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Foreign telcos get clean chit in licence fee, service tax case
DoT move clears blocks for AT&T, BT, MCI to bid for 3G spectrum. New Delhi, June 2 In a move that removes all hurdles to global telecom firms to bid for third generation mobile (3G) spectrum, an internal panel of the Department of Telecom ...
MFs asset base rises 15% in May
Mumbai, June 2 The asset base of the mutual fund industry rose sharply in May and crossed the Rs 6 lakh crore-mark as equities surged and ...
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Report released: Dr S. K....
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TODAY'S PICK (Latest Audio: English/Tamil)
Balaji Telefilms (Rs 71): Buy
We recommend a buy in Balaji Telefilms from a short-term trading perspective. It is apparent from the charts of Balaji Telefilms that after recording a multi-year low of Rs 24 in early March, it bounced up, reversing the trend. The ...
Day Trading Guide
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Panel suggests simpler eco clearance norms for infrastructure projects
New Delhi, June 2 A high-power Finance Ministry panel has recommended that infrastructure projects should be subjected to much simpler environmental clearance ...
GM India stutters to find funds for Talegaon engine plant
Bangalore, June 2 General Motors is finding it difficult to raise nearly $200 million for its engine plant in India because of concerns of financial institutions over its uncertain future in ...
Oil bonds pump up HPCL net in Q4
New Delhi, June 2 The net profit of Hindustan Petroleum Corporation Ltd (HPCL) has jumped almost 13 times in the fourth quarter ended March 31, 2009 as against the corresponding previous ...
Chakrabarty to be RBI Dy Governor
New Delhi, June 2 The Prime Minister’s Office has cleared the name of Dr K.C. Chakrabarty for the post of Deputy Governor of the Reserve Bank of India, it is reliably ...
Tech industry meets Pranab; presents Budget wish-list
STPI extension, US protectionism key issues. New Delhi, June 2 Extension of the industry-friendly STPI scheme for at least five years, speedy enactment of the recent clarification pertaining to the SEZ scheme, service tax on software, and FBT ...
MTNL launches pre-paid card for 3G services
Expects 2 lakh users in first year. New Delhi, June 2 To get more users for its third generation mobile services, state-run Mahanagar Telephone Nigam Ltd (MTNL) on Tuesday launched a pre-paid option that will enable customers in Delhi ...
As yields rise, banks reluctant to hike marked-to-market investments
Interest in G-Secs waning on account of high investment deposit ratio. Bangalore, June 2 Public sector banks are reluctant to reshuffle their investment portfolios and increase their ...
Brokerages upgrade cos on positive economic outlook
Capital goods, oil and gas, infrastructure, real estate sectors see revision. Mumbai, June 2 With the equity market gaining momentum and the country’s economic outlook looking stable, brokerages have started upgrading companies ...
Brewing Bay storm may spare West Bengal coast
Thiruvananthapuram, June 2 The low-pressure area expected to spring up in north Bay of Bengal around the weekend may undergo two rounds of intensification to become a depression, according to the India Meteorological Department ...
Honda, Yamaha, Suzuki bike sales up in May
New Delhi, June 2 Despite a challenging market environment for financing two-wheelers, Japanese two-wheeler companies of Honda, Yamaha and Suzuki sold more bikes in May compared with the same month last ...
Rupee grapples with resistance at 47(Latest Audio:English/Tamil)
Rupee rallied towards the 47-mark again aided by a weakening dollar and strong equity markets. Foreign institutional investors ploughed in close to $800 million over the last five sessions helping to arrest the rupee decline at 48. Rupee ...
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