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Bharti, Tata Comm come under DoT scanner
The Department of Telecom may impose a penalty on Bharti Airtel and Tata Communications (formerly VSNL) for allegedly violating long distance licence norms.While Bharti Airtel was found to have set up its gateways in Delhi and Chennai without proper ...
India's FY09 growth seen around 8 pc
NEW DELHI: Economy is likely to expand around 8 per cent in the year to March 2009, but 9-10 per cent growth in the medium term is "achievable", the deputy chief of India's planning panel said on Thursday. "We are targeting 9 per cent growth, getting...
Select F&O entrants see surge in volumes
Five stocks in which trading in the futures & options segment of the National Stock Exchange started today, 21 August 2008, saw a surge in volumesNoteable stocks in which volumes were high were Dish TV (47.41 lakh shares), KS Oils (25.67 lakh sha...
Crude continues to slip
Prices register more than 1% drop for the weekCrude oil prices fell on Friday, 15 August, 2008 at Nymex after dollar continued to remain strong. A report regarding overall US demand getting hurt due to higher prices also was reflected in the falling ...
Significant losses for bullion metals
Gold and silver prices reach new lows not seen in this yearGold and silver prices once again fell on Friday, 15 August, 2008 due to a strong dollar. Prices also slipped due to the slipping crude prices. Bullion metals also registered substantial loss...
Hindalco slumps after pricing rights issue
The company announced the terms of the rights issue after trading horus on Thursday, 14 August 2008.Meanwhile, the BSE Sensex was down 62.87 points, or 0.43%, to 14,661.31On BSE, 68,474 shares were traded in the counter. The scrip had an average dail...
Bank stocks take higher inflation in their stride
State Bank of India (up 0.10% to Rs 1459.50), ICICI Bank (up 1.49% to Rs 683.50), and HDFC Bank (up 2.20% to Rs 1201.05), gained from the frontline banking sector.State Bank of India clocked volumes of 1.22 lakh shares, ICICI Bank notched volumes of ...
Sical to invest Rs 1,700 crore in logistics network
NEW DELHI: Chennai-based Sical Logistics plans to invest Rs 1,700 crore to develop a nation-wide multi-modal logistics network, including cargo terminals and rail lines. It will invest Rs 1,100 crore to develop two cargo terminals and an additional R...
Non-ferrous metals may add to inflation woe
MUMBAI: The issue of price rises in steel products has taken centrestage in recent times as the government, in a bid to rein in inflation , has asked steel producers to hold prices, a move that implies state interference in market dynamics. However, ...
Refinery stocks glitter on falling crude
Crude oil fell for a straight third day on signs that a US economic slump will extend into 2009, paring fuel demand in the world's biggest oil consumer. Meanwhile, China, the second-largest oil consumer, said its imports fell in July 2008.Crude oil f...
Birla Cotsyn (India) sees lackluster debut
Birla Cotsyn (India) was trading at Rs 12.30 at 10:03 IST on BSE, a discount of 12.15% over its issue price of Rs 14.Meanwhile, BSE Sensex was up 246.59 points or 1.79% to 14,038.18 on positive cues from global markets. US stocks rebounded on Tuesday...
Genesis picks up 5pc stake in Welspun Gujarat for Rs 300cr
MUMBAI: Genesis Asset Managers has picked up five per cent stake in pipe manufacturer Welspun Gujarat for over Rs 300 crore from the secondary market."The fund house has bought stake from the open market. This shows the long-term viability of the co...
