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Tata Tele merges tower biz with Quippo
Quippo to get management control with 49% stake in merged entity. New Delhi, Jan. 5 Tata Teleservices on Monday announced its decision to merge its mobile tower company – Wireless Tata Tele Info Services Ltd (WTTIL) - with Quippo, a tower ...
Daiichi Sankyo to book losses on Ranbaxy
New Delhi, Jan. 5 Daiichi Sankyo on Monday said it will write down a ¥359.5 billion ($3.84 billion) valuation loss on its acquisition of Ranbaxy Laboratories ...
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At a standstill: A lorry ...
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TODAY'S PICK (Latest Audio: English/Tamil)
ICSA India (Rs 149.40): Buy
We recommend a buy in ICSA India from a short-term trading perspective. It is evident from the chats of ICSA India that it was on an intermediate-term downtrend from August peak to late December 2008 low (from Rs 400 to Rs 127). However, ...
Day Trading Guide
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Taro rebuffs Sun’s revised proposals
Willing to hold shareholder referendum on merger price. Sun Pharma’s efforts to reconcile the ongoing litigation with Taro Pharma by sending two amended proposals have been rebuffed by the Israeli generic-drugs ...
Tatas move court against nod for RPower to divert Sasan coal
Mumbai, Jan. 5 Tata Power Company has moved court against the government’s decision to allow Reliance Power Ltd the use of coal from the captive mines allotted for the Sasan Ultra Mega Power Project, for other projects of the Anil ...
Government talks tough with oil officers’ body threatening stir
New Delhi, Jan. 5 With attempts to initiate a dialogue with the Oil Sector Officers’ Association (OSOA) – which has threatened to go on strike from Wednesday demanding higher wages – yielding no results, the Government ...
IT majors may miss Q3 revenue forecast: CLSA
Bangalore, Jan. 5 Large IT firms such as Infosys Technologies Ltd and Wipro Ltd could well miss their December quarter earnings forecast, hurt by lower volumes and cross currency movements, said brokerage ...
Strong headwinds ahead for outsourcing vendors
Slowdown to shift focus to hard asset-intensive biz: Tholons. New Delhi, Jan. 5 The global downturn is expected to impact the growth and margins of the vendors in the outsourcing space for the first 2-3 quarters of 2009, before picking up and ...
RBI may reinstate cap on reverse repurchases
Move to contain cross-border arbitrage flows, spur domestic lending. Bangalore, Jan. 5 In a bid to contain cross-border arbitrage flows and exert further downward pressure on interest rates, the Reserve Bank of India is likely to reintroduce the ...
Corporate profits could be lower in Q3: Study
Tata Steel, DLF could suffer negative growth: Motilal Oswal. Mumbai, Jan. 5 Profits of several corporates are expected to be lower in the December quarter, according to a study by Motilal Oswal Financial ...
Welcome rains for South, central India likely
Thiruvananthapuram, Jan. 5 A building wet regime in the south, fragmentation of the seasonal anti-cyclone and westerlies picking in strength in the bargain would be the highlights of the emerging weather over the country during this ...
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