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Private trusts may be allowed to invest in listed stocks
Law could be amended in the Budget session. Private trusts may soon be permitted to park their funds in listed shares and specified debt securities, official ...
Hindalco net down 78% on dip in demand
Mumbai, June 30 Hindalco Industries Ltd, an Aditya Birla Group company, has reported 78 per cent dip in its consolidated net profit at Rs 485 crore (Rs 2,193 crore) in the year ended March 2009 due to the global economic turmoil and ...
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Bridging Mumbai: Ms Sonia...
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TODAY'S PICK (Latest Audio: English/Tamil)
Bharat Forge (Rs 143.75): Sell
We recommend a sell in Bharat Forge from a short-term trading perspective. It is apparent from the charts of Bharat Forge that after bottoming in January at the low of Rs 69, it commenced to trend upward. The stock was on an ...
Day Trading Guide
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Current account turns surplus on lower trade deficit
Pvt transfers, software services boost net receivables. Mumbai, June 30 For the first time in nearly two years, India’s current account recorded a surplus in the fourth quarter of last ...
Philips on a rejig, to move away from consumer electronics
New Delhi, June 30 In a shift in its India strategy, Philips Electronics has decided to move away from consumer electronics to medical, health and wellness ...
Centre turns cautious on sugar releases
Practice of quarterly free sale quota announcement shelved. New Delhi, June 30 After a release spree in the previous three months, the Centre has suddenly turned cautious on the sugar front. Only 16.60 lakh tonnes (lt) of sugar will be available ...
TCS sees muted growth in next few quarters
To transfer more jobs to facilities in India to protect margins. Our Bureau Mumbai, June 30 Tata Consultancy Services (TCS) expects muted growth in the next few quarters as the economic slowdown continues to crimp the outsourcing ...
Core sector grows 2.8% in May
Cement, coal emerge best performers. New Delhi, June 30 A dip in the production of crude oil and refined petro-products notwithstanding, the index of six core infrastructure industries registered a growth of 2.8 per cent in May and 3.9 per cent ...
Consumers may get a say in mediclaim settlements
TPA panel proposes new body to speed up process. Kolkata, June 30 Consumer representatives may get a say in claims settlement for mediclaim policies if the recommendations of the Third Party Administrator Committee are accepted by the ...
QIPs abound, but analysts sceptical of their success
Pricing is very important, say marketmen. Mumbai, June 30 As many 40 companies are planning to raise money via QIP but marketmen say that not all of these issues will be ...
Petro sector, taxes of local bodies to be out of GST net
New Delhi, June 30 The petroleum sector would be kept out of the proposed Goods and Services Tax (GST) regime, a senior Finance Ministry official ...
Water, power woes could see diesel demand spin out of control
Oil refiners fear higher losses on sale of the fuel. Mumbai/New Delhi, June 30 The power and water shortage across the country is not the best of news to oil refiners who are worried that this could lead to excessive diesel consumption at a time ...
UTN not mandatory for filing income-tax returns
New Delhi, June 30 The Central Board of Direct Taxes has deferred the implementation of furnishing of the unique transaction number (UTN) for filing ...
Temporary pull-back in rupee
The rupee has been climbing higher against the greenback since the June 23 trough of 49. Subdued trend in the dollar on waning risk-aversion and strength in equity market were the primary factors that lent support to the Indian ...
Asset price inflation trumps consumer price index
At its meeting last week, the Federal Open Market Committee (FOMC), which is charged with the conduct of the US monetary policy, expectedly left interest rates where ...
Delhi drenched, but clouds retreat to south-east
Thiruvananthapuram, June 30 India Meteorological Department (IMD) declared the onset of monsoon over entire Uttar Pradesh and Delhi on a day when, ironically, the causative clouds beat a hasty retreat from the region ...
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