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FIIs turn off Indian stocks to havens closer home
Emerging markets may have already run their course. Chennai, June 27 Foreign institutional investors (FIIs) have turned net sellers in Indian stocks after being consistent buyers over the past couple of months. The recent selling appears to be ...
SBI cuts car loan rates
8% for first year. Mumbai, June 27 To increase its credit offtake and market share, State Bank of India on Saturday reduced the interest rate on car loans to 8 per cent for the first year. For the second and third years, the bank will charge 10 ...
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Double whammy: Deficient ...
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Have FIIs hit ‘pause’?
Cheap valuations and a strong shot of liquidity both had a hand in the Sensex staging a breathtaking 81 per cent rally since March. Of the two, the role played by the gush of liquidity cannot be overemphasised as foreign institutional ...
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NTPC eyes takeover of ailing SEB stations
Looks for revenues from technical support to State utilities. New Delhi, June 27 NTPC Ltd is betting on revenue streams from technical support assignments for State Electricity Boards (SEBs) to improve the operational efficiency of their thermal ...
S. Kumars buys US co Hartmarx; to invest Rs 168 cr
Mumbai, June 27 S. Kumars Nationwide, along with its operating partner Emerisque, UK, has acquired Chicago-headquartered Hartmarx Corporation for $119 million (Rs 571 ...
Faint cracks in uptrend
US President, Barack Obama, and the World Bank played the miscreant over last fortnight, deflating equity markets with their grim statements about a prolonged recession. The whimsical monsoons were Indian equities’ bête noire that ...
Pratibha Industries: Buy
Construction and infrastructure development company Pratibha Industries, is likely to emerge as one of the key beneficiaries of the Budget spending on urban ...
Siemens: Book Profits
Siemens India may have taken the stock market by surprise, with revenues back on the growth track and profit margins showing a visible improvement for the quarter ended March 2009 (the company’s second quarter) compared to a year ...
Sintex Industries: Buy
The stock of Sintex Industries offers a good investment option for investors with a two-three year horizon. From being a plastic storage tank manufacturer, Sintex has become a diversified producer of plastic products that cater to a range ...
UCO Bank: Book Profits
Investors targeting higher returns can consider exiting the UCO Bank stock after its 81 per cent gain from its March ...
Strides Arcolab (Rs 147.3): Buy
Investors with medium-term perspective can consider buying Strides Arcolab ...
Magnum Equity: Hold
Investors can retain their holdings in Magnum Equity Fund. The fund’s performance over a five-year period is not heartening; however it has managed to return above the category-average and benchmark over a three- and ...
How to analyse an IPO
The year 2008 was one of drought as far as Initial Public Offers (IPO) goes. But with a revival of sorts in the markets, quite a few of these are lined up, with one — that of Mahindra Holiday and Resorts — already through. ...
India Cements net down 10% in Q4
Looks to complete coal mine acquisition in 3-4 months. Chennai, June 27 India Cements has reported a 10 per cent drop in net profit for the fourth quarter ended March 31, 2009, compared with the corresponding period in the ...
Weekly News Round up(Latest Audio:Enlgish/Tamil))
Tata Steel reported a 61 per cent drop in its consolidated net profit at Rs 4,849 crore for the year ended March 31, 2009, against Rs 12,322 crore registered in the same period last year mainly due to a sharp fall in demand in Europe and South ...
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