The Hindu Business Line : Wednesday, November 04, 2009

Sensex nosedives 491 points on global cues, FII selling
Reliance, DLF pull market down; fears also of RBI tightening policy. Domestic stocks slipped for the sixth consecutive day on Tuesday as global cues remained ...

No plans to curb capital inflows for now: Pranab
India has no immediate plans to place curbs on capital inflows, the Finance Minister, Mr Pranab Mukherjee, ...

The Finance Minister, Mr ... TODAY'S PICK (Latest Audio: English/Tamil)
JSW Steel (Rs 680.6): Sell
We recommend a sell in the stock of JSW Steel from a short-term horizon. It is evident from the charts that the stock’s intermediate-term rally from March low of Rs 161 had ended in late October high of Rs 935. Triggered by the ...

Day Trading Guide

RBI buys 200 tonnes of gold from IMF
$6.7-b deal is part of forex reserves management operations. The Reserve Bank of India has purchased 200 tonnes of gold valued at Rs 31,490 crore ($6.7 billion) from the International Monetary Fund (IMF) under the latters’s limited gold ...

L&T bags Rs 6,900-cr order
EPC contractor for 1,980 MW Mahagenco project. Mumbai, Nov. 3 L&T has bagged a Rs 6,897-crore EPC (engineering, procurement and construction) contract from the Maharashtra State Power Generation Co (Mahagenco) for three supercritical boiler ...

Sensex sheds 2000 in post-Diwali blues
Infra and realty among worst hit. BL Research Bureau In just 10 days following Diwali, the Sensex has lost over 1900 points, a 11 per cent fall from the closing on October ...

Cognizant Q3 net income rises 22% on strong organic growth
Looks to end the year with higher revenues. Chennai, Nov. 3 Cognizant Technology Solutions Corporation, the US-based provider of information technology, consulting, and business process outsourcing services, expects to end the year better than ...

No immediate plan to exit fiscal stimulus: Pranab
India may take over one year to return to 9% GDP growth levels. New Delhi, Nov. 3 The Finance Minister, Mr Pranab Mukherjee, today made it clear that the Government was not right now planning to exit from the fiscal stimulus packages rolled out ...

SBI to review special home loan scheme on Nov 5
Bank posts 50% rise in average sanctions since the launch. Kolkata, Nov. 3 State Bank of India will take a call on whether or not to continue with its special home loan (SBI My Home Campaign) scheme at a meeting on November 5, according to its ...

Britannia bets big on small packs
Ms Vinita Bali chuckles as she recalls her days as a marketing executive in Cadbury when the company introduced éclairs in transparent jars and saw the brand fly. Replicating that experiment, the Managing Director of Britannia ...

Airlines flying in losses on discounted fares
Savings in fuel, operating costs fail to provide thrust. Beset by a string of troubles, the three major listed airline players — Jet Airways, Kingfisher Airlines and SpiceJet — ended yet another quarter with sizable losses. A ...

Auto Expo is 2 months away, but fully booked
Rush highlights India’s importance to multinationals. Mumbai, Nov. 3 If anyone needed proof that the Indian automotive industry is on a roll, they would only need to check out the availability of space at Pragati Maidan in New Delhi, the ...

Rupee decline to continue (Latest Audio:English/Tamil)
Rupee declined to a low of 47.6 against the dollar on October 29 as continuing weakness in equity market and outflow of foreign institutional funds dragged the currency lower. Month-end demand for dollars from importers was another factor ...

Arabian Sea ‘low’ likely by Nov 8
The India Meteorological Department (IMD) has hinted at the possibility of a low-pressure area over the southeast Arabian Sea off the Kerala coast over the next five ...