| BUSINESS LINE |
Thu, 28 Aug 2008 |
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BUSINESS LINE
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3G spectrum for CDMA operators to be auctioned
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Move follows TRAI’s objections to subscriber-linked allocation. New Delhi, Aug. 28 Changing its earlier decision, the Communication and IT Ministry on Thursday said that 3G spectrum for CDMA operators will be auctioned. This is a shift ...
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Primary articles, fuels pull down inflation
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Early signs of moderation, says Govt. New Delhi, Aug. 28 An easing of inflation levels among primary articles and fuel items pulled down headline inflation, with the Government terming the dip as “early signs of moderation”. ...
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Adlabs Films (Rs 469.45): Sell
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We recommend a sell in Adlabs Films from a short-term perspective. It is apparent from the charts of Adlabs Films that it has been on an intermediate-term downtrend from its early May high of Rs 789. However, the stock found support at around Rs ...
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Day Trading Guide
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The stock is experiencing selling pressure at higher level. Fresh short-position can be initiated, if the stock declines below its 50-day moving average at Rs 1,680, with tight stop loss. ...
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No special dispensation for LIC in new investment norms
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IRDA for phased dilution of investments. Hyderabad, Aug. 28 The new investment norms announced by the Insurance Regulatory and Development Authority (IRDA) will apply to all entities in the insurance industry, including Life Insurance ...
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Singur deadlock continues, worker attendance falls below 15%
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Work at the Tata Motors’ small car project site at Singur continued to be affected for the fifth day on Thursday with the attendance of contractual workers there falling below Wednesday’s level of around 15 per ...
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‘Iron ore, coking coal will dictate steel prices’
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Tata Steel consolidated Q1 net profit up 60%. Mumbai, Aug. 28 In the immediate future, steel pries will be dictated by the level of iron ore and coking coal prices, which have risen 85 per cent and 200 per cent (respectively) in the last year, ...
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Hyundai plans export of ‘completely knocked down’ kits
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Company to invest Rs 200 cr in new press shop. Chennai, Aug. 28 Hyundai Motor India Ltd, the country’s largest exporter of passenger cars, now plans to export vehicle kits in ‘completely knocked down’ condition. ...
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NTPC’s investment powers nearing the limit
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May hit PSU’s participation in competitive bidding. NTPC, the country’s largest power generator, is close to hitting the limit of its powers to make investments autonomously. ...
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Wipro to expand in SEZs; plans Rs 1,500-cr spend
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To add 6-8 million sq-ft space in 24-36 months. Chennai, Aug. 28 Wipro Technologies Ltd will spend nearly Rs 1,500 crore during this fiscal in infrastructure addition across the country, and plans to add 6-8 million sq ft of space in the next ...
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iPhone gets lukewarm response
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PRICING PAINS. New Delhi, Aug. 28 The much hyped iPhone has so far received a lukewarm response from Indian consumers. According to industry estimates, both Bharti Airtel and Vodafone Essar have not been able to sell more than 1,500 phones in ...
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Tyre makers face drop in sheet rubber inventory
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Situation likely to improve by September end. New Delhi, Aug. 28 The continued shortage in sheet rubber for over two months has led to raw material stock inventory of major tyre producers dipping to 8-21 days from the normal level of almost ...
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DLF chief takes home Rs 7.9 cr as remuneration in FY08
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New Delhi, Aug. 28 Real estate baron and Chairman of India’s largest realty firm DLF, Dr K.P. Singh, took home close to Rs 7.9 crore in overall remuneration for the year ended March 2008, double the remuneration for the previous year, in ...
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Southern rain wave gains more ground
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Monsoon has been active over interior Tamil Nadu and south interior Karnataka as the renewed spell in the south peninsula gained further ground on Thursday. ...
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