The Hindu Business Line : Sunday, July 05, 2009

Novartis’ cancer drug is not patentable, says appellate board
Company reviewing decision and looking at various options. Mumbai, July 4 The Intellectual Property Appellate Board (IPAB) has said that Novartis’ cancer drug Glivec (Imatinib Mesylate) is not patentable in the beta crystalline ...

More companies knock on debt recast cell’s doors
Take hit on fall in global demand, forex bets going wrong. Mumbai, July 4 The Corporate Debt Restructuring (CDR) Cell, a joint mechanism of banks and financial institutions to restructure debts of viable corporate entities affected by internal ...

All set for Budget 2009: ... A roadmap for reforms
Ever since the stock market vaulted 17 per cent on a single day after the elections, equity investors have exuded unbridled optimism. Take the Union Budget. Instead of viewing it as an “event risk,” ahead of which they must ...

EPF interest rate maintained at 8.5%
New Delhi, July 4 The interest rate on Employees Provident Fund will remain at 8.5 per cent ...

Rural mobile project target seems a tall order now
New Delhi, July 4 Tough terrain and tougher villagers are slowing the erection of mobile towers, affecting the rural cellular telephony project funded by the Universal Services ...

Index Outlook — Mapping Budget day moves
The day of reckoning for the UPA Government is here. The Union Budget will demonstrate the extent to which the hopes and expectations woven in to the post-election rally will be translated in to ...

Container Corpn of India: Buy
Investors with a long-term perspective can consider accumulating the stock of Container Corporation of India (Concor). An established player in multi-modal logistics, Concor appears best placed to benefit from the uptick in domestic trade and ...

Cummins India: Hold
Shareholders can stay invested in Cummins India (CIL), a leading manufacturer of diesel engines. Though the stock is not inexpensive at Rs 273 (13 times its FY09 per share earnings), what lends confidence is its strong position in the ...

KPIT Cummins Infosystems: Buy
Investors with a two-year horizon can buy the shares of KPIT Cummins Infosystems (KPIT), given the company’s cost cutting moves and measures to better realisations by working on key operating ...

Brandhouse Retails: Buy
Low valuations and a unique business model make the stock of Brandhouse Retail (BHRL) an attractive buy. BHRL functioned as the retail arm of textile player, S. Kumar’s Nationwide, and was hived off and listed as a separate entity in ...

RCF (Rs 80.3): Buy
Investors with a medium-term perspective can consider investing in Rashtriya Chemicals & Fertilizers ...

Birla Sun Life Midcap Fund: Invest
Investors can buy the units of Birla Sunlife Midcap Fund (Birla Midcap) considering its track record in delivering superior returns during market upswings and ability to reasonably contain downsides. The fund has bettered benchmark CNX ...

Global steel majors await India’s move on iron ore exports
Asian prices firm up on fears of duty on shipments. Mumbai, July 4 Steel majors in Asia and elsewhere are anxious about developments in India in relation to iron ...

Garment exports dip 10% in April-May
Improve competitiveness, enhance domestic sales: Textile Ministry. New Delhi, July 4 Even as the export market for Indian garments is beset by a demand dip — with garment exports down by 10 per cent in dollar terms in April-May 2009, ...

Budget 2009
Now, Business Line invites you to tell the Finance Minister your reactions to ...

Weekly News Round up
The Railway Minister Ms Mamata Banerjee, presented the Railway Budget on Friday. There is increase in passenger fares or freight tariff. She announced 12 non-stop point-to-point long-distance trains and air-conditioned double-decker coaches ...