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‘Health’ talks lift gloomy market
Sensex closes 2% higher after opening sharply lower. Mumbai, Sept. 30 Domestic equities that opened sharply lower on Tuesday following the failure of the US financial bailout package, bounced back on reassurance from the financial ...
Chidambaram, Bhave calm investor nerves
New Delhi, Sept. 30 Indian stock market indices on Tuesday bucked global slide in stock prices, thanks to the unequivocal assurances from the Union Finance Minister, Mr P. Chidambaram, and the SEBI Chairman, Mr C.B. ...
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Tata’s Advinus Therapeutics in drug development deal with J&J arm
To receive $247 m milestone payments on novel targets. Mumbai, Sept. 30 Three-year-old Advinus Therapeutics, a Tata group company, has entered into a drug development collaboration with Johnson and Johnson subsidiary, Ortho-McNeil-Janssen ...
Have a smoke-free electronic cigarette!
BEAT THE BAN. Mumbai, Sept. 30 Smokers can now light up in public places and yet, not attract Union Health Minister, Dr Anbumani Ramadoss’ ire, thanks to electronic-cigarettes finding their way into local ...
SAIL, L&T in pact for power plants
New Delhi, Sept. 30 State-owned Steel Authority of India Ltd (SAIL) said here on Tuesday it had signed a memorandum of understanding with engineering and construction major, Larsen & Toubro Ltd, for jointly setting up power ...
IT budgets may shrink by a fifth in BFSI sector
Forrester sees more spending on compliance issues. Bangalore Sept. 30 IT spending by global financial institutions may shrink by a fifth in 2009 as large entities such as Bear Stearns, Lehman Brothers, Merrill Lynch and Wachovia Corp become ...
High cost of oil widens current account deficit
Growth in invisibles helps offset negative balance of trade. Chennai, Sept. 30 High cost oil widened the current account deficit or the gap between imports on the one hand and exports and ‘invisible’ earnings (comprising software ...
ICICI Bank has sufficient liquidity, says RBI
Mumbai, Sept. 30 ICICI Bank has sufficient liquidity, including in its current account with the Reserve Bank of India, to meet the requirements of its depositors, the RBI said in a ...
A night that kept ICICI customers, officials on tenterhooks
ATM WITHDRAWALS. Hyderabad, Sept. 30 “ICICI ka kaam hogaya! Hamara paisa milega yah ...
Rupee near key support
As the credit and financial market turmoil raged on and one titan after another in the financial sector was taken over or nationalised, the rupee resumed its downward ...
No light at the end of tunnel
My article “Capitalism’s foul odour — Free market becomes free-for-all” (Business Line, February 15, 2002) was written in the context of Enron sinking like the Titanic without trace, dragging with it ...
RCom plans SEZ at Mumbai campus
Mumbai, Sept. 30 Reliance Communications has embarked on a Rs 1,000-crore project to develop part of its 132 acre campus near Mumbai as a special ...
‘Recovery may have come as a surprise’
Kolkata, Sept. 30 A crisis management of sort worked on the Dalal Street on Tuesday even though Wall Street was yet to find a short-term solution to the long-term ...
Low demand from fertiliser sector to hit spot LNG
Further meltdown in naphtha price may create pressure. Kolkata, Sept. 30 Come October and Gujarat may face sharp drop in demand for spot LNG from the fertiliser sector, which is one of the largest buyers of gas contributing approximately 25 per ...
Oil cos cut aviation fuel prices by 5.42%; fares unlikely to come down
Mumbai, Sept. 30 The Indian oil marketing companies have cut aviation turbine fuel (ATF) prices by 5.42 per cent on Tuesday. However, this is unlikely to result in any decrease in either fuel surcharges or basic fares offered by the ...
Under ASCI scanner, HUL withdraws three TV commercials
The ASCI (Advertising Standards Council of India) has hauled up Hindustan Unilever Ltd (HUL) and made the FMCG major discontinue three of its TVCs (television commercials) for its Lux, Fair & Lovely and Red Label Natural Care Tea brands ...
Wet spell over east as cyclonic whirl persists
Thiruvananthapuram, Sept 30 The withdrawing monsoon failed to make much headway from Monday’s position what with an upper air cyclonic circulation hovering above Bihar and adjoining Jharkhand offering some ...
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