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Public sector banks cut rates on new home loans
Margin amount reduced; aim is to stimulate economy: SBI chief. Public sector banks have brought cheer to small home loan seekers by cutting rates on Monday under a new package aimed at stimulating demand in the retail housing ...
Advance tax outflow infuses volatility in market
Mumbai, Dec. 15 Volatility marked trading on the bourses on Monday, as advance tax payments by Indian corporates for the quarter ended December came to a ...
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New package: Mr O.P. Bhat...
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TODAY'S PICK (Latest Audio: English/Tamil)
Television Eighteen India (Rs 82.10): Buy
We recommend a buy in Television Eighteen India (TV18) from a short-term trading perspective. It is clearly visible from the charts of TV18 that after encountering significant resistance around Rs 250 in august, it resumed its long-term ...
Day Trading Guide
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Bajaj Auto to shut Waluj plant for 10 days
Company sees lower offtake this festival season. Pune, Dec. 15 Two-wheeler manufacturer Bajaj Auto Ltd (BAL) has decided to shut down production at its Waluj plant near Aurangabad for 10 days this year against the five-day annual block closure ...
Airlines non-committal on fare reduction
New Delhi, Dec. 15 Domestic flying will not become cheaper immediately despite oil companies reducing aviation turbine fuel (ATF) prices by 11.5 per ...
Toyota Kirloskar to cut output by 30% in Dec
New Delhi, Dec. 15 Toyota Kirloskar Motor has said it will cut production by 30 per cent during the current month as there has been a dip in the passenger car ...
Cricket is still the best platform for advertisers
SHOW ME THE MONEY. New Delhi, Dec. 15 India’s recent run of victories in cricket is making the broadcasters smile once again. Neo Sports is hoping to up its rates when the audience ratings come in, says Mr Abhishek Verma, Head (Marketing ...
HCL Tech completes acquisition of Axon
SAP practice merged with acquired entity to form new division. New Delhi, Dec. 15 HCL Technologies on Monday announced the completion of the £440-million buyout of UK-based Axon Group. HCL has now merged Axon with its own SAP practice, and ...
Small is beautiful for retailers in gloom
Higher returns in niche formats. New Delhi, Dec. 15 Faced with the unexpectedly sharp slowdown in economic activity, retailers have begun to opt for smaller and niche formats rather than the large and hyper formats. This means shop sizes now ...
Global recession: How deep and for how long?
As 2008 entered its final month, predictions of where the world economy is heading turned dire. The World Bank projected world output to grow by a mere 0.9 per cent in 2009 ( compared with 2.5 per cent in 2008 and a high of 4 per cent in 2006) ...
Fiscal stimulus: Centre trying to effect rebound in demand
With the UPA Government working on a second stimulus package after it unfurled the first last Sunday, fiscal fetishism no longer holds water in troubled times like this, despite the passage of the Fiscal Responsibility and Budget ...
Housing finance cos may revisit business model
Special rates package by PSBs poses challenge. Mumbai, Dec. 15 The move by public sector banks to offer lower interest rates on small value housing loans could pose a business challenge to housing finance companies in the short ...
Bosch drive to counter slowdown
Not to renew contracts for up to 300 trainees. Bangalore, Dec. 15 The world’s largest auto parts maker Bosch will not renew contracts for up to 300 of its trainees and others in its plants in India even as it is taking steps to rejig its ...
Easterly wave dumps moisture over coastal TN
Thiruvananthapuram, Dec. 15 An itinerant easterly wave loaded upfront with oodles of moisture has got into the act of soaking coastal Tamil Nadu with moderate to heavy rains from overnight on ...
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