The Hindu Business Line : Saturday, June 27, 2009

Jaguar Land Rover drags Tata Motors into the red
Consolidated loss Rs 2,505 cr in 2008-09; tough measures on cards. Mumbai, June 26 The acquisition of the UK-based Jaguar Land Rover (JLR) has cost Tata Motors dearly, with the company posting a net loss of Rs 2,505 crore for 2008-09 on a ...

Sensex rebounds 419 pts, Nifty rises 3.15%
New stock weightage method, global cues buoy sentiments. Mumbai, June 26 After many days of relentless profit booking that dragged down stocks, the markets rose sharply on Friday as the Nifty introduced the free float method for computation of ...

Meltdown blues: Mr Ravi K... MF distributors object to entry load in SEBI forum
Only 3 AMCs responded to regulator’s discussion paper. Research Bureau With SEBI making public the responses received on its discussion paper inviting comments on mutual funds’ entry load issue, it becomes quite clear that ...

Oriental Bank plans to cut lending rates
New Delhi, June 26 Oriental Bank of Commerce (OBC) intends to soon bring down its prime lending rates by 25-50 basis points. This will lower its prime lending rates from the current 12 per cent up to 11.50 per ...

Low June rainfall may not affect eventual harvest
Good July showers are critical for a bountiful crop. New Delhi, June 26 Even as the alarm bells are ringing over the poor progress of the South-West monsoon so far, there is very little evidence to show that lack of rains in June translates into ...

Caraco’s FDA rap to hurt Sun Pharma
FDA seizes Sun arm’s drugs. Mumbai, June 26 Sun Pharma may not have a time-frame by which it expects to dispel the regulatory shadow cast on its US subsidiary Caraco Pharmaceutical. The US authorities seized drug products made at the ...

Gas production in May up 18%; crude oil dips
New Delhi, June 26 While the domestic crude oil production continued its declining trend, natural gas output in May shot up by 18.3 per cent with production starting at Reliance Industries Ltd’s East Coast block, and coal bed methane ...

PSU general insurers improve market share
Pvt players report double digit negative growth. Mumbai, June 26 Public sector general insurance companies collectively increased their market share in May. Three of them —Oriental Insurance, United India Insurance, and New India Assurance ...

3G policy goes back to GoM on PMO orders
Quick decision likely as auction is on 100-day agenda. New Delhi, June 26 The Prime Minister’s Office has asked the Communications and IT Ministry to refer the policy on third generation mobile services to a Group of Ministers on IT ...

Kesoram plans further capacity expansion
Tyre unit proposal to cost Rs 750 cr and cement unit Rs 800 cr. Kolkata, June 26 The board of Kesoram Industries Ltd, a B K Birla group company, has decided to expand the capacity of its cement and tyre units located at Balasore (Orissa) and ...

Markets this week (Latest Audio:English/Tamil)
Heavy selling in blue chips with a more than 4 per cent fall in Reliance Industries stock dragged shares lower on Monday. The other major losers were Tata Power, Hindalco, Grasim ...