Wednesday, August 26, 2009

NEWS @ 26-08-2009

All three major US Stock Market Indexes - along with their respective ETFs - have formed two dojis in a row above their upper Bollinger Bands. While this certainly doesn’t guarantee a reversal, it’s at least a warning ...

China has rebounded from the global slump with vigour. In the second quarter, its official figures showed year-on-year gross domestic product growth of 7.9 per cent. Those who doubt the quality of China’s ...

The growth of six core infrastructure industries eased to 1.8 per cent in July, the lowest this fiscal, as petroleum refinery acted as a drag on the sector ...

Plans for the first major overhaul of India’s tax code in nearly 50 years would make the country a far less attractive place for companies to do business, leading industry analysts have warned ...

The mistake lies in thinking that if Government absorbs funds from the market, interest rates must go up. This would be true if the money is not spent, as it would reduce system liquidity. But the Government borrows ...

“We will file SLP (in the Supreme Court) within the next six to seven days,” power secretary Hari Shankar Brahma told reporters in New Delhi ...

Biocon Ltd, India's top listed biotechnology firm, expects its branded formulations business in India to double this fiscal year as it launches new products, its chairman said ...

Cairn’s Export Pipeline From Mangala May Face Delay
The U.K.-listed explorer focused on India, warned that the target for completing an export pipeline from its Mangala field by the end of the year looks to be “increasingly challenging.” ...

Reliance Communications (RComm) is targeting 5-15% revenue growth via its rural operations. Its competitors Bharti Airtel and Idea Cellular are also betting big on the rural markets. “It will be a gradual ...

There is a renewed surge in spending by IT clients after a 12-month lull. There are signs of significant new business from financial services clients and the IT sector is also seeing a rapid improvement in order book ...

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