The Hindu Business Line : Wednesday, August 05, 2009

Steel Ministry proposes 8.38% NMDC stake sale
Timing, pricing to be decided by Department of Disinvestment. New Delhi, Aug. 4 The Government has taken an important step towards disinvestment of an 8.38 per cent equity stake in the iron ore producer NMDC with the Steel Ministry recommending ...

No slowing down on reforms: RBI chief
Mumbai, Aug. 4 India will not go slow on financial sector reforms but its future response will take into account the impact of the global ...

Dr D. Subbarao (left), RB... TODAY'S PICK (Latest Audio: English/Tamil)
Atlanta (Rs 108.35): Buy
We recommend a buy in Atlanta from a short-term perspective. It is visible from the charts of Atlanta that after bottoming at the March low of Rs 30, it has been on an intermediate-term uptrend. Since then it has been forming higher peak ...

Day Trading Guide

Qualcomm sees huge 3G demand in India
New Delhi, Aug. 4 If the first few months are any indication, third generation (3G) services in India seem to be catching the consumer ...

Essar Steel to acquire Shree Precoated
Deal likely to be around Rs 700 cr. Mumbai, Aug. 4 Essar Steel entered into a definite business transfer agreement on Monday to acquire Pune-based Shree Precoated Steels (SPS) for an ...

Swine flu: Maharashtra invokes Epidemic Act
Pune, Aug. 4 The Maharashtra Government has invoked the Epidemic Control Act in Pune and Satara districts to check the spread of the H1N1 virus that causes swine flu, which claimed its first victim in India, a 14-year-old schoolgirl, here ...

Emerging markets back to pre-Lehman levels
China, India front-runners. BL Research Bureau After their impressive rally since March, emerging market stocks are back to their levels before the Lehman Brothers’ ...

Recession blues: Apparel exports dip 15% in Q1
Continuing recession in the global markets is taking a toll on the country’s garment exports with the latest figures revealing a 15.4 per cent decline in the first quarter of the current ...

An economy different from US
Most Indian intellectuals, including the media, often love to draw a contrast between ‘India’ — meaning the urban — and Bharat — meaning the rural; the former as ‘modern’ and the latter as distanced ...

Passenger vehicle makers move into top gear
Strong demand, new launches boost Q1 numbers. Even as commercial vehicle makers struggled with a slump in sales, passenger vehicle makers have closed the June earnings season on a strong note. Average net profits for the passenger vehicle makers ...

Rupee to move sideways(Latest Audio:English/Tamil)
Sharp decline in dollar and accelerated foreign institutional inflows helped rupee appreciate above 48 this week. Dollar index traded on the Intercontinental Exchange declined below the key intermediate support at 78.2, losing over 2 per cent ...

Online credit card payments hit ‘password’ snag
Response from customers lukewarm as registration remains slow. Chennai, Aug. 4 Trade and commerce on the Internet are suffering a slight hiccup now. The reason — cyber security for credit card payments just got a bit tighter since August ...

Maharashtra cuts next season’s sugar output estimates
Standing cane crop in drought-hit areas gets diverted for fodder. New Delhi, Aug. 4 Maharashtra, the country’s No. 1 sugar producing State, has cut its output estimates for the ensuing 2009-10 crushing season, which technically runs from ...

Emerging signals favour partial revival of monsoon
Emerging signals indicate a partial revival of monsoon rains along the country's eastern flank and southwest peninsular coast from the ...