The Hindu Business Line : Friday, August 07, 2009

Late-hour selling sends Sensex down 390 points
Concern over deficit rainfall triggers panic. The stock market saw a huge fall in the penultimate hour of trade on Thursday, after media reports raised fresh fears over the ...

Strike hits banking operations
36 banks did not participate in clearing and settlement. Banking services across the country were paralysed as nearly eight lakh bank employees went on a two-day strike beginning Thursday to press their demand for a hike in wages, pension option ...

Mr Ratan N. Tata, Chairma... TODAY'S PICK (Latest Audio: English/Tamil)
Crompton Greaves (Rs 275.05): Sell
We recommend a sell in Crompton Greaves from a short-term perspective. It is evident from the charts of Crompton Greaves that after bottoming in late March at Rs 99, it was on an intermediate-term up trend till July peak of Rs 320. However, ...

Day Trading Guide

Govt looking at uniform price regime for gas
New Delhi, Aug. 6 The Government is studying the feasibility of a uniform price regime for gas. It is learnt that GAIL (India) Ltd has been asked to conduct the ...

No takers for big-ticket Bollywood flicks
SLOWDOWN SHOWS. More than 60 Bollywood films, including star-studded releases such as Blue, Three Idiots and London Dreams, are finding it difficult to find ...

Inflation declines 1.58%
Wholesale price index rises to 236.9 points. New Delhi, Aug 6 The annual Wholesale Price Index-based inflation declined 1.58 per cent in the week to July 25 after falling 1.54 per cent on an annual basis in the previous week, the Government said ...

Tata Power plans Rs 29,300-cr capex
Mumbai, Aug. 6 Tata Power has a capital expenditure plan of Rs 29,300 crore for the next ...

Infosys pursuing 12-15 deals in $1-b range
Pipeline is strong, says CEO Gopalakrishnan. Kolkata, Aug. 6 Infosys Technologies is pursuing a number of deals worth about $1 billion, according to its Chief Executive Officer and Managing Director, Mr ...

Govt to release Rs 2,546-cr subsidy for textiles in three days: Maran
Working group to come out with Fibre Policy. New Delhi, Aug. 6 The Government, on Thursday, announced the immediate release of a subsidy of Rs 2,546 crore for the textile industry under the Technology Upgradation Fund scheme (TUFs) to underpin ...

Steel cos find first quarter lacklustre
Input cost savings did not reflect in numbers. BL Research Bureau The steel sector had a rough start to the year, with June quarter net profits down between 25 per cent and 55 per cent for the four key domestic players — Tata Steel, Steel ...

Pacific typhoon seen aiding monsoon cause by default
The west Pacific is hosting Typhoon Morakot, which is expected to ramp up to Category-4 storm (wind speeds in excess of 185 km/hr gusting to 232 km/hr) status before making a landfall on Friday over ...

Sugar prices set to surge further
Mumbai, Aug. 6 Who will feed the Indian appetite for sugar in the coming months is the multi-million dollar question doing the rounds of the global sugar ...