The Hindu Business Line : Wednesday, September 24, 2008

Mobile operators to pay for excess 2G spectrum
Bharti, Vodafone, Idea may have to cough up Rs 4,000 cr as one-time fee. New Delhi, Sept. 23 Mobile operators, including Bharti Airtel, Vodafone Essar and Idea Cellular, may have to cough up as much as Rs 4,000 crore each for having spectrum ...

Sensex down on volatile oil, liquidity crunch
Mumbai, Sept. 23 Mounting oil prices and tightening liquidity in the money market hit investor sentiment again on Tuesday when stocks declined across the ...

The Communication and ... TODAY'S PICK (Latest Audio: English/Tamil)
Jet Airways India (Rs 417.65): Sell
We recommend a sell in Jet Airways India from a short-term horizon. It is clearly visible from the charts of Jet Airways that after recording its life low at Rs 308 in early July the stock was on a medium-term uptrend till the September 8 high at ...

Day Trading Guide

Bank strike on as talks fail
New Delhi, Sept. 23 Nearly a million bank employees and officers are to strike work on Wednesday and Thursday as the conciliatory talks held here today between the Indian Banks’ Association (IBA) and the United Forum of Bank Unions ...

Ranbaxy faces heat from more countries
Canada, Germany turn on the screws; shares dip 11%. New Delhi, Sept. 23 Shares of pharmaceutical major Ranbaxy Laboratories hit an 18-month low on Tuesday as health and drug authorities of countries such as Canada and Germany have now begun to ...

BPCL venture to invest Rs 2,200 cr in bio-diesel project
Mumbai, Sept. 23 Bharat Renewable Energy Ltd, the joint venture promoted by Bharat Petroleum Corporation Ltd (BPCL), would invest around Rs 2,200 crore to produce bio-diesel from ...

Cos unlikely to take ECB route as spreads are high
Domestic credit seen more cost-competitive. Bangalore, Sept 23 With rising risk spreads domestic corporates are unlikely to access foreign currency funds, despite further liberalisation of external commercial borrowing (ECB) ...

EPFO can take back Rs 55,000 cr invested in special deposits
New Delhi, Sept. 23 The Ministry of Finance has proposed to the Ministry of Labour that the latter could take back the Employees Provident Fund Organisation’s (EPFO) investments in the Special Deposit Scheme (SDS) run by the ...

How terrible is the US financial crisis?
The patterns of globalisation that have emerged over the past 25 years are marked by three critical characteristics. The first is that capital has free mobility, and can move around the world today in nanoseconds, if need be. Even if that speed ...

‘Efforts to settle gas supply row with RIL were thwarted’
Anil Ambani takes dig at Petroleum Ministry. The ongoing row between the Ambani brothers once again resurfaced in public, at the Annual General Meeting of Reliance Natural Resources Ltd, where the Chairman, Mr. Anil Ambani, told his shareholders ...

US turmoil may not affect outsourcing
Major clients in Govt control; yet vendors sound upbeat. Bangalore/Chennai, Sept. 23 Regulatory intervention in US financial institutions such as American International Group (AIG), Freddie Mac and Fannie Mae to avert insolvency, is unlikely to ...

Sideways move in rupee
It has been a tumultuous period for all financial markets and the forex market was no ...

Feeble ‘low’ may see north-west dry up faster
Thiruvananthapuram, Sept 23 The feeble ‘low’ that has formed afresh in the North Bay of Bengal would once again help propel fairly widespread rainfall with isolated heavy falls over West Bengal, Sikkim and coastal Orissa. It ...

Nuclear projects: More policy changes needed
Dedicated team in place for foray: Anil Ambani. Mumbai, Sept. 23 For private sector investment in the nuclear arena the road ahead is long and it will take a minimum of eight to 10 years before the first private nuclear power project takes ...

Drugs supplied under US funded projects safe: Ranbaxy
New Delhi, Sept. 23 Ranbaxy Laboratories has said that all its medicines, including the AIDS drugs supplied to African countries under US government supported programmes, are safe and ...