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Key ministries readying for big reforms push
Finance, oil, telecom, aviation sectors may be in for changes. New Delhi, June 1 With the Left off its back, the Government is busy refurbishing its reformist ...

Sensex rises to 9-month high
Mumbai, June 1 The Sensex and the Nifty recorded nine-month closing highs on Monday, their fourth consecutive day ...



Strident: The Prime Minis...
TODAY'S PICK (Latest Audio: English/Tamil)
Ambuja Cements (Rs 98): Buy
We recommend a buy in Ambuja Cements from a short-term perspective. It is evident from the charts of Ambuja Cements that it has been on an intermediate-term up-trend, forming higher peaks and higher bottoms since its October 2007 low of Rs ...

Day Trading Guide


Abolish fringe benefit and minimum alternate taxes, say chambers
New Delhi, June 1 The Confederation of Indian Industry (CII) has asked the Finance Minister, Mr Pranab Mukherjee, to abolish several of the taxes announced by his ...

Unaffected by parent’s bankruptcy: GM India
Dealers, warranty, customer services will not be impacted, says co. Mumbai, June 1 General Motors India has reiterated that operations here will continue as normal and that it remains unaffected by its American ...

Exports drop 33.2% in April; imports fall 36.6%
Sharper decline in imports helps contain trade deficit. India’s foreign trade front presented a dismal picture in the inaugural month of the current fiscal, with both exports and imports declining by 33.2 per cent and 36.6 per cent ...

Govt to consider initial public offer for Air India
Airline has sought Rs 1,231 cr equity infusion, Rs 2,750 cr soft loan. New Delhi, June 1 The Government will consider an initial public offer to infuse funds in Air India, the Civil Aviation Minister, Mr Praful Patel, said here on Monday without ...

NBFCs clamour for bank line of credit
Disbursements for financing commercial vehicles under stimulus package yet to take off. New Delhi, June 1 Disbursements to Non-Banking Finance Companies (NBFCs) for financing commercial vehicles under the stimulus package announced in January ...

Raja pitches for 2-year extension of STPI scheme
Hardware manufacturing will be given a push. New Delhi, June 1 The Communications and IT Minister, Mr A. Raja, on Monday pitched for an extension of the Software Technology Parks of India (STPI) scheme saying he would soon approach the Prime ...

India seen losing out to Asian competitors in textile exports
Bangalore, June 1 Competition from Bangladesh, China and Vietnam is threatening the Indian textile industry and the country could find itself lagging in exports if it does not react suitably, say experts in the textiles ...

Monsoon begins to make tentative progress; bay under watch
After lying low for a week, the southwest monsoon made tentative progress over the peninsular west on Monday, encountered fresh sea areas in the east while standing pat in the extreme ...


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Markets (June 1)
Nifty (at close)4,529.90(+80.95)
US Dollar (Buy/Sell)46.96/97
Brent crude (a bbl) Rs3,073
Gold (a gram) Rs1,392
Silver (a kg) Rs25,605


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