The Hindu Business Line : Thursday, August 06, 2009

L&T seeks SEBI nod to exit Mahindra Satyam
Has 8.34% stake in IT co valued at Rs 840 cr locked in till Oct 14. Mumbai, Aug. 5 Engineering and construction major Larsen and Toubro has sought the Securities and Exchange Board of India’s approval to sell its stake in IT services ...

Top 100 tax defaulters owe Rs 1.4 lakh crore
New Delhi, Aug. 5 Just 100 tax defaulters owed the Government a whopping Rs 1.4 lakh crore as on March 31, ...

The Railway Minister, Ms ... TODAY'S PICK (Latest Audio: English/Tamil)
Dishman Pharma (Rs 204.30): Buy
We recommend a buy on the stock of Dishman Pharmaceuticals and Chemicals from a short-term horizon. It is apparent from the charts that since its March low of Rs 87 (52-week-low), the stock has been on an intermediate-term upturn. ...

Day Trading Guide

Great Offshore flares up on bourses
In May, when promoter Vijay Sheth lost control of Great Offshore, not many would have thought the company’s share price would almost double in less than three months — from Rs 295 on May 7 to Rs 579 on ...

MFL to restart complex fertiliser production soon
Chennai, Aug. 5 Madras Fertilizers Ltd expects to restart production of complex (NPK – nitrogen, phosphate, potash) fertilisers in a month, through an arrangement with Indian Potash Ltd (IPL) for raw ...

Bank strike stands despite IBA’s revised offer
A revised package offer by the Indian Banks’ Association (IBA) notwithstanding, the bank unions have decided to go ahead with their two-day strike from ...

Textile exports to US slip 12% in H1
New Delhi, Aug. 5 Textile exports to the US have plummeted 12 per cent during January-June this year, even as order inflows position for the second half of the year also looks bleak. The drop in India’s exports comes at the expense of ...

CAG audit on RIL capex must be made public: RNRL
RPower CEO refutes DGH views on inflating expenditure. Mumbai, Aug. 5 Anil Ambani-led Reliance Natural Resources Ltd has demanded that the CAG audit on Reliance Industries Ltd’s capital expenditure for developing gas fields in KG-D6 ...

US and BFSI still the key to IT cos
Telecom the most affected vertical. BL Research Bureau The US remains the predominant geography that contributes to the revenues of offshore IT vendors and BFSI (Banking Financial Services and Insurance) the main outsourcing vertical, suggests a ...

Drip irrigation saves the day for medium farmers in Gujarat
Small farmers face crisis as monsoon falters. Sabarkantha, Aug 5 Mohammad Ali Hasambhai Patel of Mahepura village in Sabarkantha district in North Gujarat has been forced to go in for a second round of sowing. This is because the first crop ...

Tata Comm gets Russian licence for long-distance services
New Delhi, Aug. 5 Tata Communications has bagged a licence for offering international long distance services in Russia, one of the biggest telecom markets in the ...