The Hindu Business Line : Friday, December 12, 2008

PSU banks set to offer cheaper, easy home loans
Package for small, medium sector also on cards. New Delhi, Dec 11 Home loan borrowers looking for finance of up to Rs 20 lakh are likely to see a slew of concessions coming their way in the next few days. State-owned banks are close to ...

PM urges closer cooperation between telecom operators, security agencies
Govt working on initiatives to improve telecom sector. New Delhi, Dec. 11 The Prime Minister, Dr Manmohan Singh, on Thursday said that the Government was working on a number of policy initiatives for taking the telecom sector to the next level ...

3G call: The Prime... TODAY'S PICK (Latest Audio: English/Tamil)
MRPL (Rs 37.65): Buy
We recommend a buy in Mangalore Refinery and Petrochemicals (MRPL) from a short-term trading perspective. It is evident from the charts of MRPL that it had been on an intermediate-term downtrend from its April peak of Rs 109 to the December ...

Day Trading Guide

Reliance-RNRL case: Govt withdraws 4 affidavits
Stand on pricing of KG gas unchanged, says Govt. Mumbai, Dec. 11 The Union Government’s stand on the pricing of gas from Reliance Industries’ KG basin at $4.20 per mmbtu remains unchanged, said the Additional Solicitor General, Mr ...

Global auto majors accelerate pace of sourcing components from India
New Delhi, Dec. 11 The cost pressures building up for global auto companies during the current economic slowdown could well be an advantage for India. Those who have been using the country as their component sourcing base say that they will ...

Union Bank chalks out revamp package for SMEs
100 specialised branches for small, medium sector. State-owned Union Bank of India has decided to throw a lifeline to distressed micro, small and medium enterprises (MSMEs) facing the brunt of the domestic and global economic ...

Markets downturn hits insurance cos collections
Slide in LIC’s collections drags down overall growth. BL Research Bureau The continuous downturn in equity markets and severe correction since October seems to have finally hit the collections mopped up by insurance companies. At the start ...

Progress in ongoing steel projects coming to a halt
New Delhi, Dec. 11 The big players of the Indian steel industry appear to have virtually given up on their target to achieve a combined capacity of over 85 million tonnes (mt) of finished steel by ...

MRPL 3rd phase to be delayed by 15 months
Cost of project will go up by Rs 4,469 cr. Mangalore, Dec. 11 The phase III expansion project of Mangalore Refinery and Petrochemicals Ltd (MRPL) will now cost Rs 4,469 crore more and will be delayed by 15 ...

‘A chance in 5,000 years’
Your book talks about the tremendous opportunities before Indians, and English capability giving hope to young Indians even from disadvantaged groups. But with a principal character of the Indian Mujahideen turning out to be a techie ...

PE funds turn their back on new infrastructure projects
Fallout of massive tightening of global liquidity. Bangalore, Dec. 11 Debt funding for new infrastructure projects is facing bottlenecks with private equity (PE) funds exiting from ...

Inflation rate drops to 8% on cheaper food items
Wholesale Price Index of all commodities at 233.6. New Delhi, Dec 11 The annual Wholesale Price Index-based inflation rose 8 per cent during the week ended November 29, lower than the previous week’s annual rise of 8.40 per cent, ...

Infrastructure growth slows down to 3.4% in Oct
New Delhi, Dec. 11 The infrastructure sector slowed down further in October with the index for the six core sector industries posting a growth of 3.4 per cent against 4.6 per cent in the corresponding period ...

Forrester cuts outlook for US tech purchases
Sees sharp decline in demand for consulting and systems integration. Bangalore, Dec.11 Forrester Research cut its forecast for the US IT spend in 2008 and 2009, and said even though outsourcing growth would be moderate, demand for services such ...

Banks to fund large wind farm projects based on cash flows
It will result in project sizes increasing. Chennai, Dec. 11 With more multi-national companies looking at setting up large wind farms, banks are now prepared to fund these projects based on their cash flows rather than take recourse to the ...

Foreign investment banks see a gloomy 2009
Slowing corporate growth, general election to impact. Mumbai, Dec. 11 The pressure on Indian equities is likely to continue in the first half of 2009 with the outlook for corporate profits in the coming quarters remaining gloomy as growth slows ...

Heinz waves study report to prove ‘superiority’ over Horlicks
Mumbai, Dec. 11 Taking the malted drinks battle between Horlicks and Complan to the next level, Heinz, the makers of Complan, has conducted an independent research to prove the superiority of its brand over Horlicks to justify its ...

PSUs central to generation programme
It was a homecoming of sorts for Mr Jairam Ramesh, when he took charge as the Minister of State for Power in April this year. He had worked at Shram Shakti Bhawan nearly 25 years ago as part of the Advisory Board on Energy headed by ...