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3 more Satyam directors quit
‘January 10 board meeting may see change of guard’. Hyderabad, Dec. 29 A beleaguered Satyam Computer Services today suffered another major blow with three top independent directors ...
IL&FS Trust sells 44.1 lakh Satyam shares
‘Lenders may have sold shares pledged with them’. Mumbai, Dec. 29 IL&FS Trust Company Ltd — believed to be one of the institutions with whom the shares of the promoters of Satyam Computer Services were pledged — on ...
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Rate signal: Dr K. C. Cha...
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TODAY'S PICK (Latest Audio: English/Tamil)
Cummins India (Rs 211.70): Buy
We recommend a buy in Cummins India from a short-term trading horizon. It is evident from the charts of Cummins that it was on an intermediate-term downtrend from its September peak of Rs 330. It found support at Rs 185 on December 11, which is ...
Day Trading Guide
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PNB slashes prime lending rate to 12%
Retail, agriculture, MSME loans to become cheaper. Mumbai, Dec. 29 Anticipating a further reduction in interest rates by the central bank, Punjab National Bank on Monday announced a 50 basis points cut in its benchmark prime lending rate from ...
Sensex gains 200 points on stimulus package hopes
Mumbai, Dec. 29 Expectations of another stimulus package — including a rate cut by the Reserve Bank of India – and positive cues from overseas market boosted sentiment in the equity market ...
3G spectrum auction postponed to Jan 30
Cabinet nod awaited on policy issues. New Delhi, Dec. 29 The Department of Telecom has postponed the auctions for third generation mobile spectrum by two weeks to January 30. It was earlier announced that the auctions would take place on January ...
Global crisis and commodity prices
As an extraordinary year draws to a close, all that is clear for the future is that very little is clear. In the global economy, many processes that were unleashed during this period are yet to unfold fully, and their future direction is ...
Large-cap funds offer cushion
Contain declines better than category average. If 2008 had one positive stock market event, it was the Sensex hitting its all-time high in January; only to witness one of its steepest falls in recent ...
Telecom maintains ‘ringing’ growth
More than 100 million new telephone users in 2008. New Delhi, Dec.29 Despite the controversy over spectrum allocation and a slowing economy, the telecom sector continued to grow at a scorching pace this year. The number of telephone users in ...
Global meltdown weighs on the rupee
Outlook seen weak as deleveraging abroad is far from over. Bangalore, Dec. 29 For the Indian rupee Circa 2008 was not exactly very good. It was a year of extreme volatility and the rupee has shed over 20 per cent against the US dollar since ...
Ad industry thrives on spends from telecom, FMCG sectors
Mumbai, Dec. 29 The telecom and fast moving consumer goods industry have been the two categories which have sustained ad industry growth rates (estimated at below 11 per cent) for 2008. While the first half of the year saw robust growth ...
Binani lines up Rs 1,000-cr investment in cement, zinc
Additional Rs 300 cr in smelter in Rajasthan. Mumbai, Dec. 29 The Binani Group has lined up Rs 1,300 crore investments in cement ...
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