The Hindu Business Line : Tuesday, March 04, 2008

Not as decoupled as we think we are: Chidambaram
New Delhi, March 3 The Finance Minister, Mr P. Chidambaram, on Monday said that the Indian economy was “not as decoupled as we think we are”, hinting that the decline in local share market indices could have come on the back of ... More

‘Loan waiver not to hit banks’
Mumbai, March 3 Mr T.S. Narayanasami, Chairman and Managing Director, Bank of India, said, “There is no need for any apprehension that the profitability of banks will get affected following the proposal to waive off Rs 60,000 crore farm ... More

‘No tax exemption on export profits’
Two-wheeler makers want excise duty cut to 8% More

TCS facility coming up in Cincinnati
Mumbai, March 3 The US subsidiary of Tata Consultancy Services (TCS) has received incentives worth more than $19 million (Rs 76 crore) for setting up base in Cincinnati in the US. This facility will serve as the North American ... More

January exports post 20.47% growth
April-Jan trade deficit zooms; oil imports rise 60% in Jan More

Crude oil basket hits new high at $97/barrel
The country’s crude oil basket touched a new high on Friday at $97.16 a barrel. This was $1.74 up from a day earlier ($95.42 a barrel), and the highest for the current fiscal. The international crude prices had struck a record high in ... More

Car sales speed up in Feb, bikes slow down
Four-wheeler performance buoyed by individual models, exports More

ArcelorMittal working with Govt in energy sector
Is global steel giant ArcelorMittal diversifying into the energy sector, especially oil and gas? Asked this question, Mr Aditya Mittal, the Chief Financial Officer of the company said: “India is an energy-deficient country and we are ... More

Budget: The unfinished agenda
The importance of being India in the international domain, as the new gilt-edged “trillion-dollar economy,” was on Monday brought into sharp focus at a seminar here, against the backdrop of the Union Finance Minister, Mr P. ... More

Cement manufacturers’ body, nine others charged with cartelisation
New Delhi, March 3 In yet another blow to cement producers, MRTPC on Monday found Cement Manufacturers Association (CMA) and nine others including ACC and Birla’s Grasim Cement, guilty of having acted in concert to raise the price of ... More

`Exceptional circumstances called for alleviating measures'
The last Budget of the UPA Government and the seventh full-fledged Budget presented by the Union Finance Minister, Mr P. Chidambaram, for the next fiscal undeniably evoked bouquets and brickbats. It seemed an apt Budget for For a government in ... More

After the debt waiver, what?
Many commentators have hailed the Budget’s debt waiver scheme for farmers as an important measure in ensuring food security as much as a humanitarian gesture. There has been criticism too. Apart from the knee-jerk reaction by Opposition parties , there are calmer voices outlining serious concerns, which should be taken note of, says RASHEEDA BHAGAT. More

Day Trading Guide
The stock conclusively penetrated the 200-day moving average and tumbled on Monday. We recommend a sell in this counter. Infosys We are bearish in this counter in the short-term and maintain our sell ... More

TODAY'S PICK (Latest Audio: English | Tamil)
Century Textiles (Rs 757.80): Sell
We recommend a sell in Century Textiles & Industries from a short-term perspective. From the charts of this company, we note that it has been on a medium-term downtrend from its 52-week high of Rs 1,275 (marked on January 7). We also see ... More