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Stocks sink in red sea
A global meltdown in stocks triggered a selling avalanche on Dalal Street and hammered the sensex to a five-month low of 12344.44. ...  | Read.. 
 
Blame it on yen
One of the reasons for the global selloff is the unwinding of` ‘yen carry trade’. It is a currency strategy in ...  | Read.. 
 
India Inc role in stock option tax
The government will consult industry before formulating rules to tax Esops (employee stock options), which have been bro ...  | Read.. 
 
Steel relents, cement stays firm
Honouring the government’s concern over inflationary trends in the economy, major steel producers today agreed to c ...  | Read.. 
 
Crisil sees a slowdown in growth
Domestic rating agency Crisil today projected that the growth rate for the Indian economy could moderate to 7.9-8.4 per cent ...  | Read.. 
 
HARBOUR HOPES: Calcutta Port Trust is poised to become number one in the country in the near future, said port chairman A. K. Chanda (centre) in Calcu ...  | Read

 
City airport revamp set for take-off
A decision on the modernisation of the Calcutta airport will be taken in a month, civil aviation se..  | Read.. 
 
Louder Nokia phone buzz in local market
India is set to become Nokia’s second largest market by volume after China by 2010...  | Read.. 
 
Moser Baer solar cell capacity to go up
Moser Baer India plans to invest $250 million to expand its solar cell-making capacity in the next ..  | Read.. 
 
Three-way insurance pact
Canara Bank and Oriental Bank of Commerce (OBC) have forged an alliance with the insurance arm of H..  | Read.. 
 
Strain on software exports
The software sector will be able to meet the export target of $60 billion by 2010, but the long-ter..  | Read.. 
 
AROUND THE GLOBE
Blackstone in hunt for Chrysler
Private equity firm Blackstone Group has emerged as a leading contender to buy the troubled US divi..  | Read.. 
 
HSBC profit falls short of forecast
HSBC Holdings posted on Monday a 5 per cent rise in 2006 profits, just short of analysts’ expe..  | Read.. 
 
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