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Power import policy on cards to boost hydel inflows
Private firms may have a larger role in tapping Himalayan-rim nations. New Delhi, Aug. 24 The Centre is working on a power import policy to step up hydropower development in the Himalayan-rim countries for facilitating electricity inflows into ...

Banks entering private equity space to increase fee income
See opportunities in using capital market expertise, existing network. Mumbai, Aug. 24 An increasing number of banks are floating private equity (PE) funds in order to add to their non-interest income. This gives them the opportunity to ...



Book release: Mr P. Chida...
Future Capital Hold (Rs 356.60): Buy
We recommend a buy in Future Capital Holdings from a short-term perspective. It is clearly evident from the charts of Future Capital Holdings that it had been on an intermediate-term downtrend from its February high of Rs 1,190 to its ...

Day Trading Guide


Sportspersons brought under ‘professional services’, to pay more tax
New Delhi, Aug. 24 Sportspersons have been unconditionally brought under the ambit of tax deduction at source (TDS) at a higher rate, with the Central Board of Direct Taxes (CBDT) now categorising their services in relation to sports ...

Oil marketing cos will have to pay more for petrol, diesel from EOU refinery
New Delhi, Aug. 24 The public sector oil marketing companies – Indian Oil Corporation, Bharat Petroleum Corporation and Hindustan Petroleum Corporation – may have to bear a higher price for petrol and diesel purchased from a ...

Global shipping: Drifting into recession?
Is world shipping heading for recession? It is too early to predict anything firmly at this moment but the indications appear ominous. And traditionally, as everyone knows, shipping has been the leading ...

‘India’s Turn’: An optimist’s view
Dr Arvind Subramanian, a well-known US-based Indian economist, has published a thought-provoking book on India’s macroeconomic developments. Dr Subramanian is a Senior Research Fellow of the Peterson Institute for International Affairs in ...

Gold under the mercy of dollar, oil prices
May get support from bulls if the price falls to around $800/oz. Mumbai, Aug. 24 Across the board, commodity prices have moved indiscriminately in recent weeks, raising debates over the basic causes of such volatility. Belief is now gaining ...

Cos willing to pay more to hire for transformational services
Costs offset by higher values, larger deals they bring in. Bangalore, Aug. 24 A skilled workforce, essential for transformational services that is now the new mantra, is pushing up costs for the Indian IT vendors. But the companies ...

Market likely to move in a tight band
Global markets could set the short-term direction. When you sense that the market is going to be range-bound for some time, you have a dilemma. But when the fundamental economic indicators turn wobbly, then your dilemma is compounded. To top ...

Tata factory, farmers should co-exist in Singur, says Mamata
‘But 400 acres must be returned to unwilling farmers’. Singur, Aug. 24 “We want the Tata Motors car factory to come up at Singur,” said the Trinamool Congress Chief, Ms Mamata Banerjee, while addressing a mammoth rally ...


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Markets (Aug 22)
Nifty (at close)4327.45(+43.60)
US Dollar (Buy/Sell)43.43/44
Brent crude (a bbl) Rs5,196
Gold (a gram) Rs1,115
Silver (a kg) Rs20,940


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