The Hindu Business Line : Saturday, April 11, 2009

Domestic insurance cos pump Rs 53,000 cr in equity markets
LIC invested close to Rs 40,000 cr in 2008-09. Mumbai, April 10 Domestic insurance companies’ investments in equities rose sharply during the fiscal ended March 2009; their net purchase of equity rose 70 per cent during this ...

Bank credit rises 3% in year-end fortnight
Mumbai, April 10 Bank credit rose substantially by Rs 79,499 crore for the fortnight ended March 27 as banks tried to increase the credit offtake to meet the year-end ...

Finding succour: Rural wo... Tax avoidance through mutual funds
The concept of mutual funds came into vogue to protect small investors against the vagaries of the stock market. The way it operated provided scope for tax avoidance on a big scale. Walfort Share and Stock Brokers (P) Ltd happened to be ...

International air fares dip as fuel prices, corporate travel decline
More seats open for bookings this time. New Delhi, April 10 If you are itching to see the change of Guard at Buckingham Palace in London, climbing to the top of the Eiffel Tower in Paris or going with your wife to visit cousins in Dubai, then ...

Banks may go slow on issue of debit-cum-ATM cards
Worried over costs of free transactions across ATMs. Hyderabad, April 10 The free use of any ATMs for cash withdrawal (since April 1) may have led to an unanticipated casualty: Banks are likely to go slow on the issue of ...

Tata Steel expects to post 20% growth in output, sale
Bets on quality products, aggressive marketing this fiscal. Kolkata, April 10 In 2009-10, Tata Steel hopes to post 20 per cent growth in production and sale in its Indian operation as compared to an estimated growth in steel demand of four-five ...

Export demand slump hits barley prices
Higher global output, carryover stocks add to growers’ woes. Chennai, April 10 Barley prices are ruling lower by at least Rs 200 a quintal in various markets across the country on lower export demand and recovery in global production. In ...

Jan-March could be worst quarter for IT services sector
Cos continue to face pricing pressure, project cancellations. Bangalore, April 10 The January-March quarter might turn out to be the worst ever for the Indian IT services sector as companies continue to face uncertainty in volumes amidst ...

RBI makes changes in loan structuring formula
Banks likely to gain on the provisioning front. Mumbai, April 10 Banks, busy finalising their accounts for the financial year ended March 31, 2009, will be relieved as the Reserve Bank of India has finally come out with a clarification on how to ...

Af-Pak in full throttle!
Two millennia ago, the Arthashastra of Chanakya and Panchatantra of Vishnu Sharma enjoined extreme caution on a ruler when suddenly emissaries from another country descended upon him, flattering him to the skies and ardently pressing him to join ...

‘India’s growth likely to be far more than global estimates’
Stimulus package can sustain growth, says Arvind Virmani. India’s economic growth is likely to be far higher than estimates and forecasts made by ...

I would have quit if the N-deal had failed: PM
MEET WITH WOMEN PRESS CORPS. New Delhi, April 10 In the five years at the helm of the UPA Government, it was the Indo-US nuclear deal that the Prime Minister, Dr Manmohan Singh, found most ...

Nitish riding the incumbency advantage
Patna: It is really an ‘in the face’ kind of thing in Patna. Anybody you talk to — your driver, the fruit-seller, to an economist, a bureaucrat or even a former Congress MLA — the message is simple ...

AIADMK candidates combine experience and loyalty
Chennai: The care taken by the All India Anna Dravida Munnetra Kazhagam (AIADMK) leadership in the selection of its candidates for the May 13 Lok Sabha poll in Tamil Nadu shows the importance the party attaches to this ...

Markets this week
The Indian bourses on Monday opened strongly and finished the day with a positive bias. The benchmark Sensex surged 186 points to close at 10535, while the Nifty gained 45 points to end ...

More rains forecast for South ahead of ‘low’
Thiruvananthapuram, April 10 India Meteorological Department (IMD) has forecast heavy rainfall over South Kerala and South Coastal Tamil Nadu during the next two days, ahead of the formation of a low-pressure area over Southwest Bay of ...