The Hindu Business Line : Friday, June 05, 2009

Govt draws up plans for ‘people ownership of PSUs’
President outlines UPA’s broad reforms agenda. New Delhi, June 4 The Government is drawing up a roadmap for listing and divesting of its equity in public ...

Illegal money issue to be vigorously pursued
New Delhi, June 4 The President, Ms Pratibha Patil, today told Parliament that the Government would “vigorously pursue” the issue of illegal money stashed by Indian citizens in overseas numbered bank accounts. This would be done ...

To the brass-tacks: The P... TODAY'S PICK (Latest Audio: English/Tamil)
Gujarat State Petronet (Rs 62.10): Buy
We recommend a ‘buy’ on Gujarat State Petronet from a short-term trading horizon. It is apparent from the charts of Gujarat State Petronet that its long-term downtrend halted at Rs 25. It formed a bullish double bottom ...

Day Trading Guide

Sensex breaches 15,000 on divestment news
Mumbai, June 4 The Sensex on Thursday closed above the 15,000-level for the first time in nine months as the new UPA Government indicated that divestment of public sector companies was on the ...

SEBI debars 26 entities from trading
Ketan Parekh role seen. Mumbai, June 4 In an order which suggests that Ketan Parekh might still be playing an active role in the stock market, the Securities and Exchange Board of India on Thursday debarred 26 entities from transaction in ...

ICICI Bank cuts retail floating, lending rates by 50 bps
Mumbai, June 4 ICICI Bank, the country’s second largest bank, on Thursday cut its Floating Reference Rate (FRR) for retail loans as well as its benchmark advance rate by 50 basis points each even as State Bank of India, ...

Reliance MF told to withdraw ad
Mumbai, June 4 The Securities and Exchange Board of India on Thursday directed Reliance Mutual Fund and Reliance Capital Asset Management Ltd to withdraw the advertisement for their recently launched infrastructure fund, and also asked them ...

Sibal orders review of all deemed-to-be universities
New Delhi, June 4 Deficiencies with regard to the availability of qualified faculty and infrastructure have prompted the Human Resource Development (HRD) Minister, Mr Kapil Sibal, on Thursday to order the UGC to take up a review of ...

Inflation rate slips to 0.48; food articles rule dearer
Wholesale Price Index of all commodities at 232.3. New Delhi, June 4 The Wholesale Price Index-based inflation slowed in the fourth week of May, giving policymakers the option to expand measures to stimulate the economy ...

Pvt players line up power projects of over 25,000 MW
Eye coastal regions of TN, Karnataka, AP, Orissa. New Delhi, June 4 A bevy of private power promoters are waiting in the wings with firm proposals to set up more than 30 greenfield power projects with a collective generating capacity of well ...

Mumbai world’s sixth most expensive office market
New Delhi, June 4 India’s financial hub, Mumbai, has dropped to the sixth position in real estate consultant CB Richard Ellis’ list of most expensive global office markets, as demand contraction triggered a fall in ...

Morgan Stanley predicts strong market conditions for 2009
‘Next few quarters will be rather challenging for IT cos’. Mumbai, June 4 If the global markets do not throw in more surprises and if the Indian government does go ahead with reforms, the Sensex could be trading at the 19,000 levels ...

Fundamentals do not support rally, says I-Sec
Coimbatore, June 4 The FIIs have pumped close to $4 billion into the equity markets in the past few months (which had driven the valuation up), but the fundamentals of the economy do not support the current equity valuations, according to ...

Next monsoon pulse by weekend, say forecasts
Conditions have become favourable for further advance of the monsoon in some more parts of Karnataka, Andhra Pradesh and coastal Orissa during the next three days, India Meteorological Department (IMD) said on ...