Markets were a little volatile but ended up displaying strength. The start was very quiet. Then...
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Nifty Futures adds 6.17 Lk shares in OI: LKP Shares
20:54 PM In Brokerage Recos
Nifty Futures have added 617000 shares in the open interest as on December 11, 2008.
Thursday, December 11, 2008
MOST WATCHED
11-December - Don't see current rally lasting till month-end: DKW
11-December - Mkts' current rally counts as a breakout: Experts
10-December - Buy DLF at lower level: Mukadam
11-December - See some bounce due to fiscal easing in '09: ING Fin Mkts
10-December - Buy NTPC, says Choksey
10-December - Tata Steel may add Rs 10-15: N Pillai
11-December - Pros and cons of investing in corporate deposits
10-December - Switch to Tata Steel Says Bhambwani
11-December - Mkts' current rally counts as a breakout: Experts
10-December - Buy DLF at lower level: Mukadam
11-December - See some bounce due to fiscal easing in '09: ING Fin Mkts
10-December - Buy NTPC, says Choksey
10-December - Tata Steel may add Rs 10-15: N Pillai
11-December - Pros and cons of investing in corporate deposits
10-December - Switch to Tata Steel Says Bhambwani
LATEST NEWS
09:00 - Mkt displaying some strength at the moment
08:54 - Nifty Futures adds 6.17 Lk shares in OI: LKP Shares
08:46 - Support for Sugar seen at Rs 1752-1728: Anagram
08:05 - US markets open lower: Dow down 116 points
07:42 - PM apologises for Mumbai terror attacks
07:17 - Rupee has resistance 48.70/48.8: Commtrendz Research
07:12 - Mkts can rally 10-15% in next 3-6 months: Citi
07:12 - See crude at $52/bbl once it crosses $48/bbl: Ventura Sec
08:54 - Nifty Futures adds 6.17 Lk shares in OI: LKP Shares
08:46 - Support for Sugar seen at Rs 1752-1728: Anagram
08:05 - US markets open lower: Dow down 116 points
07:42 - PM apologises for Mumbai terror attacks
07:17 - Rupee has resistance 48.70/48.8: Commtrendz Research
07:12 - Mkts can rally 10-15% in next 3-6 months: Citi
07:12 - See crude at $52/bbl once it crosses $48/bbl: Ventura Sec
MOST READ
11-December - See Nifty upside at 4K, downside at 1600: Daryl Guppy
11-December - Current crisis significant: RBI Governor
11-December - Buy RNRL on declines: Bose
11-December - Inflation at 8%; Axis Bk sees 0.5% reverse repo cut in Jan
11-December - Mkts end flat; midcap, small cap outperform
10-December - Pros and cons of investing in corporate deposits
10-December - See more upside in mkts; eye banks, infra stks: Experts
11-December - Exit long positions if 2860 Nifty breaks: Ashwani Gujral
11-December - Current crisis significant: RBI Governor
11-December - Buy RNRL on declines: Bose
11-December - Inflation at 8%; Axis Bk sees 0.5% reverse repo cut in Jan
11-December - Mkts end flat; midcap, small cap outperform
10-December - Pros and cons of investing in corporate deposits
10-December - See more upside in mkts; eye banks, infra stks: Experts
11-December - Exit long positions if 2860 Nifty breaks: Ashwani Gujral
TOP NEWS
Pak hub of terror but war no solution: Pranab
Govt, Opposition united; say Mumbai attack a war
सोनिया चुनेंगी राजस्थान का मुख्यमंत्री
07:12 - Mkts can rally 10-15% in next 3-6 months: Citi
01:55 - Current crisis significant: RBI Governor
12:15 - Inflation @ 8%; Expert sees 0.5% reverse repo cut
04:12 - Earning season key cue for mkts: Experts
09:16 - See Nifty upside at 4K: Daryl Guppy
03:13 - See risk appetite in mkt by Feb'09: nabCap
02:49 - Bharti eyeing 3G launch by '09 end
Help this reader: Surrender my policy? Support PIL: Help Mumbai police
Debate: Will mkt touch 10K next week?
Govt, Opposition united; say Mumbai attack a war
सोनिया चुनेंगी राजस्थान का मुख्यमंत्री
07:12 - Mkts can rally 10-15% in next 3-6 months: Citi
01:55 - Current crisis significant: RBI Governor
12:15 - Inflation @ 8%; Expert sees 0.5% reverse repo cut
04:12 - Earning season key cue for mkts: Experts
09:16 - See Nifty upside at 4K: Daryl Guppy
03:13 - See risk appetite in mkt by Feb'09: nabCap
02:49 - Bharti eyeing 3G launch by '09 end
Help this reader: Surrender my policy? Support PIL: Help Mumbai police
Debate: Will mkt touch 10K next week?
Wednesday, December 10, 2008
MOST READ
10-December - Mkts end strong led by commodity stocks; realty up 12.5%
10-December - See some bounce due to fiscal easing in '09: ING Fin Mkts
10-December - SAP impact: Balrampur Chini sugar unit to incur loss
10-December - Don't see current rally lasting till month-end: DKW
10-December - Switch to Tata Steel Says Bhambwani
08-December - Mkts to bottom out in late Jan-early Feb: Reliance MF
10-December - See rally if mkt closes at 9320: Neppolian Pillai
10-December - Pros and cons of investing in corporate deposits
10-December - See some bounce due to fiscal easing in '09: ING Fin Mkts
10-December - SAP impact: Balrampur Chini sugar unit to incur loss
10-December - Don't see current rally lasting till month-end: DKW
10-December - Switch to Tata Steel Says Bhambwani
08-December - Mkts to bottom out in late Jan-early Feb: Reliance MF
10-December - See rally if mkt closes at 9320: Neppolian Pillai
10-December - Pros and cons of investing in corporate deposits
LATEST NEWS
08:52 - Tata Motors slashes prices of most cars, CVs
08:50 - Hold metal stocks: V Kapoor
08:46 - Reliance Ind has 10% upside: V Kapoor
08:41 - Book profit in Reliance says Sukhani
08:40 - IIT placements hit due to economic slowdown
08:38 - 3G auction process may roll out on Thursday
08:37 - Exit cement stocks: Sukhani
08:26 - Liquidity injection, rate cuts: +ve for consumer durables
08:50 - Hold metal stocks: V Kapoor
08:46 - Reliance Ind has 10% upside: V Kapoor
08:41 - Book profit in Reliance says Sukhani
08:40 - IIT placements hit due to economic slowdown
08:38 - 3G auction process may roll out on Thursday
08:37 - Exit cement stocks: Sukhani
08:26 - Liquidity injection, rate cuts: +ve for consumer durables
TOP NEWS
भारतीय वायुसेना को तैयार रहने के निर्देश
03:05 - Current rally won't last till Jan: DKW
04:07 - Mkts' current rally counts as a breakout: Experts
09:27 - See some bounce due to fiscal easing in '09: ING Fin Mkts
12:56 - IIFCL to issue Rs 10K cr bonds in tranches
10:33 - See further cuts in repo, CRR by mid '09: Barclays
11:11 - SAP impact: Balrampur Chini sugar unit to incur loss
06:41 - FY10 to be 'more difficult year': RBI
Falling interest rates: What you MUST DO Next-gen leader: Choose now
Debate: Will Nifty rally above 3K now?
03:05 - Current rally won't last till Jan: DKW
04:07 - Mkts' current rally counts as a breakout: Experts
09:27 - See some bounce due to fiscal easing in '09: ING Fin Mkts
12:56 - IIFCL to issue Rs 10K cr bonds in tranches
10:33 - See further cuts in repo, CRR by mid '09: Barclays
11:11 - SAP impact: Balrampur Chini sugar unit to incur loss
06:41 - FY10 to be 'more difficult year': RBI
Falling interest rates: What you MUST DO Next-gen leader: Choose now
Debate: Will Nifty rally above 3K now?
FINANCIAL EXPRESS NEWS
SKF to cut 2,500 jobs, Europe, US on casualty list- The Financial Express
Swedish bearings maker SKF AB on Thursday said that it is slashing nearly 6 per cent of its work force, or 2,500 jobs, worldwide to adapt to lower demand from the auto sector due to the global financial crisis.
The Goteborg-based company said it had already initiated the process which...
Inflation set to touch record low- The Financial Express
India's annual inflation rate is expected to have fallen to its lowest in eight months in late November, following a decline in prices of manufactured products and lower fuel prices, a Reuters poll showed on Wednesday.
The median forecast of 11 economists was for an 8.0 per cent rise...
Micro Technologies reduces prices by 30%- The Financial Express
Global security, safety and life-support solutions provider Micro Technologies on Wednesday said it has cut its prices by up to 30 per cent across a varied range of security products to capitalise on the enhanced demand for security devices.
"Analysing the current market scenario and...
White House in tentative auto bailout deal- The Financial Express
The White House and congressional Democrats on Tuesday night reached an agreement in principle on a $15 billion proposal for bailing out US automakers and forcing them to restructure or fail, officials said.
A Bush administration official and a Democratic leadership aide said the...
More mobile phone makers back Google's Android- The Financial Express
Fourteen of the world's largest mobile phone and chip makers, including Sony Ericsson, Vodafone Group Plc and ARM Holdings Plc, joined the Open Handset Alliance on Tuesday to support the Android mobile device platform developed by Google Inc.
The new members' pledge to back the...
Rupee 48 paise stronger against dollar- The Financial Express
Auto industry posts biggest fall in sales- The Financial Express
Sensex gathers 200 points in early trade- The Financial Express
Airlines face worst crisis for 50 years: IATA- The Financial Express
World Bank forecasts a grim 2009- The Financial Express
IRDA mulls insurance products in vernaculars- The Financial Express
'Slowdown could act as 'growth stimulant' to SMEs'- The Financial Express
Hiring plans to slow globally: Manpower- The Financial Express
Vodafone to buy Swedish firm for $30 mn- The Financial Express
Gold consolidates further on firm cues
Swedish bearings maker SKF AB on Thursday said that it is slashing nearly 6 per cent of its work force, or 2,500 jobs, worldwide to adapt to lower demand from the auto sector due to the global financial crisis.
The Goteborg-based company said it had already initiated the process which...
Inflation set to touch record low- The Financial Express
India's annual inflation rate is expected to have fallen to its lowest in eight months in late November, following a decline in prices of manufactured products and lower fuel prices, a Reuters poll showed on Wednesday.
The median forecast of 11 economists was for an 8.0 per cent rise...
Micro Technologies reduces prices by 30%- The Financial Express
Global security, safety and life-support solutions provider Micro Technologies on Wednesday said it has cut its prices by up to 30 per cent across a varied range of security products to capitalise on the enhanced demand for security devices.
"Analysing the current market scenario and...
White House in tentative auto bailout deal- The Financial Express
The White House and congressional Democrats on Tuesday night reached an agreement in principle on a $15 billion proposal for bailing out US automakers and forcing them to restructure or fail, officials said.
A Bush administration official and a Democratic leadership aide said the...
More mobile phone makers back Google's Android- The Financial Express
Fourteen of the world's largest mobile phone and chip makers, including Sony Ericsson, Vodafone Group Plc and ARM Holdings Plc, joined the Open Handset Alliance on Tuesday to support the Android mobile device platform developed by Google Inc.
The new members' pledge to back the...
Rupee 48 paise stronger against dollar- The Financial Express
Auto industry posts biggest fall in sales- The Financial Express
Sensex gathers 200 points in early trade- The Financial Express
Airlines face worst crisis for 50 years: IATA- The Financial Express
World Bank forecasts a grim 2009- The Financial Express
IRDA mulls insurance products in vernaculars- The Financial Express
'Slowdown could act as 'growth stimulant' to SMEs'- The Financial Express
Hiring plans to slow globally: Manpower- The Financial Express
Vodafone to buy Swedish firm for $30 mn- The Financial Express
Gold consolidates further on firm cues
FINANCE NEWS
Video: Hand woven Khadi witnesses a new revolution- ANI Indian hand woven Khadi clothes propagated by Mahatma Gandhi as an index of Indian nationalism during the British Colonial rule are getting chic and trendy.
2nd Edition of Bangalore Nano to Benefit Researchers and Entrepreneurs in Nanotechnology- Business Wire India 2nd Edition of Bangalore Nano to Benefit Researchers and Entrepreneurs in Nanotechnology
Palador to Screen ?Shine a Light? at 13th International Film Festival of Kerala- Business Wire India Palador to Screen ?Shine a Light? at 13th International Film Festival of Kerala
9th Water Asia International Conference and Exhibition on the Water Industry- Business Wire India 9th Water Asia International Conference and Exhibition on the Water Industry
SKF to cut 2,500 jobs, Europe, US on casualty list- Financial Express
Swedishbearings maker SKF AB on Thursday said that it is slashing nearly 6 per cent of its work force, or 2,500 jobs, worldwide to adapt to lower demand from the auto sector due to the global financial crisis.
The Goteborg-based company said it had already initiated the process which will ...
Infocrossing, a Wipro Company Partners with the Department of Finance and Employees Relations for the State of Minnesota to Successfully Upgrade ERP- Business Wire India
Early winter enhances demand for Kangris in Kashmir valley- ANI
Cisco introduces new technologies to drive new generation medianets- ANI
Kotak Securities launches Smart Order- ANI
Kotak Securities Launches Smart Order
Tuesday, December 9, 2008
LATEST NEWS
11:21 - ACC cuts price of cement upto Rs 5 per bag, stock up
11:16 - Buy Reliance Communications: Angel
11:11 - SAP impact: Balrampur Chini sugar unit to incur loss
11:08 - Sell Ranbaxy, target of Rs 177: Reliance Money
11:02 - NALCO gains further ground
11:00 - Sesa Goa surges 5.6%
11:00 - Grasim Industries moves up smartly
10:58 - Buy Gold MCX 1st Month Future at Rs 12351: Hem
11:16 - Buy Reliance Communications: Angel
11:11 - SAP impact: Balrampur Chini sugar unit to incur loss
11:08 - Sell Ranbaxy, target of Rs 177: Reliance Money
11:02 - NALCO gains further ground
11:00 - Sesa Goa surges 5.6%
11:00 - Grasim Industries moves up smartly
10:58 - Buy Gold MCX 1st Month Future at Rs 12351: Hem
TURBOLINUX
Turbolinux, the leading Linux software company headquartered in Japan, today announced the launch of its latest offering 'wizpy' in the Indian market. wizpy is a compact, palm sized, bootable Linux OS device with a feature-rich multimedia player. wizpy offers users the power and flexibility to boot almost any computer in the world using the Turbolinux operating system.
wizpy provides users a bootable version of Turbolinux's operating system which runs straight from the device. When wizpy is attached to a computer's USB port, users can boot-up the Linux system that resides in the wizpy's memory to set up their own personal computer environment and access their documents, e-mails and the internet, keeping their and the host computer's data confidential and safe.
The device also doubles as a multimedia player, offering a 1.7-inch OLED (organic light emitting diode) color screen and keypad on the front. wizpy has software to play music in Ogg, MP3 and Windows Media Audio formats, and to show xviD, MPEG4 video files and JPEG images. It can also record sound to MP3 files, display text files, and has an inbuilt FM radio.
Speaking at the launch, Mr. Deepak Wassan, President, Turbolinux said, "Through wizpy we are introducing a new concept of 'PC 2.0'. With this product we have unbundled OS from the hardware. Now one can carry along the OS environment, applications, mails and data, and these are accessible at all times at any place with access to a PC. Important data such as passwords and credit card information now need not be left on the PC but can be stored on wizpy itself, thus preventing your personal information from being compromised. Apart from the portable OS, wizpy also provides multimedia features such as audio player, video player, image viewer, voice recorder and FM radio making it a very user friendly product. "
The product will be sold at price of Rs. 11995/= (MRP) and will available through select retail outlets. Turbolinux has partnered with eSys Technologies and the online portal cafegadgets.in for its distribution requirements in India.
wizpy provides users a bootable version of Turbolinux's operating system which runs straight from the device. When wizpy is attached to a computer's USB port, users can boot-up the Linux system that resides in the wizpy's memory to set up their own personal computer environment and access their documents, e-mails and the internet, keeping their and the host computer's data confidential and safe.
The device also doubles as a multimedia player, offering a 1.7-inch OLED (organic light emitting diode) color screen and keypad on the front. wizpy has software to play music in Ogg, MP3 and Windows Media Audio formats, and to show xviD, MPEG4 video files and JPEG images. It can also record sound to MP3 files, display text files, and has an inbuilt FM radio.
Speaking at the launch, Mr. Deepak Wassan, President, Turbolinux said, "Through wizpy we are introducing a new concept of 'PC 2.0'. With this product we have unbundled OS from the hardware. Now one can carry along the OS environment, applications, mails and data, and these are accessible at all times at any place with access to a PC. Important data such as passwords and credit card information now need not be left on the PC but can be stored on wizpy itself, thus preventing your personal information from being compromised. Apart from the portable OS, wizpy also provides multimedia features such as audio player, video player, image viewer, voice recorder and FM radio making it a very user friendly product. "
The product will be sold at price of Rs. 11995/= (MRP) and will available through select retail outlets. Turbolinux has partnered with eSys Technologies and the online portal cafegadgets.in for its distribution requirements in India.
TIPS
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WORLD MARKET NEWS
Islamic finance no longer immune to crisis- Reuters MANAMA (Reuters) - Islamic banking can no longer claim immunity from the global financial crisis now that it is hitting the industry's main source of funding and property values in the Gulf Arab region.
FOCUS - Mumbai attacks a wake-up call for hotel security- Reuters MUMBAI (Reuters) - The terror attacks in Mumbai last week have been a chilling reminder to India's hotels to step up investments in security and surveillance systems, experts say.
Ranbaxy, U.S. firm in pact to mkt drug in India- Reuters MUMBAI (Reuters) - Ranbaxy Laboratories Ltd has signed an exclusive licensing agreement with U.S.-based BioPro Pharmaceutical to sell Gliadel tablets in India.
BSE Sensex provisionally closes 0.3 pct lower- Reuters MUMBAI (Reuters) - The BSE Sensex provisionally ended 0.31 percent lower on Wednesday, as a grim global economic outlook overshadowed early gains, with software and telecom companies contributing the most to the drop.
Vodafone loses India tax case, can appeal- Reuters MUMBAI (Reuters) - The Bombay High Court has dismissed a petition by Vodafone International Holdings against a tax bill relating to the purchase of a mobile phone operation in India in 2007, Vodafone's tax consultant Dinesh Kanabar said on Wednesday.
India gold buyers eye more falls- Reuters
India's Oct refinery output up 5 pct y/y - govt- Reuters
Oil up above $47 ahead of U.S. inventory report- Reuters
Insurance sector could grow 17 pct this FY - IRDA- Reuters
POLL - Inflation seen at 8.91 pct on Nov 22- Reuters
Telecom Italia to sell assets, cut workforce- Reuters
Rupee fairly steady, share market watched- Reuters
Spicejet says no lasting drop in traffic after attacks- Reuters
Germany's MAN to be 50:50 partner in Force Motors JV- Reuters
Hero Honda sees sales under further pressure- Reuters
HINDUSTAN TIMES NEWS
SHCIL unit folded into parent - HT The Stock Holding Corporation of India Ltd (SHCIL) has acquired the controversial Singapore-based subsidiary of its associate SHCIL Services Ltd, Unitec Value Solutions, according to SHCIL's director RK Bansal.
Private banks may cut home loan rates - HT High liquidity and an inflation rate that has remained below 5 per cent for six weeks in a row have raised banks' hopes that they can lower home loan rates after the credit policy review on July 31. But it is unlikely to be a broad-based reduction, with state-owned banks preferring to hold rates. Private banks, which effected severe hikes over the last few months, however, may slash them.
IFCI to put off stake sale - HT IFCI, the oldest financial institution in the country, is re-examining a move to sell a 26 per cent stake to a strategic partner. After turning profitable in the last quarter, the company is learnt to have decided first to build a robust business model and then go in for an equity sale.
L and T eyeing submarine project - HT Larsen and Toubro, the diversified engineering conglomerate, is planning to build submarines as part of its defence projects venture. The company is also planning to demerge the defence division into a separate firm.
Money is passe, loyalty for the birds - HT The game of opportunity has never been so infectious in the country as it is now. Backed by an economy growing at nine per cent, sunrise sectors are furiously providing employment opportunities in bulk.
Headhunters turn vegetarians - HT
When rolling stones gather the moss... - HT
Novartis set back over patent - HT
Nath is FT FDI personality of the year - HT
We need to improve energy efficiency - HT
Residential upswing - HT
Financial services drive salaries north - HT
Stung by rupee, TCS, Infy raise manpower utilisation - HT
Deferred annuity - HT
Biocon to sell enzymes unit - HT
Private banks may cut home loan rates - HT High liquidity and an inflation rate that has remained below 5 per cent for six weeks in a row have raised banks' hopes that they can lower home loan rates after the credit policy review on July 31. But it is unlikely to be a broad-based reduction, with state-owned banks preferring to hold rates. Private banks, which effected severe hikes over the last few months, however, may slash them.
IFCI to put off stake sale - HT IFCI, the oldest financial institution in the country, is re-examining a move to sell a 26 per cent stake to a strategic partner. After turning profitable in the last quarter, the company is learnt to have decided first to build a robust business model and then go in for an equity sale.
L and T eyeing submarine project - HT Larsen and Toubro, the diversified engineering conglomerate, is planning to build submarines as part of its defence projects venture. The company is also planning to demerge the defence division into a separate firm.
Money is passe, loyalty for the birds - HT The game of opportunity has never been so infectious in the country as it is now. Backed by an economy growing at nine per cent, sunrise sectors are furiously providing employment opportunities in bulk.
Headhunters turn vegetarians - HT
When rolling stones gather the moss... - HT
Novartis set back over patent - HT
Nath is FT FDI personality of the year - HT
We need to improve energy efficiency - HT
Residential upswing - HT
Financial services drive salaries north - HT
Stung by rupee, TCS, Infy raise manpower utilisation - HT
Deferred annuity - HT
Biocon to sell enzymes unit - HT
NEWS
•Stocks in U.S. Decline on Reduced Profit Forecasts; FedEx, Danaher Retreat
•Bernanke Opposes Auto Aid Without Congress, Suggests Bankruptcy as Option
•Raines, Mudd Fault Lawmakers, Regulators for Missteps at Fannie, Freddie
•Pending Sales of Existing U.S. Homes Fall 0.7% Amid Credit-Market Freeze
•Ace Greenberg Says Death of Bear, Lehman Means Wall Street Model Is Broken
•Obama's Ike-Like Stimulus Plan Buoys Companies From Cisco to Caterpillar
•Geithner Needs `Exit Strategy' for Government Intervention, El-Erian Says
•Illinois' Blagojevich Arrested for Trying to Sell Obama's U.S. Senate Seat
•Democrats Say FCC Chairman Martin Misused Powers, Suppressed Information
•Bernanke Opposes Auto Aid Without Congress, Suggests Bankruptcy as Option
•Raines, Mudd Fault Lawmakers, Regulators for Missteps at Fannie, Freddie
•Pending Sales of Existing U.S. Homes Fall 0.7% Amid Credit-Market Freeze
•Ace Greenberg Says Death of Bear, Lehman Means Wall Street Model Is Broken
•Obama's Ike-Like Stimulus Plan Buoys Companies From Cisco to Caterpillar
•Geithner Needs `Exit Strategy' for Government Intervention, El-Erian Says
•Illinois' Blagojevich Arrested for Trying to Sell Obama's U.S. Senate Seat
•Democrats Say FCC Chairman Martin Misused Powers, Suppressed Information
Monday, December 8, 2008
BREAKING NEWS
•Stocks Rally Worldwide After Obama Pledges Spending Surge; Alcoa, GM Gain
•UAW Seeks GM Board Seat in Exchange for Concessions, Local President Says
•Citadel to Shut Tokyo Office, Cut Asian Investments, Eliminate 50% of Jobs
•Law Firm Head Dreier Arrested on Fraud Charge Related to Hedge-Fund Scheme
•Majority of Modified U.S. Mortgages Fail Within Six Months, Regulator Says
•Constellation Agrees to Talk With EDF About Offer for Nuclear-Unit Stake
•Rodman & Renshaw to Pursue $100 Million Bid for Cowen Following Rejection
•Sept. 11 Suspects Offer to Plead Guilty `in Full' at Guantanamo Bay Trial
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•Rodman & Renshaw to Pursue $100 Million Bid for Cowen Following Rejection
•Sept. 11 Suspects Offer to Plead Guilty `in Full' at Guantanamo Bay Trial
•Blackwater Guards Charged in 2007 Shooting That Killed 17 Iraqi Civilians
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WORLD MARKET NEWS
India realty sector set for correction - report-
Reuters MUMBAI (Reuters) - India's property market is poised for a correction and residential property rates will have to drop by up to 30 percent in some geographies for affordability to catch up, a report on said on Monday.
HDFC raises 8 bln rupees from I-Sec - sources- Reuters MUMBAI (Reuters) - Housing Development Finance Corp on Monday raised 8 billion rupees by selling bonds to ICICI Securities Primary Dealership.
American youth trail in Internet use -- survey- Reuters SAN FRANCISCO (Reuters) - Fewer young Americans have Internet access than their peers in the Czech Republic, Canada, Macao and Britain, a survey of 13 countries around the world showed.
U.S. officials say Citigroup rescue aimed at confidence- Reuters WASHINGTON (Reuters) - U.S. government officials said the driving reason behind the decision to rescue Citigroup Inc was to try to restore confidence in the financial system and in big U.S. financial institutions.
GLOBAL MARKETS - U.S. stock futures gain on Citigroup rescue- Reuters HONG KONG (Reuters) - Asian shares cut losses on Monday and U.S. stock futures gained after the U.S. government agreed to a $306 billion rescue plan for Citigroup, easing concerns about the U.S. bank's survival.
India's tourism begins to feel the global pinch- Reuters
Citigroup rescued- Reuters
Australia insurer IAG enters India with SBI venture- Reuters
Tight credit, small bonuses hit India real estate- Reuters
Australia's IAG forms joint venture with SBI- Reuters
U.S. Treasury says to put money into Citigroup- Reuters
U.S. to guarantee close to $300 bln Citi assets - WSJ- Reuters
Reuters Summit - India business, politics confront global slowdown- Reuters
Rupee slightly weaker, traders await stocks open- Reuters
U.S. mulls delays to tax hikes, support for Citi- Reuters
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LOCAL MARKET NEWS
Chidambaram to brief media after RBI chief meet- Reuters NEW DELHI (Reuters) - Finance Minister Palaniappan Chidambaram said he would brief the media later on Tuesday, but did say whether he had any announcements to make.
HSBC says to shed 500 jobs in Asia- Reuters HONG KONG (Reuters) - HSBC will lay off 500 staff in Asia, 90 percent of which will be in Hong Kong, due to deteriorating economic conditions and its cautious outlook for 2009, spokesman Gareth Hewett said on Tuesday.
Mazda to announce change in major shareholder- Reuters TOKYO (Reuters) - Japan's Mazda Motor Corp said on Tuesday it would announce major-shareholder changes amid reports that Ford Motor Co would shed a stake of about 20 percent in its affiliate.
Ford may announce plan to sell 20% Mazda stake - paper- Reuters TOKYO (Reuters) - Embattled U.S. automaker Ford Motor Co may announce plans to sell a 20 percent stake in long-time affiliate Mazda Motor Corp as early as Tuesday, the Nikkei business daily reported.
Global credit crisis hurts tiny loans in South Asia- Reuters MUMBAI (Reuters) - A global credit crisis that has felled large investment banks and prompted multi-billion dollar bailout packages is also hurting unlikely victims half a world away: small south Asian businesses dependent on microfinance.
Puravankara says not starting new projects - official- Reuters
Macquarie sees slowdown in India's economy growth- Reuters
Liquidity, price reduction,efficient credit mechanism key to solving economic slowdown: Chidambaram- ANI
Oil rebounds to near $56 after near 22 month low- Reuters
ICICI Bank sees interest rates coming down- Reuters
Japan warns of long slump; Taiwan turns to shoppers- Reuters
RBI watching econ, to act at right time- Reuters
Mundra Port signs pact for auto terminal- Reuters
"Wait and watch" on India rate move - finmin official- Reuters
Citi to cut 150 wealth management jobs in Asia - source- Reuters
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