The Hindu Business Line : Friday, February 06, 2009

Satyam insider is CEO
A.S. Murty a surprise choice; Khusrokhan, Datta appointed Special Advisors. Hyderabad, Feb. 5 Ending days of speculation, the Government appointed Satyam Board has opted for Mr A.S. Murty, an insider, for the top slot to steer the embattled ...

Posco plans $1-b processing plant in Maharashtra; land acquisition under way
Mumbai, Feb. 5 The South-Korean steel manufacturer Posco is planning a $1-billion (Rs 4,800-crore) greenfield steel processing facility in ...

Sustainable development: ... TODAY'S PICK (Latest Audio: English/Tamil)
OnMobile Global (Rs 236): Buy
We recommend a buy in OnMobile Global from a short-term trading perspective. It is clearly visible from the charts of OnMobile Global that after witnessing a sharp sell-off during October 2008, the stock found support recording its 52-week low of ...

Day Trading Guide

59 Mastek ‘benched’ staff to quit
Mumbai, Feb. 5 Fifty-nine employees of Mastek Ltd have decided to leave the company three days after the IT firm ‘benched’ 10 per cent of ...

Tata Motors sees no serious payment issue
Nearly three-fourth of vendor payments made through bill-marketing scheme: Ravi Kant. Mumbai, Feb. 5 There could be some delay in payments to 25 per cent of Tata Motors vendors who are not under its “bill marketing scheme,” a ...

Vishal Retail to close down a third of its outlets
Feels the heat of global credit crunch; cuts down staff base by 70%. Mumbai, Feb. 5 Delhi-based Vishal Retail is planning to close down about one third of its 172 retail outlets and downsize its staff across the country due to ...

Inflation rate drops on cheaper food items
Wholesale Price Index for all commodities at 230.1. New Delhi, Feb. 5 The annual Wholesale Price Index-based inflation rose 5.07 per cent in the week ended January 24, lower than the previous week’s yearly rise of 5.64 per cent. Inflation ...

Retailers falter as same-store sales skid
Profits fall by more than half in December quarter. The retail sector saw a disheartening December quarter, with a sharp deceleration in sales growth and a contraction in profits. Sales growth for the quarter slid to 15 per cent, from 65 and 61 ...

The smiling man at Satyam’s helm
Hyderabad, Feb. 5 At Satyam, ASM means, ‘Always Smiling Murty’. This ‘smiling Murty’, finds himself suddenly vested with the challenge of steering his company out of, paradoxically, a rather ...

Satyam appoints lawyers to fight class action suits
SEC team in Hyderabad, holds talks with company’s board. Hyderabad, Feb. 5 The beleaguered Satyam Computer Services has decided to fight 12 class action suits filed against it in the US by appointing Wachtell, Lipton, Rosen & Katz ...

Reliance, ONGC agree to share drilling rigs
Bid to cut cost, overcome rig shortage. New Delhi, Feb. 5 In a move that could be seen as achieving two objectives with a single effort, hydrocarbon majors Reliance Industries Ltd (RIL) and ONGC have decided to share exploratory facilities such ...

Fertiliser cos break phosphoric acid supply cartel
DAP import helps in striking deals for acid at $730-760/t. New Delhi, Feb. 5 Indian fertiliser companies claim to have broken a ‘cartel’ of phosphoric acid suppliers who till recently were not willing to offer this crucial raw ...

Banks to beef up data security measures
Setting up ‘near-sites’ to capture all transactions on real-time basis. Mumbai, Feb. 5 In order to ring-fence their services from serious disruptions arising out of possible terrorist attacks, floods, earthquakes, strikes, et al, ...

Younger India, greying politicians
What’s common between Kerala’s Chief Minister, Mr V. S. Achutanandan, and the Union Minority Affair’s Minister, Mr A. R. Antulay? Both the politicians created embarrassment for their parties and the common ailment that ...

Money wise: How women are handling recession
Many are putting on hold all spending that can wait. How long will this recession last, is the question everyone asks. Experts say the worst is yet to come! This has ignited a lot of concern among working women, many of whom are seeing a ...