The Hindu Business Line : Sunday, March 01, 2009

General elections spending could provide stimulus to economy
Total expenditure may be between Rs 15,000 cr and Rs 16,000 cr. The General Election related expenditure could impart a much-needed spending stimulus of about Rs 15,000-16,000 crore to the ...

Indian rupee stays more resilient in 2009
Slowing exports lead to currency depreciation. Even as the rupee hovers at a new lifetime low of Rs 51.1 to a dollar, did you know that the Indian currency has been among the more resilient in ...

Mr Prem Kumar Dhumal, Him... RIL-RPL merger: A dinosaur in the making
“We want a dinosaur that would fly.” Those were the words of a senior Reliance Industries (RIL) director addressing a group of presspersons visiting the company’s refinery in March 2006. “In terms of size,” ...

Govt, RBI sign new deal on market stabilisation scheme
New Delhi, Feb. 28 The Government and the Reserve Bank of India have entered into a memorandum of understanding (MoU) to amend an existing arrangement under the market stabilisation scheme ...

Union Bank, PNB cut rates on car, home loans
Mumbai, Feb. 28 Taking a cue from State Bank of India, Union Bank of India and Punjab National Bank on Saturday announced cuts in interest rates on car loans and home loans with effect from March ...

Buyers prefer to exchange old gold jewellery for new
IMPORT SUBSTITUTE. Chennai, Feb. 28 Looks to be barter time for buyers of gold. Consumers, reeling under surging prices of the yellow metal, are exchanging their old jewellery for ...

Chevron to exit RPL, paving way for merger
To offload 5% stake to Reliance Industries. Mumbai, Feb. 28 American oil major Chevron will exit from Reliance Petroleum (RPL) by selling its five per cent stake to Reliance Industries (RIL) which has a 70.38 per cent stake in the company. In ...

Index Outlook
The Government startled investors with fiscal stimulus – III and sops for exporters, less than ten days after announcing a no-frills interim budget. This afterthought did not impress the Indian stock markets that were already weighed ...

Reliance Regular Savings – Equity Fund: Sell
Investors in Reliance Regular Savings Equity Fund can contemplate paring their exposure to the fund, at least ...

Akruti City: Book profits
Investors in the stock of Akruti City (Rs 880) can consider booking profits by reducing their holdings in the stock. The steep surge in Akruti’s stock price (over 40 per cent between January 2009 and now) does not appear to be supported ...

Hindustan Dorr Oliver: Buy
Hindustan Dorr Oliver (HDO) is one of the few small-cap engineering companies that managed to weather the current slowdown by focussing on diversification of services and offering specialised technologies through overseas tie-ups. ...

Godrej Consumer Products: Buy
Investors can consider buying the stock of Godrej Consumer Products, now trading at Rs 127. The stock has not participated in any of the recent run-ups in the FMCG sector, due to a string of earnings disappointments from the company over the ...

Indian Overseas Bank: Hold
Investors can consider holding on to the stock of Indian Overseas Bank (IOB). Though the stock may carry limited downside risk, given the valuations, the stock may continue to underperform peers over the near ...

Pantaloon Retail India: Hold
Retail major Pantaloon Retail India, operating in both value and lifestyle retail, is among the preferred exposures in the Indian retailing ...

Duo of TCS-MMS win Ad Club-BL quiz hands down
Chennai, Feb. 28 A clinical performance right through by Mr R. Jayakanthan of TCS and Mr Gopal Kidao of Madras Metallurgical Services (MMS) saw the duo win the 11th edition of the Ad Club-Business Line quiz hands down, ...

Weekly News Round-up(Latest Audio:Enlgish/Tamil))
Soon after the close of market hours on Friday, Reliance Industries and its newly created refining behemoth, Reliance Petroleum threw a surprise, saying their boards would meet on Monday to consider amalgamation of RPL with the ...

2% incentive for garment, leather exports to EU, US from Apr 1
New Delhi, Feb. 28 Exports of garments and all leather items to the European Union and the US from April 1 this year will be entitled to a two per cent incentive from the ...