The Hindu Business Line : Monday, November 09, 2009

PM bets on domestic demand to spur growth
Reforms to be put on fast track; fiscal stimulus till next year. New Delhi, Nov. 8 The Prime Minister, Dr Manmohan Singh, on Sunday promised the World Economic Forum’s India Economic Summit to speed up economic reforms, while announcing ...

ONGC may be allowed to sell C-series field gas at $4.75
ONGC may be allowed to sell gas from its marginal C-series field at the current market determined price of $4.75/mBtu. This is against $5.5/mBtu, a price firmed up by ...

Luring investors: The Pri... TODAY'S PICK (Latest Audio: English/Tamil)
Tata Power Company (Rs 1271.5): Sell
We recommend a sell in the stock of Tata Power Company from a short-term perspective. It is evident from the charts of the stock that its intermediate-term uptrend that commenced in March low of Rs 602 was arrested at Rs 1,487 in late ...

Day Trading Guide

Ad spends outpace sales growth for FMCG cos
Makers of Fast Moving Consumer Goods (FMCGs) are setting aside a much larger slice of their sales towards advertising and promotions (A&P) this ...

Wal-Mart looking to open 40 more stores: Sharma
New Delhi, Nov. 8 Wal-Mart Stores Inc, the world’s largest retailer, plans to open 40 more cash and carry stores in the country, the Commerce and Industry Minister, Mr Anand Sharma, said ...

Bid soon for Rs 5,000-cr mega highway project
Govt looking at six such projects. New Delhi, Nov. 8 The first mega project worth Rs 5,000 crore will be up for bidding in the next four to six weeks, said Mr Kamal Nath, the Minister of Road Transport and Highways at the sidelines of the World ...

Is it the right time to purchase gold?
Over the years, retail gold buyers in India, if not its stock market investors, have adhered quite faithfully to the cardinal investment rule that says “buy low and sell high”. Retail demand for jewellery in India has ...

Per-employee revenues, profits rise in IT firms
Focus on cutting costs and improving utilisation. In a year that saw the worst global slump of the century, many Indian IT companies have made more revenues and profits per employee than they did during the same time ...

Complex issue of capital controls
There have been discussions in the international media on the need to restrict capital inflows. This follows the decision by Brazil on October 20, 2009, to impose a 2 per cent tax on capital inflows. It is recognised that unrestricted ...

Comex gold may correct lower
Comex gold futures ended at a record high on Friday as investors sought safe-haven after data showed the US unemployment rate unexpectedly jumped to 10.2 per cent in October. While doubts about an economic recovery boosted gold, base ...

Gold retains potential as safe investment haven
Mumbai, Nov. 8 The nature of macro-economic data flowing in the last few days is beginning to boost confidence of commodity market participants. The latest OECD leading indicators are a case in point. They are incrementally bullish. There ...

Downtrend persists on Nagarjuna Fertlizers, Suzlon
F&O QUERY CORNER. I am only a seasonal trader in stock market and I enter futures whenever the technical charts and graphs break down continuously breaching important support levels. I will enter such stock futures and exit in between the ...

Profit-booking may push indices downwards
Soothing words and action key to keep sentiments up. Dalal Street avoided continuation of a corrective phase last week, particularly for the Sensex, thanks to substantial short covering. This week, chances of a repeat of a large-scale ...

‘Every downturn has its bright spots, and we see India as one’
Even as the economic downturn slowed down airlines’ expansion across the world, Qatar Airways has managed to buck the trend. Its CEO, Mr Akbar Al Baker, believes: “In every economic slowdown, there are ...

More teeth and byte to IT law
Changes to the IT Act will enable it to crack down on cyber offences strongly but the law is ‘soft’ in parts, say experts.. Nearly three years after it was introduced in the Lok Sabha and almost a year after it received a green ...

Issues in introduction of EET
The statement of the Finance Minister that certain vital aspects of the Direct Taxes Code (DTC) would be thoroughly looked into before presenting the same in Parliament is solacing and affirming in nature. One of the vital areas ...

Arabian Sea ‘low’ may ramp up to depression status
Thiruvananthapuram, Nov. 8 The northeast monsoon has continued to be vigorous over Tamil Nadu, south coastal Andhra Pradesh and Kerala while being active over Rayalaseema during the last 24 hours ending Sunday ...