The Hindu Business Line : Sunday, June 07, 2009

Uptick in hiring of direct workers, says survey
Contract worker lay-offs see a reversal in March quarter. New Delhi, June 6 The optimism about an impending turnaround is beginning to reflect in the hiring activity in key manufacturing sectors, both for direct and contract ...

Banks seek tax sops for long-term FDs
Mumbai, June 6 With depositors showing a distinct proclivity to park their funds in short-term fixed deposits, banks have moved the Finance Minister to consider suitable amendments to Section 80C of the Income Tax Act, 1961, so that long-term ...

Touris... Realty check: Concerns overlooked?
The realty sector has been the star of the recent stock market recovery. The most battered in the 2008 fall, it is a sector on which domestic brokerages, fund managers and private equity investors were uniformly bearish, even as late as March ...

Danone gets FIPB nod to go it alone in food, biscuits segment
New Delhi, June 6 On the heels of resolving its two-year dispute with the Wadia Group over control of Britannia, Groupe Danone SA has received Government’s permission for a solo entry into food, beverage, biscuits, cereal, dairy and ...

Expat talent willing to take a cut in pay to stay on
‘SLOWDOWN’ OFFER. Bangalore, June 6 A large Indian retail chain that hired a South African expert a couple of years back to set up its malls/stores recently made him a ‘slowdown’ offer: to continue to work at an Indian ...

Floundering at 15000
After the fantastic journey from 8000 to 15000 in three months, Sensex appeared a little lost last week. News flow drying to a trickle and ambling ways of other equity markets could have contributed to this indecisive state. Further, ...

C&C Constructions: Buy
Investors with a long-term horizon may capitalise on attractive valuations to buy into the stock of construction contractor C&C Constructions. Currently trading at Rs 181.5, the stock is valued at 8 times its trailing four-quarter ...

Bajaj Auto: Book profits
Investors holding the Bajaj Auto stock can consider taking profits at the current price levels. The stock has run up quite sharply from its low of Rs 294 in December 2008. Trading at Rs 1133, the trailing price-earning ratio for the stock is ...

Jagran Prakashan: Hold
Investors may retain their shares of Jagran Prakashan, the top newspaper in the ‘Hindi-heartland’, considering its ability to monetise its leadership status in garnering greater advertisement revenues along ...

Kaveri Seed Company: Buy
A small-sized company with a sizeable portfolio of sunflower, maize, cotton, and paddy hybrids, Kaveri Seed has sustained strong financial performance since its IPO in September 2007. The per share earning for the past year now stands at Rs ...

Tanla Solutions (Rs 76.9): Buy
Investors with a medium-term standpoint can consider buying Tanla Solutions. The stock was on a structural down-trend from its lifetime high of Rs 410 recorded in January 2008. This move was arrested at Rs 21 in March. The prolonged ...

Sundaram BNP Paribas Select Midcap: Invest
Investments can be considered in Sundaram BNP Paribas Select Midcap Fund considering its creditable performance over a five-year period. During this period, the fund has delivered a compounded annualised return of 37 per cent and outpaced ...

NTPC moves up the ladder on efficiency
Adopting ultra-supercritical technology. New Delhi, June 6 NTPC Ltd, the country’s largest power generator, is moving up the ladder on efficiency norms for new ...

Base metals: Where are they headed?
LME base metals have witnessed a surge in prices since March. What are the factors driving the upswing? Is it supported by fundamentals? We attempt some ...

Recession forces travel cos to work harder
Unique packages offered, prices cut to woo travellers. Bangalore, June 6 This year’s summer holiday season, which has seen a late start with consumer travel queries just picking up, has forced national tourism organisations (NTOs) and ...

RCom to raise funds through QIP route
Mumbai, June 6 Anil Ambani-controlled Reliance Communications intends to raise funds from qualified institutional investors either through a share sale or an issue of ...

Suzlon completes buy of Martifier’s stake in REpower
Mumbai, June 6 Global wind power giant Suzlon Energy Ltd on Saturday said it has completed buying Portuguese company Martifier’s stake in Germany’s ...

Weekly News Round up(Latest Audio:Enlgish)
The Centre's net direct tax collections grew 16.88 per cent in May at Rs 11,919 crore against Rs 10,198 crore during the same month last year. However, the net collections grew by 5.77 per cent in the first two months of the current fiscal at ...