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Sensex tanks 300 on Nortel, weak domestic support
All sectoral indices in the red; expectations low on Q3 results. Mumbai, Jan. 15 A string of bad news on the global front, and lack of buying support domestically sent the Indian indices into a tailspin ...
Slowdown effect tells on TCS
Co says there has been cancellation/slowdown of orders in verticals such as BFSI and telecom. Mumbai, Jan. 15 Tata Consultancy Services has reported its third consecutive quarter of muted growth as it encountered a decline in IT spending by ...
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Muted growth: Mr S. Ramad...
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TODAY'S PICK (Latest Audio: English/Tamil)
Balrampur Chini (Rs 50.6): Buy
We recommend a buy in Balrampur Chini Mills from a short-term perspective. The stock has been in a strong short-term uptrend from December 2, 2008 when it formed the low at Rs 29.7. It gained more than 80 per cent from this trough and is ...
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KPMG can’t audit for Satyam, it’s not registered: ICAI
Hyderabad, Jan. 15 If Price Waterhouse, auditors for the crisis-hit Satyam Computer Services, has drawn widespread flak for its role, another global firm, KPMG, drew instant criticism after being called, along with Deloitte, by the new ...
Satyam gets 3 more board members
New Delhi, Jan. 15 The embattled Satyam Computer Services board today got three more members — Mr Tarun Das, Mr T.N. Manoharan and Mr Suryakant Balkrishna Mainak — taking the total strength to six. This was announced by the ...
Now, a course to make auditors financial detectives!
ACCOUNTING FRAUDS. Mumbai, Jan. 15 The Institute of Chartered Accountants of India (ICAI) wants its members to learn a lesson or two on frauds and forgery; its three-month pilot Certificate Course in Fraud and Forensic Accounting begins on ...
Sensex cos see no big change in shareholding
Despite heavy withdrawals by FIIs. The shareholding of promoters and FIIs in the Sensex companies showed very little change over the third quarter of the current fiscal, although the index tanked 26 per cent, FIIs recorded net sales of Rs ...
Satyam may need Rs 700-800 cr in January, says Karnik
Company looking at loans on commercial terms. New Delhi, Jan. 15 Satyam Computer Services’ immediate requirement could be close to Rs 700-800 crore, including payment of salaries to employees and outstanding debt, its newly-appointed board ...
Business as usual, Nortel tells clients
Bankruptcy filings not to hit Asia arms. Bangalore/New Delhi, Jan. 15 Nortel Networks Corp, which filed for creditor protection on Wednesday, has assured telecom customers in the country of continuous service and management support, while Indian ...
Inflation rate drops on cheaper food
Wholesale Price Index of all commodities at 229. New Delhi, Jan 15 Inflation continued its declining trend for the tenth straight week, with the annual Wholesale Price Index-based inflation rising to 5.24 per cent for the week-ended January 3, ...
Let’s go for gold
The lure of gold has been there since civilisation as we know it. Despite attempts to wean the investor away from gold, the investor remains steadfast. Gold has a unique feature as a medium of exchange and a store of value and a capital asset ...
Restoring faith in accounting profession
ICAI’s disciplinary mechanism. The article titled “Corporate scandals: ensuring fast deterrent action” by Mr B. S. Raghavan (Business Line, January 9) makes interesting reading, and his forethought in cautioning, through a ...
Nano suppliers seek compensation from Tatas
Suppliers worried that only building costs will be returned. Mumbai, Jan. 15 Ancillary suppliers for the Rs 1-lakh Nano, who invested in land and buildings at Singur, are in talks with Tata Motors for a compensation package. A meeting is due on ...
Cabinet rejects statutory status to CACP
Commerce Ministry opposes Alagh panel’s recommendations. New Delhi, Jan. 15 The Centre has rejected the proposal to accord statutory status to the Commission for Agricultural Costs and Prices (CACP) while also extending its mandate to ...
HDFC Bank Q3 net up 45%
Mumbai, Jan. 15 HDFC Bank recorded a 45-per cent growth in net profit at Rs 622 crore for the quarter ended December 31, 2008, against Rs 429 crore in the same quarter last year, on the back of strong growth in both interest income and ...
Web portals see rise in ads
Cos opting for online medium to cut costs, says industry. Mumbai, Jan. 15 At a time when sales executives with conventional media firms are grappling with fewer advertisements from corporates, their counterparts with Web portals have their ...
Westerly system weighs in over north-west India
Thiruvananthapuram, Jan.15 The western Himalayan region is bracing to receive isolated heavy snowfall and fairly widespread rains in what could prove a likely exception to the general rule weather-wise until now this ...
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