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Sub-accounts rising despite amendments to FII norms
FII registration process taking a long time. Despite SEBI trying to encourage foreign funds to come upfront and register as FIIs, the number of sub-accounts has been rising, even after the amendments to the FII regulations were notified ...
Locals feel let down by Nano pullout
A day after Mr Ratan Tata announced that he was pulling the Nano project out of West Bengal, Singur continued to be engulfed in ...
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Rupee falls 17% in six months
Funds flow drying up. The rupee, which has depreciated by more than 17 per cent in the last six months, may continue to be under pressure against the US dollar as no major improvement in foreign fund flow is expected in the near future, say ...
IOC-OIL arm to scout for oil assets in CIS, African countries
Deloitte to work out tax benefits in target countries. New Delhi, Oct. 4 Ind-Oil Overseas Ltd, the Mauritius-based special entity jointly floated by Indian Oil Corporation (IOC) and Oil India Ltd (OIL) for acquiring oil and gas acreages ...
Soon you can fly and travel by rail on the same ticket in Europe
New Delhi, Oct. 4 It is now possible to fly to most major cities in Europe and continue your journey by rail or road to smaller towns – all on one ticket, and cheaper to boot. The same facility now also exists for those wanting to fly ...
States vie for Nano project
Karnataka-Tata talks in Dharwad today. Bangalore/Dharwad, Oct. 4 The Karnataka Government has moved into top gear on the Nano car project and quickly organised a high-level meeting with the Tata Motors Managing Director, Mr Ravi Kant, at Dharwad ...
Index Outlook
It was a nightmarish start to last week with the House of Representatives rejecting the bailout package and the credit crisis claiming a string of victims in Europe. Equities struggled to their feet mid-week, as the package was tweaked to ...
Amara Raja Batteries: Buy
The stock of Amara Raja Batteries (ARB) has shown resilience during market turbulences in the past. The stock managed to rally despite the steep correction in January this year to reach its 52-week high of Rs 275 in February. However, a 16 ...
Maytas Infra: Buy
Tulip Telecom: Buy
Investments with a one-two year horizon can be considered in the stock of Tulip Telecom, a strong player in the domestic data connectivity and network ...
An economy in search of policy
Judging from the ongoing meltdown of Wall Street and the fluctuations in US policy reactions last week, it becomes clear that one of the most important items on the agenda of Asian emerging economies is the attempt to ring them against the ...
Bush looks to sign 123 agreement soon: Rice
New Delhi, Oct 4 The US President, Mr George Bush, hopes to sign the 123 Agreement soon, the visiting Secretary of State, Ms Condoleezza Rice, said here on ...
Steel imports up 50% in first six months
India will continue to remain a net importer of steel during the current fiscal with demand growing at around 11.2 per cent while growth in production is expected to be around 5.2 per cent, the Minister of Steel, Mr Ram Vilas Paswan, said here ...
Weekly News Round-up(Latest Audio:English)
HCL Technologies came ahead in the race for the acquisition of the Axon Group, with the Board of the UK company last Thursday dropping its recommendation of Infosys' 600 pence a share offer. Axon said it would unanimously recommend HCL's 650 ...
HDFC Capital Builder Fund: Hold
Investors can retain their holdings in HDFC Capital Builder Fund, which has outpaced its benchmark CNX 500 over the past five years, barring 2006. The fund has a strategy of investing in companies that are priced below their fair ...
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