The Hindu Business Line : Friday, August 08, 2008

Govt may go ahead with BSNL IPO plan despite union protest
Plans listing in next 6 months; shares may be priced in Rs 300-400 range. New Delhi, Aug. 7 Despite opposition from the company’s employees union, the Government seems to be moving ahead on its plans to list State-owned telecom company ...

Inflation breaches 12% mark
Highest in over 13 years; Chief Statistician says prices have flattened. New Delhi, Aug. 7 Annual inflation, measured by the Wholesale Price Index, accelerated to 12.01 in the week ended July 26, the highest since April 1, 1995 and marginally ...

Dividend payment: Mr Alok... TODAY'S PICK (Latest Audio: English/Tamil)
Dish TV India (Rs 37.55): Buy
We recommend a buy in Dish TV India from a short-term perspective. It is clearly visible from the charts of Dish TV India that it had been on a medium-term downtrend between April and July (from a high of Rs 66 to Rs 26). After recording a 52 ...

Day Trading Guide

Zandu-Emami row: HC asks CLB to pass orders in 15 days
Zandu AGM scheduled for tomorrow adjourned. Mumbai/Kolkata, Aug. 7 The corporate tussle between ayurveda companies Zandu Pharmaceutical and Emami Ltd seems to have shifted to the Company Law Board. ...

MahaTransco to seek Govt approval for Rs 1,500-cr IPO
No final decision taken on size, timing. Mumbai, Aug. 7 The Maharashtra State Electricity Transmission Company Ltd (MahaTransco) proposes to enter the capital market with an IPO to raise around Rs 1,500 crore. ...

Q1 profits of auto parts makers take a beating
Impacted by forex loss, raw material prices. New Delhi/Chennai, Aug 7 Auto component industry witnessed a decline in net profits for the April-June quarter of the current fiscal even as their net sales grew at a healthy pace. An analysis of ...

Added weightage for cos offering maximum piped gas connections
To ensure reach across consumer segments. New Delhi, Aug. 7 To ensure that the benefits of gas finds in the country is available to the masses, the Petroleum and Natural Gas Regulatory Board (P&NGRB) has said that the companies offering ...

Dividend yield hopes buoy Indiabulls Securities
The stock of Indiabulls Securities has been attracting investors’ interest in the past one week. The stock jumped about six per cent to Rs 75.70 on Thursday and is up about 13 per cent in one week’s time.Trading volumes also ...

Revived monsoon trims rain deficit to 1%
Thiruvananthapuram, Aug 7 A second week of revived monsoon in the peninsula has managed to make some dent in the all-India rainfall deficit, assessed at one per cent till Wednesday (August 6). ...

‘Attrition at Satyam among lowest in industry’
Hyderabad, Aug 7 IT services provider Satyam Computer has managed to bring down its attrition rate to 11.5 per cent during 2007-2008, which is amongst the industry’s lowest, according to Mr B. Ramalinga Raju, Chairman of Satyam ...

Mamata open to talks on Tatas’ car plant issue
Work at Singur slows down. Kolkata, Aug. 7 The Trinamool Congress Chief, Ms. Mamata Banerjee, on Thursday said she had no objection in talking to anybody on issues related to the Tata Motor’s small car project in ...

Two-wheeler cos increase prices
New Delhi, Aug. 7 Two-wheeler companies have raised the prices across different models in the range of Rs 800-2,000. They have cited escalating raw material prices as reason for price increase. ...

More banks hike lending rates
Mumbai, Aug 7 Dena Bank has hiked benchmark prime lending rate by 75 basis points to 14.25 per cent from 13.5 per cent, with immediate effect. However, the bank has not increased interest rates for existing housing loans ...

Emerging markets to boost mobile sales: Gartner
Mumbai, Aug. 7 Worldwide sales of mobile phones are expected to rise by about 11 per cent to 1.28 billion units in 2008, riding on the back of increased demand in emerging countries. ...

NTC proposal to set up 7 new mills gets GoM panel nod
New Delhi, Aug. 7 The Group of Ministers (GoM) on textiles industry on Thursday gave its formal nod to the proposal of the National Textile Corporation (NTC) to go ahead with setting up 7 new mills, four to be directly run by NTC and another ...