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Popular Articles

ComMin wants 3-year I-T waiver for labour-intensive exports
In an attempt to support exporters hit by the ongoing global economic crisis, the commerce ministry has proposed to its finance counterpart to exempt income tax for a period of three years for certain labour-intensive sectors like handicrafts, leather and textiles.

PNB halves penalty on premature withdrawal of deposits
Government-owned Punjab National Bank (PNB) has halved the penalty for premature withdrawal of deposits – a move aimed at attracting more depositors at a time when the medium-term outlook on interest rates is uncertain.

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Jamal Mecklai: God bless you, Mr Obama
While many of his fans, particularly in the US, appear disappointed, I, for one, believe that Mr Obama has had an extraordinarily successful first year as president.
Management

Sensex firm; Hindalco up 5%

The Sensex is exhibiting firmness and is now at 17,708, up 149 points. The NSE Nifty is at 5,280, up 48 points. The Midcap and the small cap indices have added 1% each at 6,905 and 8,589, respectively. Negative view on state-run oil cos: Fitch Jan cement sales in high double-digit Hindalco has soared 5% to Rs 171. Jaiprakash Associates has advanced 3% to Rs 159. Grasim Industries, Sterlite, Tata Steel, Mahindra & Mahindra and DLF has added 2% each at Rs 2,608, Rs 894, Rs 648, Rs 1,152 and Rs 372, respectively. Reliance Communications, Tata Power, HDFC and ICICI Bank were the other prominent gainers, up 1% each. The market breadth is positive, out of 2,646 shares traded, 1,938 have advanced and 628 have declined so far on the BSE.


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