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Exporters may have to settle for lower duty drawback rates
Committee factors in latest duty changes including those on crude oil. New Delhi, Aug. 16 Exporters may have to settle for lower all-industry duty drawback rates for 2008-09 when the new rates are announced in the coming week. ...
Forex accounting by blue chip cos under lens
For reporting substantially higher net profit. New Delhi, Aug. 16 Blue chip companies’ accounting treatment of forex differences for their first quarter unaudited results is now under the lens of the Ministry for Corporate Affairs (MCA). ...
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Crusade against diseas...
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Brisk sales growth amid rising input costs
June quarter results. Corporate India saw a brisk pace of growth in net sales during the first quarter, no doubt; but an analysis of the results reveals that the increase in input costs and the rising interest burden are holding back earnings ...
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Operators to defy order on providing links to RCom
Row may delay company’s GSM launch plans. New Delhi, Aug. 16 GSM operators have decided to defy the telecom regulator’s directive to give links to connect Reliance Communication’s new network by August ...
Outbound travel costlier but biz is brisk
Kolkata/Mumbai, Aug. 16 The Indian traveller headed overseas is seemingly little deterred by the rising cost of travel owing to the depreciating ...
Kalindee Rail Nirman Engineers: Buy
Investments with a two-year perspective can be considered in the stock of Kalindee Rail Nirman Engineers, which is engaged in the business of signalling, telecommunications, gauge conversion and track-laying for the Indian Railways. A direct ...
Index Outlook
The markets could not revel in plunging commodity prices for long as the spectre of slowing economic growth manifested itself once more in industrial production and in the economic outlook of the economic advisory council. Rate-sensitive ...
HDFC Bank: Hold
Investors with a one-year horizon can hold on to the HDFC Bank stock. Though the bank has sound financials, concerns about rising interest rates, higher cost of funds and compressing spreads have cut down valuations for banking stocks. ...
Slump in Chinese textile market brightens prospects for India
Opportunity to reach untapped regions; industry advises caution. Chennai, Aug. 16 After a tough phase, there seems to be signs of hope for the rupee-scarred Indian textile industry. This time, it is the slump in Chinese textiles that has ...
Price fall leads to gold rush, short supply
Pune, Aug. 16 The onset of the Indian festival season and the downward slide in the price of the yellow metal has set off a gold rush that’s quite unprecedented in recent times, leading to what is seen as an “acute shortage of raw ...
Ranbaxy - Open Offer: Accept
Shareholders of Ranbaxy may use Daiichi Sankyo’s open offer (slated to begin from August 16) to book profits on the stock as the offer price is attractive. Japanese innovator drug company Daiichi Sankyo, in June this year, agreed to buy ...
Weekly News Round-up
Private sector managed provident fund and superannuation trusts can now have greater exposure in the stock markets. ...
PE investors give CFL schemes a boost
New Delhi, Aug 16 Global investors, including private equity majors and dedicated carbon funds, are throwing their weight behind compact fluorescent lamp (CFL) manufacturers in their bids for “green” projects on the anvil, ...
Kotak Opportunities: Invest
Investors can buy the units of Kotak Opportunities Fund, considering its consistent track record in delivering returns since its inception and its ability to outperform its benchmark significantly during market upsides. The fund has been among ...
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