The Hindu Business Line : Saturday, May 03, 2008

Inflation hits 42-week high of 7.57%
New Delhi, May 2 Inflation rose to a 42-week high of 7.57 per cent in the 12 months to April 19, higher than the previous week’s annual rise of 7.33 per cent, largely on account of an increase in food, metal products and industrial fuel ... More

Cement realisations hit in Jan-March quarter
Mumbai, May 2 The Government’s measures to keep cement prices under check seem to have had a cascading effect on companies’ price realisations.Industry majors – ACC, Ambuja Cement and UltraTech – have reported a ... More

‘Price control has no place in free market’
Mumbai/Delhi/Chennai, May 2 The cement industry feels that moves to control prices have no place in a free market, even as the Centre is likely to meet industry representatives to discuss the issue of rising cement prices.Industry ... More

Ennore Port mulls IPO to raise Rs 800 cr
Money to fund expansion plans More

Wheat procurement tops target
Wheat procurement this year has exceeded the Centre’s target of 150 lakh tonnes (lt) within a month of the crop arrival this year.An official statement said the total procurement by various government agencies as on May 1 was ... More

There’s a spoke in the wheel at emerging auto-hub Chakan
The Maharashtra Government has been sitting on giving the final go-ahead for acquiring around 1,400 hectares of land at India’s own motor city Chakan for nearly a year, causing severe embarrassment to Maharashtra Industrial Development ... More

Basmati exporters upset over $200/t cess
The $200 a tonne (Rs 8,000 a tonne) cess on basmati rice exports imposed by the Finance Ministry is likely to affect shipments from the country, which is a major origin of the aromatic long grain rice.According to the President of All ... More

RBI, Fed keep stance
More

SBI plans to restructure international operations
‘Sub-prime crisis had little effect on overseas operations’ More

Airtel forms joint venture with IFFCO for rural rollout
Targets 55 million farmers with localised mobile content More

TRAI wants review of Wi-Max policy
Spectrum fee for broadband wireless may be raised More

MRF’s new unit to help double radial tyre capacity
Company investing Rs 900 cr in greenfield facility More

Corporate biggies keen to enter wine retailing
With the youth and connoisseurs showing greater inclination towards it, wine could soon emerge among one of the preferred beverages in the country. Already, it is being touted as a ‘fashion drink’, good for the health and is ... More

Stage set for induction of supercritical plant tech
Placement of bulk orders on BHEL cleared More

Sesa Goa outperforms its benchmark
Global scenario favourable to iron ore cos on rising prices More

Positive monthly sales numbers lift auto stocks
Bajaj Auto, TVS Motors, Hero Honda record higher sales for April More

Bombay Dyeing denies real-estate division hive-off
The stock of Bombay Dyeing has been gaining sharply in the last few days accompanied by increased volumes. The low delivery volumes were only adding to the speculative pressure in the scrip. The stock has gained 71.40 per cent ... More

Weekly Market round-up
The Markets opened the week on a flat note at 17,251.56 on Monday. During the course of the week Fed's decision to slash interest rates by 25 basis points, and pause on future rate cuts sent the US markets on a roller-coaster ride, but finally ... More