The Hindu Business Line : Saturday, June 06, 2009

Demat accounts swell on big-ticket IPO hopes
Stable government, rising stock markets enthuse investors. Mumbai, June 5 New demat account registrations have seen an increase over April and May in likely anticipation of big ticket public sector undertakings IPOs (Initial Public Offerings) ...

Bank credit declines second time this fiscal
Mumbai, June 5 The total bank credit fell by Rs 16,306 crore to Rs 27,35,750 crore during the fortnight ended May 22, 2009, according to the latest figures released by the Reserve Bank of ...

Stand-off ends: An INOX m... Corporate fund-raising picks up
Rs 4,779 cr raised in April and May; QIPs remain favourite route. Mumbai, June 5 Fund-raising by Indian corporates has picked up significantly with the market looking up in the first two months of the current ...

Net direct tax collection increases 16.88% in May
Recovers from 3.19% decline in April. New Delhi, June 5 The Centre’s net direct tax collections grew 16.88 per cent in May at Rs 11,919 crore (Rs 10,198 crore). However, the net collections grew by modest 5.77 per cent in the first two ...

SC dismisses Mumbai SEZ plea for staying land acquisition
New Delhi\Mumbai, June 5 The Supreme Court on Friday dismissed the Mukesh Ambani-promoted Mumbai SEZ plea for staying the land acquisition process for its project in Raigad, ...

Desi Bt cotton set to blossom in farms this year
10,000 acres to come under in-bred Bikaneri Nerma variety. New Delhi, June 5 Seven years after the commercial launch of Monsanto’s Bt cotton, Indian farmers are about to plant the first publicly bred genetically modified (GM) seeds of ...

NBFCs on comeback trail with better rural demand
Riding on increasing vehicle sales. New Delhi, June 5 Non-banking finance companies, which had slowed down disbursements significantly in the second half of last calendar year, are looking to make a ...

Key executive pay packages zoom at top 3 firms
Infosys remains ahead of Wipro and TCS. Bangalore/Mumbai, June 5 Compensation packages of key non-promoter executives at the country’s top three IT firms — TCS, Infosys and Wipro — grew faster than the companies’ net ...

Bay ‘low’ seen reviving monsoon activity
Thiruvananthapuram, June 5 The anticipated low-pressure area beat India Meteorological Department (IMD) predictions to materialise on Friday with prospects for ...

Markets this week
Both the Sensex and the Nifty recorded a nine-month high, closing Monday with the fourth consecutive day of gains. The Sensex closed higher at 14,840, adding 215 points and the Nifty surged 81 points to finsish at 4,529 . Strong Asian markets ...