The Hindu Business Line : Thursday, November 05, 2009

24% fall in indirect tax revenues worries Govt
Effect of lower imports and sharp fall in excise collections. New Delhi, Nov. 4 With revenues from indirect taxes recording a 24 per cent decline in the first-half of the current fiscal, the Centre is now betting on economic growth in the ...

Judge recuses from Reliance case
The withdrawal of Mr Justice R. V. Raveendran on Wednesday on moral grounds from a Bench of the Supreme Court hearing the gas dispute involving the Ambani brothers, is unlikely to cause a major delay in the ...

Training auto engineers: ... TODAY'S PICK (Latest Audio: English/Tamil)
GMR Infrastructure (Rs 63.35): Buy
We recommend a buy in GMR Infrastructure from a short-term perspective. It is apparent from the charts the stock has been on a long-term uptrend from its October 2008 low of Rs 22.75. However, after encountering resistance around Rs 90 in June ...

Day Trading Guide

PM’s advisory panel ‘surprised’ by Ministry’s kharif estimates
New Delhi, Nov. 4 The Agriculture Ministry’s projection of a 21.07 million tonne (mt) dip in this year’s kharif foodgrain output (from 117.70 mt to 96.63 mt) has taken the Economic Advisory Council to the ...

RCF forays into cement distribution
Fertiliser maker to take advantage of extensive dealer network. Over 6,000 dealers of public sector undertaking Rashtriya Chemicals and Fertilisers are likely to double up as cement ...

TVS Shriram Growth Fund picks up 25% in Landmark
‘MARQUEE INVESTMENT’. Chennai, Nov. 4 TVS Shriram Growth Fund I has picked up close to 25 per cent stake in Landmark Ltd, a subsidiary of the Tata group company, Trent Ltd, for Rs 65 ...

ArcelorMittal eyes alternative sites for plants
Unhappy over progress of projects in Orissa and Jharkhand. New Delhi, Nov.4 The world’s largest steel maker ArcelorMittal is looking at alternative sites to set up its steel plants in India after its proposed Orissa and Jharkhand plants ...

Phone subscriber base crosses 500-m mark
New Delhi, Nov. 4 The number of telephone subscribers in India has increased to 509.03 million at the end of September with nearly 15 million subscribers being added in the month. This beats the Government’s target of 500 million users ...

New premium likely to see less equity exposure
Insurers to focus on debt schemes to cut ULIP pie. Kolkata, Nov. 4 From next fiscal, some life insurance companies are likely to cut down their stock market investments by 10 to 15 per cent in respect of new ...

Banks’ profit growth moderates in Sept quarter
Fallout of slowdown in lending, dip in margins and rise in provisions. After growing at a frenetic pace last quarter, banks have struggled to do an encore in the September quarter, as lending slowed, margins fell, and provisions rose. Advances ...

Godrej Properties IPO in two months: Adi Godrej
Mumbai, Nov. 4 It was an eventful second quarter for the Godrej Group which also saw its Indian joint venture partner, Sara Lee Corporation, sell a part of its US business to Unilever Plc. Though Godrej Industries reported a fall ...

‘We are looking at categories where we can make a difference’
Vinita Bali, MD, Britannia Industries, on product innovation, cost-cutting and brand management.. Vinita Bali, Britannia Industries Ltd’s Managing Director, is on a whirlwind trip to Chennai. She’s in the city to participate in the ...

Digital media players on consolidation mode
Offering bigger platforms for brand campaigns. Hyderabad, Nov. 4 As the younger generation is increasingly getting hooked on to social networking sites on the Internet, giving brand planners in the corporate world a broadening platform for ...