The Hindu Business Line : Saturday, July 18, 2009

TCS beats expectations, but sees ‘some shocks in the way’
Q1 net up 19% on growth in key industry verticals, more work shifted onshore. Tata Consultancy Services beat market expectations with a 19-per cent rise in the net profit for the first quarter ended June 30, 2009 in spite of the challenging ...

Global trends lift Sensex 495 points
Retail investors rush in to book profits on late surge. Mumbai, July 17 The benchmark indices delivered a surprise on Friday closing with gains of more than 3 per cent, as positive developments both in the global and domestic arena boosted ...

Pricing pressure : (From ... SEBI panel recommends removal of no-delivery period
Mumbai, July 17 The no-delivery period for transaction in shares will be removed for all corporate actions if a recommendation made by SEBI’s Secondary Market Advisory Committee is adopted, said sources close to the ...

Sharp rise in P-Notes value in May
New Delhi, July 17 There had been an increase in the total value of participatory notes (PNs) with underlying Indian securities in May going by the information provided to the Lok Sabha on ...

Indirect tax mop-up takes a hit in Q1
New Delhi, July 17 The excise duty and service tax rate cuts announced as part of the stimulus packages last fiscal have predictably dented the Centre’s indirect tax revenues in the first quarter ...

Nano buyer raring to ‘get, set, ready go’
PEOPLE’S CAR. Mumbai, July 17 “I plan to drive my Nano to the Siddhi Vinayak temple,” said an elated Ashok Vichare, the first customer of the long-awaited people’s car from Tata ...

‘Chandrayaan is fine; sensor hitch sorted out’
Bangalore, July 17 The Indian Space Research Organisation (ISRO) on Friday admitted that its lunar craft, Chandrayaan-1, developed an orientation problem on April 26 and nearly lost its bearings four lakh km away in ...

TCS headcount falls for first time
Mumbai/Chennai, July 17 The headcount at Tata Consultancy Services was down for the first time in the first quarter ended June 30, as the company has put a near-freeze on hiring. It reported a net addition decline (in headcount) ...

Kharif sowing improves as monsoon picks up
Coverage of paddy, bajra, moong lags. New Delhi, July 17 The pick-up in monsoon rainfall activity, especially in the western, central and southern regions, has led to a distinct improvement in kharif ...

Auto dealers federation chief sees racier second-half for the sector
Hyderabad, July 17 If in the first half of 2009 it registered a six per cent growth over last year, the automotive sector is poised for a better second half, according to Mr S. P. Shah, President of the Federation of Automotive ...

Low pressure may soak partsof rain-deficit regions
Unfortunately for India, this triggered the transmission of a subsidence-promoting wave into the northwest. According to Dr Gupta, it is this quasi-subsidence phenomenon that has repelled monsoon ...

Markets this week(Latest Audio:English/Tamil)
Weak trend in global markets and selling pressure in metals, autos and infrastructure stocks dragged the stocks lower for the fourth straight session Monday. The Sensex recovered from the day's low of 13,219 and settled at 13,400, down 103 ...

Venture capital to India slides 72% in first half
Chennai, July 17 Venture capital investment in India has dropped nearly 72 per cent to $117 million over 27 deals during the six months ending June 2009 compared with $413 million investment in 67 deals in the first half of last year, ...