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Deal with Daiichi Sankyo well on track, says Ranbaxy chief
‘Rivals trying to create confusion, beat down the share price’. New Delhi, July 16 Ranbaxy Laboratories on Wednesday said that the probe by the US Department of Justice (DoJ) will not jeopardise its deal with Japanese ...
Global slowdown tells on TCS growth; Q1 profit up 7%
Mumbai, July 16 The country’s largest software company Tata Consultancy Services (TCS) delivered a second consecutive quarter of muted growth, which it attributed to the general global economic slowdown and foreign exchange fluctuations. ...
Property prices may head south: HDFC chairman
Mumbai, July 16 Property prices, barring certain areas in big metros, may witness further correction in the near future. ...
HDFC net up 25% in Q1 on higher income
Loan disbursements see healthy growth; margins tad higher. Mumbai, July 16 Housing finance major HDFC Ltd posted a net profit of Rs 468 crore for the quarter ended June 30, 2008, up 25 per cent from Rs 373 crore in the corresponding quarter ...
India willing to cut industrial tariffs
Sorry, no access to services sector. New Delhi, July 16 The Union Commerce and Industry Minister, Mr Kamal Nath, on Wednesday said that India would be willing to consider industrial tariff cuts in some industries, instead of greater access to ...
No change in EoU status
On the withdrawal of export-oriented unit (EoU) status to Reliance Industries Jamnagar refinery and the demand for a ban on petroleum exports, Mr Kamal Nath clarified that the EoU status has been given to all complying with the provisions of ...
Toshiba plans to set up Rs 1,000-cr boiler plant near Chennai
Chennai, July 16 Toshiba, Japanese engineering major, plans to put up a power boiler plant at Ennore, north of Chennai, according to sources in the know. ...
Solar energy sizzles worldwide
Mumbai, July 16 Energy crunch has begun to stare India Inc in the face. Admittedly, energy is a critical input that fuels growth. If not addressed urgently, energy insecurity can potentially create a serious downside risk to the economy in the ...
India on Novartis’ radar for prospecting bio-resources
Developing medicines from natural sources. Mumbai, July 16 Swiss drug-major Novartis AG is looking at bio-diverse resources around the world towards developing medicines from natural sources, and India features on this plan. ...
Telecom majors may see 28% rise in profit
Subscriber base seen expanding by over 25 million in Q1. Mumbai, July 16 Riding strong net additions in subscribers, the domestic telephony service providers are expected to report an average growth of 28 per cent in net profit for the first ...
More firms prefer employee referrals to recruiters
CUTTING COSTS. Bangalore, July 16 As India Inc takes a prudent view of the economics of running a corporation, the axe is increasingly falling on rising recruitment costs. ...
Shipping Corporation set to get ‘navratna’ status
Will help speed up ship acquisition process. Mumbai, July 16 State-owned Shipping Corporation of India (SCI) is set to sail into the coveted harbour of ‘navratna’ companies in the ...
More free sale quota sugar to calm rising prices
Centre monitoring futures market, sees ‘speculative pressures’. New Delhi, July 16 Worried about firming sugar prices, the Centre is planning to make additional free sale quota (FSQ) releases in order to calm down “uncalled ...
BGR Energy wins Rs 5,023-cr contract from Rajasthan Vidyut
Putting up Kalisindh Thermal Power Project. Chennai, July 16 Chennai-based BGR Energy Ltd on Wednesday announced that it has won a Rs 5,023-crore contract from Rajasthan Vidyut Utpadan Nigam Ltd — the electricity generation company of ...
Discount warrior
A decade on, retail chain Subhiksha sets ambitious growth plans. Next stop: consumer electronics.. It was in 1997 that discount food and grocery retail chain Subhiksha set up its first store as an experiment in Tiruvanmiyur, a suburb of Chennai. ...
TODAY'S PICK (Latest Audio: English/Tamil)
GMDC (Rs 221.95): Sell
We recommend a sell in Gujarat Mineral Development Corporation from a short-term perspective. From the charts of Gujarat Mineral Development Corporation, we observe that it has been on a long-term downtrend since its November 2007 peak. ...
Day Trading Guide
In line with our expectation, the stock fell in the last trading session. Sell the stock in rallies with stiff stop loss at Rs 550. ...
Better Q1 results expected from Eastern Silk
Market is expecting that Eastern Silk would report better performance in the first quarter to June 30, 2008, against that in quarter ended on March 31, 2008, which was particularly marred by forex derivatives loss write-off of Rs 5 crore and ...
Realty stocks: No respite from bear hammering
Slowdown fears, margin pressure spoil the mood. Mumbai, July 16 Even when the worst seems to be over for the stock markets, there may be more trouble lying ahead for the real estate sector, as it is showing signs of a ...
Cairn, Reliance Petroleum tumble as crude takes a knock
Fears of windfall profit tax also add to pressure. Mumbai, July 16 Shares of private oil refining companies Cairn India and Reliance Petroleum slumped on Wednesday as international crude price closed down $6.44 at Rs 138.74-a-barrel on ...
BGR Energy reiterates strength in power EPC
Equipment sourced from Dongfang. BGR Energy Systems’ rapid stride into larger power projects of over 500 MW is becoming increasingly evident with its latest order win worth Rs 4,900 crore. With this order, BGR has been chosen over BHEL ...
Bay whirl may come to interior peninsula’s aid
Thiruvananthapuram, July 16 The ‘problem areas’ of interior and west-central peninsula might just be able to get some rains before the month is out, as per latest predictions by international weather models. ...
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