The Hindu Business Line : Saturday, November 21, 2009

GVK keen to hike stake in Bangalore, Mumbai airport cos
Eyes L&T, Bidvest pie to shore up its base. Bangalore/Hyderabad/Mumbai, Nov. 20 Upbeat from its Rs 485-crore acquisition of 12 per cent stake in Bangalore International Airport Ltd (BIAL), GVK Power & Infrastructure Ltd today expressed ...

Corporates swamp the bond market
Owing to lower interest rates, surplus liquidity. Mumbai, Nov. 19 At least 10 companies, including public sector undertakings, are expected to tap the corporate bond market over the next two months to take advantage of the lower interest rates ...

Space friends: Mr Ashok N... Foreign investors’ asset base shrinks in October
FIIs were net buyers for Rs 9,077 crore. Mumbai, Nov. 20 The assets under management of foreign institutional investors fell for the first time in the past eight months in October, as the equity markets fell on the back of weak ...

MFs sit on cash piles
Mumbai, Nov. 20 Mutual funds have more cash now than a month ago reflecting the increasing uncertainty among market participants about which way equities are ...

DoT, Defence end stalemate on spectrum
New Delhi, Nov. 20 In a move that will allow the Government to auction 3G spectrum for at least four operators in each circle, the Department of Telecom and the Ministry of Defence have struck an agreement whereby the armed forces will release ...

States get back power to set cane prices
New Delhi, Nov. 20 The Centre’s decision to scrap the newly introduced Clause 3B of the Sugarcane Control Order, 1966 has reduced the so-called fair and remunerative price (FRP) for cane to a virtual dead letter for ...

FMC-CERC power war reaches Court
New Delhi, Nov. 20 The turf war between two regulators — the Forward Markets Commission and the Central Electricity Regulatory Commission — has reached the Bombay High Court. The FMC has dragged the CERC to the Court over ...

Switching operator will cost no more than Rs 19
RETAIN YOUR NUMBER. Starting January 1, mobile users wanting to change their operator, without giving up their phone number, can do so by paying a maximum of Rs 19 ...

Rolls-Royce Ghost is here
New Delhi, Nov. 20 Taking a cue from the doubling of Indian billionaires, the super luxury British iconic brand Rolls-Royce launched on Friday the four-door Ghost saloon in ...

Mobile services fetch less for telecom players in Q2
More subscribers, yet competition bites. Kolkata, Nov. 20 Most telecom operators reported decline in revenues from mobile services in the second quarter of 2009-10 as compared to the previous quarter despite growth in subscriber base, according ...

Banks find DRT a better recovery mechanism
Borrowers often do not honour commitment reached in Lok Adalats. Chennai, Nov. 20 Lok Adalats have not proved to be a good means of effecting recoveries from bad loans, statistics show. The ‘public courts’ have accounted for only 5 ...

India’s exposure to US bonds least among BRIC nations
Kolkata, Nov. 20 India has not only reduced its investments in US Treasury bonds between May and September, but stood least exposed among the other BRIC nations relative to their respective foreign exchange ...

Govt mulls tax to phase out fuel-inefficient vehicles
Deterrent against manufacture of guzzlers. New Delhi, Nov. 20 It could soon be a tough road ahead for vehicles with low fuel ...

Know the Nifty sentiment via ‘tweets’
NSE on Twitter. Mumbai, Nov. 20 Film stars have taken to it, so have politicians. Now it is the turn of the National Stock Exchange to log in to ...

Buybacks: Majority go slow or back out
Only 12 companies executed programmes in the stipulated time. Most of the 62 companies that announced buybacks have gone slow in using their funds this year and are likely to fall short of the purchase ...

GM India will not cede ground in Chinese alliance
India chief Karl Slym says pact will benefit both parties. Mumbai, Nov. 20 Mr Karl Slym, President and Managing Director of General Motors India, is categorical that the proposed alliance with SAIC Motor Corporation of China for light trucks ...

North-East monsoon may get into `surge mode' again
The North-East monsoon is in a "surge mode" upstream of the Bay of Bengal with high winds and heavy rains warned of in the Gulf of Thailand over the next two ...