The Hindu Business Line : Thursday, March 19, 2009

Russian Govt may pick up 20% stake in Sistema Shyam
Deal could be aimed at bailing out Sistema. New Delhi, March 18 The Russian Government may pick up a 20 per cent stake in Sistema Shyam Teleservices for close to $700 ...

NRIs shifting funds from dollar to rupee accounts
Mumbai, March 18 Non-resident Indians (NRIs) appear to be making the most of the rupee’s depreciating trend against the dollar. By liquidating their foreign currency non-resident (banks) deposits denominated in dollars and parking ...

Bullish on growth: Dr Abh... TODAY'S PICK (Latest Audio: English/Tamil)
Thermax (Rs 174.65): Buy
We recommend a buy on Thermax stock from a short-term trading perspective. We observe from the charts of Thermax that from December 2008 high of Rs 222, the stock was on a medium-term downtrend till it found support at around Rs 150 in ...

Day Trading Guide

Kingfisher in talks with GVK for repayment of dues
Owes Rs 19.70 cr to Mumbai Intl Airport towards landing, parking fees. Mumbai, March 18 Kingfisher Airlines is in talks with the GVK-led Mumbai International Airport (MIAL) over repayment of Rs 19.70-crore dues for a host of overheads relating ...

Tirupur: Do rising job ads signal good times?
‘There is still high demand for skilled workers’. Coimbatore, March 18 If you are out of job and want one, Tirupur is probably a place that can give you ...

Orange Realty’s India subsidiary plan approved
New Delhi, March 18 The Government today allowed Orange Realty to set up a wholly owned subsidiary in India. The company has already received Rs 2,051 crore from IREO Investment Holding III, a Mauritius-based fund focused on setting up ...

Indian holdings in US treasuries soar to $32.5 b
Sharp drop in forex reserves due to RBI support for oil refineries. Bangalore, March 18 India’s holdings of the US Government securities rose by $17.9 billion on a year-on-year basis despite a sharp contraction in foreign ...

Direct tax mop-up surpasses previous fiscal’s collections
Centre well on course to exceed revised estimate. New Delhi, March 18 Contrary to expectations, the Centre’s direct tax collections this year have already surpassed the total net collections of fiscal 2007-08. Going by this collection ...

Zero duty on pulses to continue for another year
Trade bitter over extension of ban on exports. New Delhi, March 18 The Centre, on Wednesday, extended the imports of pulses at zero Customs duty by one more year, while extending the ban on their exports, barring chickpeas (or Kabuli chana) for ...

Agriculture hostage to knee-jerk actions
The United Progressive Alliance (UPA) came into office in May 2004 with a comfortable public foodgrain stocks position. Now, as it demits power, the ruling alliance leaves behind burgeoning granaries. The country was heavily deficit in ...

6 tower infra firms make the cut for BSNL project
GTL, Spanco, Acme among lowest bidders for $1-b work. New Delhi, March 18 Telecom infrastructure companies including Acme, GTL Infra, Spanco and KEC have emerged as the lowest bidders for Bharat Sanchar Nigam Ltd’s project to roll out ...

Cement stocks outdo Sensex
Significant amount of mutual fund buying in stocks. BL Research Bureau Cement stocks have witnessed a significant rally in 2009 as compared to the benchmark ...

Will it be ‘Untied’ Progressive Alliance?
After the body blow dealt on the BJP by Naveen Patnaik’s Biju Janata Dal, now the Congress gets ...

Parties may feel diamond’s cutting edge
The global economic recession is set to make its impact on the Indian elections. When voters cast their ballot to elect their Members of Parliament for Gujarat, one of the issues that will influence them will be the crisis in the ...

AS 11: India Inc. vs ICAI
Indian industry associations are demanding suspension of the provisions of AS 11 that require recognising foreign exchange losses in the profit and loss (P&L) account. The ICAI is unwilling to concede their demand. Does Indian industry have ...

Should accounting be driven by economic conditions?
Adding to the list of other ongoing conflicts is the recent spat between an industry body and the accounting regulator. The hot question is whether the Institute of Chartered Accountants of India (ICAI) should enforce its book-keeping ...

Wheat regions may get rains from Friday
Thiruvananthapuram, March 18 Maximum temperatures have risen by 4-5 deg Celsius over parts of north Rajasthan and the western Himalayan region even as a weather-maker western disturbance lay in wait over north Pakistan and adjoining Jammu ...