The Hindu Business Line : Friday, April 24, 2009

Reliance Q4 net declines 9.4% on shrinking refining margins
Profit drops 21% for full year; KG production likely to be scaled up. Mumbai, April 23 Reliance Industries has reported its second consecutive decline in quarterly net profit, as adverse global conditions continued to shrink its refining ...

Sensex gains over 300 on heavy buying in IT, metal stocks
Mumbai, April 23 Heavy buying in index stocks, particularly in IT and metal sectors, pushed up the benchmark indices on Thursday as market sentiment was boosted by expectations of better corporate ...

Exercising their franc... TODAY'S PICK (Latest Audio: English/Tamil)
EIH (Rs 117.10): Buy
We recommend a ‘buy’ in the EIH stock from a short-term perspective. It is evident from the charts of EIH, that following an intermediate-term downtrend between late December 2008 and March 2009 from Rs 146 to Rs 85, the stock ...

Day Trading Guide

SEBI debars Pyramid Saimira promoters Nirmal Kotecha, Saminathan
Over 250 other entities also barred from trading in market. Mumbai, April 23 Markets regulator SEBI has in an interim order debarred Mr Nirmal Kotecha, a former promoter of Pyramid Saimira Theatre Ltd (PSTL), and over 250 other entities from ...

Deal conversions likely to improve this fiscal, says TCS
Bangalore, April 23 Tata Consultancy Services Ltd expects deal conversions to improve in the current fiscal even though the environment remains challenging and industry experts believe recovery is yet ...

‘Vegoils import surging on lack of stocks’
Shipments into the country may top last year’s record. Lack of stocks, including in the pipeline, is one of the reasons for imports of vegetable oils surging during the current oil year ...

IT contracts’ value dips 21% in March quarter
The value of total IT contracts awarded globally in the quarter ended March 2009 is at $19 billion, down 21 per cent sequentially and 22 per cent year-on-year, according to TPI, an IT ...

Costlier non-food items push up inflation rate to 0.26%
Wholesale Price Index for all commodities at 228.8. New Delhi, April 23 The annual Wholesale Price Index-based inflation rose 0.26 per cent during the week ended April 11, above the previous week’s annual rise of 0.18 per cent, government ...

‘Fluid’ situation for BJP veteran in Indore
Indore: “Liquor, liquor everywhere but no water to drink” is the theme song for the Congress in Indore, which is seeking to dislodge the six-time BJP MP, Ms Sumitra Mahajan, from this prestigious seat in ...

Domestic markets likely to see high volatility
NSE volatility index surges above 50. Mumbai, April 23 The domestic stock market may see more uncertainty in the near term, going by the way the NSE Volatility Index (VIX) has closed above 50 for the last six ...

Positive bias in rupee
Heightened volatility was witnessed in forex markets over the past few sessions as currencies gyrated on rising and ebbing risk-aversion caused by the slew of corporate earnings and renewed fears regarding the health of banks. Dollar ...

Gross NPAs of banks to triple by 2011: Crisil
Mumbai, April 23 Gross non-performing assets of the banking sector are likely to touch 5 per cent by 2011, from 2.3 per cent in 2008. In absolute terms, the gross NPAs would increase to about three times from the March 2008 level of Rs ...

Dept of Space raises concern over using 2.5 Ghz for broadband wireless service
New Delhi, April 23 The Department of Space (DoS) has raised concerns with the Department of Telecom’s proposal to allow the use of 2.5 Ghz band for broadband wireless access services on the ground that it could create interference with ...