The Hindu Business Line : Saturday, October 04, 2008

Tatas pull out of Singur; to look at Nano relocation
The decision has shattered many dreams that we had: Ratan Tata. Kolkata, Oct. 3 Tata Motors on Friday took the “extremely painful” decision to pull its Nano project out of Singur in West Bengal. The company’s decision was ...

Banks to get interest for delayed return of farm debt waiver sums
New Delhi, Oct. 3 The Centre has decided to pay interest of Rs 3,872 crore to banks and other lending institutions for staggered settlement of their reimbursement claims under the farm debt waiver and debt relief scheme. This was stated by ...

‘Extremely painf... FII selling drags Sensex down 530 points
Heavy selling by foreign institutional investors (FIIs) drove the benchmark index down by four per cent on ...

Emami ups open offer price for Zandu to Rs 16,500 a share
Kolkata, Oct. 3 Emami, along with four PACs (persons acting in concert), has revised the open offer price further upwards by 10 per cent to Rs 16,500 for acquisition of a Zandu Pharmaceuticals Works share with a face value of Rs 100 each. ...

B-schools anticipate slump in offers
MELTDOWN IMPACT. New Delhi, Oct. 3 Business schools anticipate a reduction in recruitment this coming placement ...

McLeod Russel set to buy Vietnamese tea company
First overseas buy at $7 m, to be made through UK subsidiary Borelli. Kolkata, Oct. 3 McLeod Russel India Ltd is set to clinch an acquisition overseas — a long cherished dream of the company. It has decided to acquire 100 per cent equity ...

Mutual funds’ asset base slips 2.8% in September
‘FMPs continue to attract investments’. Mumbai, Oct. 3 Mutual funds could not sustain the marginal growth in assets in August and recorded a decline of 2.76 per cent in assets under management (AUM) during September. AUM by mutual ...

Daiichi Sankyo-Ranbaxy deal gets Govt clearance
Ranbaxy shares climb 4.8% on BSE. New Delhi, Oct. 3 The Government on Tuesday approved Daiichi Sankyo Co Ltd’s plan to buy a controlling stake in Ranbaxy Laboratories Ltd for up to $4.6 ...

Inflation rate drops on cheaper agri products
Wholesale Price Index of all commodities at 241. New Delhi, Oct. 3 Inflation slowed to a 13-week low after remaining above the 12 per cent mark for 12 straight weeks. The annual Wholesale Price Index-based inflation rose 11.99 per cent in the ...

Linking farms and corporates
INCLUSIVE GROWTH. Chennai, Oct 3 There have been some splendid examples of what happens when those living at the very beginning of the process of value addition meet collaborate with those living at the very end. The results are ...

Lehman contracts: 5 vendors face uncertainties
Cure amount assigned to 10 other service providers. Mumbai, Oct. 3 There is a question mark over the fate of several ongoing contracts between Lehman Brothers and five Indian technology ...

Slowing Chinese demand spells bleak future for steel
Mumbai, Oct. 3 The deterioration in global macro-economic conditions suggests a weakening demand environment for metals through the remainder of ...

No scale-back of growth plans: Scope
‘Our concentration is on emerging markets, Asia’. Chennai, Oct.3 Scope International, the wholly owned subsidiary of Standard Chartered Bank, UK, began BPO operations for the group in 2001. In seven years, Scope has grown to over ...

Smoking ban spurs firms on to diet versions, candies
ITC may not feel the impact of drop in cigarette sales. Mumbai, Oct. 3 From diet cigarettes to mouth fresheners, cigarette manufacturers such as GTC Industries Ltd and Godfrey Philips are venturing into new products, anticipating a dip in sales ...

‘Pull-out unlikely to hit Tata Motors’ stock valuations’
Decision to move out ends uncertainty, say analysts. Mumbai Oct. 3 Mr Ratan Tata’s announcement on Friday evening that Tata Motors is driving Nano out of Singur in West Bengal and relocate the plant elsewhere has ended a long period of ...

Markets this week
News that the global financial turmoil, triggered by the ongoing US financial crisis, is now pushing the hallowed institutions in Europe and the UK against the wall sent the Sensex plunging to an 18-month low on Monday, to a sub-13,000 close. ...

Monsoon withdrawal may be disrupted again
Western disturbance likely middle of next week. Thiruvananthapuram, Oct 3 An incoming western disturbance is set to join an existing network of cyclonic circulations straddling the north and south of the country to decide on localised weather ...