The Hindu Business Line : Friday, March 13, 2009

Inflation is down, but so is industrial output
January sees some growth
Turnaround in capital, consumer goods sectors. New Delhi, March 12 Industrial output showed a dip for the second month in a row, the decline being 0.5 per cent in January 2009. Led by a continuing downturn in the manufacturing and mining ...

Food items still costly
Prices of cereals, pulses, sugar up by over 10%. New Delhi, March 12 The annual Wholesale Price Index-based inflation dipped 60 basis points to a six-year low of 2.43 per cent. Food inflation, however, continued to hover around the double-digit ...

High speech connection: M... TODAY'S PICK (Latest Audio: English/Tamil)
IOC (Rs 405.30): Sell
We recommend a sell in Indian Oil Corporation from a short-term trading perspective. It is evident from the charts of Indian Oil Corporation that it was on an intermediate-term up trend from late October 2008 to mid February 2009 (from Rs 299 ...

Day Trading Guide

Three in race for Satyam stake
L&T, Tech Mahindra, Spice interested; board meeting today. Hyderabad, March 12 With the deadline for registering ending on Thursday, L&T, Tech Mahindra and Spice Corp have announced their intention to join the race to take a majority ...

E-registry of mortgaged homes on cards
IBA move could bring down housing loan frauds. Mumbai, March 12 In a bid to overcome the menace of home loan frauds, the Indian Banks’ Association (IBA) proposes to set up a committee to work out the modalities for establishing a central ...

Bharti Airtel tumbles 6.3% on CEO stake sale news
Kohli dismisses speculation of exiting company. New Delhi, March 12 Bharti Airtel’s share price slumped by 6.37 per cent on Thursday to close at Rs 550.30 on the Bombay Stock Exchange after the company’s Chief Executive Officer sold ...

TRAI moots 3-year lock-in for promoters’ equity in new telcos
Recommendations to have no impact on Unitech-Telenor deal. New Delhi, March 12 The Telecom Regulatory Authority of India (TRAI) on Thursday said promoters of new telecom companies should be asked to give the Government 50 per cent of the ...

Import growth continues to show downward trend in Feb
New Delhi, March 12 Quick estimates of foreign trade figures for the month of February 2009 show that import growth rate decline continued for the second month in succession by close to 19 per cent in dollar terms, following an 18 per ...

Wheat growing areas may receive rainfall next week
Thiruvananthapuram, March 12 The Climate Prediction Centre (CPC) of the US National Weather Services sees renewed western disturbance activity over northwest India from mid-week next ...

Delhi HC rejects petition on Satyam
New Delhi, March 12 The Division Bench of the Delhi High Court on Thursday rejected a Public Interest Litigation (PIL) filed by Mr Manohar Lal Sharma, who claims to be a shareholder of Satyam Computer ...

TCS asks 1,300 employees to leave
Mumbai, March 12 Around 1,300 employees of Tata Consultancy Services will resign from the company following a routine bi-annual performance appraisal. The employees being asked to leave will constitute around one per cent of the total ...