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A bad year for greenhorns
Checking back on IPOs…. Even as late as June this year, investors in initial public offers (IPOs) continued to be better off than those who dabbled in the secondary market. Smaller IPOs continued to deliver good listing gains, even while ...
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‘Flight to safety’ sparked rupee fall
Rupee depreciation continued despite oil price dip. BL Research Bureau One surprising sidelight to the recent market mayhem is the sharp depreciation in the rupee relative to the dollar, with the domestic currency sliding by 14 per cent in a ...
UltraTech posts 12% fall in net profit
Real estate slowdown, rising input costs. Mumbai, Oct. 18 Signalling a slowdown in earnings of cement companies in the days to come, UltraTech Cement Ltd, an Aditya Birla Group company, recorded a 12 per cent drop in net profit at Rs 164 crore ...
WorldSpace files for bankruptcy in US
Fails to get new funding to repay debt. Chennai, Oct. 18 Digital satellite radio broadcasting company, WorldSpace Inc, has filed for bankruptcy protection in a US court after failing to obtain new ...
Index Outlook
Despite the brouhaha over the Sensex closing below 10000, there are a number of positive takeaways from last week’s proceedings. The regulators appear to have finally identified the cause for the present turmoil and seem to be taking ...
HDFC Bank: Buy
Investors can consider accumulating the HDFC Bank stock with a two-year perspective, given the bank’s resilience in a challenging environment and scope for strong growth in ...
HDFC Top 200 Fund: Invest
Investments can be considered in the units of HDFC Top 200 Fund, considering its good long-term track record and ability to contain losses better than its benchmark during market downturns. The fund has generated returns that have placed it ...
Depreciation, tax nibble away Indian Bank’s profits
‘Bank will not drop lending rates unless deposit rates fell first’. Chennai, Oct. 18 A 47 per cent growth in advances helped Indian Bank turn in an operating profit of Rs 532 crore for the quarter ended September – 55 per cent ...
India will move up to 4th place in investment league: KPMG study
Bangalore, Oct. 18 India might perceive the current global economic turmoil as a dampener in its march towards a stronger economy, but a report prepared by KPMG for the Confederation of Indian Industry highlighted an interesting perception ...
Weekly News Round-up(Latest Audio:English)
Jet Airways announced on Wednesday that it planned to terminate the services of 1,100 more employees. The airline announced that 800 flight attendant probationers had been told to leave. Mr Wolfgang Prock Schauer, Chief Executive of Jet ...
Suzlon Energy: Buy
The approval of the much-debated renewable energy production tax credit (PTC) by both the US Congress has brought renewed hope for the US wind energy ...
Axis Bank: Buy
Investors with a two-year investment horizon can consider buying the stock of Axis Bank. The bank’s performance has so far allayed fears about an earnings slowdown due to the ongoing global turmoil, high interest rates and ...
Redington India: Buy
Investors willing to bet on the strong domestic and Middle-East’s IT (hardware and software) adoption story can consider buying the shares of Redington India, a hardware, software products and digital products distributor. At Rs 192, ...
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