The Hindu Business Line : Thursday, June 25, 2009

‘Below normal’ monsoon may delay kharif sowing
54% deficit rainfall so far; July, August offer hope. New Delhi, June 24 The India Meteorological Department (IMD) has downgraded its South-West monsoon rainfall forecast for the country to “below normal” from the earlier “near ...

SBI cuts lending rate by 50 bps
Mumbai, June 24 State Bank of India on Wednesday said it will cut its benchmark prime lending rate by 50 basis points to 11.75 per cent with effect from June ...

... TODAY'S PICK (Latest Audio: English/Tamil)
Glenmark Pharma (Rs 234.65): Buy
We recommend a buy in Glenmark Pharmaceuticals from a short-term perspective. It is apparent from the charts of Glenmark Pharmaceuticals that it has been trending up since its 52-week low of Rs 119 recorded on February 5. Since then, the ...

Day Trading Guide

Govt set to bail out Air India
Airline to submit restructuring proposal in a month. New Delhi, June 24 The Government will bail out the loss-making state owned carrier Air India but has set certain conditions for providing the ...

Maran stitches up 100-day agenda for textiles
New Delhi, June 24 The Government on Wednesday announced a slew of initiatives such as widening the coverage of Technology Upgradation Fund (TUFS) Scheme, additional allocation of Rs 1,660 crore to the Cotton Corporation of India (CCI) ...

Drug patent pool proposal gets a push
Concerned over the changing intellectual property (IP) environment, where medicines are getting patented across the world, UNITAID had proposed a “patent pool” to make drugs more ...

Peugeot may finalise India plans by Sept-end
Plant likely in Tamil Nadu or AP. Mumbai, June 24 PSA Peugeot-Citroen is expected to take a call on entering the Indian market by end-September this year, say top industry ...

QIP round 2 likely to see lukewarm response
High valuations, concentration of realty cos may sag interest. Mumbai, June 24 Investor interest may remain rather subdued for the second round of Qualified Institutional Placements (QIP), which has been announced, said ...

Panel suggests phased transition to IFRS by insurers
Shift would require retrospective applications in many areas. Hyderabad, June 24 The roadmap for implementing the International Financial Reporting Standards (IFRS) by insurance companies in India should provide for phased transition from the ...

Anchor investor
Make no mistake, an anchor investor, who is all set to be unleashed by SEBI into the dormant primary market to rev it up, is not an angel investor. An angel investor is a benevolent person with deep pockets and capacity to play the role of ...

Mumbai cobbler gets Nano allotment
Mumbai, June 24 Maruti Bhandari, the celebrated Mumbai cobbler who booked the top-end Tata Nano by paying a cheque of Rs 1.4 lakh in April, is one of the one lakh allottees of the ...

Monsoon advances into Mumbai, south Gujarat
Surge likely to last till July 10. Tuesday’s deep depression crossed the south Gujarat coast and weakened, but brought in monsoon rains past Mumbai and to the immediate ...