The Hindu Business Line : Friday, September 26, 2008

3G, WiMax auctions to be held simultaneously
Move aimed at curbing chances of manipulation by operators. New Delhi, Sept. 25 In a bid to cut out the possibility of any manipulation by operators, the Department of Telecom has decided to conduct simultaneous auction for third generation ...

Rice output estimated higher at 83.25 mt
Despite erratic monsoon, foodgrain harvest put at 115.33 mt. New Delhi, Sept. 25 The Centre expects a reasonably good kharif foodgrain harvest of 115.33 million tonnes (mt) this year, which includes a record rice production of 83.25 ...

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New Zealand to quarantine Ranbaxy drugs
New Delhi, Sept. 25 Ranbaxy Laboratories Ltd’s woes continued with New Zealand’s health ministry saying that three drugs imported into that country will be voluntarily quarantined by the suppliers till further tests are done. ...

HNIs in India up 23%: Study
‘Economy expansion, foreign investment help in wealth creation’. Mumbai, Sept 25 The number of High Networth Individuals (HNIs), with investible surplus of more than $1 million, in India has gone up by 23 per cent to 1.23 lakh as of ...

IT cos may not dispute Lehman’s ‘cure amounts’
Deadline to file objection expires on October 3. Mumbai, Sept. 25 No Indian technology firm has yet objected to the ‘cure’ amounts fixed by Lehman Brothers as part of the dues it owes outsourcing vendors. Interestingly, several ...

Tractor sales grow despite banks clamp-down on funds
New Delhi, Sept. 25 The curbs on financing by banks and financial institutions have not prevented the domestic tractor industry - the segment most heavily dependent on financing - from treading on the growth ...

Markets sense fall in kharif output in advance
Prices of key agricultural produce began rising in Aug. Chennai, Sept. 25 Agricultural produce markets in the country seem to have sniffed well in advance a fall in the production of some of the key crops, going by the trend in prices of some of ...

Reinsurance rates under pressure
Hardening global rates send insurers flocking to GIC. Bangalore, Sept 24 With the collapse of the world’s largest insurance company, American International Group, reinsurance premiums have come under pressure ...

No fear of commodity bubble: Barclays
Top official sees crude averaging $115 a barrel in 2009; reasonably positive on gold. Mumbai, Sept. 25 The recent financial crisis in the US has hit sentiments in the commodity markets with open interest reducing drastically in the last few ...

With 5 days to go, rain deficit cut to 1%
Thiruvananthapuram, Sept. 25 All-India rain deficit has narrowed further to one per cent as per updated statistics on Wednesday, with the two Met subdivisions left sharing the burden improving their individual performance ...

SAT declines to stop Emami’s open offer
Preliminary hearing on Nov 18. Mumbai, Sept. 25 Emami’s open offer for Zandu Pharmaceuticals’ shares will open as scheduled on Friday, after the Securities Appellate Tribunal (SAT) decided not to pass any order restraining the ...