The Hindu Business Line : Saturday, February 21, 2009

SBI freezes new car loans at 10%, farm loans at 8% for a year
Limited period offer to run till May. Mumbai, Feb. 20 State Bank of India has taken the lead once again. This time, the country’s largest bank has frozen interest rates for a year on new car loans at 10 per cent and loans to farmers ...

Unit stake sale after Wimax rollout: Tata Comm
Mumbai, Feb. 20 Tata Communications may go in for a stake sale in its retail broadband unit, Tata Communications Internet Services Ltd (TCISL), only after the much-delayed auction of WiMax spectrum ...

User fee under study: ... L&T touches year low
Bid route for Satyam sale not favourable for L&T: Analysts. Kolkata, Feb. 20 L&T on Friday hit its year-low at Rs 610 and closed slightly higher at Rs 622.50, yielding a loss of 2.83 per cent against the previous closing on Company Law ...

Maytas Infra given more time to reply
New Delhi, Feb 20 The Company Law Board has given Maytas Infra Ltd, promoted by the family of Mr B. Ramalinga Raju, additional time till February 26 to submit its reply. The CLB was to hear, on February 24, an application moved by the ...

Pension regulator modifies proposed investment norms
Public comments sought. The Pension Fund Regulatory & Development Authority (PFRDA) on Friday evening released the modifications that it has proposed to the investment norms recommended by the expert group headed by Mr Deepak Parekh.. The ...

Long queues outside jewellery shops, now to sell
GOLD RUSH. Mumbai, Feb. 20 People have found a golden opportunity in the sharp rise in bullion prices. Even as gold jewellery buyers seem to have almost vanished in thin air, there are long queues outside jewellery shops which buy back old ...

‘Toyota going ahead with compact car’
Pune, Feb. 20 Globally most new car projects announced earlier by Toyota Motor Corporation are under reconsideration, and the India-specific compact car is the only confirmed project and is very much on track, Mr Hiroshi Nakagawa, ...

L&T studying Company Law Board order on Satyam
Mumbai, Feb. 20 The occasion was the ground-breaking ceremony of Mumbai International Airport’s integrated terminal but the mood was Satyam Computer Services. As soon as Mr A.M. Naik, Chairman and Managing Director of Larsen & ...

Banks see slowdown in export credit
Demand slackens from overseas markets due to recession. Mumbai, Feb. 20 The lack of demand from overseas markets due to recession has led to a slowdown in export credit. Despite the Government offering subsidies in the form of subvention to ...

DoT gives nod for new Internet protocol
IPv6 to improve quality of Net services. New Delhi, Feb. 20 The Department of Telecom has decided to adopt the next generation protocol for Internet services in the ...

Pranab sees protectionist trend in developed world
New Delhi, Feb. 20 India will oppose the protectionist measures that have been built into the economic stimulus packages rolled out by certain advanced countries. This was stated by the Finance Minister, Mr Pranab Mukherjee, at the 42nd ...

Markets this Week(Latest Audio:English)
The week got off to a brisk start with selling of bluechip stocks following disappointment over the interim vote-on account Union Bdget; with no relief for corporates or the equity markets in sight, investors offloaded their long positions, ...

Excess summer showers forecast for south India
Thiruvananthapuram, Feb. 20 The March-April-May quarter may see above normal precipitation over the west coast and the central peninsula, according to a leading US ...