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TODAY'S PICK (Latest Audio: English/Tamil)
Wipro (Rs 227.35): Sell
We recommend a sell in Wipro stock from a short-term trading horizon. It is apparent from the charts of Wipro that it has been on a long-term downtrend from its February 2007 peak of Rs 690. Since then the stock has been forming lower peaks ...
Day Trading Guide
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World Bank reveals Wipro, Megasoft were barred, too
Much ado about nothing, say cos. Bangalore/New Delhi/Mumbai, Jan. 12 In a further setback to the Indian IT sector, the World Bank made public it has barred Wipro Technologies and Megasoft Ltd since 2007 from receiving direct contracts under its ...
Transporters call off strike; govt to consider demands
New Delhi, Jan. 12 The All India Motor Transport Congress (AIMTC), a body of transporters, on Monday called off its eight-day-old strike. This was after the Government decided to form a committee to look into some of its demands like ...
RIL may be allowed to sell gas to third parties
Court may modify interim order. The Division Bench of the Bombay High Court said on Monday that it could modify the injunction that prevents Reliance Industries from selling gas to third ...
Industrial production grows 2.4% in Nov
Better than the 0.4% decline in October. Industrial growth bounced back to the positive zone in November 2008 with the Index of Industrial Production (IIP) registering a growth of 2.4 per cent during the month as compared to a negative growth of ...
Tata Comm seeks Govt nod to raise funds
‘It requires money to carry out expansion plans’. The ongoing credit crunch seems to be beginning to hit the telecom sector also. Tata Communications (formerly known as Videsh Sanchar Nigam Ltd) has written to the Government seeking ...
What will happen to Satyam’s SEZs?
Company received clearance for 5 SEZs in 2008. Hyderabad, Jan. 12 Satyam Computer Services was one of the favoured IT companies for several States that wanted to attract investments and develop IT-SEZs (Special Economic ...
Auto sales skid further in December
Passenger cars show relatively lower decline. Barring passenger cars, other automobile segments recorded a sharper fall in December 2008, both on a year-on-year basis and over the previous month’s ...
Satyam issue to dull interest in bellwether IT results
Bangalore, Jan. 12 The Satyam fiasco could diminish the interest in IT earnings for December quarter that may provide a peek into the next fiscal, which would feel the full impact of the economic ...
ICAI plans to tighten rules on auditors’ tenure
Calls for compulsory verification of cash & bank balances above a certain threshold. Mumbai, Jan. 12 Shaken by the alleged “inaction” of Satyam Computer’s auditor Price Waterhouse, the Institute of Chartered Accountants of ...
Satyamites abroad fear job loss, legal tangles
Some apply for transfer visas to work for other cos. Hyderabad, Jan. 12 Besides living a in a state of uncertainty, Saytamites working on-site abroad are a worried lot due to legal complications even as the Government-constituted board took ...
Bajaj redrafts bike strategy, to launch XCD 135 on Jan 21
2 more ‘middle-of-the-market’ bikes to be rolled out. Mumbai, Jan. 12 Bajaj Auto is putting in place an aggressive strategy for motorcycles which will kick off with the launch of the XCD 135 on January 21. The bike will cost ...
Economy headed for more pain in 2009
Going by all the available indicators, it appears that the Indian economy is clearly headed for more pain in 2009. The continuing flow of bad news on the economic front has forced the Government to announce a second stimulus package on January 2 ...
Slumdog who touched hearts
The spectacular success of the talented Hollywood director Danny Boyle’s film Slumdog Millionaire at the Golden Globe awards, where both the film director and its music director, A. R. Rahman, walked away with the coveted ...
Cold, dry plains in north look west for rains
Thiruvananthapuram, Jan. 12 A western disturbance with an induced secondary cyclonic circulation is forecast to impact the western Himalayan region for four days from ...
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