The Hindu Business Line : Wednesday, November 11, 2009

States will retain power to tax alcoholic beverages
Tobacco products will attract GST, no decision yet on natural gas. New Delhi, Nov. 10 In what appears to be a victory for States, alcoholic beverages are to be kept out of the purview of the proposed Goods and Services Tax (GST) ...

RIL strikes oil in Cambay Basin
First on-land discovery in the block; commercial viability being assessed. Mumbai/ Ahmedabad, Nov. 10 Reliance Industries on Tuesday announced the discovery of oil in one of the onshore blocks in the Cambay Basin in ...

The Finance Minister, Mr ... TODAY'S PICK (Latest Audio: English/Tamil)
Great Eastern Shipping (Rs 247.7): Sell
We recommend a sell in the stock of Great Eastern Shipping Company from a short-term horizon. From March low of Rs 142, the stock had continued to be in an intermediate-term uptrend till October high of Rs 310. After encountering ...

Day Trading Guide

Soon, TV shows will come ‘live’ on your mobile phones
Mundu.TV. Mumbai, Nov. 10 Bored sitting in traffic? Well soon you might be able to stream your favourite Saas-Bahu serial, movie, cricket match or news on your mobile phone ...

Now, location-based mobile tariffs
New Delhi, Nov. 10 After offering seconds-based billing, mobile operators are now looking to introduce location-based tariffs that will enable users get discounts if they make calls from an area where the operator’s network is ...

Can’t wait for RNRL plant to come up to sell gas: RIL
New Delhi, Nov. 10 Reliance Industries Ltd (RIL) said it has no legal right to wait for the power plant of Reliance Natural Resources Ltd (RNRL) to come up and then sell gas from the KG Basin D6 block as it was not permissible under ...

Brokerages remain resilient in Sept quarter
Growth plans get fresh lease of life. Mumbai, Nov. 10 Broking firms saw their net profits soar for the second consecutive quarter after a year of falling ...

Steel prices may stabilise at current low levels
SAIL targeting 8-10% growth this fiscal: Roongta. New Delhi, Nov. 10 Steel prices are likely to remain stable at ...

Double-digit growth by next year: Nasscom
‘We have to move beyond 6 major cities to grow’. New Delhi, Nov. 10 With a turnaround in global business sentiment, the Indian IT sector is expected to return to double digit growth by the next financial year, according to the ...

Alcatel-Lucent offers to match Huawei’s price for BSNL deal
PSU major close to sealing deal with Ericsson for East, North Zones. New Delhi, Nov. 10 Franco-American equipment vendor Alcatel-Lucent has made an offer to Bharat Sanchar Nigam Ltd for supplying GSM network gear at the price quoted by Chinese ...

Rupee to vacillate sideways(Latest Audio:English/Tamil)
Major upheaval was witnessed in the foreign exchange markets on Monday as dollar declined sharply against major currencies. Group of 20 nations abstaining from making any move to aid the declining dollar in its weekend meeting, coupled with ...

Cyclone threat for north Konkan, south Gujarat
India Meteorological Department (IMD) has issued a tropical cyclone formation alert in the Arabian Sea as Monday’s depression intensified into deep depression, a notch below cyclone ...

Impose ceiling on banks’ exposure to interest rate futures
Gambling by any other name, be it “price discovery”, “improving liquidity”, “widening and deepening the market”, or “conforming to global practices” cannot shed its basic ...

Fretting about growth decimal points
For weeks, there has been discussion about estimates of India’s GDP growth this year. The quibbling is if it’s 6 per cent, 6.5 per cent or 7 per cent ...