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Geojit seeks SEBI nod to extend validity of warrants to BNP Paribas
2.2 crore convertible warrants’ validity expires on September 12. Mumbai, Aug. 31 Broking firm Geojit Financial Services Ltd has sought SEBI’s permission to extend beyond 18 months the validity of the 2.2 crore convertible warrants ...

Severe penalties on cards for violation of IPO norms
New Companies Bill proposes more effective inspection. New Delhi, Aug. 31 Companies planning to tap the capital market may have to tread cautiously if the provisions of the proposed Companies Bill, 2008 find their way. ...



Queue for IT jobs: Long q...
Aries Agro (Rs 118.35): BUY
We recommend a buy in Aries Agro from a short-term perspective. It is clearly evident from the charts of Aries Agro that it has been on a medium-term uptrend from its 52-week low of Rs 84, recorded in early July. The stock has been forming higher ...

Day Trading Guide


IT majors see red at the bottom
Chennai, New Delhi Aug. 31 Indian IT services companies, whose clients see slowing IT spends, are targeting the biggest part of their expenses – manpower – to keep costs in check. The bottom few, ranging from 0.5 per cent to 10 per ...

AI mulls sabbatical scheme for non-operational staff
New Delhi, Aug. 31 In an attempt to reduce its workforce, Air India may offer its staff involved in non-operational work a sabbatical scheme which will allow them to take a minimum of two years and a maximum of five years off from their job ...

Aviation fuel to cost less, but airlines against fare reduction
New Delhi, Aug. 31 Domestic air travel will not become cheaper despite oil companies reducing the price of aviation turbine fuel (ATF) by as much as 16 per cent mainly on account of fall in international ATF prices. The only other time this ...

Govt steps up efforts to boost uranium mining
Uranium Corpn asked to deepen existing mines, roll out new ones. New Delhi, Aug. 31 Even with the prospect of uranium imports on the horizon, the Centre is simultaneously working to step up its domestic uranium mining effort as a hedge ...

Govt sets fresh deadline for telecom officers
‘Get absorbed in BSNL, MTNL or move to DoT by Oct 16’. New Delhi, Aug. 31 After keeping the issue on the back burner for three years, the Government has issued fresh ultimatum to the Indian Telecom Service officers of BSNL and ...

Gold may remain range-bound in the near term
Gustav’s impact on crude oil watched closely. Chennai, Aug. 31 Gold has been zig-zagging in the $800-850 range in the last couple of weeks, after having recovered from a low of $777 an ounce. ...

Sterlite expects higher profits from copper biz
Identifies three key value drivers for growth. Tuticorin, Aug. 31 Sterlite Industries expects its profits from copper business to surge from three key value drivers – a pick-up in smelting and refining margins, lower cost of power and ...

Rice trade peeved at delay in inclusion of Pusa 1121 as ‘basmati’
Many farmers have not begun harvesting due to the uncertainty. New Delhi, Aug 31 The All-India Rice Exporters’ Association has said the delay in the announcement of inclusion of evolved basmati rice Pusa 1121 into the new definition of ...

Crucial news flows to set the market direction
Forthcoming festive season may add to the cheer. Is the Indian equity market nearing the end of its downward corrective phase? The jury is out. Yet there are indications of short-term swing possibilities either ...

Spin off – a money spinner
Very often we hear about company restructuring through transfer of business or assets to a subsidiary company. The latest in the list is the speculation about the transfer of 80 per cent participatory interest in D6 block in KG Basin by RIL to ...

Are Indian executives eustressed or dystressed?
For Indian managers, heightened emotional and social intelligence are key to tackling excess stress. This entrepreneur I know has taken upon himself the challenge of growing his business by 75 per cent this year. The market is growing and the ...

Rains erupt over Kerala, East still wet
Thiruvananthapuram, Aug 31 Heavy to very heavy rains have erupted over extreme south peninsula, and perhaps for the first time over Kerala after the season set in three months ago, as an ongoing spell pounded its way ahead. ...


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Markets (Aug 30)
Nifty (at close)4360.00(+146.00)
US Dollar (Buy/Sell)43.75/76
Brent crude (a bbl) Rs4,904
Gold (a gram) Rs1,110
Silver (a kg) Rs20,715


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