The Hindu Business Line : Wednesday, August 26, 2009

Centre seeks to ring fence NTPC’s D6 gas claim
Power PSU may stay away from RIL-RNRL dispute. New Delhi, Aug. 25 The Government has decided to spell out its position in the two disputes involving the Krishna-Godavar Basin D6 block gas supplies — NTPC-Reliance Industries Ltd (RIL) and ...

Govt to allow corporate bond repurchase for liquidity
New Delhi, Aug. 25 Promising that more financial sector reforms are under way, the Finance Minister, Mr Pranab Mukherjee, today said that the Government would soon permit repo in corporate bonds, move ahead to set up an autonomous ...

At the AGM: (From right):... TODAY'S PICK (Latest Audio: English/Tamil)
Transformers and Rectifiers (Rs 345.5): Buy
We recommend a buy in Transformers and Rectifiers from a short-term perspective. The stock formed a long-term trough at Rs 107 in March and has been on a strong uptrend since then. The correction in June halted above Rs 250 and the stock is ...

McLeod Russel’s arm buys Rwanda tea factory
Borelli Tea Holdings to pay $2.75 m for stake in US company. World’s largest tea producer McLeod Russel India Ltd said on Tuesday that its UK arm has acquired, indirectly though, controlling stake in Gisovu Tea Company, Rwanda, producing ...

Anand Mahindra logging in ‘balanced approach’
SATYAM TURNAROUND. Mumbai, Aug. 25 “We are not in any celebratory mood right now and would rather keep our eye on a turnaround. Any premature celebration is the worst way to jeopardise a turnaround,” says Mr Anand Mahindra, when ...

Central staff to get final instalment of pay arrears
The Finance Ministry has given the nod for payment of the remaining 60 per cent of arrears to Central government employees as part of the implementation of the Sixth Central Pay Commission’s ...

Exporters pin hopes on trade policy
Call for service tax exemption, market development assistance. New Delhi, Aug. 25 Exporters are expecting the forthcoming Foreign Trade Policy to provide the much-needed impetus for growth revival in the face of waning overseas ...

Rupee to test the 49-mark
The rupee did not breach the support at 49 against the dollar and moved with a positive bias over the past week. Stability in equity markets aided this ...

Paddy acreage shortfall widens to almost 70 lakh ha
Drought conditions affect groundnut coverage too. New Delhi, Aug. 25 With the coverage of paddy lower by almost 70 lakh hectares (lh) till now, the country’s rice production this year is headed for a decline much sharper than the 10 ...

Brokers, bankers spot crash ahead of clients
But they are not so good at foreseeing spikes. Chennai, Aug. 25 Investment bankers and brokers who trade in the market on their own accounts may have been able to sense market corrections better than their ...

NSE to launch interest rate futures from Aug 31
Mumbai, Aug. 25 National Stock Exchange will launch trading in ‘Interest Rate Futures’ (IRF) from August 31, according to a senior ...

`Low' forms, to set up vigorous rains over central India
Monday's upper air cyclonic circulation has descended to lower levels to deepen and set up a low-pressure area over north-west Bay of Bengal and adjoining ...