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Lenders likely to loosen grip, offer more credit
We have to go back to customers to get back to growth: Kamath. Lenders are expected to loosen their purse strings to make available more credit in the coming days on the back of the likely reduction in interest rates, the Confederation of Indian ...
CAT goes non-Science student-friendly
Ahmedabad, Nov. 16 With 2.9 lakh applications received of the Common Admission Test 2008, an estimated 2.4 lakh students took the examination on Sunday, said Mr Gautam Puri, Vice-Chairman, Career ...
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State & industry: ...
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TODAY'S PICK (Latest Audio: English/Tamil)
Lupin (Rs 581.25): Sell
We recommend a sell in Lupin from a short-term horizon. It is evident from the charts of Lupin that after recording an all-time high of Rs 780 on October 3, it reversed direction and has been on a medium-term downtrend. The stock’s ...
Day Trading Guide
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IT sector growth rate to slow down: Nilekani
‘Industry resilient enough to deal with challenges’. Admitting that the country’s IT sector cannot be immune to the global crisis, Bangalore-headquartered Infosys Technologies Co-Chairman, Mr Nandan M. Nilekani, said on Sunday ...
IT majors get more fixed price contracts
Trend helps improve efficiency, save on staff cost. New Delhi/Chennai, Nov. 16 Three of the top five IT service providers - Infosys Technologies, Wipro and HCL Technologies - have posted a year-on-year as well as a sequential rise in the ...
Mastek closing down BPO practice
No ‘scope for desired increase in average revenues per employee’. Mumbai, Nov. 16 Mid-size IT solutions firm Mastek Ltd is in the process of closing down its business process outsourcing ...
Stimulating developments
Last week saw some interesting developments on the international economic scene. The most important of these is China’s pre-emptive move last Sunday announcing a fiscal stimulus package of nearly $586 billion for two years. This amounts ...
Metals may probe further lows
New projects put on hold or even cancelled; producers cut output. Commodity markets continue to plunge to lower and lower levels. Central to the market performance is demand-side concerns that have continued to receive focussed attention. ...
Positive divergences in gold
Gold futures, rebounded on Friday as retail sales in the US dropped in October by the most ever, pushing the economy toward the worst slump in decades and potentially boosting bullion’s appeal as a haven. The weekend G20 meeting has not ...
Indices may fluctuate within a broader range
Bailouts or relief measures – No boost to sentiment. Weekly outlook loses much of its meaning when market is discounting the long-term positives with a jaundiced eye. Last week, the announcement of the Chinese stimulus package could cheer ...
Hatsun, Schreiber Dynamix plan milk holidays on low exports
Falling SMP prices force the cos to scale down procurement. New Delhi, Nov. 16 With export orders drying up and global prices crashing, leading private dairies are planning to sharply cut back their milk procurement operations. The move may ...
‘Airfares staying up on strong dollar’
The newly appointed President of the Delhi-based low-cost airline IndiGo, Mr Aditya Ghosh, has his job cut out for him: navigating the two-year-old airline through some of the most challenging times that the industry is ...
Goods carriers feel the heat of meltdown
See a 20-30% fall in volumes over last 3 months; vehicle network underutilised. Mumbai, Nov. 16 The effects of the global economic meltdown are being felt by the domestic surface transportation industry as ...
Bay cyclone revs up northeast monsoon
Thiruvananthapuram, Nov. 16 The Bay of Bengal saw a tropical cyclone, named Khai-Muk, spring up on Friday midnight but weaken into a deep depression prior to crossing the south Andhra Pradesh coast on ...
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