The rate war in the telecom industry sparked by Anil Ambani’s Reliance Communication (RCom) and the Telecom Regulatory Authority of India’s (Trai’s) move on per-second billing is taking its toll on share prices of leading service operators. The share price of six telecom companies …

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Nifty has some support at 4980. Sell Unitech at 102-104, target: 97. Stoploss: 106. Sell Sterlite Industries below 739, target: 722. Stoploss: 748 3.00pm: btst – buy ICICIBANK at 934 target 954. stoploss 924 ( book partial at 943 and hold rest for btst) I won’t be online t…

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Markets likely to see a gap down opening. Nifty has some support at 4980 & 4930. If markets show some recovery later during the day, buy: IDFC. …

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India Inc is expected to post a marginal growth in net sales and profit in the financial year’s second quarter, ended September, says an earning preview by the city-based equity research and broking company, KR Choksey Shares and Securities (KRC). The estimates are based on the performa…

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U.S. Sept non-farm payrolls plunge 263,000 WASHINGTON (Reuters) – U.S. employers cut a deeper-than-expected 263,000 jobs in September, lifting the unemployment rate to 9.8 percent, according to a government report on Friday that fueled fears the weak labor market could undermine ec…

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ET: WASHINGTON: Amid hopes of economic revival and worries of rising unemployment, the US economy has been in recession for 23 months, one of the longest periods since the 1930s Great Depression. Battered by the ravaging financial meltdown, the US has witnessed steep economic contraction…

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Buy HMT at 74-75, target: 79. Stoploss: 72 If markets show weakness later during the day, sell: Reliance Industries. Btst – buy ISPATIND at 24.75 target 26 stoploss 23.90 …

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Daniel McCormack, Macquarie Securities: I am cautious on Asian equities as cyclical indicators have started turning down. I expect 10-20% correction in Asia ex-Japan, which would be a buying opportunity in India. I like banking and infra companies in India. source: Read More..

NEW DELHI (AP) — India is facing its worst drought in nearly 40 years because of a once-in-a-generation shortfall in summer rains, a meteorologist said Wednesday, a shortage that threatens to stall the country’s recovery from the global economic downturn. Rainfall during the …

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MUMBAI: India’s Bharti Airtel said late on Wednesday it and South Africa’s MTN had called off talks for a planned tie-up due to the inability of the South African government to accept the deal in current form. Bharti said it will continue to look for international opportunit…

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