cheap relative to the bank’s growth prospects. The stock (at Rs 327) is trading at a marginal premium to its March 2009 book value of Rs ...

Shree Cement: Buy
We reiterate our buy on the stock of Shree Cement at the current price of Rs 774 as there is potential for upside, given the stock’s discounted valuation and emerging ...

Carborundum Universal: Hold
Shareholders can continue to hold the stocks of Carborundum Universal, an established player in the abrasives and industrial ceramics space. Helped by a well-diversified user industry base, the company appears to have done well to stave off ...

GlaxoSmithKline Consumer: Buy
With a limited product portfolio and unexciting historic growth, GlaxoSmithkline Consumer Healthcare (GSK Consumer) has traded at a significant valuation discount to FMCG peers, in the stock market. However, the company’s stock now ...

Franklin India Flexi Cap Fund: Invest
Investors with a long-term horizon can consider adding Franklin India Flexi Cap Fund to their portfolio. Besides a track record showcasing consistency , what also strengthens the case for investing in this fund is its improved scorecard ...

New pension system to shield the aged
Citizens of India will now have an option of securing their post-retirement life with the New Pension Scheme established by the Government under the Pension Fund Regulatory and Development Authority ...

Bajaj small car eyes the world
‘Mileage, and not price, will be top priority’. It is due to debut in India only in 2011, but the Bajaj Auto-Renault-Nissan ultra-low cost (ULC) car has already set its sights ...

‘Market ready to absorb gold price of Rs 1,300-1,400/gm’
Bangalore, May 2 The price of gold, which has been on a volatile rally for quite some time, is no longer a worrying factor for consumers, say jewellery retailers who believe the market is ready to absorb the Rs 1,300-1,400 (per gm) ...

Weekly News Round-up
Mr Naresh Goyal-owned Jet Airways has terminated contracts of 50-odd cabin crew staff who were on probation, and about 50 contracts of employees who have superannuated. According to a Jet's spokesperson, the measure was to streamline costs in ...


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Markets (April 30)
Nifty (at close on Apr 29)3,474(+111.65)
US Dollar (Buy/Sell)50.04/05
Brent crude (a bbl) Rs2,540
Gold (a gram) Rs1,350
Silver (a kg) Rs21,980


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