The Hindu Business Line : Thursday, April 16, 2009

Infosys forecasts decline in earnings in the year ahead
Reports 29% rise in Q4 net profit, 1.7% fall sequentially. Bangalore, April 16 The impact of the economic meltdown on the country’s technology sector became more pronounced after Sensex bellwether Infosys Technologies Ltd reported its ...

Sensex goes past 11,000 after a gap of six months
Mumbai, April 15 Despite IT bellwether Infosys showing negative profit growth for the first time in a decade, the Sensex and the Nifty surged to a six-month high with three per cent gains ...

Challenging times: TODAY'S PICK (Latest Audio: English/Tamil)
Jubilant Organosys (Rs 120): Buy
We recommend a buy in Jubilant Organosys stock from a short-term horizon. It is evident from the charts of Jubilant Organosys that after encountering resistance at Rs 380 in August 2008, it witnessed sharp sell-off. The stock was on ...

Day Trading Guide

Daimler to go it alone for truck biz in India
To pay Rs 105 crore for 40% Hero stake. Chennai, April 15 Daimler AG will buy out the Hero group’s stake to go it alone in the trucks business ...

LIC dissents at Pfizer AGM over MD’s salary
It would have been business as usual at multinational drug-maker Pfizer’s annual shareholder meeting, but for a dissenting LIC representative who opposed two enabling proposals to increase the salary of the managing director and ...

Satyam: Broking firms divided on Tech Mahindra’s wisdom
Mumbai, April 15 Broking firms are divided over Tech Mahindra`s wisdom in acquiring a majority stake in Satyam Computer Services for Rs 58 ...

Rupee struggling to breach 50(Latest Audio:English/Tamil)
The positive correlation between Sensex and rupee is growing stronger every day. Rupee can appreciate further only if Sensex sustains its current up-trend that is already 5-week old. A correction in equities will of course reverse the direction ...

Selling dreams just got harder
With campaigning in full swing, political parties are using all the communication media at their disposal to get their message out.. The story is told of a man who promised clean, bottled mountain air by mail order to the residents of Toronto ...

Infosys freezes wage hikes, hiring
Bangalore, April 15 Sensing a tough year ahead, Infosys Technologies has decided to freeze wage hikes and hiring for fiscal 2010 and maintained that it would honour all campus offers made ...

Five stocks make for 50% of Sensex’s rally
Reliance Industries alone accounted for 24%. BL Research Bureau Just five stocks from the Sensex-30 basket contributed to one-half of the 3000 point rally of the benchmark index from its March 9 ...

‘Mayawati will be the biggest loser in UP’
Recently in Lucknow One of Bharatiya Janata Party’s senior UP leaders, Mr Lalji Tandon, is seeking election from Lucknow, the constituency that returned his confidante, the former Prime Minister, Mr A. B. Vajpayee, ...

‘Clients don’t have a firm number to spend’
Bangalore, April 15 For the first time Infosys forecast a de-growth in its dollar term earnings for the fiscal year ahead. Pricing pressure coupled with decline in volumes and a lack of clarity on the clients’ technology spends ...

Analysts advise caution as 737 stocks hit upper circuit
Chennai, April 15 Analysts caution investors even as 737 stocks hit the upper circuit on the BSE on Wednesday. This is one fourth of the total stocks that were traded on the BSE however, very few of these were from the ...

Will Sri Lanka issue shape voter preference in Tamil Nadu?
Chennai: Tamil Nadu has had nine general elections from 1984 to 2006. Barring 1991, in the aftermath of the assassination of Rajiv Gandhi in Sriperumbudur during the election campaign, the Sri Lankan Tamils issue has not been ...

Cyclone over Bay may skip Indian coast
Thiruvananthapuram, April 15 The Bay of Bengal is currently playing host to 01B, a ‘numbered tropical cyclone’ and a gust away from being formerly ‘named’ as a tropical ...

How Raju, his associates generated false invoices
CBI cross-checks reveal most receipts were fake. Hyderabad, April 15 Mr B. Ramalinga Raju, the former Chairman of Satyam Computer Services and A1 in the Rs 7,136-crore fraud, had allegedly generated 7,561 false invoices to show a non-existent ...

Formidable challenges ahead for Infosys
Pricing declines worrisome. BL Research Bureau Infosys has reported its first sequential profit decline in several years, buckling to pressures from the global economic slowdown and cost pressure on clients. It has also provided a fairly sombre ...