The Hindu Business Line : Wednesday, July 04, 2007

Sensex hits record high on global cues
Mumbai, July 3 Banks and capital goods stocks fuelled the broad-based rally in the equity market on Tuesday.The BSE benchmark index reached a record high for the second day in a row on the back of strong global cues.The index ... More

Assets managed by MFs dip 3.17% in June
In contrast to record surge in May More

Additional duty on imported spirits, wine and beer goes
New Delhi, July 3 The Government on Tuesday removed the additional customs duty, imposed in lieu of State-level excise duty, on spirits/ liquor, wine and beer imports into the country. Simultaneously, the Government has also hiked the ... More

Sensitive items imports growth slows to 16% in April
Automobiles, rubber, milk and milk products imports up More

Moody’s downgrades Tata Power
Mumbai, July 3 Moody’s Investors Service has downgraded the corporate family rating of Tata Power Company (TPC) to Ba3 from Ba1, on account of TPC’s aggressive capital expenditure plan for its ultra mega-projects. ... More

Volkswagen sets up sales co in India
The Volkswagen Group on Tuesday announced setting up of a sales company — Volkswagen Group Sales India Private Ltd in Mumbai. The group’s Indian operations will be headed by the Managing Director, Mr Joerg Mueller, who will ... More

Britannia, Danone play down impact
Kraft Foods entry seen in positive light More

RBI issues norms for engaging telemarketers
“Banks should ensure that telemarketers currently engaged by them register themselves with DoT.” More

Pay fertiliser subsidy through swipe card: Iffco
Favours crediting amount to bank account through RFID More

80 lakh jobs at risk due to strong rupee: FIEO
‘About $12.5 billion will be lost’ More

Bharti awards network expansion deal to Nokia
The contract valued at $900 m covers 8 circles More

Reliance, Bharti shortlisted for Qatar mobile licence
The two Indian companies have tough competition from the likes of Vodafone, Verizon Communications, AT&T and Egypt’s Orascom. More

COMMODITY COMMENTARY
Govt may have to pay over $300/tonne for wheat import
More

10% ethanol content plan will make cars expensive
Customers will have to spend Rs 5,000-6,000 for existing cars More

Demand for feeder funds on the rise
Domestic fund houses looking at tie-up with global outfits More

Iran pipeline: Indian segment may cost $1 b
New Delhi, July 3 India would need to investment about $1 billion in laying the pipeline to transport Iranian gas expected to arrive via Pakistan to consumers in the country. As the construction work of the pipeline would be segmented ... More

FII talk drives up Escorts
The stock of Escorts Ltd has witnessed a sharp surge on the bourses on market talk that a foreign institutional investor has agreed to purchase a stake in the company at a higher price than its current price, said dealers. Last month, RBI had ... More

No ‘break monsoon’ seen as fresh system forms in Bay
Thiruvananthapuram, July 3 A fresh low-pressure area has formed over land and water around the Head Bay (northeast Bay of Bengal) on Tuesday beating forecasts once again, and is showing signs of intensification prior to heading north-northwest ... More

Queueing up in water
More

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