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Tech stocks drive Sensex past 8,800 — Rupee touches 9-month low
TECHNOLOGY majors such as Wipro, Infosys and Satyam Computers led the rally in stock prices on Tuesday as the rupee touched a nine-month low against the US dollar, raising expectations of higher earnings for IT companies. The better results ...
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Interest rates likely to harden, says S&P
STANDARD & Poor's (S&P) said on Tuesday that interest rates in India are likely to be less benign, though it may not affect the economy too much. The reasons for interest rates to be under pressure, according to Mr Ping Chew, Director, Asia .
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Anil Nanda wants Govt to probe Escorts institute sale
THE Ministry of Company Affairs is now set to examine the issue surrounding the sale of Escorts Heart Institute and Research Centre (EHIRC). Mr Anil Nanda, Goetze India CMD, and younger brother of Mr Rajan Nanda, Escorts Ltd Chairman, has ...
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Submarine batteries tender — HBL Nife says Navy denied it a fair chance
THE Hyderabad-based HBL Nife Power Systems Ltd has accused the Indian Navy and Union Defence Ministry of allowing Exide to continue as a "monopoly supplier" of submarine batteries and denying a fair chance to HBL to participate in the tendering ...
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Mobile network congestion set to worsen: TRAI
Inefficient interconnect system the culprit
THE growth in cellular subscription may not be good news any more with the congestion on network expected to further deteriorate in the coming months. A study by the Telecom Regulatory Authority of India (TRAI) released today said the ...
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Roadmap for CST phase-out may be discussed at VAT panel meet
THE issue of a roadmap for central sales tax (CST) phase-out is likely to come up for discussion at the VAT panel meeting here on Wednesday even as consensus eluded the States over the compensation and timing of the phase-out or the elimination ...
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Jharkhand, Bihar post worst monsoon records
FOUR met subdivisions in the east of the country with cumulative rainfall will need to be supported by with appropriate Governmental interventions in order that the adverse climatic impact is minimised to the extent possible. The four met ...
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Sify gets FIPB nod for raising FDI up to 100%
THE Foreign Investment Promotion Board has given its nod to Sify Ltd to increase foreign direct investment in the company to up to 100 per cent with a rider that the company will bring down the holding to 74 per cent over a period to be fixed by ...
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