The Hindu Business Line : Tuesday, April 01, 2008

GMR in race for 50% stake in InterGen of US
Hyderabad/Chennai, March 31 The GMR group is in the race for a 50 per cent stake in InterGen, a US-based power company with plants in five countries, according to reliable sources.The group’s first stage of submitting a ... More

Tatas, M&M investing Rs 7,500 cr in Maharashtra
Mumbai, March 31 Maharashtra on Monday shifted to a faster lane in its drive to drum up big-ticket private investments in the automobile sector.Leading vehicle makers Tata Motors and Mahindra & Mahindra separately pledged to invest ... More

Duty Entitlement Pass Book scheme extended ‘till further orders’
Annual supplement to foreign trade policy on April 11 More

Dr Reddy’s turns ‘women-friendly’
Women staff to get flexi hours, working from home options More

Cabinet panel meets on price rise
New Delhi, March 31 The Cabinet Committee on Prices met late evening on Monday to review the sharp increase in prices of food items and other manufactured goods, with a view to contain runaway inflation, which had clocked a 14-month high. ... More

‘Don’t trade in F&O on recommended stocks’
SEBI proposes to tighten norms for brokers/analysts More

RBI ‘very concerned over high inflation’
Ready to take appropriate action, says Governor More

COMMODITY COMMENTARY
Government must strengthen commodity commercial intelligence
Mumbai, March 31 For the week ended March 15, inflation soared to a 14-month high of 6.68 per cent. The across-the-board increase in primary articles, fuels and metals has pushed prices to multi-week or even multi-month highs, raising serious ... More

Capital flows lift surplus in balance of payments
Earnings from software, services exports up 50% in Dec quarter More

Cipla bringing in Novartis’ iron-overload drug
Will be sold locally at a fraction of its global price More

ONGC-Mittal overseas trading venture benched
Selection of new CEO gets priority More

ALTERNATIVE TAKES
Global food prices on a boil: What can Indian policy-makers do?
Agri commodity prices are pretty high, even in real terms, but they are not unprecedented. There is certainly need for caution, but no need to panic, argue ASHOK GULATI and KANUPRIYA GUPTA, suggesting that the right policy choices could cushion the p oor against price hikes while greater investment in agriculture could ensure food security at affordable prices. More

ICAI’s move on derivatives aims at transparency in turbulent times
Chennai, March 31 How do you measure something that is yet to be realised? Difficult, but that’s what the Institute of Chartered Accountants of India (ICAI), the body that seeks to regulate the profession of accountancy in India, has ... More

Chennai is major focus for Wipro Tech
Two big facilities coming up in SEZs in city outskirts More

BSNL unlikely to get more from USO fund
New Delhi, March 31 In what could be a fresh blow to Bharat Sanchar Nigam Ltd, the Department of Telecom has conveyed that it is not in favour of giving financial support to the PSU from the Universal Services Obligation fund for rolling out ... More

Space crunch, high rentals a dampener for luxury retailers
Treading with caution on implementing roll-out plans More

Vandiperiyar tea estates: Globalisation plucking away livelihoods
More

Exporters may stand to lose from higher floor price for rice
New Delhi, March 31 The two tranche of hikes in minimum export price (MEP) for both basmati and non-basmati rice effected on March 5 and March 27 by the Union Government has much to do with retaining low-priced rice and bolstering the ... More

TODAY'S PICK (Latest Audio: English | Tamil)
Suzlon Energy (Rs 263.60): Buy
We recommend a buy in Suzlon Energy from a short-term perspective. From the charts of Suzlon Energy we note that the stock had been on a medium-term downtrend between early January and late March from Rs 460 to Rs 221. However, it found ... More

Day Trading Guide
Fresh short position can be initiated if the stock declines below Rs 1,405.L&TIn the last trading session, the stock encountered resistance at around Rs 3,150 and declined. Utilise rallies to sell the stock ... More