The Hindu Business Line : Friday, May 29, 2009

Anand Sharma gets Commerce, Industry; Steel for Virbhadra
Kamal Nath moves to Highways; G.K. Vasan gets Shipping; Maran Textiles. New Delhi, May 28 Twelve days after sweeping the polls, the UPA Government has its 79 Council of Ministers in ...

L&T net profit up 3% at Rs 998 cr in March quarter
Company looks to Govt projects. Mumbai, May 28 Larsen & Toubro has reported a net profit of Rs 998.52 crore for the quarter ended March 31, 2009 which marks a three per cent increase from Rs 966.76 crore posted in the same period last year. ...

Mr A.M. Naik (left), Chai... TODAY'S PICK (Latest Audio: English/Tamil)
Tata Communications (Rs 499.4): Sell
We recommend a sell in the Tata Communications stock from a short-term trading perspective. It is evident from the charts of Tata Communications that it was on an intermediate-term uptrend from February support level of Rs 390 till the May ...

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Consultant confirms oil, gas in Reliance K-G blocks
Chennai, May 28 Petroleum consultant Gaffney, Cline & Associates Ltd has confirmed the presence of oil and gas in two offshore blocks in the Krishna-Godavari basin — D3 and ...

Bhatt explains why associate banks should pay royalty to SBI
Kolkata, May 28 The associate banks of State Bank of India might have to start paying royalty for using the State Bank logo by the end of ...

BSNL readies $10-b war chest for overseas buys
Scouting for consultant. New Delhi, May 28 Following moves by private telecom players to acquire international operators, State-owned Bharat Sanchar Nigam Ltd is readying a $10-billion corpus for its own global ...

SAIL likely to double capex up to Rs 10,000 cr
Q4 net dips 38% at Rs 1,487 cr. New Delhi, May 28 The Steel Authority of India expects to nearly double it capital expenditure to Rs 10,000 crore during this fiscal, said its Chairman, Mr S.K. Roongta. SAIL plans to borrow to the tune of Rs ...

Unleash oil sector reforms, now
Expectations from the new Government are running high as it settles down to business after the heat and dust of the elections and Cabinet formation. With the Left millstone no longer weighing him down, Dr Manmohan Singh is expected to move ...

Big ticket brands get ready to bat in T-20 World Cup
Ad rates lower than IPL with client specific deals. Mumbai, May 28 Big ticket brands that stayed away from IPL-2 are now readying to use the ICC Twenty 20 World Cup platform. With ESPN Star Sports offering relatively cheaper ad rates compared to ...

Multiplex association approaches Competition Commission against producers
Barely a week after the Centre notified specific provisions of the Competition Act, the Competition Commission of India (CCI) has received its first formal complaint. Multiplex Association of India has filed a complaint against the film ...

Recession blues: ISB now hires its own students
Hyderabad, May 28 The recession-hit students of Indian School of Business, who could not get job offers in campus placements earlier this year, have found a new employer — ISB ...

SBI group to step up infrastructure lending
Targets Rs 1 lakh crore this fiscal. Bangalore, May 28 Banking behemoth State Bank of India together with associate banks has targeted infrastructure lending of over Rs 1 lakh crore this ...

Satyam may downsize overseas operations, terminate lease contracts
Move to increase capacity utilisation, reduce overhead costs. Mumbai, May 28 A handful of the 105 offices and 30 delivery centres that Satyam Computer Services has worldwide may soon cease ...

Mainland weather lapses into pre-monsoon times
Thiruvananthapuram, May 28 Weather conditions seem to have reverted to pre-monsoon coordinates with a signature north-south trough (or wind discontinuity) reappearing along ‘the trunk’ of mainland ...