The Hindu Business Line : Friday, July 25, 2008

Strong refining margins drive Reliance net up 13%
Bottomline growth, however, is lowest for several quarters. Mumbai, July 24 Reliance Industries’ net profit for the first quarter rose 13 per cent on higher revenues and strong margins from refining, its largest business. ...

Cabinet okays SBI, State Bank of Saurashtra merger
New Delhi, July 24 With the Left parties no longer in the picture and new allies coming into its fold, the UPA Government has been encouraged to take a legislative route to facilitate State Bank of India’s (SBI) acquisition of State ...

TODAY'S PICK (Latest Audio: English/Tamil)
MTNL (Rs 103.70): Buy
We recommend a buy in Mahanagar Telephone Nigam Ltd (MTNL) from a short-term perspective. It is evident from the charts of MTNL that from its 52-week high of Rs 219, the stock tumbled steeply during January 2008. This down-move continued until ...

Day Trading Guide
On Thursday, the stock tested the resistance level Rs 750 and formed a spinning top candlestick pattern, indicating indecisiveness. Avoid trading in this counter for the ...

IFCI, Emaar MGF in spat
Bone of contention is pre-IPO deal of Rs 50 cr. New Delhi, July 24 IFCI has taken Emaar MGF to court, alleging non-refund of Rs 50 crore invested by the financial instituion in a pre-IPO placement transaction with the real estate company. ...

RBI comes down on unsolicited credit cards
CUSTOMER-FRIENDLY. Mumbai, July 24 If you receive an unsolicited credit card, you can now make your bank pay for the inconvenience caused to you. ...

Inflation rate eases marginally to 11.89%
Wholesale Price Index of all commodities up at 239. New Delhi, July 24 The annual wholesale price index-based inflation rose 11.89 per cent during the week ended July 12, marginally lower than the previous week’s annual rise of 11.91 per ...

Strong subscriber base drives Airtel Q1 profits up
75.09 lakh new customers, highest in a single quarter. New Delhi, July 24 A massive increase in its subscriber base has enabled telecom major Bharti Airtel Ltd to record a 34 per cent rise in profit for the quarter ended June 30, 2008. ...

Clean up with technology
The G8 leaders flew in on personal jets… and talked of saving energy.. Just about everything that you need to do can be done with a dollop of technology. At least that is what the Japanese seem to think. Take the hotel room in Sapporo, ...

All-India rainfall figures fall into deficit
Thiruvananthapuram, July 24 For the first time this season thus far, all-India rainfall has fallen into deficit as per updated India Meteorological Department (IMD) statistics until July 23. ...

Oilseeds output may be lower by 20 lakh tonnes, says expert
Mumbai, July 24 India’s oilseeds crop may be lower by over 20 lakh tonnes during kharif 2008. This could lead to a reduction in the availability of oil; and if lower carry-in of rapeseed/mustard is also factored-in, the country’s ...