The Hindu Business Line : Wednesday, June 11, 2008

Tata Motors seeks to raise $1 b abroad
Mumbai, June 10 Tata Motors plans to raise $1 billion (Rs 4,300 crore) from the overseas markets, to meet its fund requirements, including for acquisitions. In a notice sent to its shareholders on Tuesday seeking their approval for the fund ... More

Archean group picks up stake in Senegal phosphoric acid co
Chennai, June 10 The Chennai-based Archean group, which has interests in ores and minerals, shipping and industrial chemicals, is all set to own a part of Industries Chimiques de Senegal (ICS), a company based in Senegal that produces ... More

Life insurance cos see value buying as FIIs exit
Domestic institutions buy Rs 2,989-cr equities in June so far More

Power from private source costs Karnataka Rs 14 a unit
Bangalore, June 10 Power from the GMR group-owned Tanir Bavi Power Company Ltd (TBPCL) cost Karnataka distribution companies a whopping Rs 14 a unit in the financial year 2007-08.In 2007-08, Karnataka drew only 521 million units of ... More

Rupee likely to decline in short-term
The shadow of crude oil continued to loom large over the forex markets. First, it was the hike in fuel prices in India that aided in propelling the rupee towards 43 again. Then it was the $11 spike in international crude prices last Friday, ... More

Brighter side of expensive oil
Indian inflation continues to march relentlessly upward, crossing 8 per cent for two weeks in a row. Last week’s hike in the administered prices of petroleum products could reflect in the data in the coming weeks. As it is, the ... More

Auto sales sustain momentum in May
Two-wheeler market sees signs of a turnaround More

Sun has to decide on Taro promoters’ stake this month
Co may want to avoid protracted legal wrangle More

Indian crude basket touches $132.69/bbl on Monday
New Delhi, June 10 Reflecting the surge in global crude prices of Friday, the Indian crude basket on Monday has touched a new high for the current fiscal at $132.69 a barrel, up $5.73 a barrel from Friday ($126.96 a barrel). Though the ... More

Print advertising grows 5% in Q1
Chennai, June 10 Print advertising volumes grew by 5 per cent during the first quarter of 2008 as against the same period in 2007, according to a survey by AdEx India.Newspapers accounted for 95 per cent share of the total print ... More

HP to launch touch-screen desktops in India soon
To strengthen presence in luxury segment More

Oilmeal exports gain on logistical advantage
Availability of containers to ship small lots also helps More

India employers most optimistic in hiring: Survey
More

TODAY'S PICK (Latest Audio: English/Tamil)
Great Eastern Shipping (Rs 429.75): Sell
We recommend a sell in Great Eastern Shipping Company from a short-term perspective. From the charts of the stock, we note that it was on a medium-term uptrend from its March 2008 low of Rs 311, till it recorded a peak at Rs 537 in late May. ... More

Day Trading Guide
In the last trading session, the stock declined penetrating the 21-day moving average. We retain our sell recommendation in this counter. L&TThe stock has formed a doji candlestick pattern in the last ... More

Several bank stocks hit 52-week lows
Investors exiting due to uncertainty over RBI move More

Monsoon eyes central India, northwest
Thiruvananthapuram, June 10 A vigorous phase of the monsoon on Tuesday saw it run up to more areas on the west coast and interior east India as two well-heeled weather systems to either side of the peninsula dictated weather over the region on ... More

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