The Hindu Business Line : Thursday, September 25, 2008

Zandu Pharma AGM called off
2 courts in Bengal restrain company from holding meeting. Mumbai, Sept. 24 It was an empty dais without the board of directors that greeted shareholders at what was to be Zandu Pharma’s 89th Annual General Meeting, until it was ...

Vedanta drops restructuring plan
Non-ferrous metals major Vedanta Resources on Wednesday announced shelving of its proposed group restructuring programme, which was intended to simplify its present corporate structure and eliminate conflicts of interest between the different ...

New twist: A share... TODAY'S PICK (Latest Audio: English/Tamil)
Jindal Saw (Rs 615.40): Buy
We recommend a buy in Jindal Saw from a short-term trading perspective. It is apparent from the charts of the stock that it has been on a steady medium-term uptrend since its 52-week low of Rs 450, recorded in early July. From this bottom, ...

Day Trading Guide

SEBI may curb announcements in buyback period
Companies may face curbs on coming up with a `buy-back' offer for purchase of shares even as the market is still in the process of discovering a `fair price' for delisting of the shares of the ...

Banking operations severely hit
About 9 lakh employees on 2-day strike. Mumbai, Sept. 24 Banking operations were severely affected on Wednesday as nine lakh bank employees went on a two-day nationwide strike in protest against the government policy of encouraging merger of ...

Volkswagen scouts for LCV partner in India
Hannover (Germany), Sept. 24 The Volkswagen group has plans to manufacture light commercial vehicles in India in co-operation with a local partner, and is currently in discussions with some companies for the purpose, according to Mr ...

20 lh kharif crop area lost to floods, says Centre
‘Rains may help preserve soil moisture for better rabi sowing’. New Delhi, Sept. 24 The Union Agriculture Ministry has officially admitted that the country has lost about 20 lakh hectares (lh) of kharif crop area on account of recent ...

Indian insurers’ credit ratings seen stable
‘Ownership change likely if foreign partners can’t provide more capital’. Mumbai, Sept. 24 The credit ratings of Indian insurance companies — both life and non-life — are unlikely to be affected in the near future ...

IFC extends $100-million loan to Idea Cellular
Spate of telecom investments defies global gloom. New Delhi, Sept. 24 Notwithstanding the slump in the global financial sector, Indian telecom sector seems to be facing no crunch in credit ...

Fears of Tata Motors pulling out of Singur loom large
Fears of Tata Motors pulling out of Singur loomed large amidst reports that a few vendors had begun to move equipment from the ...

Nooyi calls for an India-US bilateral investment treaty
Sees agriculture, infrastructure, tech development as focus areas. New Delhi, Sept. 24 Calling for the “unfettered opening of organised retail in India”, Ms Indra Nooyi, Chairman and CEO, PepsiCo, also gave her thumbs-up to the ...

European FIIs pick up US funds selling
Deutsche Securities, Swiss Finance make bulk purchases. Mumbai, Sept. 24 It appears that while US-based financial institutions have been selling Indian equities, a large proportion of what they are offloading is being picked up by non-US-based ...

Chinese walls within China’s economy
Chennai, Sept 24 A recent study by the Georgia Institute of Technology, US, placed China at the top of the countries for its ‘Technological Standing’, giving the country a score of 82.8 compared with 76 for the US, 66.8 for ...

‘Fall in coal prices fails to benefit cement cos’
Mumbai, Sept. 24 The cement sector is plagued by the double whammy of softening demand and rising input cost. Coal seems to be a burning issue. With the marginal fall in international coal prices not trickling down due to rupee ...

Storm threat for Bay, Arabian Sea in early Oct
Thiruvananthapuram, Sept 24 More indications of intense to severe thunderstorms exiting equatorial Africa to wind their way into the Indian Ocean during the course of the week, and increasingly so during the next, are becoming ...

‘Domestic airfares may go up in festival season’
New Delhi, Sept 24 Domestic air travel is expected to become costlier in the coming days. The Chief Executive Officer of Jet Airways, Mr Wolfgang Prock-Schauer, on Wednesday said that the airline will look at increasing fares during the ...