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Financial crisis makes footwear makers tap local mkt

Mon, 01 Dec 2008 19:27:14 GMT

Manufacturers in Tamil Nadu plan to launch their own brands.

Rubber traders relieved

Mon, 01 Dec 2008 19:25:00 GMT

The lifting of the seven-month ban on futures trading in natural rubber (NR) has evoked sighs of relief among traders in the two major markets of the commodity in the country, Kottayam and Kochi.

Resumption of futures in 4 commodities in a week

Mon, 01 Dec 2008 19:24:29 GMT

Commodity markets regulator, the Forward Markets Commission (FMC), is all set to grant permission within a week to commodity exchanges to re-launch contracts in four commodities, which were suspended

Nifty resistance seen at 2,800

Mon, 01 Dec 2008 19:23:31 GMT

The market opened higher On Monday, buoyed by overnight gains in the US markets, but pared early gains as investors sentiment turned cautious.

Go by local rules to give loans for houses on farm land: RBI

Mon, 01 Dec 2008 19:21:41 GMT

The Reserve Bank of India (RBI) has asked banks to act on the basis of local rules when sanctioning loans for farmers to build houses on agricultural land.

Home loan firms not to cut rates

Mon, 01 Dec 2008 19:18:00 GMT

Say cost of funds too high to lower lending rates.

Coffee export hit by high prices, poor demand

Mon, 01 Dec 2008 18:55:00 GMT

Indias coffee exports have risen just 2 per cent this calendar year to November, as poor demand for value-added products and highprices cut the overall growth to a third since

'CSE to focus on smaller companies'

Mon, 01 Dec 2008 18:54:00 GMT

After the Calcutta Stock Exchange (CSE) completed its demutualisation process last year, several entities, including the Bombay Stock Exchange, picked up stakes, coming to a total of 52 per cent, in

Banking, midcaps spook Sensex

Mon, 01 Dec 2008 18:52:34 GMT

After opening on a bullish note, the markets nose-dived as follow up buying support was missing. The overseas futures turned negative, further adding to the weakness.

FMCG funds fare better than peers

Mon, 01 Dec 2008 18:51:04 GMT

At a time when most equity funds witnessed sharp erosion in their net asset values, fast-moving consumer goods sector-dedicated funds fared better than the rest.

LME-listed Sage Software bullish on India business

Mon, 01 Dec 2008 18:49:42 GMT

London Stock Exchange-listed Sage Software is bullish on its business from India where it recently acquired the Pocket range of Payroll and Human Resource Management Software (HRMS) and all customer

India Infoline up on buyback approval

Mon, 01 Dec 2008 18:49:32 GMT

India Infoline rose by 2.65 per cent to close at Rs 36.85, after its board approved the buyback of its shares at a maximum price of Rs 43.2. The buyback amount of Rs 98.9 crore will be 10 per cent of

MFs try to quell investor fears

Mon, 01 Dec 2008 18:49:00 GMT

Following Religares acquisition of Lotus India asset management company (AMC), other AMCs are going that extra mile to gain confidence of the investing public.

Now, PE players have more say in management

Mon, 01 Dec 2008 18:48:36 GMT

The global economic slowdown has prompted private equity (PE) players to get involved in the day-to-day management of companies in which they hold sizeable stakes.

Citigroup, Rubin's good names belie sorry record

Mon, 01 Dec 2008 18:48:33 GMT

Robert Rubin, former Treasury secretary and current Citigroup Inc. director and senior counselor, found himself in the middle of a media storm last week.

Zicom zooms as terror expected to bring demand

Mon, 01 Dec 2008 18:48:10 GMT

Zicom Electronic Security Systems was locked at an upper circuit of 4.9 per cent at Rs 49.2 on anticipation that the recent terror attacks in Mumbai would boost demand for security products such as

Actis raises $2.9-bn emerging mkt fund

Mon, 01 Dec 2008 18:47:51 GMT

Global private equity (PE) investor Actis on Monday announced that it has closed its $2.9 billion private equity fund, Actis Emerging Markets 3 (AEM3), exceeding its target of $2.5 billion.

Morgan fund to be made open-ended

Mon, 01 Dec 2008 18:46:09 GMT

Morgan Stanley growth fund (MSGF), a close-ended equity-oriented fund will be converted to open-end from January 2009.??The growth fund was launched in India in January 1994 as a closed-ended fund and

Firms' average P-E dips below 10

Mon, 01 Dec 2008 18:42:00 GMT

The average price-earnings (P-E) ratio of listed Indian companies has fallen below 10 per cent from 33.49 on January 8 this year when the Bombay Stock Exchange Sensitive Index touched its all-time

Hotel stocks up, but Sensex slips

Mon, 01 Dec 2008 18:40:00 GMT

Realty, auto and consumer durables stocks fall the most.