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Bridgestone rolls into Pune for 2nd tyre plant
Advantage, the proximity to the region’s automotive companies. Mumbai, Aug 20 Japanese tyre manufacturer Bridgestone, which has a plant at Pithampur, near Indore, will set up a second facility near Pune at an investment of Rs ...

Sterlite ups Asarco bid by $500 m
The UK-based Vendanta Resources’ subsidiary Sterlite Industries on Thursday said it has raised its offer for the operating assets of bankrupt US copper mine Asarco by about ...



Mr Akshay Kumar (right), ...
TODAY'S PICK (Latest Audio: English/Tamil)
Cipla (Rs 257.7): Sell
We recommend a sell in Cipla from a short-term perspective. It is evident from the charts that the stock has been on an intermediate-term uptrend since October low of Rs 146. This uptrend accelerated in June 2009 and the stock was on ...

Day Trading Guide


NTPC may get GAIL gas at $6/mBtu
10-year deal for 2.5mscmd. New Delhi, Aug. 20 Amid all the legal wrangling on the D6 gas deal with Reliance Industries Ltd (RIL), public sector power major NTPC Ltd has tied up a long-term pact with GAIL (India) Ltd for supply of 2.5 mscmd of ...

One lakh A-Stars to lead Maruti’s exports in 2009-10
New Delhi, Aug. 20 Maruti Suzuki India expects to export 1.2 lakh cars during 2009-10. Of this, a lakh will be the A-Star, its newest ...

Air India set to cut productivity-linked incentive for staff
Mumbai/New Delhi, Aug 20 Air India is to cut by 50 per cent the Productivity Linked Incentive (PLI) scheme for its employees and flying allowance to the ...

Moody’s changes outlook on L&T to negative
‘Reflects increase in company’s consolidated debt’. Mumbai, Aug. 20 Moody’s Investors Service has changed the outlook on Larsen & Toubro Baa2 issuer rating to negative ...

Public sector banks flooded with cash
States, Centre park funds meant for expenditure programmes. Bangalore, Aug. 20 With the Centre and States raising money upfront but back-ending budgetary expenditure for the current financial year, public sector banks are saddled with large ...

Jinnah, Jaswant and Partition
Now that everything that had to be said has been said about the expulsion of Mr Jaswant Singh from the BJP, it is time to focus on his book Jinnah: India-Partition-Independence, (Rupa Rs 695, Pp 650). And, to ...

Paddy procurement price hiked by Rs 50 a quintal
Minimum support for most crops frozen at existing levels. New Delhi, Aug. 20 The Centre has hiked the minimum support price (MSP) for the current year’s paddy crop (to be marketed from October to September) by Rs 100 a ...

Bangalore takes bigger hit in hiring
Bangalore, Aug. 20 Hiring trends in major cities indicate that while IT is still a major employer, there has been a dip in banking and financial services, insurance, telecom, oil and gas, hospitality and ...

Tata Tele woos Japanese cos on DoCoMo strength
Coordinated strategy to offer end-to-end services. Mumbai, Aug 20 Tata Teleservices (TTSL) is flaunting its NTT DoCoMo connection to win enterprise-wide telecommunication deals from Japanese companies for ...

Brokerages line up mega plans for IPO financing
Non-banking finance arms leading brokerages are seeking to raise short-term funds amounting to around Rs 6,000 crore to finance subscription of IPOs by investors. Kotak Group’s NBFC arm Infina Finance Pvt Ltd’ is planning to ...

Oil price hike led to higher capex, says Reliance Ind
Mumbai, Aug. 20 Even as the media ad campaign by the Anil Ambani-led RNRL against the brother Mukesh Ambani’s RIL over the KG D-6 gas price is being stepped up every day, RIL maintains that the company had explained the increase in ...

Monsoon deficit 26%; fresh wave of rains ahead
Deficit in the seasonal rainfall until August 19 (Wednesday) has shown an improvement of three per cent and now stands lowered to 26 per ...


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Markets (Aug 20)
Nifty (at close)4,453.45(+59.35)
US Dollar (Buy/Sell)48.70/71
Brent crude (a bbl) Rs3,583
Gold (a gram) Rs1,391
Silver (a kg) Rs23,935



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