The Hindu Business Line : Friday, October 10, 2008

Market jitters persist
Asian stocks rise on rate cuts; trend fails to sustain in Europe,US. Mumbai, Oct. 9 Worried investors in Indian equity markets hoping for a turn of sentiment in the global markets following coordinated rescue efforts by governments across the ...

Bankers anticipate another cut in CRR
Mumbai, Oct. 9 As the rupee fell to a six-year low on account of huge amount of capital outflows from the domestic equity markets and with the RBI continuing to sell dollars, liquidity conditions are expected to remain tight in the coming ...

Fiery show: A folk artist... TODAY'S PICK (Latest Audio: English/Tamil)
Ranbaxy Laboratories (Rs 279.25): BUY
We recommend a buy in Ranbaxy Laboratories from a short-term perspective. It is evident from the charts of Ranbaxy that it has been on an intermediate-term downtrend from its June high of Rs 613. This downtrend accelerated in the early part ...

Day Trading Guide

Are MFs facing redemption pressure?
Mumbai, Oct. 7 The mutual fund industry seems to be facing some redemption pressure now, which could be the reason why they have been net sellers of equity so far this month. According to the data available on the Web site of the Securities ...

Trusts may get to invest in shares
Bill likely in coming session. New Delhi, Oct. 9 Trusts may soon be allowed to park their funds in listed shares or private sector debt instruments that have investment grade rating from credit rating ...

Cairn yet to get ‘right of use’ for Rajasthan pipeline
New Delhi, Oct. 9 Cairn India, which aims to pump out oil from its Rajasthan fields in a year’s time, has run into fresh trouble, this time with the Rajasthan government. The latter is yet to grant the crucial Right of Use (ROU) for ...

India out of Top 5 in apparel exports
New Delhi, Oct. 9 A slowdown in the Chinese textiles juggernaut has sparked off a spill-over of orders into Vietnam and Indonesia, which have effectively pushed India out of the list of top five apparel exporters to the US market in ...

More downside risks for metals in Q4
Macroeconomic factors set to affect prices, demand. Mumbai, Oct 9 While commodity prices have fallen across the board, metals seem to have taken the biggest hit, primarily because of growth concerns and slowing consumption demand. From the highs ...

TCS to retain entire team of Citi’s BPO unit
‘May scale up hiring; no scope for lay-offs’. Tata Consultancy Services (TCS) will not only retain each of the more than 12,400 employees currently working with Citigroup Global Services Ltd (CGSL), but also scale up hiring for its ...

Banks see further tightening of liquidity; hike deposit rates
Bulk deposits being offered rates as high as 12%. Bangalore, Oct. 9 Banks have begun pushing up deposit rates anticipating a further tightening of liquidity, despite the Reserve Bank’s 50 basis points cut in the Cash Reserve ...

Milk powder prices seen down on improved supply
Import demand likely to continue from Asia: Abare. Chennai, Oct.9 Global prices for skimmed milk and whole milk powder are forecast to decline 16 per cent this year on increased supply, especially from ...

Wartsila hopes to ride tough times on strong order book
Gives it time to react to market changes; added security in advance payments. Chennai, Oct. 9 With an order book of €7.5 billion (Rs 48,750 cr) that would keep it busy up to and through most of 2010, the multinational Wartsila Corporation ...

30% of new mobile users are from rural areas: TRAI
New Delhi, Oct. 9 The rollout of mobile services in rural areas is beginning to bring in the numbers for operators. Compared to a trickle of rural subscribers just a few years back, operators are now getting more than 30 per cent of their ...

Global Indians: There’s no stopping them
Meeting in Singapore after 12 years. Question: Where in the world would you find the highest number of ‘People of Indian Origin’? Give yourself a few minutes to make a good guess.Answer: Myanmar. Not less than 2.5 million ethnic ...

Build-up for northeast monsoon apace
Thiruvananthapuram, Oct 9 The rain activity in east and northeast India has reduced in intensity in what is considered a slow but sure build-up for monsoon transition from southwest to ...