The Hindu Business Line : Wednesday, February 04, 2009

SC allows SEBI to quiz Raju brothers for 3 days
Market regulator says it has competence and expertise to probe securities fraud. New Delhi, Feb. 3 The Supreme Court on Tuesday allowed the Securities and Exchange Board of India to interrogate in prison Mr B. Ramalinga Raju and Mr B. Rama Raju, ...

The line of probe
SEBI’s interrogation of the Raju brothers will be based on the investigations already carried out by the regulator, and on Mr Ramalinga Raju’s own confessional ...

Cabine... TODAY'S PICK (Latest Audio: English/Tamil)
Aditya Birla Nuvo (Rs 451.10): Sell
We recommend a sell in Aditya Birla Nuvo from a short-term trading perspective. It is apparent from the charts of the stock that it has been on an intermediate-term downtrend from its August 2008 peak of Rs 1,422. Moreover, the stock has been on ...

Day Trading Guide

Highest bid may be benchmark for Satyam open offer price
SEBI sees it as best option to counter criticism. Mumbai, Feb. 3 The highest quote in any competitive bid for Satyam Computer could be used as a benchmark for determining the open offer price for the company. It is reliably learnt that this is ...

Direct tax mop-up short of target by Rs 1 lakh cr
Mumbai, Feb. 3 The direct tax collections as of date are short by around Rs 1 lakh crore of the target set for the current financial year, said Mr S.S.N Moorthy, the newly appointed Chairman of Central Board of ...

MFs see highest inflows since crash
Mumbai, Feb. 3 The asset base of the mutual fund industry rose 9.4 per cent in January, recording the highest growth since the start of the market fall 12 ...

Shilpa Shetty, partner pick stake in Rajasthan Royals
BOLLYWOOD-IPL BANDWAGON. Mumbai, Feb. 3 Bollywood star Shilpa Shetty and UK-based entrepreneur Raj Kundra together picked up a 12 per cent stake in Rajasthan Royals, the winner of the inaugural Indian Premier League (IPL) ...

Banks witness fall in low-cost deposits’ share in Dec quarter
Fallout of retail investors shifting to fixed deposits. Mumbai, Feb. 3 Most banks saw a fall in the ratio of low-cost deposits to total deposits in the December-ended quarter. The higher interest rates on term deposits and the unpredictable ...

Balanced funds outpace equity funds in choppy markets
Birla Sun Life Balance leads list, ICICI Pru Child Care worst hit. Balanced funds have managed to fare better than pure equity funds for a three-year period, thanks to their ability to contain declines in NAVs ...

Cipla export consignment too seized at Amsterdam
On grounds of patent infringement. Mumbai, Feb. 3 It is not just drug makers Ind-Swift and Dr Reddy’s Laboratories’ export consignments that were confiscated by Customs authorities in Amsterdam in the last three-odd months on the ...

Educomp to work with Govt to prove credibility
To appoint Grant Thornton as internal auditor. New Delhi, Feb. 3 Education solutions provider Educomp Solutions Ltd has said it will work with the Government and regulators to prove the company’s credibility. The company also said it will ...

Google rolls out ‘Internet Bus’
Campaign to cover 15 TN towns, to provide Net experience to people not exposed to tech. Chennai, Feb.3 Google India has launched an Internet Bus, a mobile campaign aimed to reach out to people in tier II and III towns with limited knowledge and ...

‘Narrow’ banks: An idea whose time has come?
Some years ago, the concept of a ‘narrow’ bank was widely discussed in policy-making, academic and market circles. One would have thought that in current times when the entire spectrum of commercial banks, investment banks, ...

Rupee meanders sideways
The rupee remained glued to its short-term trading range against the dollar. Interestingly, some of the other emerging market currencies such as Thai Baht, Brazilian Real and Korean Won are mimicking the rupee movement over the last two ...

Flagging demand, mounting debt dent realty numbers
The real estate sector’s woes came to a head in the December quarter. The 22 listed realty players actively traded in the market reported a 59 per cent decline in sales and 69 per cent fall in profits for the quarter ended December ...