The Hindu Business Line : Saturday, August 01, 2009

AI may seek $700 m reparation from Boeing for delivery delay
But ‘unlikely to get’ cash compensation. New Delhi, July 31 With Air India considering seeking a compensation of over $700 million from Boeing for delay in delivery of 787s and also planning to cancel delivery of six Boeing 777s, the ...

Sensex hits year-high on strong Q1 results
Mumbai, July 31 Buoyed by good first quarter corporate earnings, the benchmark stock index Sensex hit a 52-week high on ...

Terror cover: The Central... Indian equities lag behind other benchmarks in July
East European markets, Indonesia, Korea in limelight. Chennai, July 31 Indian equities took a back seat in the stock market rally in July. After the stellar performance in May and June, the Indian benchmark index, Sensex, closed behind other ...

DoT suggests WiMax base price at 25% of 3G reserve
New Delhi, July 31 The Ministry of Communications on Friday told the Empowered Group of Ministers (eGoM) that the base price for WiMax spectrum may be pegged at 25 per cent of the reserve price fixed for ...

Lower prices pull Hindalco net down 31%
Mumbai, July 31 Hindalco Industries, an Aditya Birla Group company, has reported a 31 per cent drop in net profit at Rs 481 crore in the first quarter ended June 30, against Rs 697 crore logged in the same period of last year. Sales were down ...

Turbulence in air as pvt airlines plan to suspend services on Aug 18
Mumbai/New Delhi, July 31 August 18 could end up being a nightmare for people flying private carriers within India as none of them plan to be operational that ...

CPI-based inflation rate surges to 9.29%
New Delhi, July 31 The annual inflation rate based on the Consumer Price Index for Industrial Workers rose to a four-month high of 9.29 per cent in June from 8.63 per cent a month earlier, the Labour Bureau said on Friday. The CPI-IW ...

Adani Power IPO subscribed over 21 times
Mumbai, July 31 The public issue of Adani Power, which closed on Friday, was subscribed more than 21 times. The issue received bids for 537.7 crore shares against the 24.88 crore shares on offer, according to figures available on the NSE ...

Kharif area under pulses, maize, soyabean increases
Paddy coverage still lower; groundnut sowing down. The 19-per cent rainfall deficit during the first half of the current monsoon season (June-September) has badly affected paddy plantings, which are down by over a quarter compared with the ...

Foreign pilots replacement deadline looms over airlines
Mumbai, July 31 With barely a year left for the DGCA (Director-General of Civil Aviation) deadline on replacing foreign pilots with Indian, domestic airlines are in a quandary, especially for international ...

Tech M, Satyam to share office infrastructure
Rs 100-cr savings likely from rationalisation exercise. Hyderabad, July 31 To optimise resources, Tech Mahindra and Mahindra Satyam have decided to share office infrastructure in India ...

Despite strong Q1, LPG losses a worry for refiners
Subsidy on LPG, kerosene lead to Rs 25,000-cr loss this fiscal. Mumbai, July 31 While the public sector refining trio of IndianOil, Hindustan Petroleum Corporation and Bharat Petroleum Corporation have cause for cheer with their first quarter ...

Essar Oil picks up 50% stake in Kenyan refinery
To invest $400-450 m on upgradation, capacity expansion. Mumbai, July 31 Essar Oil, through its arm Essar Energy Overseas, has picked up a 50 per cent stake in Kenyan Petroleum Refineries through the acquisition of stakes from Shell, British ...

Markets this week (Latest Audio:English/Tamil)
The benchmark Sensex got off to a flat opening on Monday owing to a dismal show by petro major Reliance industries. The Sensex finished the day at 15,375, marginally down 4 points and the Nifty too ended almost flat at 4,572, shedding ...

Subdued rainfall seen during early August
Prevailing weather features may deny India Met Department (IMD) the propitious start it needs to justify forecasts for a bountiful August (101 per cent) with respect to expected quantum of ...