The Hindu Business Line : Monday, July 06, 2009

Subsidiaries reduce profits for 2 out of 5 companies
Many cos that made overseas acquisitions suffered the most. BL Research Bureau Subsidiary operations transformed Tata Motors’ standalone profits of Rs 1,000 crore into a loss of Rs 2,505 crore, on consolidation, in the just-concluded ...

Will taxes go up, down or stay steady?
The dominant context of the forthcoming 2009-10 Budget is the overwhelming need not to choke off the nascent economic revival now seemingly underway. This could mean virtually no new taxes, and perhaps even a lowering of some of the ...

All set for B-day: The Fi... Market awaits Budget signals for new drive
Broader direction would lie on proposals changing fundamentals. Amid certain obviousness and a lot of vagueness, the Budget announcement for 2009-10 on Monday will set the tone of market proceedings this week. The market might not necessarily ...

Day Trading Guide

Air India turnaround panel gets cracking
CMD warns employees of tough days ahead. Mumbai, July 5 The turnaround committee of Air India has begun its agenda of revival on a war footing even as its Chairman and Managing Director, Mr Arvind Jadhav, has warned employees of tough days ...

PSU oil retailers hopeful of better times post-Budget
New Delhi/Mumbai, July 5 The auto fuel price hike was music to the ears of the three public sector oil marketing companies (OMCs) though they still believe that it is only the “tip of the iceberg” and that the Union Budget will ...

Digital platforms reach out to Net-savvy youth
BUDGET & BLOGGING. New Delhi, July 5 With streaming of live coverage, Nautanki.tv is hoping to open up Budget 09 to the social media. Now you can blog along the live Budget running on your Web site or ...

Bharat Forge overseas arms hit by slowdown
Company to focus on non-auto business. Chennai, July 5 Seven out of 12 overseas subsidiaries of the Pune-headquartered Bharat Forge Ltd made a loss last financial ...

Yota may partner MTNL, BSNL for WiMAX services
Russian company in talks through local partner. New Delhi, July 5 Intel Capital-backed Russian telecom operator Yota may strike an alliance with Mahanagar Telephone Nigam Ltd and Bharat Sanchar Niogam Ltd to offer WiMAX-based broadband services ...

Good demand for experienced hands; freshers languishing
REVIVAL SIGNS. New Delhi, July 5 It is professionals with over four years of experience, not freshers, who are in demand in the job market. As a result, campus recruitments have not lived up to ...

Gold may stay weak on dollar cues; crude to consolidate
Commodities bring in attractive returns for investors. As a class of assets, commodities have been one of the best performing in recent months, bringing attractive returns for investors. In the quarter that just ended, commodities as varied as ...

Comex gold: Bullish trend to be intact
Comex gold futures ended marginally higher as there were deeper concerns over the US economic outlook going forward. The precious metal found support above $931 after falling on Thursday, when weaker-than-expected US non-farm payroll data ...

Rail Budget: Populist or practical?
For all the impression of being a populist exercise, Ms Mamata Banerjee’s 2009-10 Rail Budget is actually a pretty practical response to the prevailing business environment in which the public sector transport behemoth is ...

A manager and a politician
Meet P.D. Rai, the lone MP from Sikkim, and one of the rare alumni of IIT and IIM to take up full-time politics. It is not often that an alumnus of the Indian Institute of Management (IIM) and the Indian Institute of Technology (IIT) fights the ...

Monsoon rains seen retaining vigour until mid-July
The monsoon has entered a vigorous phase not witnessed till date during the season, with central and adjoining peninsular India too expected to come under enhanced rain cover from early this ...