Archive for June, 2008

Markets heavily leveraged on short side

Weak global markets, led by soaring oil prices, and higher domestic inflation added to the woes as the benchmark CNX Nifty fell over 5% for the week.

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Titan Industries to become billion dollar co

On the back of robust growth in jewellery and watches business, Tata group’s Titan Industries is aiming to become a billion dollar company by the end of this fiscal year.

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No complaints on tight Asia Cup schedule: Mahela

Mahela Jayawardene said he has no complaints with tight Asia Cup schedule as it was not a new thing in international cricket.

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`We will acquire big retailers in 2 years`

Low-cost retailer Subhiksha is witnessing an increase of 8 per cent to 12 per cent in footfalls compared with those a year ago.

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Honda to launch 800cc bike by 2009

Honda Motorcycles and Scooters India (HMSI) will introduce an 800cc bike by the end of this financial year.

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Sensex nearing a short-term bottom

A bearish trend prevailed as anticipated last week and the index took a huge knock. The weakness has pushed the index to the key support zone of 13600-13800 mentioned in earlier weeks.

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It’s a brand new trophy that Spain got as champs

Spain, the new European football champion, received the EURO 2008 trophy on Sunday night at a colourful ceremony attended by royalty and boisterous fans.

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IT services deal size gets bigger

Mid-size IT firms in the country, which are bearing the brunt of a US slowdown, sub-prime crisis and currency fluctuations, are finding succour on the home turf.

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BPL households paid Rs 8,830 mn as bribe in 2007

Level of corruption is ‘alarming’ in states of Assam, Bihar, J&K, UP and MP, says a new survey based on experience of BPL households.

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Sticks to basics; delivers the goods

The objective of the HDFC Growth Fund is to generate long-term capital appreciation from a portfolio invested predominantly in equity and equity-related instruments.

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