The Hindu Business Line : Friday, January 30, 2009

Spice Group keen to acquire 51% in Satyam: B.K. Modi
Satyam board member Tarun Das says 6-7 firms interested in buy-out. New Delhi, Jan. 29 As many as six to seven companies – including global and Indian entities and PE firms – are interested in completely buying out the scam-stung ...

Toyota Kirloskar shuts doors on contract workers
Bangalore, Jan. 29 Toyota Kirloskar Motor has decided not to recruit any more contract workers and has let go over 400 existing contract workers as it battles a major recession in the ...

Additional role: The Mini... TODAY'S PICK (Latest Audio: English/Tamil)
Biocon (Rs 100.05): Sell
We recommend a ‘sell’ in Biocon for a short-term trading perspective. It is visible from the charts of Biocon that after finding support at its 52-week low of Rs 86 in late November 2008, it began to move up. This up move ...

Day Trading Guide

No fuel on credit for Kingfisher Airlines, only ‘cash & carry’
Bangalore, Jan. 29 Kingfisher Airlines will now have to pay upfront to buy aviation turbine fuel from oil companies to operate its regular ...

Accenture employees go without leave till March 31
IN FULL CHARGE. Bangalore, Jan. 29 If you happen to be an Accenture employee in India, you will have to stop dreaming about taking leave at least for the next couple of ...

Smaller IT vendors feel the pinch of global meltdown
Low volumes, pricing pressure drag down sequential growth. Bangalore, Jan. 29 The economic downturn has impacted the small and mid-sized IT firms more than their larger counterparts as evident in the rather sluggish sequential growth for the ...

18 banks have Rs 660-cr exposure to Satyam
No need to worry much, says RBI official. Hyderabad, Jan. 29 Eighteen banks, which include both Indian and multi-national entities, have varying degrees of exposure to the crisis-ridden Satyam Computer Services. The information, gathered by the ...

Foreign investors’ net selling crosses $1 b in Jan
Analysts say Indian equity will face pain in near-term. Mumbai, Jan. 29 Over the last three weeks, post the Satyam chief’s confession of an accounting fraud in the company, FIIs have been net sellers of Indian equities for more than $1 ...

Wheat support price hiked to Rs 1080/quintal
New rate may lead to overflowing public grain inventories. New Delhi, Jan.29 After much dithering, the Centre has finally announced the minimum support prices (MSP) for the current year’s rabi ...

Manufactured goods lift inflation rate to 5.64
Rise in the prices of manufactured goods pulled up the inflation rate marginally to 5.64 for the week ended January 17, against 5.60 in the preceding ...

Higher treasury income, margins boost banks’ Q3 profit growth
Fall in lending rates may hit NIMs, net interest income in future. Chennai, Jan. 29 Even as many other sectors have disappointed, banks have delivered impressive profit growth in the December quarter, with the average net profit growth for the ...