The Hindu Business Line : Friday, December 05, 2008

Ministry agrees to refund Reliance Comm Rs 112 cr
On company surrendering dual technology approval in six circles. New Delhi, Dec. 4 In an unprecedented move, the Communications and IT Ministry has agreed to refund about Rs 112 crore to Reliance Communications (RCom), which the company had paid ...

Stimulus package hopes push Sensex up 482 points
Realty, metal, capital goods indices gain most. Mumbai, Dec. 4 The benchmark indices surged on Thursday sparked by a drop in the domestic inflation rate, and expectations of a stimulus package from the Government to boost ...

Legislation soon: Dr Anil... TODAY'S PICK (Latest Audio: English/Tamil)
Venus Remedies (Rs 214.50): Buy
We recommend a buy in Venus Remedies stock from a short-term perspective. It is evident from the charts of Venus Remedies that it was on an accelerated medium-term downtrend from its September high of Rs 400 to its 52 week low of Rs 143 ...

Day Trading Guide

HC ruling on Vodafone to enable I-T Dept to look at similar deals
TDS amount in Vodafone case estimated at close to $2 billion. New Delhi, Dec. 4 The Income-Tax Department estimates that tax deducted at source (TDS) amounting to about $ 2 billion had not been paid to the exchequer in the $ 11.2-billion ...

IT industry growth may halve to 15% this fiscal: Infosys
New Delhi, Dec. 4 The country’s second largest IT services company Infosys Technologies said on Thursday that the growth rate of overall Indian IT and ITES sector may slow down to about 15 per cent this fiscal, compared with about 30 ...

Auto dealers put brakes on despatches from companies
MOUNTING INVENTORY. New Delhi, Dec. 4 As retail auto sales nosedive and stock levels keep rising, many of the automobile dealers are asking companies to halt their despatches ...

Air India’s joint venture plan referred to panel
New Delhi, Dec. 4 A proposal to allow National Aviation Company of India Ltd (NACIL) to set up joint venture companies with Singapore Airport Terminal Services Ltd has been referred to the Committee of ...

Cheaper fuel pulls down inflation rate to 8.4%
Wholesale Price Index of all commodities at 233.7. New Delhi, Dec. 4 The annual Wholesale Price Index-based inflation rose 8.4 per cent for the week ended November 22, lower than the previous week’s annual rise of 8.84 per ...

24/7 Customer sees rise in volumes
‘Cost rationalisation will lead to more outsourcing’. Bangalore, Dec. 4 Business process outsourcing company 24/7 Customer expects increase in volumes over next two to three quarters as clients seek to push work to low cost ...

Terrorism, meltdown and fiscal chastity
Let there be no mistake about it. India is a country at war — a war on terrorism and a war dealing with the global financial meltdown. These wars have to be fought effectively and expeditiously and there are unavoidable costs as ...

Punj Lloyd signs pact with Thorium Power of US
For building nuclear power plants. Punj Lloyd Ltd will form a 50:50 joint venture company with US-based Thorium Power Ltd for building nuclear power ...

As inflation falls, RBI is shifting focus to growth
Rate cut is a key tool, not the only tool: Subbarao. Hyderabad, Dec. 4 The Reserve Bank of India (RBI) is shifting its policy focus to growth, moving away from measures directed at curbing the inflation, according to Dr D Subbarao, ...

Essar Oil plans Rs 4,000-cr LNG terminal in Gujarat
In talks with HPCL for possible equity participation. Mumbai, Dec. 4 Essar Oil Ltd, part of the Essar conglomerate, is planning to expand its business portfolio by dipping into the growing LNG terminal business ...

Cross margining may help arbitrageurs
No immediate volume boost. The Securities and Exchanges Board of India’s move to extend cross-margining facility to all categories of market participants across the cash and derivative segments is beneficial to arbitrageurs and brokers. ...

SEBI extends validity period of IPOs, rights to one year
Curbs early exit from close-ended schemes. Mumbai, Dec. 4 Indian companies will now have one year’s time to launch their IPOs or rights issues after their draft prospectus has been cleared by ...

Rlys to use RFID for physical efficiency test during recruitment
Expected to avoid human intervention and have transparency. Chennai, Dec. 4 For the first time in India, the use of RFID (radio frequency identification)-based technology is being planned to replace manual conduct of ‘physical efficiency ...

Taj family prays for its loved ones
Mumbai, Dec. 4 A week after the Taj Group of Hotels’ flagship, Taj Mahal Palace & Tower in Mumbai, was under siege from gunmen, the hotel group held a memorial meeting to condole the demise of its 11 staff members who lost their ...

Trident to open from Dec 21; top security measures on cards
‘Additional security to be provided to all properties’. Mumbai, Dec. 4 The Oberoi Group, which will throw open the Trident to the public on December 21, is taking all steps to ensure the security of its guests, employees and ...

Were the gunmen on drugs for sustained energy?
Mumbai, Dec. 4 Were the gunmen who held Mumbai under siege for about 60 hours on amphetamine drugs that stimulate the central nervous ...