The Hindu Business Line : Thursday, July 09, 2009

Govt to widen tax net for property transactions
Certain deals to be taxable in the hands of recipients. New Delhi, July 8 Tax planning around gifting of immovable and movable properties will soon turn out to be a difficult task for taxpayers if a Budget proposal gets Parliamentary ...

Sensex tanks 400 as FII selling continues
Mumbai, July 8 The Sensex dropped 401 points on Wednesday, only a two days after it lost close to 900 points, falling below the 14,000-mark as foreign institutional investors continued to shed ...

The Union Minister of Ste... TODAY'S PICK (Latest Audio: English/Tamil)
Essar Oil (Rs 125.55): Sell
We recommend a sell in Essar Oil stock from a short-term trading perspective. It is apparent from the charts that after bottoming in early March at Rs 60, it accelerated in early April. However, following an up-move to Rs 194, the ...

Day Trading Guide

NHB hunts for foreign investors for mortgage guarantee company
Bank to be majority stakeholder in firm. Mumbai, July 8 National Housing Bank (NHB) is scouting for international investors for its much-delayed mortgage ...

Plastics not a problem, waste disposal is
GO BIODEGRADABLE. New Delhi, July 8 To ban or not to ban the plastic bag is going to be the centre of debate once again. Contrary to wide belief, the Union Minister for Environment and Forests, Mr Jairam Ramesh, stated in Parliament on Wednesday ...

India’s rating under pressure, says S&P
India’s high fiscal deficit is not sustainable in the medium term and there is a risk that the country’s sovereign credit ratings may be lowered if fiscal consolidation is delayed, said international rating agency Standard ...

Rising rupee may hit IT cos’ revenues in June quarter
Favourable cross-currency movements to cushion margins pressure. A stronger rupee would further affect the IT sector earnings for the June quarter amidst continuing decline in volumes and pricing pressure, which may be partially offset by ...

A Budget that is sleight all the way
Pranab “gambles with big stimulus”; “Borrows to fund handouts”; “Rs 1,86,000 crore is the fiscal stimulus in 2008-09”; “A House for Commons”. This is how the media, both print and visual, ...

Cars, 2-wheelers sales shift gears in June
Falling interest rates, new launches drive growth. New Delhi, July 8 Passenger cars sales were on a fast track in June recording a 7.8 per cent growth at 1.07 lakh units. This is the highest growth after February in the domestic ...

Rains bring hopes of better coffee crop
Menace of white stem, berry borers seen under control. Chennai, July 8 Prospects of a better coffee crop have brightened with heavy rains lashing the growing areas in Karnataka. It has also given hopes of controlling the menace of white stem and ...

PSU refiners may post Rs 5,000-cr loss on fuel sales
Crude price surge helps gross refining margins. Mumbai, July 8 IndianOil, Hindustan Petroleum Corporation and Bharat Petroleum Corporation are likely to record combined losses of about Rs 5,000 crore on sale of diesel, petrol, cooking-gas and ...

MF vendors may levy financial planning fee
Several AMCs have set up advisory arms. Kolkata, July 8 The scrapping of entry load might prompt traditional distributors of mutual funds to consider offering fee-based financial planning – a service that was available nearly free ...

Most stocks lose despite rally after March
Chennai, July 8 The post-March rally in stocks has seen the pivotals recover some of the ground lost earlier. For the large majority of other stocks, however, it has been anything ...

Rupee to decline further (Latest Audio:English/Tamil)
Upward revision of the targeted fiscal deficit in the Union Budget acted in concert with the crash in equity market to cause a sharp depreciation in rupee this week. The currency reversed lower from the short-term peak of 47.5 to decline to ...

The Budget as a brand
The media frenzy, the big heads talking, the horde of TV cameras make the otherwise staid document one big brand tamasha.. The Union Budget 2009-10 laid out on the floor of the House on the 6th of July, 2009 by Finance Minister Pranab Mukherjee ...

News channels draw more eyeballs on Budget day
New Delhi, July 8 Audiences preferred to watch the Finance Minister’s Budget presentation on general news channels over business news ones, according to data from the TV audience rating agency, ...