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UK giant Tesco steps in with wholesale outlets
In separate franchise deal with Trent for hypermarket development. Mumbai, Aug. 12 After major overseas retailers Wal-Mart, Metro and Marks & Spencer, now the UK’s largest grocer Tesco has got its foothold in the Indian retail ...
Industrial growth in June slows to 5.4%
However, it is sequentially higher than the May numbers. New Delhi, Aug. 12 Amid a continuing lacklustre performance by the core sector, industrial output registered a modest 5.4 per cent growth in June 2008 compared with a much higher 8.9 per ...
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Setting a trend: M...
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TODAY'S PICK (Latest Audio: English/Tamil)
Hindustan Unilever (Rs 242.95): Sell
We recommend a sell in Hindustan Unilever from a short-term perspective. It is evident from the charts of the company that it was on an up move from the support level of Rs 190 from early July. This up move got arrested after encountering ...
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Softening crude may help oil marketing cos cut retail losses
New Delhi, Aug 12 The continued softening of global crude oil prices would result in bringing down the under recoveries of the public sector oil marketing companies (OMCs) for the current fiscal. ...
Domestic airlines see 12% drop in July passenger traffic
For the second consecutive month, the domestic airline industry has carried fewer passengers. ...
RIL to start crude production from KG basin next month
FPSO vessel to arrive shortly from Singapore. Hyderabad, Aug. 12 With a FPSO (Floating, Production, Storage and Offloading) vessel set to stream into Kakinada from Singapore shortly , Reliance Industries Ltd is gearing up to extract crude ...
TRAI wants DoT to review 3G policy
Seeks auction for CDMA players. New Delhi, Aug. 12 The Telecom Regulatory Authority of India has told the Government that there should be a review of some parts of the recently announced policy for third generation mobile policy, including the ...
NSE gets SEBI’s nod for currency futures trading
Conducts mock trade for IPO arrangement. Mumbai, Aug. 12 Capital markets’ regulator SEBI has given the nod to NSE to offer currency futures ...
Lamy picks up threads of failed Doha talks
Seeks clear signal from India on trade liberalisation. The World Trade Organisation Director-General, Mr Pascal Lamy, met the Prime Minister, Dr Manmohan Singh, on Tuesday and is reported to have sought a clear signal on whether India wants to ...
Sugar decontrol put on backburner
New Delhi, Aug 12 The Centre has put sugar decontrol on the backburner, following a flaring up of open market prices ahead of the festival season in an election ...
Core sector growth slows to 3.4%
New Delhi, Aug. 12 Growth in six core infrastructure industries slowed down to 3.4 per cent in June 2008 against 5.2 per cent in June 2007 due to the dismal performance of five sectors — electricity, finished steel, crude oil, cement and ...
Rains batter Gujarat, west Maharashtra
Thiruvananthapuram, Aug 12 Monday’s ‘low’ over east Madhya Pradesh has become less marked overnight, leaving behind a cyclonic circulation over northwest Madhya Pradesh and adjoining east Rajasthan. But this is not a comment ...
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