Business News

In India when one talks of futures the first thing that people assume is that it refers to trading on the futures of the indices and stocks. At the same time there are people who trade in futures on other exchanges of some other indices.

The current market meltdown has left investors shocked and stunned. The only question we ask is, will the markets see more downslide or have they bottomed out?

The government is leaning on the prowess of the software industry to reduce last mile losses as energy travels from the substation to end-users and cut theft and pilferage that have long plagued country's power distribution system, A committee has been set up Nandan Nilekani, co-Chairman of Infosys Technologies Ltd.

State-run Bharat Heavy Electricals Ltd (BHEL) is looking to acquire a locomotive manufacturing facility in Europe. It has already submitted an expression of interest for its proposed buy.

With analysts predicting that the equity markets could hit the bottom any day, the time seems to be ripe for investors to do some value buying. However, with the global economy still wading through unclear waters, the ideal investment theme should be sticking to companies that are least-affected by a global slowdown.

The spectre of an industrial slowdown looms large over the Indian economy as factory output fell to its lowest in six years amid the persistently rising inflation rate that inched to the 12 per cent mark, dashing hopes of any monetary loosening to boost aggregate demand.

The tax season is when an individual faces the most problems. These relate to getting information about various requirements or even completing the formalities for the process. One of this involves payment of tax.

Salaried individuals have several issues that they need to clear before they file their returns. The issues are not very complex but they need proper understanding of the position. There is not much to do in terms of planning various payments because the taxation of much these amounts is already decided. A few areas that need careful attention are highlighted here.

Infosys Technologies Ltd on Friday reported a better-than-expected increase in net profit through the fiscal first quarter, but the bellwether software stock plunged 7.2 per cent on a warning about 'challenging times ahead' for the company.

The spectre of an industrial slowdown loomed large over the Indian economy after factory output fell to its lowest in six years amidst persistently rising inflation that inched to a worrisome 12 per cent mark, dashing hopes any monetary loosening to boost aggregate demand.

Adlabs Cinemas has joined hands with real estate major Phoenix Mills to set up India's largest multiplex (megaplex) in Mumbai. The megaplex spreads over 1,40,000 sq ft area and will have 15 screens with over 4,000 seats. This facility is part of an under construction mall complex called Phoenix Market City in Kurla, eastern suburb of Mumbai.

Telecom sector watchdog, Telecom Regulatory Authority of India (Trai) has agreed to a higher base price for 3G spectrum auction as suggested by the Department of Telecom (DoT).

The position in the equity markets has taken many people by surprise. The sharp swings have market players worrying about the manner in which various price movements are taking place. There is a lot of concern among people managing investments about the way in which things will turn out.

Retailers and FMCG majors are now helping inflation-hit consumers to get more bang for their buck. Monthly promotion offers in the form of heavy discount days on all products in the store, or offers that give more grams for the same price have retailers optimistic on increasing sales.

Leaders of G8 countries - the world's wealthiest economies - on Tuesday expressed 'strong concerns about the sharp rise in oil prices,' but stayed short of recommending concrete measures to tide over the crisis.

Leaders of G8 countries on Tuesday endorsed a proposal to halve carbon emissions by 2050, in what appeared to be a boost to the ongoing campaign on global warming.

The markets may have looked glum in recent times, but the bears may not be taking over just yet, with a quarterly preview released by Motilal Oswal Securities Ltd (MOSL) stating that the earnings estimates for Sensex, the Bombay Stock Exchange's Sensitive Index of 30 stocks, continues to be positive.

The Left parties, withdrawing support to the United Progressive Alliance (UPA) government, is not likely to change the equity investment climate. With inflation at 13-year high and elections round the corner, the government is less likely to bring in major reform initiatives. Analysts, however, feel that this is the right time for investors to add blue chips to their portfolios.

Several people are happy with their current position because they are not being impacted by the situation affecting the economy. On one hand inflation has risen quite high and because of this interest rates are also on the upswing. Though the impact of this situation is different for borrowers and depositors, they have to take specific steps to protect their position.

Citigroup, the largest shareholder in India's leading mortgage company HDFC, is exploring the option of selling its stake, The Times reported on Monday.