The Hindu Business Line : Friday, May 08, 2009

UK applies brakes on Jaguar financial package
Car-maker’s fate hangs on EIB loan, government guarantees. The British press has been agog with reports of a potential collapse for the Tata Motors-owned company with the UK Government apparently not too inclined to support a ...

Fiscal opens on strong note for steel makers
Mumbai, May 7 The country’s largest steel makers in the private sector Tata Steel and public sector steel giant Steel Authority of India have registered record April sales, raising hopes of a revival in ...

Voting time: Mr Sunil Bha... TODAY'S PICK (Latest Audio: English/Tamil)
Shipping Corporation (Rs 91.75): Buy
We recommend a ‘buy’ in the Shipping Corporation of India from a short-term horizon. It is clearly visible from the charts of Shipping Corporation that after finding support at Rs 70 in early March, a significant long-term ...

Day Trading Guide

PE, venture funds eye offbeat sectors to ride out downturn
New Delhi, May 7 The downturn is prompting Private Equity and Venture Capital funds to look at offbeat sectors, as evident in the spurt in investment interest in education, health and microfinance areas in the past ten months or ...

DLF may have to pay Rs 300-400 cr more tax for FY06
Company plans to appeal against the I-T Department order. New Delhi, May 7 The country’s largest real estate company, DLF Ltd, may have to pay an additional Rs 300-400 crore in relation to an income-tax matter pertaining to financial ...

Economic downturn pulls down major ports’ traffic growth
Last October, while talking to this scribe, Mr A.P.V.N. Sarma, Union Shipping Secretary, sounded a bit apprehensive about the prospects of traffic growth in the country’s major ports in the remainder of 2008-09. Not without reasons ...

Only 7% of equity funds better Sensex return
Low level cash, bank exposure help them. Mumbai, May 7 Only seven per cent of the mutual funds, numbering a total 322, managed to beat the Sensex. Low levels of cash and higher exposure to banking and the financial sector seem to have helped a ...

Higher tax, staff expenses pull down Union Bank Q4 net by 11%
Biz growth up by 31.84% to Rs 2.36 lakh cr in FY09. Mumbai, May 7 Union Bank of India reported a 10.75 per cent fall in its net profit at Rs 465 crore in the fourth quarter ended March 31, 2009 as against Rs 521 crore in the corresponding ...

No takers for a super-regulator for PPPs in infrastructure sector
Ministries oppose move; proposed regulator would have power to levy penalties. New Delhi, May 7 The Planning Commission’s proposal, believed to have emanated from the office of the Committee on Infrastructure, to set up a super regulator ...

Jet Airways’ low-fare service Konnect takes off today
Service offered on routes with 50% load factor. Jet Airways will launch an all-economy low fare service called Jet Airways Konnect on Friday on some routes. This initiative has been taken considering the falling load factors on its full service ...

Public sector banks show little interest in power bonds
Not in the same league as State development loans, say bankers. Power bonds from the centrally owned power sector companies have found few takers among public sector ...

Employees could feel the heat of slowdown as telcos tweak costs
Headcount dips at Bharti Airtel; decline in ARPU a concern. Mumbai/New Delhi, May 7 Employees in the Indian telecom sector are beginning to feel the pressure to keep their jobs intact. Sources say that telcos such as Bharti Airtel and Reliance ...

JSW Steel’s standalone net down 70% in Q4
Mumbai, May 7 Weak demand and low price of steel pushed the fourth quarter standalone net profit of JSW Steel 70 per cent down to Rs 49 crore for the year ended March 31, 2009. However, this represents a sequential turnaround in the context of ...

Mercury may climb briefly over N-W India
The mercury is expected to climb up by 2 to 3 deg Celsius over northwest and central India during the next two days as a prevailing western disturbance drifts ...