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Inflation continues downward bias
Prices of primary articles move up. New Delhi, Dec. 26 The annual Wholesale Price Index-based inflation has dipped to a nine-month low of 6.61 per cent for the week ended December 13. This is lower than the previous week’s rise of 6.84 per ...
Worst is over for airlines: Mallya
No plans for stake in Jet. Bangalore, Dec. 26 Mr Vijay Mallya, Kingfisher Airlines’ Chairman, said on Friday that the airline will break even this month even as he claimed that the worst was over for the ...
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Mr Vijay Mallya, Chairman...
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Navratnas can continue to park surplus funds in public sector MFs
Move to help funds hit by redemption pressures. New Delhi, Dec. 26 Navratna and miniratna public sector enterprises can continue to park up to 30 per cent of their surplus funds in equity mutual fund schemes of public sector mutual ...
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Come 2009, TV viewing to become costlier
Security deposit, rental for set-top boxes lowered in CAS-mandated areas. New Delhi, Dec. 26 The Telecom Regulatory Authority of India (TRAI) has amended the Broadcasting and Cable Tariff Order to allow for inflation-linked adjustments in the ...
Sensex sheds early gains on weak sentiment
Mumbai, Dec 26 It was a rather disappointing week for the equity market, with benchmark Sensex losing 770 points in four consecutive trading ...
Boost domestic demand: Bajaj
‘Exports to take a hit in 2009’. Pune, Dec. 26 Exports are definitely going to be down for most industry sectors in 2009 as compared to 2008, and immediate measures need to be taken to boost domestic demand so that in totality the ...
Guaranteed return plans popular
INSURERS UPBEAT. Mumbai, Dec. 26 At a time when investors are looking to park their earnings in safe havens such as fixed deposits, given the current volatile stock market scenario, life insurance companies are offering guaranteed-return ...
RCom submits plan to deal with cable cuts to TRAI
Alternative bandwidth to restore Net services arranged. New Delhi, Dec. 26 Reliance Communications Ltd has informed the telecom regulator that it has put in place alternative bandwidth to restore Internet services and International ...
Financial tsunami gives hard time for hardware sector
Rupee movement, weak sentiment add to industry’s woes. New Delhi, Dec 26 The year 2008 offered virtually no respite to the IT hardware industry, as falling rupee dented margins of PC manufacturers and, in turn, prompted them to effect ...
Advance tax collections down 22% in Dec 15 instalment
New Delhi, Dec. 26 The Centre’s advance tax collections for the December 15 instalment recorded a 22 per cent decline to Rs 42,600 crore as against Rs 54,900 crore collected in the same third instalment last year, provisional data ...
R&D activity in steel sector at its nadir
No takers for joint plant committee grants. New Delhi, Dec. 26 Research and development in the steel sector has reached a low point. According to officials in the Ministry of Steel, there are hardly any proposals from any research agencies, ...
Rupee seen ‘decoupling’ from other Asian currencies
Thiruvananthapuram, Dec. 26 The much bandied ‘decoupling’ theory may have got its comeuppance in the context of the global recessionary contagion having begun to eat into the vitals of the Indian ...
‘New institutional investors may give equity stability’
Coimbatore, Dec. 26 As a tumultuous year draws to a close, the stock market in India is eagerly waiting for the policy direction that the new US President would give to the financial sector in his country, which would have a deep impact on ...
Markets this week
Mercury drops further over northwest, peninsula
Thiruvananthapuram, Dec. 26 Minimum temperatures continued to be below normal by 2 to 3 deg Celsius over parts of northwest, central and east India during the 24 hours ending Friday ...
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