The Hindu Business Line : Tuesday, September 01, 2009

Maytas Infra handed over to IL&FS; Rs 55-cr infusion on cards
New owners to make open offer for 22.6% stake. Hyderabad/New Delhi/Mumbai, Aug. 31 The Union Government has decided to hand over the reins of management and promoter status of Maytas Infra Ltd (MIL), promoted by Mr B. Teja Raju (son of Mr B. ...

JLR pushes Tata Motors into the red in Q1
Consolidated losses at Rs 329 cr with sales of both brands crashing 52%. Mumbai, Aug. 31 The steep fall in Jaguar Land Rover sales has pushed Tata Motors into the red in the first quarter of this fiscal with a consolidated loss of Rs 329 crore. ...

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Intel Cap may bid for stake in ITI units
New Delhi, Aug. 31 US-based Intel Capital may emerge as one of the bidders for a stake in the factories owned by ITI Ltd, as part of its strategy to spread WiMax technology in ...

Taxman wants a slice of pay arrears pie
New Delhi, Aug. 31 The second instalment of arrears under the Sixth Central Pay Commission award will not only put more money in the pockets of Government employees, but may also bolster direct ...

New trade policy to cost exchequer Rs 2,200 cr more
New Delhi, Aug. 31 The various export promotion and trade facilitation measures announced in the recent foreign trade policy (FTP) 2009-14 will cost the exchequer an additional Rs 2,200 crore this fiscal, the Chairman of the Central Board ...

Green shoots seen as GDP records 6.1% growth in Q1
Farm sector figure yet to capture the impact of countrywide drought. New Delhi, Aug. 31 The Indian economy has grown by 6.1 per cent during the first quarter of the ...

The hightailing of retailing
For four annoyingly noisy years between 2005 and 2008, Urban India was subject to a new sort of din from the Government: Let us allow large foreign shopkeepers (known as retail chains) to enter the Indian market. An equal and opposite ...

Nokia Siemens questions BSNL panel findings on GSM deal
Terms report ‘unfair and non-transparent’. New Delhi, Aug. 31 Nokia Siemens has questioned the credibility of the findings of the independent panel set up by Bharat Sanchar Nigam Ltd for investigating allegations of impropriety in ...

Godrej Group looking to exit non-core biz
Focus on personal care, household products. New Delhi, Aug. 31 The Godrej Group is looking at selling its non-core businesses, including the ...

Britannia brings W. Asian arms under its fold
Buys out partner’s stake in Strategic Food Intl and Al Sallan Food. Kolkata, Aug. 31 Britannia Industries Ltd has bought out Khimji Ramdas Group’s 30 per cent stake in Dubai-based Strategic Food International Co LLC (SFIC), to make ...

NSE re-launches interest rate futures trading
638 members register for dealing. Mumbai, Aug. 31 Interest rate futures (IRF), an exchange traded derivative instrument for protecting or hedging interest rate risk, was launched on the National Stock Exchange ...

Cotton export hopes soar on bumper output forecast
Area under the crop may cross 100 lakh ha. Washington D.C., Aug 31 Indian cotton is likely to turn out to be an exceptional performer in the ensuing kharif season, despite drought-like conditions afflicting nearly half the ...

Just SMS for LPG refill
Keeping pace with the changing lifestyle, the Petroleum Ministry launched two value added services on Monday – a common toll free number across the country for customers’ complaints, and short messaging services (SMS)/integrated ...

IMD sees fresh Bay ‘low’ in 2 days
Thiruvananthapuram, Aug. 31 The monsoon has been vigorous in Saurashtra and Kutch and active in Nagaland-Manipur-Mizoram-Tripura, west Rajasthan, coastal Andhra Pradesh and Telangana during the 24 hours ended ...