The Hindu Business Line : Saturday, December 06, 2008

Govt cuts petrol price by Rs 5, diesel by Rs 2
LPG and kerosene left untouched. Call it a Christmas gift or ushering in a feel-good factor, the Government on Friday announced a cut in auto fuel ...

Pact signed for supply of Russian copters worth Rs 2,400 cr
New Delhi, Dec. 5 India is to receive 80 MI-17V-5 helicopters from the Russian Federation. An agreement for the supply of the helicopters, which industry expects to be a contract of around Rs 2,400 crore, was signed during the on-going visit ...

Landmark deal: Mr Vladimi... Mid & small-cap stocks outperform benchmarks
Realty, metal indices display firm trend. Mumbai, Dec. 5 The benchmark indices ended in the red this week, while mid-cap and small-cap indices showed relatively firm ...

NBFCs may get easier access to funds
Non-banking financial companies (NBFCs) may get some policy support from the Government and the Reserve Bank of India as part of the economic stimulus package slated to be unveiled on ...

SEBI: Ensure cos maintain security deposit with SEs
Mumbai, Dec. 5 The capital market regulator, Securities and Exchange Board of India, has asked stock exchanges to ensure that all listed companies maintain the mandatory security deposit with ...

Ashok Chavan is new Maharashtra Chief Minister
Mumbai, Dec. 5 Mr Ashok Chavan, Industries Minister of Maharashtra, is the new Chief Minister of the ...

Personal income-tax collections down 31% in November
Corporate tax collections too see a 41% slide. New Delhi, Dec. 5 The Centre’s personal income-tax collections were pegged at Rs 5,782 crore in November 2008, reflecting a 31.28 per cent decline over the collections of Rs 8,414 crore ...

Vendors hope to ride out the global auto crash
‘No cancellations of contracts; discretionary budget may see cuts’. Bangalore, Dec. 5 Notwithstanding the impending collapse of North American auto firms such as General Motors, Ford Motors and Chrysler, the Indian IT firms are ...

Lots of business, but little profit for call centres here
US MORTGAGE MELTDOWN. This seems to be the common complaint among the captains of BPO firms that provide third party collections and debt recovery services for clients in the banking and financial ...

‘I’ve never seen such a positive environment for renewable energy’
All energy is politically driven and politically regulated, says Vestas President & CEO. It has been a long day for Mr Ditlev Engel, President & CEO of leading wind turbine maker Vestas. He has been accompanying financial analysts to ...

Outdoor media, hoardings going vacant on poor market sentiment
Pruned ad budgets result in shorter, softer campaigns. Mumbai, Dec. 5 A few weeks ago, when your car zoomed across the neon-lit streets in Mumbai, there was a glitzy illuminated sign that promised you the comfort of a luxury apartment at an ...

PSBs play it safe with nostro accounts in US
Operations restricted to trade finance needs. Bangalore, Dec. 5 Public sector banks have now begun restricting their correspondent account balances to a handful of ...

Will Indian auto parts cos break into Japanese clubs?
Chennai, Dec. 5 The Japanese auto industry has begun exploring possibilities of sourcing components from ...

Carmakers offer discounts to clear stocks at retail end
New Delhi, Dec. 5 Automobile companies are all set to entice customers by offering them the best deals on cars. Having witnessed the sharpest drop in sales last month and a pile up of inventory at the retail end, companies and dealers ...

Markets this week
The Sensex opened on a positive note on Monday but changed direction and closed more than two per cent lower following a spate of bad news from the domestic economy and weak global equity markets. The Sensex ended 252 points down at 8,839 ...

Shift in bearing may cap Bay storm strength
Thiruvananthapuram, Dec 5 Thursday’s depression in the Bay of Bengal has intensified into a deep depression on Friday, just a churn away from being classified as a cyclone, but slight shift in coordinates could weigh in to alter ...