The Hindu Business Line : Friday, July 10, 2009

International advisory board to help AI chart a new course
New team may include CEO of Lufthansa, ex-chief of Singapore Airlines. New Delhi, July 9 In addition to Mr Ratan Tata, the retiring CEO of Lufthansa and the ex-Chairman of Singapore Airlines (SIA) may be soon asked to help Air India chart a ...

Key Ministries to review FDI policy in tobacco sector
New Delhi, July 9 Senior officials of Ministries of Health, Commerce and Industry, and Finance will meet on Friday to discuss and review the foreign direct investment (FDI) policy in the tobacco sector. They are expected to deliberate on ...

The Minister for Petroleu... TODAY'S PICK (Latest Audio: English/Tamil)
Indian Hotels Company (Rs 58.15): Sell
We recommend a sell in Indian Hotels Company from a short-term trading perspective. It is evident from the charts of Indian Hotels that after recording a 52-week low of Rs 34 in early March it was on an intermediate-term uptrend till early ...

Day Trading Guide

Tax deduction at source: Quoting PAN will entail lower rate
The Finance Ministry has come up with an innovative proposal to expand the use of permanent account numbers (PAN) and, thereby, widen the tax base in the ...

Buy one policy, get two covers
Mumbai/Kolkata, July 9 Customers can soon buy a single insurance policy and avail themselves of twin benefits – pure-term life insurance as well as ...

Ramalinga Raju to face lie-detector test
DIGGING THE TRUTH. Hyderabad, July 9 Founder and ex-Chairman of Satyam Computer Services Ltd, Mr B. Ramalinga Raju, will finally have to undergo lie-detection and brain-mapping tests in connection with the Rs 7,136-crore Satyam fraud, which he ...

India takes a step forward on N-reactor export front
Preliminary talks in Kazakhstan concluded. New Delhi, July 9 Preliminary discussions on the possibility of setting up a nuclear power reactor in Kazakhstan based on India’s Pressurised Heavy Water Reactor (PHWR) design have been wrapped ...

Inflation rate stays negative; food still costly
Wholesale Price of all commodities up at 234.7. New Delhi, July 9 Inflation continued in the negative for the fourth week in succession, even as consumers continue to bear the brunt of high inflation in food ...

Madras Cements to go for captive thermal plants
65 MW coal-based units to entail Rs 280-cr investments. Chennai, July 9 Madras Cements Ltd will invest Rs 280 crore to set up 65 MW of coal-based captive power plants at two of its cement ...

Cognizant beefs up testing business
Manpower increased by ten times in 4 years. Chennai, July 9 Cognizant Technology Solutions has increased its employee strength in software testing practice by ten times to around 9,000 people in the last four years. Nearly 75 per cent of the ...

Bajaj mounts new Discover for growth ride
Aim is to create a long-distance bike, says company. Mumbai, July 9 Bajaj Auto is betting big on its new 100cc Discover that will roll out of its Chakan plant near Pune on July 17. It will subsequently move to the Pantnagar facility which will ...

Free access to all ATMs still wrought with problems
No cash flows out, yet account gets debited. The promise of ‘Free access to all ATMs for bank customers’ across the country was expected to revolutionise customer ...

Small-cap stocks: Outperformers then, underperformers now
Realty shares were main players in upward swing. In the rally after elections, small-cap stocks were in news for outperforming the broader market. Yet again they are in news – this time ...

Other side to ‘borrow-and-spend’
Mr Pranab Mukherjee’s Union Budget 2009-10 has been lampooned by many as a ‘borrow-and-spend’ exercise. This is worse than a ‘tax-and-spend’ Budget, in which there is some basic correspondence between what ...

Water storage level in reservoirs improves
Advancing monsoon helps; situation still below last year. Chennai, July 9 The water storage level in the 81 major reservoirs in the country improved this week, thanks to the advancing monsoon, but it still was over 50 per cent below last ...

Speculators beginning to exit agri futures market
With weather concerns waning in major producing countries, crop prospects looking increasingly better and finally, continued anxiety over the macro-economic environment, speculators in major agricultural futures markets are viewing the ...

‘Low’ downgraded, may delay rains for northwest
Thiruvananthapuram, July 9 India Meteorological Department (IMD) has joined other leading weather models to keep a watch for a crucial low-pressure in the Bay of ...