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Reverse overseas stock lending deals, FIIs told
SEBI looking into the matter, says Chidambaram. New Delhi/Mumbai, Oct. 23 The Union Finance Minister, Mr P. Chidambaram, on Thursday said SEBI has asked foreign institutional investors to reverse transactions that involved overseas lending of ...
Reliance Q2 net rises 7%; refining margins thin
Mumbai, Oct. 23 Reliance Industries said its second quarter net profit rose 7 per cent, the lowest for any quarter in two and a half years as narrowing refining margins muted ...
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Investors look dull after...
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TODAY'S PICK (Latest Audio: English/Tamil)
Cummins India (Rs 227.70): Sell
We recommend a sell in Cummins India from a short-term trading perspective. It is clearly evident from the charts of Cummins India that after a medium-term uptrend from Rs 225, the stock encountered significant resistance at around Rs 330 in ...
Day Trading Guide
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3 PSUs to form joint venture for export of nuclear reactors
Chennai, Oct. 23 Three public sector companies have decided to set up a joint venture for the export of nuclear ...
Nifty goes below 3000 level as FII selling continued
Mumbai, Oct. 23 The S&P CNX Nifty ended below 3,000-level for the first time in more than two years on Thursday, as continued selling on the foreign institutional investors counters sent the markets into a ...
Re closes at all-time low of 49.81
Mumbai, Oct. 23 The rupee continued its free fall against the dollar on Thursday, closing at an all-time low of ...
Bulk deals drying up as traders lose interest
Fall in proprietary trading cited as reason. Mumbai, Oct. 23 With the stock markets hitting new lows, the number of bulk/block deals reported on a daily basis has also seen a sharp ...
Oil marketing companies slip on liquidity crunch fear
Counters see marked selling by FIIs. Kolkata, Oct. 23 Stocks of public sector oil marketing companies on Thursday dropped substantially on selling pressure. IOC declined by 5.5 per cent to Rs 368.35, BPCL plummeted by 6.7 per cent to Rs 301.25 ...
Higher input costs drive down ACC’s net profit
‘Decline in cement consumption likely’. Mumbai, Oct. 23 Saddled by the rise in input cost and taxes, ACC Ltd has reported a 3 per cent drop in standalone net profit at Rs 284 crore in the quarter ended September 30, against Rs 292 ...
Telecom players want ECB cap to be raised
Seek funding under automatic route for 3G, broadband auction. New Delhi, Oct. 23 In a bid to tide over the liquidity crunch due to the global financial crisis, telecom operators have approached the Finance Ministry seeking further relaxation to ...
Fuel for large aircraft may be ‘declared goods’
Move to attract uniform sales tax of 3%. New Delhi, Oct. 23 The Government may provide ‘declared goods’ status to aviation turbine fuel (ATF) being sold to Boeing and Airbus aircraft being operated by domestic carriers, thereby ...
Rupee dip to have mixed impact on gas cos
Kolkata, Oct. 23 Rupee depreciation has left a mixed impact on the gas industry. While producers of dollar denominated non-APM gas witness an unexpected increase in their revenues, city gas distribution (CGD) companies procuring LNG or ...
Inflation declines further to 11.07%
Continuing with its declining trend, the annual Wholesale Price Index-based inflation rose 11.07 per cent during the week ended October 11, below the previous week's annual rise of 11.44 per cent, on account of an across-the-board dip in ...
Global shrimp prices continue to reign low
Sluggish demand from Europe, US and Japan. The global shrimp prices continue to reign low. The demand from Europe, the US and Japan has become sluggish. And, as the festive season of Christmas and New Year draws near, the seafood exporters have ...
Home loan growth slowing
Chennai, Oct. 23 Loan growth to the housing sector decelerated slightly in the second quarter. Home loans grew at about 14 per cent or by about Rs 32,792 crore during the year up to August 31, 2008. Comparatively, in the previous year for ...
Peninsular rains may relent soon
Thiruvananthapuram, Oct 23 Wednesday’s feeble ‘low’ over the southeast Arabian Sea off the Kerala coast has strengthened overnight into a conventional ‘low’ even as a counterpart system is expected to pop over ...
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