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• Crude continues to slide, trades at $41.74/bbl
  Crude prices fell for a sixth day, capping the biggest weekly drop since the Persian Gulf war in 1991, on concerns that demand will decline after a report showed that US job cuts in November are at the fastest pace since 1974. In after hours access trading, crude is trading up 0.93 cents at USD 41.74 per barrel on the Nymex.
• The Vodafone tax controversy
  In September 2007, when the tax department issued a showcause notice to Vodafone claiming that its purchase of a stake in Hutch Essar was taxable and hence withholding tax should have been paid. Vodafone objected by filing a writ petition on grounds that withholding tax does not apply to nonresidents.
• How will markets react to RBI moves?
  How will markets react to RBI moves? No Major Impact 85% Sentimental positive 15%
• Priority sector lending upto Rs 20 lakh +ve: Parsavanth
  Pradeep Jain, Chairman, Parsvnath Developers, said priority sector lending up to Rs 20 lakh is very positive for real estate companies but added that he was expecting more form the RBI Governor with respect to restructuring of the existing loan allowed upto 30 June 2009.
• Priority sector lending upto Rs 20 lakh a +ve: Parsavanth
  Pradeep Jain, Chairman, Parsvnath Developers, said priority sector lending up to Rs 20 lakh is very positive for real estate companies but added that he was expecting more form the RBI Governor with respect to restructuring of the existing loan allowed upto 30 June 2009.
• Will US Congress bailout GM, Chrysler, Ford?
  The CEOs of the big three––General Motors, Chrysler and Ford––are being grilled at Capitol Hill and their ultimate test of their persuasion skill. They are asking for USD 34 billion and at this point it looks like perhaps they may be able to get that bailout money.
• Evidence of slowdown in economic activity: RBI
  The Reserve Bank of India, or RBI, has cut the repo rate and reverse repo rate by 100 basis points, or bps, each to 6.5% and 5% respectively. (100 bps = 1%)
• Rate cuts won\'t lift mkts until macros improve: Experts
  Amit Tandon of Bric Securities does not see any major impact of rate cuts on equity markets. Devesh Kumar, MD, Centrum Capital said the markets are likely to remain subdued till the macro environment improves.
• RBI rate move: Bankers see further policy cuts
  Both public and private sector banks have cheered the Reserve Bank’s cut in the repo and reverse repo by 1% each. Most banks had not responded to earlier RBI cuts. So, will the excess liquidity now with banks translate in a fall in lending, deposit rates?
• Market falls due to Balance of Payment crisis (\'9091)
  During 1980\'s India registered higher growth compared with 70\'s due to policy of industrialization. This growth came with higher fiscal deficit, current account deficit and huge external debt with poor foreign exchange reserve.
• Rs 77cr worth of IndoCanada Industrial RD projects ready
  Rs. 77 Crore worth of IndoCanada Industrial RD projects ready to take off
• Zebra launches world’s first mobile RFID printer
  Zebra Technologies, a global leader in specialty printing and automatic identification solutions, has launched the P4T/RP4T printer, the first ever mobile RFID printer.
• Rupee may strengthen towards 48.70/48.80: Commtrendz
  According to Commtrendz Research\'s report on Indian Rupee, spot rupee has supports around 49.10/49.20 followed by 48.60/48.70. Resistances are around 50.20/50.40 followed by 50.90/51.10 levels. Rupee could strengthen towards 48.70/48.80 levels in the short term, as long as 50.55 caps the upside.
• Communities benefit from 1 mn Intel Volunteer Hours in 2008
  Intel Corporation’s 40th anniversary, celebrated by 1 million volunteer hours in 2008. Increased volunteerism where employees live and work has spurred the development of a new skillsbased volunteer program at the company, matching employees with specialized skills with community needs.
• ZTE unveils World’s 1st Next Generation PON Equipment
  ZTE Corporation, a leading global provider of telecommunications equipment and network solutions, has rolled out the world’s first Next Generation PON equipment
• Nifty Futures sheds 10.88 Lk shares in OI: LKP Shares
  Nifty Futures sheds 1088000 shares in the open interest as on December 5, 2008.
• Reduce Sesa Goa, target of Rs 53: ULJK Securities
  ULJK Securities has recommended a reduce rating on Sesa Goa with a target of Rs 53. The research firm expects Sesa Goa’s iron ore sales to be 15 million MT in FY09 and 11.25 million MT in FY10 and the average realization to be USD 62.5/MT in FY09 and USD 55/MT in FY10.
• Kingfisher Airlines to launch MumbaiLondon Flights
  Kingfisher Airlines, India’s first and one of only six 5Star airlines in the world, today announced that beginning January 5, 2009, it would commence daily nonstop flights from Mumbai to London Heathrow.
• Fitch assigns BBB+(ind)/F2+(ind) to Suashish Diamonds
  Fitch Ratings has assigned India\'s Suashish Diamonds Limited a \'BBB+(ind)\' National Longterm rating with a Negative Outlook. Fitch has also assigned an \'F2+(ind)\' rating to its INR5,250m fundbased working capital facility
• Kotak Life Insurance covers death due to terror attacks
  Kotak Life Insurance Covers Death Due to Terror Attacks
• Hyundai registers cumulative 49% gwth in Nov 08
  Hyundai Motor India Ltd, the country’s second largest car manufacturer and the largest passenger car exporter, registered an overall growth for the month of November, 2008 while as domestic sales dipped by 23.3% and exports saw a healthy jump of 188% over the current month last year
• Buy Unitech: Indiabulls Securities
  Indiabulls Securities Research has upgraded its rating on Unitech from hold to buy. The research firm believes that the stock has a longterm upside potential as the Company has a huge land bank at diversified locations, a strong asset base, and the expertise and execution skills.
• US slowdown to benefit Domestic Int\' BPO industry
  Indian industry will feel the real impact of the current meltdown in the US and other developed economies in the first quarter of 2009, with the business process industry likely to see job losses of up to a quarter of a million, said Mr Samir Chopra, President, Business Process Industry Association of India
• Reliance MF cuts exposure to engg, metal, const sectors
  Reliance Mutual Fund has reduced exposure to Engineering Capital Goods, Metals Mining and Cement Construction sectors while has increased to Banking Financial Services, Pharmaceuticals and Utilities sectors.
• Buy Axis Bank, target of Rs 536: ULJK Securities
  ULJK Securities has recommended a buy rating on Axis Bank with a target of Rs 536. The research firm believes the stock provides an investment opportunity for a decent return in the medium to long term.
• DesignTech ties up with Autocluster Develop