The Hindu Business Line : Saturday, May 30, 2009

WEB EXTRAS

CREDIT RATING: Q4 GDP growth brings cheer
New Delhi, May 29 The Indian economy logged a better-than-expected 6.7 per cent growth in 2008-09 despite the global financial meltdown adversely impacting its output in the second-half of the fiscal year under ...

OUTLOOK: Govt to consider freeing petrol, diesel prices
Cabinet decision on the issue likely in 6 weeks: Deora. New Delhi, May 29 The Government will consider deregulating petrol and diesel prices, Mr Murli Deora, said on Friday after taking over as Minister of Petroleum and Natural Gas for a second ...

COURTS/LEGAL ISSUES: Transfer of capital asset
In CIT vs Grace Collis, the Supreme Court held that “the definition of ‘transfer’ in Section 2(47) of the Act is an ‘inclusive’ definition and, therefore, extends to events and transactions which may ...

COURTS/LEGAL ISSUES: Depreciation on intangibles
Gone are the days, where the assets of a company would typically include tangible assets (or so to say traditional assets) such as plant, building, furniture, office appliances, etc. In the present day business environment, intangibles ...

OUTLOOK: I-T with a human face
The income-tax law is a nightmare as much for tax-evaders as it is for honest taxpayers. In the event, it is demonised by both. While it should remain a demon for tax-evaders, it should acquire a human face for honest taxpayers. One hopes the ...

HEALTH: Biocon unveils long play insulin Basalog
Biocon Ltd on Friday launched its biosimilar version of human insulin analog glargine, brand named Basalog. The basal insulin is meant for type-1 and type-2 (non-insulin dependent) ...

POWER: NTPC, CIL plan venture for mining, power plant
NTPC Ltd and Coal India Ltd (CIL) will shortly enter into an agreement for launching a 50:50 joint venture for mining coal as well as setting up a 4,000 MW pit head power plant at Brahmani coal block near Rajmahal coalfields in ...

FINANCIAL PERFORMANCE: LVB net rises to Rs 19.9 cr in Q4
Coimbatore, May 29 Despite odds, Lakshmi Vilas Bank has managed an appreciable growth on all fronts. The biggest challenge for the bank at this juncture, according to its Managing Director and CEO, Mr V.S. Reddy, is cutting cost on resources ...

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Markets (May 29)

Nifty (at close)	4,448.95(+111.85)
US Dollar (Buy/Sell)	47.07/08
Brent crude (a bbl) Rs	3,113
Gold (a gram) Rs	1,372
Silver (a kg) Rs	24,865

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