The Hindu Business Line : Friday, February 27, 2009

US regulator’s action sends Ranbaxy share tumbling 18%
FDA halts review of company’s applications on ‘falsified data’. New Delhi, Feb. 26 Ranbaxy Laboratories Ltd’s share price on the Bombay Stock Exchange fell by 18 per cent to close at Rs 169 on ...

Rs 325-cr package unveiled for leather, textile export sectors
Procedures simplified to prune transaction costs. New Delhi, Feb. 26 A special package of Rs 325 crore for the employment-intensive leather and textiles export sector, fast settlement of duty credit scrips for duty paid in export production and ...

Bid for steel sourcing: M... TODAY'S PICK (Latest Audio: English/Tamil)
Amtek Auto (Rs 73.75): Buy
We recommend a buy in Amtek Auto stock from short and medium-term perspective. It is evident from the charts of Amtek Auto that following a breakthrough of the significant support at Rs 150 in October 2008, the stock witnessed sharp sell-off. ...

Day Trading Guide

Rupee falls sharply to 50.48 against dollar
Mumbai, Feb. 26 The rupee fell sharply against the dollar on Thursday and inched closer to the psychologically important 50.50 mark, pressured by huge demand for the ...

CLB suggests four more directors on Maytas Infra board
New Delhi, Feb. 26 The Company Law Board (CLB) on Thursday suggested the appointment of four directors for Maytas Infra Ltd. They would be appointed in addition to the existing three directors on the company ...

Cheaper food items keep inflation rate down
Wholesale Price Index of all commodities at 227.8. New Delhi, Feb 26 The annual Wholesale Price Index-based inflation rose 3.36 per cent during the week ended February 14, way below the previous week’s annual rise of 3.92 per ...

‘Tax ambiguity on certain services exports removed’
The Commerce and Industry Minister, Mr Kamal Nath, today said that the “existing ambiguity” relating to applicability of “export of services” provisions on certain services has been removed following a Revenue ...

Nano finally gets a date
Launch on March 23; bookings from April 2nd week. Mumbai, Feb. 26 The Tata Nano will be finally launched on March 23, just a week before a difficult fiscal for the automotive industry draws to ...

Nano booking likely to cost Rs 70,000
Mumbai, Feb.26 The Nano could be the least expensive car at a little over Rs 1 lakh but its booking amount is not going to come cheap, say Tata ...

‘All cash’ buys hurt passenger car dealers
Dealers losing out on commission. Bangalore, Feb. 26 For passenger car dealers, the number of cash purchases has almost doubled during the past one year, thus reducing their earnings from auto-finance ...

Order conversion into business slow: TCS
To freeze lateral hiring; rework salary packages. Kolkata, Feb. 26 Drawing a bleak picture for the year ahead Mr S. Ramadaroi, Chief Executive Officer and Managing Director of the Tata Consultancy Services, said on Thursday that the company was ...

DoT wants audit report on RCom in 3 months
TRAI seeks review of revenue reporting norms. New Delhi, Feb. 26 The Department of Telecom has asked the special auditors examining the books of Reliance Communication to submit its report within three ...

Banks investing in liquid schemes of mutual funds
Better returns, redemption on call prove attractive. Mumbai, Feb. 26 With India Inc’s appetite for funds gradually waning in view of the economic slowdown, banks are increasingly channelling their surplus funds to the liquid schemes of ...

VAT collections unaffected by slowdown
There has been no decline in VAT collections in any State during April-January in the current fiscal despite the current slowdown in the economy, Parliament was ...

Mapping your mind as you talk on your mobile
LOVE DETECT. Be careful when you speak with your lover on the mobile in future. Technology will analyse voice patterns to see if the person is speaking honestly, affectionately ...

Satyam board readies framework for open bid route
Hyderabad, Feb. 26 A ‘framework’ to undertake the open bidding route to rope in a suitable strategic investor to take over the reins of the scam-hit Satyam Computer Services has been readied by the ...

TCS puts on notice 130 staff in UK
Mumbai, Feb. 26 About 130 employees of Tata Consultancy Services in UK, servicing financial services company Legal & General, could lose their jobs as they have been put on a 90-day consultation period. These 130 employees had come on ...