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Markets feel the global tremor
Sensex tanks 506 points, plunges to 18-month low. Mumbai, Sept. 29 News that the global financial turmoil is now claiming financial institutions in Europe and the UK sent the Sensex plunging to an 18-month low on Monday, to a ...
Rupee breaches 47
Mumbai, Sept. 29 The meltdown in the equity market and strengthening of the dollar in the global markets had its impact in the local currency market on Monday. The rupee breached the psychologically important 47-mark against the dollar ...
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‘A courtesy call’: Mr Muk...
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TODAY'S PICK (Latest Audio: English/Tamil)
Indian Bank (Rs 119.40): Sell
We recommend a sell in Indian Bank from short-term perspective. It is clearly apparent from the charts of Indian Bank that it had been on a medium-term uptrend between mid July and early September from Rs 78 (a 52-week low) to a high of Rs ...
Day Trading Guide
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RIL wants tax issues resolved on diesel sale
New Delhi, Sept. 29 Any visit by Reliance Industries Ltd’s chief, Mr Mukesh D. Ambani, to the Capital’s corridors of power is bound to create a flutter. But this time speculation was high as the timing of the visit is on the eve ...
High-level panel meet on financial turmoil
Mumbai, Sept 29 The High Level Co-ordination Committee on financial markets, which is meeting on Wednesday, will assess the impact of the current global financial turmoil ...
Jet to dilute 10% equity: Goyal
In an effort to bail out the bleeding airline, Jet Airways plans to raise capital through a stake sale of up to 10 per ...
Infosys mum on Axon counter offer
UK firm now free to amend recommendation of Infosys offer to shareholders. New Delhi/Bangalore, Sept 29 With the 60-hour deadline having lapsed since HCL’s 650 pence a share offer for Axon Group, and Bangalore based Infosys Technologies ...
Amsterdam uses garbage to light up the city
WASTE HANDLING SKILLS. Recently in Amsterdam The success of a waste-to-energy project in far-away Amsterdam could solve the most pressing problem of Indian cities and towns, which are grappling both with growing garbage pile-ups and ...
Wachovia impact: IT vendors on ‘wait-and-watch’ mode
Bangalore/New Delhi, Sept. 29 There’s more trouble brewing for the Indian IT and BPO vendors as Wachovia Corp, the sixth largest bank in the US, becomes the latest victim of the financial turmoil. Citigroup is acquiring Wachovia for ...
Adani, Chemoil sign pact for joint venture
For supply of marine fuel at Mundra Port. Ahmedabad, Sept. 29 Adani Enterprises Ltd (AEL), a constituent of the Adani Group, has signed an exclusive, 50:50 joint venture agreement with Chemoil, one of the world’s leading physical ...
Nano issue adds to woes of auto component makers
Capacity constraints put pressure on volume take-off. New Delhi, Sept. 29 Domestic autoparts suppliers banking on volumes from the production of the Nano to mitigate the impact of the slowdown in the domestic and global auto industry, say that ...
Realty stocks hit 52-week lows
‘Land acquisition at peak prices thru short-term high cost debt major worry’. Mumbai, Sept. 29 Realty stocks took a tumble on the bourses and many logged their 52-week low ...
Declining rupee inflicts further damage on FIIs
Kolkata, Sept. 29 FIIs, who are selling equities on Dalal Street now, are incurring additional losses over market ...
De-rating cloud hangs over fixed maturity plans
Mumbai, Sept. 29 The hugely popular fixed maturity plans (FMPs) offered by mutual funds may now face pressures as the risk profile of this category of schemes has substantially changed over the last ...
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