The Hindu Business Line : Saturday, February 14, 2009

Lalu cuts fares by 2% across all classes
Pay panel award impact may hit cash surplus in current fiscal. New Delhi, Feb. 13 Mr Lalu Prasad’s rather successful run as Rail Minister has suffered a slowdown of sorts in the last year of his tenure ahead of the forthcoming Parliament ...

SEBI to ease takeover norms for cos with superseded boards
Move aimed at facilitating takeover of Satyam. Mumbai, Feb 13 SEBI said it would ease its takeover regulations for companies whose boards have been superseded and replaced by the Government or other regulatory authority, smoothening the way for ...

The Union Minister for Ra... UTI ‘not averse’ to acquisitions
Fund house MD says they are well capitalised. Mumbai, Feb. 13 When the going is good when your business competitors have their backs to the wall, it may be a good idea to be open to acquisition, or so believes UTI Mutual ...

New norms will bring in more FDI: Kamal Nath
New Delhi, Feb. 13 Amid the Left Parties’ charge that the Government had by passed Parliament while announcing new FDI guidelines, the Commerce and Industry Minister, Mr Kamal Nath, on Friday said that the new guidelines correct ...

Ashok Leyland sees signs of recovery, but pares investments
Chennai, Feb. 13 Commercial vehicles manufacturer Ashok Leyland believes that the worst is behind for the commercial vehicles industry but has pared investments and cut costs to tackle the slowdown in ...

TCS hints at hit in earnings this quarter
Impact of delay in IT budgets finalisation by clients in Dec. Mumbai, Feb. 13 Tata Consultancy Services (TCS) on Friday indicated that delay in finalisation of IT budgets by clients could impact the company’s earnings ...

Rail Budget: Tall claims, but short on substantial efforts
New Delhi, Feb 13 For a politician introducing the Railway Budget for 2009-10, as the speech in Mr Lalu Prasad puts it, the entire exercise is cleverly packaged to tom-tom the scorecards of his stewardship in the Railway Ministry for the ...

Forex speculation drives corporate losses
Apart from the poor operating results of manufacturing companies in Q3 of 2008-9, there was a nasty surprise. Practically all, be they giants or SMEs, have incurred large foreign exchange ...

Reliance Infra unveils another buy-back plan
Targets Rs 700-cr worth stocks at Rs 700/share. Mumbai, Feb. 13 Reliance Infrastructure on Friday announced a share buy-back plan, just a week after it completed the first ...

New money-back policy from LIC
Jeevan Varsha launch on Monday. Kolkata, Feb. 13 In a final move to mop up premium target in 2008-09, the Life Insurance Corporation of India is launching its first close-ended, regular premium, guaranteed return money back policy on Monday, ...

Subhiksha revival hinges on speedy debt restructuring
Revival plan submitted to banks; 2-year moratorium sought. Discount retailer Subhiksha’s revival hinges on the speedy completion of the corporate debt restructuring, perhaps the first for a non-manufacturing entity, initiated by the ...

Renault will stick to Chennai plan
We will be back on our feet soon: Bilaine. Mumbai, Feb. 13 French carmaker Renault is categorical that it will not pull out of India despite the slowdown that has derailed its ...

Domestic tyre makers in for more competition
As Govt begins issuing import licences sought by foreign cos. New Delhi, Feb. 13 Domestic tyre producers will have to face, once again, increased competition as the Government has started issuing licences to allow import of truck and bus radial ...

E-auction will give Satyam needed liquidity: B.K. Modi
‘Open market share acquisition won’t solve firm’s financial woes’. Hyderabad, Feb. 13 With SEBI announcing takeover norms to facilitate finding suitors for Satyam-like companies, Mr B.K. Modi, Chief of the Spice group, ...

Sugar sector outlook for 2009 stable: Fitch
Prices likely to remain range-bound. The outlook for India sugar in 2009 is positive and the sweetener may buck the commodity trend, said Fitch Ratings in its latest assessment of the sugar sector. Sugar price increase was unavoidable because of ...

Markets this week (Latest Audio:English/Tamil)
A substantial number of promoters in India Inc have pledged shares worth over Rs 5,000 crore at current market value, as security for loans availed from banks and ...

Fog envelops plains, mercury seen inching up
Thiruvananthapuram, Feb. 13 Lingering moisture and ambient surface temperatures combined to throw up a fog cover over the Indo-Gangetic plains on ...