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At 18.32%, food inflation surges to year's high
Govt blames supply chain bottlenecks; RBI rate hike seen imminent. Food inflation zoomed sharply for the fifth straight week to touch its highest level in over a year, distinctly increasing the expectation of a fresh round of interest rate hikes ...

Pak bans over-land onion sales to India
Pakistan has effectively stopped sale of onions to India, by banning ...



Bandh call: Students burn...
TODAY'S PICK (Latest Audio: English/Tamil)
Marico (Rs 127.6): Buy
We recommend a buy in the stock of Marico from a short-term perspective. It is evident from the charts of the stock that in late 2008 it took support around Rs 50 and has been on long-term uptrend shaping rising peaks and troughs. Moreover, ...

Day Trading Guide


17-30% hike in rural job scheme wages
The wage rates for workers under the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) have been increased. According to the rates revised by the Ministry of Rural Development with effect from January 1, 2011, the MNREGA wages ...

States hosting thermal plants to get more power share
Cabinet approves new policy for electricity allocation. The Centre has approved a policy for allocation of electricity from new thermal power projects being set up by public sector firms such as NTPC Ltd. Under this, the companies will have to ...

Bollywood will give a walkover to cricket
NO MATCH. With cricket fever set to grip the country from February 19 when the World Cup kicks off, Bollywood has decided to play it safe and defer the release of ...

BlackBerry-maker agrees to set up local servers but with riders
Wants assurance that services will not be banned. Research In Motion, the maker of BlackBerry devices, has finally offered to set up a local server in India within the next 18-24 months on condition that the Government gives an assurance that ...

IMF favours further rate hikes to tame inflation
The International Monetary Fund (IMF) is in favour of further monetary tightening by the RBI to tame “elevated inflation”, which it sees as one of the near-term challenges confronting India in sustaining its ...

Telangana: Srikrishna report lists six options
Chidambaram asks parties to keep open mind. The Srikrishna Report on Telangana Statehood was presented to political parties from Andhra Pradesh on Thursday. The Commission has listed six options to handle the three parts of the State: Coastal ...

Telangana economy, better than many States': Srikrishna report
Widening gulf between rich, poor can benefit vested interests, says committee. In terms of absolute Gross Domestic Product (GDP), the Telangana region (excluding Hyderabad) ranks above the States of Chhattisgarh, Jharkhand, Uttaranchal, Himachal ...

Satyam: Pursuing the truth
As anniversaries go, this is not a happy one. Two years ago, this day, Mr Ramalinga Raju, then Chairman, Satyam Computer Services, confessed to a massive Rs 7,136-crore fraud perpetrated by him on the company over many years. The scandal ...

SBI to set up 600 financial inclusion centres
In a bid to give back-end support to business correspondents operating in rural areas and also exercise administrative control on them, State Bank of India has decided to set up 600 financial inclusion centres across ...

Rain affects prospects of crop protection firms
Demand for food, improving living standards augur well. Last year, stock of companies in the crop protection business did well on the bourses. At one point of time, they gained over 50 per cent. Things looked good with the India Meteorological ...

BSE Realty nosedives on high inflation
Sector needs more stability: Analyst. Upward inflationary pressures and the continuous influx of negative news have further pushed the BSE Realty index to spiral downwards — it closed down by 2.41 per cent ...

With no diesel price hike, refiners face huge cost burden
With no price hike in diesel expected this fiscal, IndianOil, Hindustan Petroleum Corporation and Bharat Petroleum Corporation will end up borrowing more and increasing the cost burden in ...

Sugar mills' rush to export dampens prices
The Sugar Directorate's order permitting exports of 5 lakh tonnes of sugar on open general licence (OGL) is well timed to help sugar mills take advantage of the relatively higher prices in the international markets. But the rush to avail of ...

As gifting turns practical, cash vouchers become popular
Indian shoppers are now less sentimental and more practical about picking up gifts and prefer gifting friends and relatives with vouchers that ...

Pulses production set to touch Govt target
Demand for pulses expanding on rising income. For the first time in recent years, pulses production (2010-11) is set to hit the target fixed by the Government. After the harvest of a record 60 lakh tonnes in the kharif season, prospects for ...

World's first art exchange will open doors in Paris on Monday
It was just a matter of time before art joined the burgeoning ranks of objects that can be invested in on a ...


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Markets (Jan 6)
Nifty (at close)6,048.25(-31.55)
US Dollar(Buy/Sell)45.2450/2550
Brent crude (a bbl) Rs4,317
Gold (a gram) Rs1,899
Silver (a kg) Rs44,895


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