The Hindu Business Line : Wednesday, October 08, 2008

Our office will remain closed today on account of Ayudha Pooja and there will be no edition of THE HINDU BUSINESSLINE dated 9th October 2008.— MANAGING DIRECTOR HOME PAGE

Tatas pick Gujarat for Nano
Roll-out from Sanand; ancillary units to be located at premises. Gandhinagar, Oct. 7 The Rs 1 lakh dream car ‘Nano’ of Mr Ratan Tata will now roll out from an integrated project near Sanand town in Ahmedabad district, from the same ...

Parts suppliers support Nano’s move to Gujarat
Pinning hopes on car’s mass appeal to drive demand, cover losses. New Delhi, Oct. 7 Auto component suppliers to Tata Motors’ Nano expressed their willingness to move to Gujarat to help roll out the world’s cheapest car, ...

Mr Manoj Kohli (left), Ch... TODAY'S PICK (Latest Audio: English/Tamil)
ITC (Rs 174.55): Sell
We recommend a sell in ITC from a short-term horizon. The chart of ITC depicts that it has been on an intermediate-term downtrend since its May peak of Rs 232. However, in July, the stock found support at around Rs 160 and made a corrective ...

Day Trading Guide

Sensex yo-yos, but ends flat
FIIs stay net sellers; mood cautious despite liquidity-boosting steps. Mumbai, Oct. 7 The mood in the domestic equity markets remained cautious on Tuesday despite measures by the Securities and Exchange of India and the Reserve Bank of India to ...

Rupee breaches 48 mark
Mumbai, Oct. 7 The steps announced by the financial market regulators to improve the liquidity in the system on Monday hardly had any positive impact in the forex market on ...

ECB policy modified to include mining, exploration, refining sectors
Cos in these sectors can borrow up to $500 m a year. New Delhi, Oct. 7 Companies in the mining, exploration and refining sectors are to get a boost in terms of better and larger access to overseas funding, with the Government expanding the ...

United Spirits plans to offer shares to grape growers
Bangalore, Oct.7 United Spirits’ Four Seasons Wines plans to offer shares of its company to grape growers and enter into such contracts for over ...

Rising cost of funds weighs on banks’ net interest margins
Profits not likely to be impacted, say bankers. Banks’ interest margins sharply dropped in the second quarter in tandem with the escalating funds raising ...

Bharti Airtel launches DTH service
Features include account balance indicator, 10 World Space channels. New Delhi, Oct. 7 Bharti Airtel launched its Direct to Home Service on Tuesday, marking the telecom company’s entry into media and entertainment and for which it plans ...

Dip in crude prices may not be enough for oil cos to celebrate
‘Rupee has to appreciate by 10% for us to reap benefits’. New Delhi, Oct. 7 Despite the softening of crude oil prices, there may not be a significant increase in the profitability of the three public sector refining-cum-retailing ...

Basmati prices rule lower, seen dropping more
Increased output, competition from Pak seen as reasons. New Delhi, Oct 7 Farmers who had enthusiastically planted and expanded acreages under basmati rice this year are having to reconcile themselves to lower ...

BSE Capital Goods index hits 52-week low
About 24% lost in one month, 14 stocks on losing list. Mumbai, Oct. 7 Capital goods stocks, which had not been faring as badly as stocks in other sectors in this year’s market decline, have been falling for over a month ...

Baltic Dry Index falls sharply
Baltic Dry Index (BDI), an index covering dry bulk shipping rates and managed by London-based Baltic Exchange, dropped to 3,002 last Friday from the peak of 11,000 plus in last ...

IL&FS, Halcrow consortium to advise freight corridor corpn
On track access charges to be received from Rlys. A consortium comprising IL&FS, Halcrow Consulting, Australian-legal firm Blake Dawson and Railways’ subsidiary RITES will advise Dedicated Freight Corridor Corporation of India Ltd ...

Rupee negative in near-term (Latest Audio: English)
The mayhem in the equity markets, tightening credit and the rupee soaring above 47 against the dollar prompted the Reserve Bank of India to cut the credit reserve ratio by 50 basis points on Monday and the Securities and Exchanges Board of ...

Bay continues to be put under storm watch
Thiruvananthapuram, Oct. 7 The Climate Prediction Centre (CPC) of the US National Weather Services has retained a close watch on the Bay of Bengal for signs of ‘intense tropical activity’ during October ...