The Hindu Business Line : Saturday, May 30, 2009

My motto is phone calls at 10-20 paise a minute: Raja
3G auction will be completed within two months. New Delhi, May 29 The Communications and IT Minister, Mr Andimuthu Raja, expects telephone tariffs to come down to as low as 10 paise a minute for local calls and to 25 paise a minute for domestic ...

Q4 GDP growth brings cheer
New Delhi, May 29 The Indian economy logged a better-than-expected 6.7 per cent growth in 2008-09 despite the global financial meltdown adversely impacting its output in the second-half of the fiscal year under ...

Free flow?: The Minister ... MFs allow investors to shift schemes on profits
‘Trigger facility’ aimed at retaining investors. Mumbai, May 29 In these times of short-lived and uncertain rallies, some mutual funds are offering “trigger facilities” to retain investors and to keep up their interest ...

Govt to consider freeing petrol, diesel prices
Cabinet decision on the issue likely in 6 weeks: Deora. New Delhi, May 29 The Government will consider deregulating petrol and diesel prices, Mr Murli Deora, said on Friday after taking over as Minister of Petroleum and Natural Gas for a second ...

P-Notes on the rise with market surge, say experts
Mumbai, May 29 There are signs that issue of Participatory Notes by foreign institutional investors has been increasing the last six months and has gathered momentum in the current market rally, say ...

Tata Motors Q4 net up 10% at Rs 591 cr
Telang is new Managing Director. Mumbai, May 29 Tata Motors has reported a 10 per cent growth in net profit at Rs 591 crore for the quarter ending March 31, 2009 as against Rs 536 crore in the corresponding period last year. Net income dropped ...

To drive through rough terrain
TELANG’S CHALLENGE. Chennai, May 29 Mr Prakash M. Telang, 61, who will take over as Tata Motors’ Managing Director – India operations, is a hands-on professional, and is considered by those who have worked with him as one who ...

GMR Group signs deal to buy Island Power
To acquire Intergen’s stake in Singapore-based company. Bangalore, May 29 The GMR Group has signed an agreement to buy 100 per cent stake in Singapore-based private electric utility Island Power, which is developing an 800-MW power plant ...

Moody’s puts 13 Indian banks on rating watch
Reviewing systemic support indicators for banking system. Mumbai, May 29 Moody’s Investors Service on Friday placed the ratings of 13 Indian commercial banks, including State Bank of India and ICICI Bank, on review for possible downgrade ...

Certificate of deposit rates of private, foreign banks harden
Rise to commercial paper levels on high risk perception. Bangalore, May 29 With bulk investors exerting pressure on short-term debt papers, yields on certificates of deposits and commercial papers are beginning ...

IOC cushioned by Govt bonds, lower fuel sale loss
Margins shrink on oil price volatility. New Delhi, May 29 Indian Oil Corporation has posted a profit during the fourth quarter of the fiscal ended March 31, 2009 as losses for selling fuel below the cost were lower compared to the same quarter ...

More sops proposed to rev up manufacturing, exports
Sharma sees more measures in Budget, foreign trade policy. New Delhi, May 29 The forthcoming Union Budget and the new five-year Foreign Trade Policy (FTP) would propose additional measures to rev up manufacturing and export sectors which have ...

Markets this week (Latest Audio:English/Tamil)

Fresh rains forecast, but no advancement in monsoon
Thiruvananthapuram, May 29 Rain or thundershowers are expected to break out at a few places over Kerala, coastal and south interior Karnataka and Lakshadweep during the next 24 hours and increase thereafter, according to the India ...