The Hindu Business Line : Friday, February 13, 2009

Renault may drop plans to set up plant in Chennai
Nissan likely to build a smaller facility on its own. Chennai/Mumbai, Feb. 12 French car maker Renault has said that it is reviewing plans for its factory in Chennai and may even completely abandon ...

Airlines told to give fare break-up on Web sites
New Delhi, Feb. 12 Domestic air travelers making bookings on airline Web sites may soon not have to worry about how much more they will have to pay in the form of surcharges in addition to the basic fare being charged by ...

Fighting recession: Mr N.... TODAY'S PICK (Latest Audio: English/Tamil)
HEG (Rs 107.45): Buy
We recommend a buy in the stock of HEG from a short-term trading perspective. It is apparent from the charts of HEG that after encountering resistance at around Rs 293 in August 2008, it resumed its downtrend. Since then, the stock was on ...

Day Trading Guide

Industrial output dips 2% in Dec
Manufacturing index declines 2.5% year-on-year. New Delhi, Feb. 12 Indian industry has recorded a dismal minus two per cent growth in December, with employment-intensive sectors such as textiles, leather, wood products and transport equipment ...

Recession arrow fails to hit romance
CUPID’S MAGIC. Mumbai, Feb. 12 Whoever said money can’t buy you love? Economic slowdown notwithstanding, the party will still be on this Valentine’s ...

More car makers partner PSU banks for finance
Move to push sales with attractive interest rates. Mumbai/New Delhi, Feb. 12 With car sales showing signs of revival, more car manufacturers are signing up with public sector banks for attractive rates of interest to push ...

‘Top brass should be first to take pay cut, if needed’
Mumbai, Feb. 12 Infosys seems to believe in effecting salary cuts rather than firing people, while vouching for supportive measures to small IT companies by the Government to fight the ...

Inflation rate cools below 5% on fuel price cuts
Wholesale Price Index for all commodities at 228.4. New Delhi, Feb 12 The annual Wholesale Price Index-based inflation rose 4.39 per cent during the week ended January 31, way below the previous week’s yearly rise of 5.07 per cent. The ...

Do IIP figures negate GDP growth estimate?
New Delhi, Feb. 12 The 7.1 per cent growth rate in the country’s gross domestic product (GDP) for 2008-09 according to the Centre’s ‘advance estimate’ made earlier this week appears to be now on the higher ...

First cloned buffalo calf developed, but tragedy strikes
‘No complications at birth’; second one expected in May. Chennai, Feb.12 A week ago, Dr S.K. Singla and his team of scientists had everything to be happy about. They had succeeded in developing the country’s first cloned ...

‘We’ve put out the fire, ensured financial stability’
Our job now is to find a home for Satyam, says Karnik. Mumbai/ New Delhi, Feb. 12 The cash-strapped Satyam Computer Services board may pledge its land holding to raise funds. The company is reported to be holding lands worth Rs 1,500-1,700 ...

HAL gets back 450 of its former employees
ALH, Chetak copter business looking up. Bangalore, Feb. 12 Recession seems to be working positively in a way for the State-owned Hindustan Aeronautics Ltd, which says it has got back 450 of its former employees after it advertised jobs ...

IT cos look to push campus hiring closer to pass-out date
Mumbai, Feb. 12 Students of the country’s best engineering colleges may now have to wait till their final year for clinching a job with an IT firm. In a bid to get greater visibility of the business environment while hiring, IT ...

The RBI: Down memory lane
In the recent period, there have been two books on the Reserve Bank of India (RBI) on behind the scene chronicles from an individual’s vantage point. First is Reminiscences of a Central Banker by V. G. Pendharkar . The ...

Rain may extend to more parts in North
Thiruvananthapuram, Feb. 12 A fresh weather-maker western disturbance is forecast to affect the western Himalayas during the next three days even as late rains have triggered hopes of a good Rabi wheat crop this ...