The Hindu Business Line : Wednesday, April 29, 2009

CORPORATE

CORPORATE BONDS: Oil refiners walk the tightrope for 2008-09
Ministry hopeful of positive show by cos. Mumbai/New Delhi, April 28 IndianOil, Hindustan Petroleum Corporation and Bharat Petroleum Corporation are literally walking the tightrope as they set about finalising their accounts ...

NEW PROJECTS: India projects high priority: ArcelorMittal
New Delhi, April 28 ArcelorMittal’s India plans may not have escaped the effects of the global economic crisis, but India is top priority among all its greenfield ...

FINANCIAL PERFORMANCE: Aditya Birla Nuvo dips deeper into red
Mumbai, April 28 Aditya Birla Nuvo, with interest in telecom, BPO, garments and insurance, has dipped deeper into the red on the back of high expenses incurred by the insurance business, expansion of cellular operations, cancellation of ...

COURTS/LEGAL ISSUES: ACC case: High Court sets aside sales tax assessment orders
Chennai, April 28 ACC, a cement giant in the country, has succeeded in its plea in the Madras High Court, to set aside the sales tax assessment orders of the Assistant Commissioner (Commercial Taxes), Coimbatore, for three years from 2001-02 ...

FINANCIAL PERFORMANCE: Asset impairment dents Aban’s profitability
Co may find the going difficult as rigs have no follow-on contracts. Aban Offshore, the country’s largest offshore oilrig service provider, reported a consolidated loss of Rs 93 crore for the quarter-ended March 2009 despite growing its ...

FINANCIAL PERFORMANCE: Eveready Industries back in black
Lamp, packet tea and flashlight businesses poised to increase. Kolkata, April 28 Eveready Industries Ltd is back in the black in 2008-09 with a net profit of Rs 19.40 crore (net loss of Rs 19.32 crore ...

ANNOUNCEMENTS: Dr Reddy's anti-acne gel
...

FINANCIAL PERFORMANCE: Lower realisations hit Sterlite bottomline
Mumbai, April 28 The sharp fall in realisations of metals such as lead, zinc and aluminium has taken a toll on the consolidated financial performance of ...

OUTLOOK: Havells targets 50% growth in Kerala
Havells India Ltd has announced that the company is targeting a 50 per cent growth in turnover to Rs 300 crore in Kerala this fiscal. The target has been set in view of the huge infrastructural and industrial development in the State, ...

OUTLOOK: Anchor to market lighting systems for industrial use next year
Kolkata, April 28 From the next year, Anchor Electrical, the Indian subsidiary of Japan’s Panasonic Electric Works (PEW), is to market integrated automated safety, fire and lighting systems for industrial use, according to its ...

OVERSEAS INVESTMENTS: Biocon eyes biogenerics ride to US
Bangalore, April 28 Biocon says it sees a new big market opportunity in the US for its biogenerics: the Obama Administration is thinking of allowing biogenerics to bring down the cost of healthcare and guidelines are in ...

Columnists: • C Gopinath • Harish Bijoor • Ramanujam Sridhar • Radhika Chada • K Srikrishna

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Markets (April 28)

Nifty (at close)	3,362.10(-108)
US Dollar (Buy/Sell)	50.51/52
Brent crude (a bbl) Rs	2,476
Gold (a gram) Rs	1,364
Silver (a kg) Rs	22,250

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