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Is gold losing glitter?
Imports halve in Q1; retailers report 25% demand drop. Mumbai/Chennai, July 17 Gold doesn’t seem to be glittering for Indian consumers anymore, if one is to go by the import figures during the first quarter of the current ...
Inflation rises marginally to 11.91%
New Delhi, July 17 The annual Wholesale Price Index-based inflation moved up to 11.91 per cent for the week ended July 5, with a slowdown in the primary articles inflation ensuring that the rise was only marginally higher than the 11.89 per ...
Pressure on prices remains: Chidambaram
RBI’s assessment on inflation situation ‘fair and correct’. New Delhi, July 17 The Finance Minister, Mr P. Chidambaram, on Thursday said that the monetary measures taken by the Reserve Bank of India have started working even ...
MTN row: Reliance appoints arbitrator
Mumbai, July 17 Reliance Industries said it has commenced arbitration proceedings in the Reliance Communications-MTN matter, and has nominated Mr Justice B. P. Jeevan Reddy, a former Judge of the Supreme Court, as an arbitrator for resolution ...
Gas hydrates: An inexhaustible energy source
Chennai, July 17 Deep below the seabed is an infinite source of energy waiting to be ...
Phase I of Krishnapatnam Port goes on stream
Krishnapatnam (Nellore Dist), July 17 The Rs 10,000-crore Krishnapatnam Port, which is about 180 km from the port city of Chennai, would soon have a container terminal. ...
Falling crude buoys stocks
Mumbai, July 17 Falling crude prices lifted stocks driving the Sensex up 4.26 per cent; a dramatic rise that broke its continuous fall of the previous five ...
Coal market set to sizzle further
Mumbai, July 17 Coal prices that soared in 2008 could rise higher and stay at elevated levels due to ongoing structural shortages that could go on for a number of years. Developments on both demand and supply side are seen impacting the ...
Biocon standalone net dips 33% in first quarter
On absence of licensing income and exchange losses. Bangalore, July 17 Biocon Ltd has recorded a 33 per cent drop in its standalone net profit for the first quarter of this year over the same period last year. ...
Broad-scale survey of TV market to be commissioned
Process may take about six months, says BARC. New Delhi, July 17 Even as a parliamentary committee and the Telecom Regulatory Authority of India decide on the need and scope of Government involvement in audience measurement and television ...
Storage level in major reservoirs lower than last year
Situation alarming in Gujarat, Maharashtra, M.P.. Chennai, July 17 The reality of an erratic monsoon is sinking in. Nothing illustrates this better than the storage levels in the 81 major reservoirs. A consolation, though, is that the ...
GSM players oppose one-time spectrum fee
Seek PM’s intervention. New Delhi, July 17 GSM-based mobile operators including Bharti Airtel, Vodafone Essar and Idea Cellular have written to the Prime Minister, Dr Manmohan Singh, against the proposal to impose one-time fee on telecom ...
Generic drug makers’ concern over Ranbaxy-USFDA stand-off
Ranbaxy under scanner for USFDA submissions. There is more to it than meets the eye, is the refrain from domestic drug industry officials, watching with concern the constantly changing developments on Ranbaxy’s tryst with the United ...
Vehicle buyers seek ‘premium’ advice
INSURANCE DISCOUNT. Coimbatore, July 17 Visualise this: You have decided to buy a car. Say you have made up your mind on the make, colour and model. The next step you will probably take is get a quote from a dealer or two in the vicinity, ...
Conveyance blues
The commute to work now pinches the pocket more than ever, thanks to ballooning fuel prices. How is India Inc cruising along?. The recent hike in prices of petrol and diesel has forced commuters to rework their transport options. Kishore Kumar, a ...
Realty companies now offer ‘walk-to-work’ concept
LESS TRAVEL, LESS STRESS. Hyderabad, July 17 Walk down to your workplace, and after a gruelling day there, take a stroll back to your home, leaving aside all the nightmarish thoughts about the traffic you might face either ...
TODAY'S PICK (Latest Audio: English/Tamil)
Bharat Forge (Rs 240.10): Buy
We recommend a buy in Bharat Forge from a short-term perspective. From the charts of Bharat Forge we see that the stock has been trending downward since its 52- week high of Rs 389 recorded this January. The stock was on a medium-term ...
Day Trading Guide
Initiate fresh long-position, only if the stock exceeds above Rs 570 level, with tight stop ...
Confusion over GSPC’s IPO this year
Narendra Modi says company is financially sound. New Delhi/Gandhinagar, July 17 Even as Chief Minister Mr Narendra Modi on Thursday announced that Gujarat State Petroleum Corporation Ltd (GSPC) has struck fresh natural gas, with a total ...
Funds adopt active strategy to beat bear market
Increase exposure to healthcare, telecom; cut auto. Mumbai, July 17 Even in the volatile equity markets, some equity schemes of mutual funds are outperforming their benchmark indices. Fund managers say this has been achieved by proactive ...
FIIs turn heavy buyer in index futures
L&T in discount, sheds open positions. Chennai, July 17 Turnover remained firm around Rs 46,300.96 crore against Wednesday’s turnover of Rs 45,738.28 crore. The Nifty July future, which commanded a discount of 13.35 points on ...
Private equity firms build up on Indian realty firms
Sector sees deals worth $2.3 b in H1 2008. New Delhi, July 17 Real estate and infrastructure management sector saw Private Equity (PE) deals worth $2.32 billion in the first half of 2008, nearly three per cent higher than the year-ago period, ...
Steel stocks drag BSE Metal Index down
Fear of Government control affects sentiment. Mumbai, July 17 The BSE Metal Index ended the day in red, dragged down by some of the steel stocks, which fell on reports that the Government might regulate steel prices. While the Sensex was up ...
MCX public issue by August
Price band expected to be Rs 500-600. Mumbai/Kolkata, June 17 Braving the turbulent market conditions, the MCX initial public offering (IPO) is slated for launch during the first half of August. Mr Joseph Massey, Joint Managing Director, MCX, ...
Rain surplus gets further eroded to 6%
Thiruvananthapuram, July 17 The cumulative seasonal (June 1-July 15) rain surplus has dwindled to six per cent as on Tuesday with a prolonged dry spell in the southern peninsula chipping away at the base. ...
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