The Hindu Business Line : Saturday, February 07, 2009

What recession? Pietersen, Flintoff hit $1.55-m jackpot
Lalit Modi says slowdown will not have impact on IPL season. Mumbai Feb. 6 Former England cricket captains Kevin Pietersen and Andrew Flintoff hit recession for a six in Goa ...

Now, imports too in the negative
Down 16% in Jan at $18.9 b; trade deficit tops $100 b in Apr-Jan. New Delhi, Feb. 6 Imports in January this year fell by 16 per cent over the same month the previous year, in line with the 22 per cent decline in exports during the month, ...

Boosti... LIC hikes stake in banks
Private insurers too show interest in the sector. Mumbai, Feb. 6 Banking stocks were a favoured investment option for insurance companies, especially Life Insurance Corporation of India, during the ...

Ambuja Cement net down 21 pc
Power and fuel costs jump 30%. Mumbai, Feb. 6 Ambuja Cement on Friday reported a drop of 21 per cent in net profit at Rs 1,402 crore in the year ended December 2008, against Rs 1,769 crore recorded the previous ...

6 shortlisted for managing citizen pension fund
UTI top bidder, LIC priced out. Mumbai, Feb. 6 Three private sector groups – Reliance (ADAG), ICICI and Kotak Mahindra – are among the six bidders shortlisted by the Pension Fund Regulatory & Development Authority (PFRDA) for ...

‘RBI should go back to appointing auditors for banks’
New Delhi, Feb. 6 Appointment of external auditors for bank audits continue to be mired in ...

Airline Web sites offer the best bet in fares
THE RIGHT DEAL. Mumbai, Feb. 6 If you thought you were getting the best bargains for air travel on portals like Cleartrip, Yatra, Makemytrip and so on, think again. This may seem tough to believe but airline Web sites are actually offering the ...

Satyam probe: More entities under SFIO lens
Authority to look into diversion of funds. New Delhi, Feb. 6 Price Waterhouse (Bangalore) and over 350 entities linked to Satyam Computer Services Ltd have now come under Serious Fraud Investigations Office (SFIO) scrutiny. The Minister for ...

Can a vote on account alter tax rates?
New Delhi, Feb. 6 Can the Government change the rates of taxation in a request for a vote on account? The question has arisen following the statement made by Mr P. Chidambaram, former Finance Minister, that there is no constitutional bar to ...

Demand for home loans continues to be passive
Reduction in interest rate alone may not drive demand, say bankers. Hyderabad, Feb. 6 Banks are yet to witness any tangible increase in home loan demand even as the interest rates are on a ...

General insurers keep away from corporate debt paper
Bangalore, Feb. 6 Public and private sector general insurers are staying away from corporate debt paper despite the high yields on ...

ONGC rules out divesting MRPL stake to HPCL
‘HPCL already has equity in the project’. Mumbai, Feb. 6 Oil and Natural Gas Corporation (ONGC) is categorical that it will not divest any part of its stake in Mangalore Refinery & Petrochemicals (MRPL) to Hindustan Petroleum ...

Sales boost for cement stocks
‘Cut in excise duty could lead to gains on margin front’. Kolkata, Feb. 6 Cement stocks have shown tentative signs of revival after the third quarter ...

Markets this week (Latest Audio:English)
The week began with heavy selling by financial institutions and profit-booking by operators, with the result the Sensex tanked 357 points and closed at 9067. The Nifty lost 108 points and ended ...