Cement Shares Drop Precipitously

Cement Shares Drop Precipitously

The shares in cement firms dropped precipitously on Wednesday, after the government’s trashing some duties to help imports and rein in domestic prices.

Sony Drops PSP Prices

Sony Computer Sony Computer EntertainmentEntertainment America (SCEA

HDFC Hikes Lending Rates

HDFC BankIndia’s largest house finance banking company HDFC has announced raised lending rates by 75 basis points for new loan seekers, and on the other hand, the interest rate is up 50 bps for the existing customers.

The 50 bps hike will translate into a Rs 32 hike each month on a loan of Rs 1 lakh borrowed for 20 years. Yet HDFC’s after hike rates are cheaper than its nearest rival ICICI Bank which annunciated a rate hike last Week. Last week, ICICI Bank increased its benchmark advance rate to 15.75%, while Yes Bank hiked its PLR to 14.75%. However, the state-owned banks are yet to consider their lending rates.

Organization’s Health-Unawareness Among CEOs

According to survey, “In the Dark: What many boards and executives still don’t know about the health of their businesses”, lack of high-quality non-financial information has caused many board members and senior executives to be unaware of the overall health of their organization.

The second edition of survey, released on Tuesday, is developed by Deloitte Touche Tohmatsu in conjunction with the Economist Intelligence Unit. The 78% of the CEOs surveyed say that just financial indicators do not adequately capture their company’s strengths and weaknesses.

SBI Jacks Up Personal & Car Loans

State bank of IndiaThe State bank of India announced on Wednesday that there’s going to be a small rise in rates for car loans and personal loans.

The MD of SBI said: “we have announced like in benchmark prime lending rates by 75basis points…Consequently, we will be raising rates by 75 basis points on an average.” Mr. Aggarwal added, “This interest rate cycle has peaked in economy and the rates are likely to stabilize at this level.”

SBI is going to raise interest rates in some schemes. SBI had also announced 0.75 % in its benchmark prime lending rate to 12.25% last month.

Free Music Downloads From EMI, Apple

MusicEMI Group and Apple Inc. takes a significant step by releasing higher-fidelity tunes specifically designed to play on any music player or computer. EMI Group & Apple is making its entire digital collection available without the anti-privacy software. Steve Jobs, CEO Apple Inc, and EMI Group Executives, on Monday, announced that EMI music will become available on Apple’s iTunes store without digital rights management (DRM) from May, 2007. This deal will also pressurize the other record labels to open up and offer DRM-free music.

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News in Focus

Mitesh Thakkar: BUY Asian Paints, Apollo Tyres, Mindtree and Bank of Baroda

Market analyst Mitesh Thakkar has suggested four BUY Calls and no SELL Call for today’s trading session.

Sudarshan Sukhani: BUY Eicher Motors, ICICI Prudential, Hindustan Unilever; SELL BPCL

Technical analyst Sudarshan Sukhani has suggested three BUY Calls and one SELL Call for today’s trading session.

Mitesh Thakkar: BUY Torrent Power, Bosch, Can Fin Home; SELL Co Forge

Market analyst Mitesh Thakkar has suggested three BUY Calls and one SELL Call for today’s trading session. Indian markets registered strong recovery in yesterday’s trade after two days of decline.

Mitesh Thakkar: BUY Reliance, PVR, Bharat Forge; SELL Jindal Steel

Market analyst Mitesh Thakkar has suggested three BUY Calls and one SELL Call for today’s trading session. Indian markets are expected to open positive today after facing two days of declines.

Sudarshan Sukhani: BUY Reliance, ITC, Jubilant FoodWorks; SELL Cadila HealthCare

Technical analyst Sudarshan Sukhani has suggested three BUY and one SELL Call for today’s trading session.

Sudarshan Sukhani: BUY Larsen & Toubro, JSPL; SELL Biocon and Indigo Airlines

Technical analyst Sudarshan Sukhani has suggested two BUY Calls and two SELL Calls for today’s trading session.