News Update
Left hands over letter to President
Sensex surges 581 points
Rupee appreciates against dollar
RCom, MTN extend exclusive negotiations till July 21
Infrastructure sectors grew 3.5% in May
ONGC rules out listing of overseas subsidiary
Customs duty on cotton scrapped
PM has a hectic day confabulating with world leaders at G-8
BSE Announcements
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Left withdraws support
Meeting President today; ‘Govt will go to IAEA after trust vote’. New Delhi, July 8 Ending weeks of speculation, the Left parties on Tuesday announced withdrawal of support to the ruling United Progressive Alliance (UPA) Government ...
China willing to cooperate with India
Sapporo, July 8 On a day when the Left parties announced the withdrawal of support to the Government over the nuclear deal, the Prime Minister, Dr Manmohan Singh, on Tuesday heard the Chinese President, Mr Hu Jintao, express his ...
Markets pare early losses as hopes of Govt survival rise
Mumbai, July 8 Indian equities recovered part of their intra-day losses in the afternoon session as news trickled in that the Government may survive with support from the Samajwadi Party. ...
Meeting SP’s demand on EOU, windfall tax may not be easy
Under current laws, EOU status cannot be revoked unilaterally. New Delhi, July 8 Meeting the demand of the Samajwadi Party (SP), whose support is crucial for the Congress-led Government, on withdrawing the export oriented unit (EOU) status ...
Posco, Mittal steel projects to miss production schedules
Projects stuck on land acquisition problems. New Delhi, July 8 Two of the largest steel projects in the country – ArcelorMittal in Jharkhand and Posco in Orissa – are unlikely to take off before 2010, by when they were originally ...
Fiat 500 to be launched this month
Mumbai, July 8 Fiat, which is aggressively trying to expand its presence in India, is launching its much-talked about two-door lifestyle car Fiat 500 this month. Unlike in the Europe, Fiat 500, which is imported to India as completely built ...
Tata Power may divest assets, holdings to part-finance capex
Estimates fund requirements at Rs 24,000 cr over next 4 yrs. Chennai, July 8 Tata Power, which estimates its fund requirements at Rs 24,000 crore over the next four years, may consider divesting various holdings or assets to part-finance its ...
Education loan portfolio set to grow at 40%
NPAs at low levels as job market is buoyant. Kolkata, July 8 Education loan portfolio of banks, which saw a growth of about 30-40 per cent in 2007-08, is set to witness a growth of about 40 per cent in 2008-09, according to senior bank ...
Rupee likely to be range-bound
The rupee continued to move in consonance with the stock markets. It appreciated following the mid-week recovery in stock prices last week. But the return of volatility since this Monday has taken the Indian currency close to the 43.5-mark ...
‘Caste’ out by banking system
Bangalore, July 8 Despite the rise of dalits in the political sphere, their share in the total number of small borrowal accounts and total credit has fallen sharply over the last five years. According to the Reserve Bank of India’s ...
Pharmacies target malls, high streets
CONVENIENCE CLINICS. Hyderabad, July 8 You must have heard of people suffering with pain in the neck or in the abdomen, yet don’t care to go to a doctor. They carry on, taking a pill or two OTC (over the counter) at medical ...
Will Reddy do a Volcker?
Despite several increases in interest rates and the cash reserve ratio (CRR), inflation hardly shows signs of behaving. It has become the despair of the Government and the Reserve Bank of India. Most are of the opinion that inflation news will ...
Notebook sales double
MNCs improve market share; Internet subscriptions up. New Delhi, July 8 India’s total PC sales – desktops and notebooks combine – rose 16 per cent during 2007-08 fiscal to 7.34 million units, propelled by a significant 114 ...
Pipavav Shipyard plans to hire Japanese professionals
They will be mainly working on the shop floor, says CEO. Chennai, July 8 Pipavav Shipyard plans to hire around 50 Japanese professionals for its upcoming shipyard in Gujarat. This is at the exploratory stage and is at the ‘cost checking ...
Startling new light on jihadis
The passion with which academia and think-tanks in Western countries in recent years have been labouring to construct the profile of an average jihadi terrorist can only be called phenomenal. They have been extremely painstaking in ...
TODAY'S PICK (Latest Audio: English/Tamil)
GSK Pharma (Rs 1,179.15): Buy
We recommend a buy in GlaxoSmithKline Pharmaceuticals from a short-term horizon. It is clearly visible from the charts of GlaxoSmithKline Pharmaceuticals that it was on a long-term down trend from its April 2006 high of Rs 1,553 to its January ...
Day Trading Guide
The stock has formed a doji candlestick pattern in the last trading session. Desist trading in this counter for the day. ...
Select power stocks hog limelight on N-hopes
Analysts see these stocks providing attractive entry levels. Kolkata, July 8 A whole host of counters on Tuesday moved on their proven or supposed capability in terms of nuclear power generation. ...
Marketmen see positive in Left move as uncertainty ends
Expect policy reforms to take place. Mumbai, July 8 With the Left withdrawing support from the Government, uncertainty over the Left issue is now over and this seems to have brought some relief to the ...
No-confidence motion and market behaviour
‘Return of clarity, certainty on political scene help markets’. Stock markets might have pruned their losses on Tuesday as the Left parties actually carried out their long-standing threat of withdrawing support to the ruling ...
Setback for UP sugar mills
They may have to consider re-stating 2007-08 profits. The Allahabad High Court decision on Monday upholding a State Advised Price (SAP) of Rs 125 per quintal for cane procured in Uttar Pradesh in the 2007-08 season, could require leading sugar ...
Monsoon set to run last lap across Rajasthan
Heavy rainfall likely over Bengal, Orissa in next 2 days. Thiruvananthapuram, July 8 The southwest monsoon is bracing to conquer the last outpost of extreme west Rajasthan in its coverage of the Indian landmass, frenetic to start with but ...
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