The Hindu Business Line : Tuesday, February 17, 2009

An account for votes
Nothing for industry; Govt to collect less taxes, spend more. New Delhi, Feb. 16 With an eye on the elections, the Interim Budget for 2009-10 has put the ‘aam aadmi’ (common man) at the centre stage. The Government has increased the ...

‘It’s not proper for us now to make tax policy changes’
Govt in talks with RBI to raise additional Rs 45,000 crore; MSS unwinding among options. New Delhi, Feb. 16 The Government chose to respect Constitutional propriety over expediency while presenting the Interim Budget for 2009-10. As a result, it ...

Anyone who expected Mr Pr... TODAY'S PICK (Latest Audio: English/Tamil)
Akruti City (Rs 1,012.55): Sell
We recommend a sell in Akruti City stock from a short-term trading perspective. It is evident from the charts of Akruti City that after taking support at Rs 550 in mid-January, which is also a 52-week low, it bounced back. From this trough to ...

Day Trading Guide

Hand it to them
If nothing else, the Prime Minister, Dr Manmohan Singh, appears to have influenced at least the last paragraph of Mr Pranab Mukherjee's Interim Budget ...

Sensex drops 3%
Budget disappointment, global cues dampen sentiment. Mumbai, Feb. 16 Little was expected from the pre-election Vote-on-Account on Monday; but with no relief at all in it for corporates or the equity markets, investors offloaded their built up ...

Domestic air traffic declines in Jan
New Delhi, Feb. 16 Domestic air travellers continue to keep away from the skies. The latest data collated by the Directorate-General of Civil Aviation (DGCA) for January this year show a 14.65-per cent decline in domestic traffic as compared ...

Hindalco board okays tapping share premium reserve
Hindalco, India's biggest aluminium producer, proposes to use its share premium reserves to write off expenses incurred by the company on international acquisition and domestic ...

The 16th vote-on-account
INTERIM IN NATURE. New Delhi, Feb. 16 Acting Finance Minister Mr Pranab Mukherjee presented the country’s 16th vote-on-account in Parliament on Monday for fiscal ...

Centre’s tax revenues take a Rs 60,000-cr hit
The brunt of the total shortfall borne by indirect taxes. New Delhi, Feb.16 The economic slowdown has severely dented the Centre’s tax collections, with gross revenues falling short of budgeted targets by almost Rs 60,000 ...

Drug cos applaud rural health mission spend
Cos supplying to Centre’s health schemes to benefit. Mumbai, Feb. 16 Drug-makers had no great expectations from the interim Budget 2009, so naturally, there was little disappointment as well. But, they are lauding the Budget’s Rs ...

India Inc sees positives and gaps too in Interim Budget
Increased spending on infrastructure, social sector welcomed. New Delhi, Feb. 16 Industry captains reacted in a mixed manner to the interim ...

Business recovery may take 2-4 years: Infosys
‘Downturn opening up new markets’. Chennai, Feb. 16 The Infosys Technologies Ltd Managing Director and CEO, Mr S. Gopalakrishnan, feels that business recovery could take between two and four years, in the worst case scenario ...

Sectors that rose the most topped list of losers
Metal and realty indices worst hit; ITC ends up. BL Research Bureau No tax breaks, no direct or in-direct tax cuts and virtually no sector-specific boosters. Dashing all hopes, the Interim Budget passed without meeting any of the expectations ...

Lending rates for infrastructure projects may come down
IIFCL to refinance 60% of bank loans for public-private projects. Mumbai, Feb. 16 Banks may get more headroom to lend to infrastructure projects as the UPA Government, in its interim Budget, has indicated that India Infrastructure Finance ...

‘No impact of economic slowdown on rural consumers’
Rural markets are vibrant and growing, reveals study. Chennai, Feb. 16 There has been no impact of the economic slowdown on the rural ...

Satyam case handed over to CBI
Hyderabad, Feb. 16 The investigation into the Rs 7,136-crore financial fraud at Satyam Computer Services was today handed over to the Central Bureau of Investigation (CBI). The CBI has come into the picture 40 days after the former ...