The Hindu Business Line : Friday, July 17, 2009

Crop prospects hazy as rainfall is much below normal still
Water storage at most reservoirs at less than half the capacity. Chennai, July 16 Monsoon continues to be in the deficit, but the shortfall has been trimmed to 27 per cent for the week-ended July 15 against 36 per cent for the period ending July ...

L&T net soars on UltraTech stake sale
Order inflow drops on deferred tender decisions. Mumbai, July 16 Engineering and construction major Larsen and Toubro has reported a 22-per cent drop in its order inflow for the quarter ended June 30, 2009 at Rs 9,571 crore as compared to Rs ...

Stress on innovation:Mr S... TODAY'S PICK (Latest Audio: English/Tamil)
Ranbaxy Laboratories (Rs 259.3): Buy
We recommend a buy in Ranbaxy Laboratories from a short-term trading perspective. The stock was on a medium-term correction from its June high of Rs 311 to Rs 240. This correction halted at the twin support at Rs 240 (a long-term key ...

Day Trading Guide

Centre to borrow more in first half
New Delhi, July 16 The Centre has stepped up its first half year borrowing programme by nearly 25 per cent to Rs 2.99 lakh ...

When TV remote can double up as phone
NET ADVANTAGE. New Delhi, July 16 Your children could soon be using the TV remote to make line-of-sight phone calls if MyWay, the Internet Protocol Television (IPTV) company, manages to get it ...

Bids for Finlay land below reserve price
NTC may accept best offer. Mumbai, July 16 Reflecting the current market sentiment of the real estate sector, the National Textile Corporation’s auction of Finlay Mills land in central Mumbai received bids below the reserve price of Rs ...

L&T’s profit growth aided by exceptional gain
Slowdown in order inflows. BL Research Bureau Exceptional gains of Rs 1,020 croreensured that Larsen & Toubro (L&T) trebled its net profits for the quarter ended June 2009 (over a year-ago numbers) despite the tepid growth in revenues. ...

Inflation remains in negative territory
Inflation continues to be in the negative territory at -1.21 per cent for the week ended July 4 as compared with -1.55 per cent for the previous week ended June 27. In the corresponding week of 2008, inflation had stood at 12.19 ...

Pvt equity, venture capital cos turning to healthcare: Report
Private equity and venture capital firms are keen on increasing their investments in Indian healthcare and life science companies, a report released by research firm Venture ...

Bajaj Auto net rises 67% to Rs 293 cr in Q1
Betting on this fiscal to be the best-ever in terms of profit, sales. Mumbai, July 16 Bajaj Auto has reported a net profit of Rs 293.49 crore for the first quarter ended June 30, up 67.6 per cent from Rs 175.11 crore in the corresponding period ...

Import cover of forex reserves down to 10.3 months
Mumbai, July 16 The import cover of India’s foreign exchange reserves was down to 10.3 months as at March-end 2009 as against 14.4 months at March-end 2008, according to the Reserve Bank of India’s latest Report on Management ...

OECD says export outlook gloomy
Merchandise trade volumes of developed nations continue to fall. New Delhi, July 16 The country’s export scenario in the coming days may appear dim with the continued collapse of trade flows of the developed countries, its major ...

Monsoon situation looks grim in rice-growing areas of north-west
Wednesday’s furiously active well-marked ‘low’ clambered slightly to the northeast overnight and entirely inland, though weakening by a around as a conventional ...