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Outsourcing benefits may override tax concerns for US cos
No immediate worries for employees of US firms in India. New Delhi, May 6 Employees of US firms in India need not have immediate worries about losing their jobs as a consequence of the impact of the tax changes being proposed by the US ...
Obama plan may hit Shanghai more than Bangalore, feels Nasscom
China received more foreign direct investment from American companies. Bangalore, May 6 Allaying concerns over the US President, Mr Barack Obama’s Bangalore-to-Buffalo remark, the National Association of Software and Services Companies ...
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Single digit growth: (fro...
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TODAY'S PICK (Latest Audio: English/Tamil)
Gammon India (Rs 82.7): Buy
We recommend a buy in Gammon India from a short-term trading perspective. It is evident from the charts that the stock’s decline from January peak of Rs 96 was arrested at Rs 50 in early March, which was just above the December 2008 low ...
Day Trading Guide
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SBI lends Rs 500 cr to Kingfisher Airlines
New Delhi, May 6 The cash-strapped Kingfisher Airlines has been loaned Rs 500 crore by State Bank of India. This is only a fourth of the Rs 2,000-crore which the airline is seeking from a consortium ...
Jet-Sahara case: HC to give ruling on Friday
Mumbai, May 6 The Bombay High Court has reserved its judgment on the ongoing tax case between Jet Airways and Sahara India Commercial Corporation Ltd (SICCL) ...
Satyam becomes a weighty dispute
CBI CHARGESHEET. Hyderabad, May 6 Consider this. You need to make 15 sets of 60,000 pages of highly confidential information on a photocopier machine which will run into nearly 10 lakh ...
Profit taking pulls Sensex below 12K
Mumbai, May 6 Profit booking by the domestic institutional investors and proprietary traders led to a 178 point fall for the Sensex on Wednesday, although the Sensex touched a new seven-month high of 12,272 mid-way through a very ...
India’s decadal itch
In nine days from now, the results of the on-going general election will be known. Unlike at anytime in the past, all bets on the outcome are off this time. On Tuesday, even Mr Rahul Gandhi, who is considered unfit for any job except prime ...
General insurers, MFs shifting focus to commercial papers
Fallout of decline in bulk deposit rates below repo rates. Bangalore, May 6 With bulk deposit rates plunging below the Reserve Bank of India’s new repurchase rates of 4.75 per cent, general insurers and mutual funds are beginning to chase ...
Staffing cos, job portals see rise in resumes from freshers
But companies continue to be cautious about hiring. Bangalore, May 6 Even as the Indian IT biggies trim hiring plans on back of the global economic meltdown, staffing companies and job portals have seen a flood of job applications from students ...
New method to grow sugarcane with less water
Icrisat develops it based on rice intensification system. Hyderabad, May 6 Now, the sugarcane industry can take to drip method for cultivating the water-intensive crop, reducing input costs and also get ...
ATM transaction volumes rise post waiver of charges
Banks plan to expand network. Kolkata, May 6 Banks with a reasonably large ATM network witnessed 25-30 per cent rise in transaction volumes and a corresponding increase in fee-based income in the last one ...
Shipping stocks better Sensex
Thanks to iron ore imports by China. From the market lows of March, shipping stocks have rebounded by an average 60 per cent, much higher than the Sensex’s 46 per cent gain over this ...
NHPC taking up projects worth Rs 45,000 cr in Myanmar, Bhutan
Ties up with BHEL to enter Tajikistan. New Delhi, May 6 In line with India’s hydropower diplomacy initiative in its immediate neighbourhood, state-owned NHPC Ltd is working on plans to develop hydroelectric power plants in Myanmar and ...
The burden of entry load
The new pension scheme has drawn flak on two counts — limiting investment in equity to 50 per cent of one’s contribution and levying annual account management fee of Rs 350, irrespective of its size, thus clearly being pro-wealthy in ...
Arabian Sea warming up to host monsoon play
Thiruvananthapuram, May 6 The Climate Prediction Centre (CPC) of the US National Weather Services has assessed that there are increased chances for above-average rainfall for southern India, Sri Lanka and much of the Indian Ocean over the ...
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