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PSU banks aim for aggressive passenger vehicle loan growth
Private banks scale down lending portfolio. Despite the economic slowdown, the major public sector banks expect loans for purchase of cars and other passenger vehicles to grow 20-25 per cent in the ...
Govt looking at measures to sustain export growth
New Delhi, Nov. 17 The Government may come up with a slew of measures to sustain the current export growth on the back of apprehensions that the global economic slowdown may see India miss the export target of $200 billion set for the ...
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Mr Kamal Nath, Minister o...
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TODAY'S PICK (Latest Audio: English/Tamil)
Cummins India (Rs 216.75): Sell
We recommend a sell in Cummins India from a short-term perspective. It is apparent from the charts of Cummins that after recording a 52-week low of Rs 192 in late October, the stock rallied up to Rs 254. However, the stock witnessed resistance ...
Day Trading Guide
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CANDU’s vendor eyes Indian nuclear market
Can offer ‘significant upgrades’ to reactor technology. New Delhi, Nov. 17 Atomic Energy of Canada Ltd — the Canadian state-owned corporation which is the vendor for the ‘CANDU’ technology — is planning to ...
Banks preferring longer-dated papers
Average tenure of securities now at over 2.5 years. Bangalore, Nov. 17 Faced with burgeoning deposits, banks are beginning to stretch their investment portfolio to ...
Infosys sticks to revenue guidance; looking for buyouts
New Delhi, Nov. 17 Infosys Technologies on Monday termed the current global environment as “difficult and challenging” but said it is sticking to its quarterly and FY09 revenue guidance for ...
Mid-tier IT firms hire ‘average’ numbers
Demand for temporary staff up. Bangalore/Mumbai, Nov.17 The uncertainty due to the economic meltdown in the US, which is the largest market for the Indian IT industry, may not have prompted mid-tier Indian IT companies to revise hiring plans, ...
Tata Chem to build up liquidity, conserve cash
Rules out job cuts for now; modernisation, expansion plans on course. Ahmedabad, Nov. 17 Ruling out any job cuts at this juncture in the wake of the unfolding global economic meltdown, Tata Chemicals Ltd (TCL), the world’s second largest ...
Allow foreign airlines to pick up stake in domestic carriers: Mallya
New Delhi/Bangalore, Nov. 17 The Chairman of Kingfisher Airlines, Mr Vijay Mallya has “requested” the Government to allow foreign airlines to pick up a minority stake in ...
G-20 summit: No happy ending
The eagerly anticipated G-20 meeting that was to have solved much, if not all, of the world’s problems has happened, with leaders of the 20 nations and international financial institutions all good intent about working together to ...
Oil price cut decision: Govt on slippery ground
MCX Brent crude down 53% since July 11 at Rs 2,833 a barrel. Chennai, Nov. 17 Crude oil prices hit a peak of $147 on July 11. Since then, they have been on a downswing and as on Monday, the rates had dropped over 62 per cent to $55.60 a barrel ...
The industrial recession: New or ongoing?
The industrial slowdown is now accepted as fact by most policymakers and observers of the Indian economy. Yet officials and commentators seem to blame it on external factors: most obviously, the global financial crisis originating in the US ...
Cairn urges Ministry to decide fast on nominee refineries
For lifting crude oil from Rajasthan fields. Cairn India Ltd (CIL) has approached the Petroleum Ministry to take an early call on the refineries it will nominate to lift Rajasthan crude. The company wants a clear picture, so that a decision on ...
Slash of risk weights to have limited impact
Demand holds key to real estate recovery. The Reserve Bank of India’s move to reduce risk weights attached to commercial real estate lending and reduce the provisioning requirements for home loans signals the beginning of a reversal in the ...
Selling by overseas investors intensifies
Domestic funds also turn net sellers. Mumbai, Nov. 17 FIIs have stepped up selling once again in the equity market, but the more worrying fact is that the domestic institutional investors (DIIs) too are not supporting the market and have turned ...
Cooking oil may turn costlier if customs duty is hiked
Palm oil slipping into lean production season. Mumbai, Nov. 17 Despite the Government’s recent rejection of the vegetable oil industry’s demand for re-imposition of customs duty on imported oils, efforts have once again begun to ...
Cyclone Khai-Muk remnant causes rains to linger
Thiruvananthapuram, Nov. 17 Erstwhile cyclone Khai-Muk has weakened rapidly since encountering land, and only a remnant cyclonic circulation managed to cross the peninsular landmass and slide into the Arabian Sea off the Karnataka-Goa coasts ...
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