The Hindu Business Line : Saturday, February 28, 2009

Reliance moves to merge Petroleum with itself
Mumbai, Feb. 27 It was not entirely unexpected from Mr Mukesh Ambani, but its timing took the investment ...

RPL merger inevitable and expected: Experts
RIL will get greater muscle in negotiating crude prices. Mumbai/Chennai, Feb. 27 Reliance Industries’ proposal to merge Reliance Petroleum (RPL) with itself is “a move on the expected lines”, according to top industry experts ...

Mr B. Muthuraman, Managin... India fares better than developed markets
But comes last among BRIC as Brazil, China gain. Mumbai, Feb. 27 Indian equity indices have fared better than their counterparts in developed countries in the past month. However, they have not done as well as the other BRIC nations, which have ...

Slowdown hurts Q3 GDP growth
Economy expands 5.3%, slowest quarterly growth in 6 years. New Delhi, Feb. 27 The country’s gross domestic product (GDP) expanded by 5.3 per cent in October-December 2008, the slowest in any quarter in the UPA regime and in almost the ...

Rupee slips to record low of 51.15
Mumbai, Feb. 27 The rupee closed at a life-time low of 51.15 to the dollar on Friday on account of heavy month-end demand for the greenback, weak GDP numbers, and diminishing ...

Chevron likely to exit RPL
New Delhi, Feb. 27 Chevron Corp, which holds a five per cent stake in Reliance Petroleum Ltd (RPL), is likely to exit the company, say industry ...

Centre’s stimulus, RBI’s headache?
After repeated announcements since January when the second stimulus plan was unveiled that there would be no more relief measures, key policymakers have suddenly discovered a rich lode of opportunity waiting to be mined before the Code of ...

Tata Steel consolidated Q3 net profit down 68%
Optimistic steel demand in India is on a revival path: Muthuraman. Mumbai, Feb 27 Hit by the 40 per cent cut in production in Europe, Tata Steel has reported a 68 per cent drop in the consolidated net profit at Rs 732 crore (Rs 1,402 crore) for ...

Muted credit offtake adds to liquidity overhang
Cos restrict borrowings in anticipation of rates softening. Bangalore, Feb. 27 Credit offtake has slumped leading to worsening of liquidity overhang in the banking ...

L&T appoints investment bankers for Satyam
Mumbai, Feb. 27 Larsen & Toubro is believed to have appointed investment bankers Citigroup and Nomura to advise a possible deal with the scam-tainted Satyam Computer ...

Markets this week (Latest Audio:English)
Following a holiday on Monday on account of Maha Shivrathri, the Indian stock markets opened on Tuesday with a negative bias. The overnight slump in US markets followed by weak Asian and European market sentiment also contributed to the ...