The Hindu Business Line : Friday, June 26, 2009

Tata Steel consolidated net down 61% on demand dip
Company to axe over 2,000 jobs in Europe. Mumbai, June 25 Tata Steel has reported a 61 per cent drop in its consolidated net profit at Rs 4,849 crore for the year ended March 31, 2009, against Rs 12,322 crore registered in the same period last ...

Hydel generation could trip as reservoir levels drop
Deficient rainfall forecast causing concern. New Delhi, June 25 A majority of the country’s key hydro reservoirs are precariously close to their minimum draw down ...

Tackling crisis: (From le... TODAY'S PICK (Latest Audio: English/Tamil)
Syndicate Bank (Rs 69.70): Sell
We recommend a sell in Syndicate Bank from a short-term trading standpoint. It is evident from the charts of Syndicate Bank that after forming a multi-year low at Rs 37.6 in early March it bottomed out. Since then the stock was on ...

Day Trading Guide

Nilekani to head Govt’s unique identification project
New Delhi, June 25 Mr Nandan Nilekani, co-chairman of Infosys Technologies, has been appointed by the Government to head a newly created authority that will supervise the creation of a unique identification database of the ...

ATMs running out of Rs 100 notes
Hyderabad, June 25 Planning to withdraw money from ATM? You may have to withdraw not less than Rs 500. The reason: shortage of Rs 100 ...

Asset quality may come under strain: Moody’s
Credit flow tighter now, corporate earnings weaker. Mumbai, June 25 Moody’s Investors Service has warned that Indian banking system’s asset quality could come under strain, with higher levels of non-performing loans, as a reversal of ...

Inflation rate stays in negative for the second week
Wholesale Price Index for all commodities at 234.2. New Delhi, June 25 Wholesale price inflation continued in the negative for a second straight week. The annual WPI-based inflation declined by 1.14 per cent during the week ended June 13, easing ...

Flat growth in shipping tonnage so far this year
Tight access to funds delays acquisitions. Hyderabad, June 25 Facing tighter access to funds and a global freight market that is yet to firm up significantly, Indian shipping companies have delayed some of their expansion plans. This has ...

‘Aila’ encore over Arabian Sea likely to cost less
North-east Arabian Sea is about to witness a ‘Cyclone Aila’ replay, but with lesser collateral damage for the monsoon, as a resident storm system over coastal Gujarat waded back into waters and ...

Delayed monsoon could change the weather for FMCG stocks: Analysts
Kolkata, June 25 Listed FMCG companies have not so far been affected by delayed monsoon. On the contrary, some of the players have seen summer sales of their seasonal products zoom. However, FMCG analysts and the marketers feel that ...

Steel imports surpass last year’s volumes only since April, says Rastogi
New Delhi, June 25 While the steel industry has been demanding fiscal measures against cheaper imports, it is only since April that imports have surpassed last year’s volumes. And China only accounts for 1.36 per cent of the ...

Truly, a unique identity
Bangalore, June 25 Infoscians will miss one of its biggest icons, as Co-Chairman Mr Nandan Nilekani exits the board of the company that he co-founded to head one of the most ambitious e-governance ...

Sibal wants Class 10 board exams to be optional
New Delhi, June 25 The Minister of Human Resource Development, Mr Kapil Sibal, on Thursday, proposed the formation of an autonomous overarching regulatory and assessment authority for higher education which would subsume the University ...

Revised lot size takes effect from today; Unitech adds 1.79 cr shares
Chennai, June 25 The NSE’s revised market lot size (downsizing) for 141 stocks in the F&O segment would take effect from Friday. Among them are Ashok Leyland, Bajaj Auto, HDIL, JP Associates, LIC Housing Fin, M&M, Maruti ...