The Hindu Business Line : Thursday, February 12, 2009

Govt provides sops for fertiliser cos to switch to natural gas
National Fertilizer, Gujarat Narmada Valley to gain from new policy. New Delhi, Feb. 11 National Fertilizers Ltd (NFL) and Gujarat Narmada Valley Fertilizers Company (GNFC) will benefit hugely from the Centre’s new policy providing for a ...

CCEA okays proposal to ease FDI norms
The Government on Wednesday streamlined the methodology for calculating the total foreign investment in Indian companies, under which it has excluded indirect investment routed through entities ultimately controlled by Indians from the ...

Mr Kamal Nath, Union Mini... TODAY'S PICK (Latest Audio: English/Tamil)
Siemens (Rs 221.35): Buy
We recommend a buy in Siemens from a short-term trading perspective. It is clearly visible from the charts that after encountering resistance around Rs 322 in early January, it witnessed a sharp tumble. However, the stock found support at Rs ...

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Defence spends won’t be cut: Antony
IAF plans to buy 126 fighter planes for $10 b. Defence expenditure towards modernising the Armed Forces will continue to get priority, regardless of the economic downturn that is now showing up in the country, the Defence Minister, Mr A.K. ...

Govt to inject Rs 3,800-cr capital into 3 banks
Tapping market not a viable option now: Chidambaram. New Delhi, Feb. 11 The Centre has decided to infuse Rs 3,800 crore in three State-owned public sector banks — UCO Bank, Central Bank of India and Vijaya Bank — to improve their ...

Telecom, retail, aviation to gain from FDI policy
Bharti Airtel, Vodafone could be major beneficiaries. New Delhi, Feb. 11 The Government’s decision to relax foreign direct investments norms will have major benefits for companies in telecom, aviation, retail, insurance and media ...

Satyam board to outline long-term roadmap soon
Karnik confident on February salary payment. Mumbai, Feb. 11 Just a day ahead of Satyam Computer’s board meeting in Mumbai, its Chairman, Mr Kiran Karnik, on Wednesday exuded confidence that the company would be able to pay the February ...

ICE writes down $16 m investment in NCDEX
Mumbai, Feb. 11 Atlanta-based Intercontinental Exchange (ICE) has made a $16-million charge to write down in the value of its 8 per cent stake in the National Commodity and Derivatives Exchange ...

Wall Street Journal facsimile editions cleared
New Delhi, Feb. 11 The Ministry of Information and Broadcasting has given its approval to the facsimile edition of The Wall Street Journal and The Wall Street Journal ...

‘Charging extra for card use is violation of rule’
Mumbai, Feb.11 A colleague who recently bought an iPod from an electronic store in Lamington Road, Mumbai, was asked to pay an additional 2 per cent for the payment by credit card. Luckily for her, there was an ATM nearby and she was able ...

To beat the blues, movie theatres pamper viewers
Woo clients with gifts, premium service. New Delhi, Feb. 11 Watching a movie could now take you to China. Cinema theatres have begun to offer gifts, including free trips, to ...

Tata Power plans to import 7 mt of coal
Co looking at sources other than Indonesia. Mumbai, Feb. 11 Tata Power Company Ltd, which holds 30 per cent stake in a group of coal mines in Indonesia, is now scouting for other sources to import about seven million tonnes of coal for its ...

SEBI may keep a tab on investment advisors
Chennai, Feb. 11 SEBI is looking at regulating investment advisors and ensuring broking houses set up decentralised arbitration centres to protect investors’ interest, according to Mr M.S. Ray, Executive ...