The Hindu Business Line : Friday, October 03, 2008

Broking firms feel the heat as trading volumes shrink
Average turnover dips 40% in last 9 months; they explore new income avenues. Mumbai, Oct. 2 As trading volumes on the bourses continue to shrink, stock brokers expect a sharp fall in their income in the coming ...

Axon prefers HCL Tech’s offer to Infosys’
New Delhi, Oct. 2 In a move that places HCL Technologies ahead in the race for the acquisition of the Axon Group, the Board of the UK company on Thursday dropped its recommendation of Infosys’ 600 pence a share offer, and said it ...

Star view: The new Suzuki... TODAY'S PICK (Latest Audio: English)
Alchemist (Rs 89.45): Buy
We recommend a buy in Alchemist from a short-term trading perspective. It is apparent from the charts of Alchemist that it was on a medium-term downtrend from its early August high of Rs 105 to September low of Rs ...

Day Trading Guide

Financial assessment report likely by end-Nov
The Committee on Financial Sector Assessment (CFSA), set up by the Finance Ministry and the Reserve Bank of India, is likely to submit its report to the Finance Minister, Mr P. Chidambaram, by end-November this ...

France plans to sell large 1,600 MW reactor to India
Paris, Oct 2 France’s nuclear energy establishment is delighted at the prospect of dealing again with India. It did not matter that the US Senate had not formally voted for the Indo-US nuclear deal; the French were raring to go and ...

TRAI removes rural levy on incoming international calls
Five years after the access deficit charge was introduced in the country – to compensate the state-owned Bharat Sanchar Nigam Ltd (BSNL) for its expenses on fulfilling social obligations — the Telecom Regulatory Authority of ...

Service providers may see pricing pressure
Demand slowing down amid worsening global economic crisis. Bangalore, Oct. 2 After witnessing a steady increase in billing rates for the past few years, Indian IT service providers could face pressure on the pricing front as demand slows down ...

Coverage of Orissa, Karnataka trouble: Balanced approach wanting
It is a hallowed principle of jurisprudence that justice should be even-handed, and both sides to a dispute must be given a full hearing before conclusions are drawn. The media coverage of the disturbances in both Orissa and Karnataka and the ...

Indian banks acted on time
The Finance Minister, Mr P Chidambaram, and the Planning Commission Deputy Chairman, Mr Montek Singh Ahluwalia, have sought to allay fears on the impact of the worldwide financial meltdown on India’s banks and the ...

Essar Algoma Steel investing in capacity expansion
A year after the takeover — buzzing with activity. It is a little over a year since Essar Steel took over the Canadian steel company Algoma Steel ...

Maruti Suzuki to launch A-Star by month-end
Paris, Oct. 2 Maruti Suzuki India is expected to launch its new small car — the A-Star — by the end of this ...

Outlook positive for cotton; scenario favours exports
Declining stocks, supply-consumption gap may boost prices. Mumbai, Oct.2 The simmering financial trouble in the US boiled over in September. The crisis saw markets — financial, stocks, commodities — collapse. Nervousness and the fear ...

Hotels do not fear any slowdown in occupancy
Average room rates to remain high during peak season. Mumbai, Oct. 2 Hospitality majors have rebuffed travel agents concerns that the hotel occupancies in India will remain low during the peak season starting October because of the global ...

Investment banks…
…and then, there were none
The last nail on the coffin of investment banks, as we now know them, was driven when the US Federal Reserve (Fed) approved the applications of Goldman Sachs and Morgan Stanley to change their status into bank holding companies. Rather, they ...