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Centre clears 5% stake sale in NTPC, follow-on offer by Dec
Proposed sell-off may fetch Rs 8,800 cr at current share price. The Centre has cleared partial sale of its stakes in state-run power major NTPC Ltd and an unlisted hydro-electric firm Satluj Jal Vidyut Nigam Ltd (SJVNL) through the book-building ...
Gurgaon auto belt unrest turns violent
One killed as Rico Auto workers clash. Manesar (Haryana), Oct. 19 The continuing workers’ stir in the Gurgaon-Manesar auto belt came to a head on Sunday when one worker of Rico Auto was killed in a clash among the ...
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Security has been tighten...
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TODAY'S PICK (Latest Audio: English/Tamil)
Rei Agro (Rs 50.1): Buy
We recommend a buy in Rei Agro from a short-term perspective. It is apparent from the charts of the stock that from June high of Rs 103 it was on a medium-term downtrend till its late August low of Rs 45. Subsequently, the stock began ...
Day Trading Guide
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Air India funds demand may be decided tomorrow
New Delhi, Oct. 19 Air India is moving closer to getting Rs 3,000 crore from the Government for paying pre-delivery payments for some of the 111 aircraft that it has ordered. In all, it requires Rs 9,000 crore over the next three ...
TVS set to launch India’s first auto-clutch bike
SMOOTHER RIDE. Mumbai, Oct. 19 TVS Motor Company is gearing up to launch the country’s first motorcycle with automatic clutch by the end of this ...
Recapitalisation of PSBs likely thru preference share route
Move to allow banks raise more resources from the market. Bangalore, Oct. 19 Recapitalisation of public sector banks is expected to be done through issuance of perpetual non-cumulative preference ...
Banks’ caution on retail loans pushes up corporate credit
Mumbai, Oct. 19 The growth in corporate credit has been higher than that in retail credit, judging by the second quarter results announced by some private ...
New monthly WPI series to replace weekly inflation data
Base year to be changed to 2004-05. New Delhi, Oct.19 The Centre, on Monday, cleared a proposal to shift to a monthly Wholesale Price Index (WPI) series instead of the current weekly one, with the base year to be changed to 2004-05 from 1993-94 ...
Global imbalances: Remarkable reversal
An important feature of the global monetary regime of the last three decades is the imbalance in the distribution of current account balances across countries and country groupings. Recently, the most glaring discrepancy is the fact that a huge ...
Gemini Comm emerges lowest bidder for BSNL WiMax deal
ZTE, Harris Stratex and Alvarion also make the cut. New Delhi/Mumbai, Oct. 19 Chennai-based Gemini Communications, Chinese equipment maker ZTE, US-based Harris Stratex and Israeli manufacturer Alvarion have emerged as the four lowest bidders for ...
Shipping cos' Q2 report card may not make waves
Shipping companies are likely to report lower earnings for the second quarter of the current fiscal, with the global freight markets remaining lacklustre during ...
Ambani gas row: Final Apex Court hearing from today
Close to $28 billion revenues at stake. New Delhi, Oct. 19 The corporate battle between the Ambani brothers will reach the last stage of a legal face-off on Tuesday. The Supreme Court will begin the final hearing on the case. At stake is revenue ...
Cement cos to add 31 m tonnes capacity in second half
Total investment of about Rs 8,000 cr. Mumbai, Oct. 19 Additional cement capacities of nearly 31 million tonnes (across 33 projects) are expected to be commissioned in the second half of this fiscal at an investment of Rs ...
North-easterly flows lack in strength
India Meteorological Department's (IMD) outlook does not provide any signal to the onset of north-east monsoon at least until October ...
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