The Hindu Business Line : Tuesday, October 13, 2009

Lukewarm response to oil, gas blocks auction
PSUs rescue NELP-VIII, with ONGC bagging 17 bids. New Delhi, Oct. 12 The latest and most ambitious oil and gas auction round evoked poor response with only 36 of the 70 blocks offered receiving ...

Industrial growth hits 22-month high in August
Manufacturing, mining and electricity post double-digit growth rates. The country’s industrial output has registered a 10.4 per cent year-on-year jump in August, marking a 22-month high since the 12.2-per cent of ...

Empty chairs: The venue o... 3 ADAG group cos see inter se transfer of shares
Rel Comm, Rel Cap & R-Power shuffle promoter holdings. Mumbai, Oct. 12 In a disclosure to the exchanges, three Anil Ambani group companies said their promoter holdings have been re-structured through transfer of shares among group ...

Sensex rises 340 on industrial performance
Foreign Institutional Investors net buyers at Rs 963 crore. Mumbai, Oct. 12 Positive industrial production numbers for August ignited Foreign Institutional Investor (FII) interest, pushing the equity market indices beyond the psychological 17k ...

HDFC net rises 24% in Q2
Higher loan disbursements, lower NPAs aid profit growth. Mumbai, Oct. 12 HDFC Ltd reported a 24 per cent growth in net profit at Rs 664 crore in the second quarter of 2009-10, over Rs 534 crore in the corresponding quarter ...

Auditor faults RCom’s revenue reporting; sees under-payment of Rs 315 cr to Govt
New Delhi, Oct. 12 The independent auditor set up by the Department of Telecom to examine the accounts of Reliance Communications has concluded that the company has under-reported revenues of Rs 2,799 crore to the Government resulting ...

‘Other income’ boosts Axis Bank Q2 net 32%
Board approves plans to start an NBFC with focus on infrastructure. Mumbai, Oct. 12 Net profit of Axis Bank grew by 32 per cent to Rs 531.64 crore for the second quarter ended September 30, over the same period last year, aided mainly by ...

Cement cos trim output to match demand in Q2
Profitability may increase on the back of fall in input costs. Mumbai, Oct. 12 Cement companies seem to have cut production in a conscious attempt to match the sharp fall in demand and prices during the second quarter ...

Aggressively priced Chevrolet Cruze to heat up D segment battle
GM hopes to sell 500-600 units a month. New Delhi, Oct. 12 General Motors (GM) India announced on Monday the launch of the Chevrolet Cruze, the first car in the company’s long awaited 300 ...

Increase in exports can be 10-14%, says Vijay Kelkar
Bangalore, Oct. 12 The report of the Task Force, appointed by the Finance Commission, would be published on the Commission’s Web site soon. It would enable better awareness and constructive policy dialogue, said Dr Vijay Kelkar, ...

We are still in the woods, though from where I stand I can see the exit: Infosys official
The Banking and Financial sector in North America that pushed the world into the economic crisis is now showing signs of recovery, and is consequently increasing its technology spend. In a chat with Business Line, Mr ...

Monsoon withdrawal process gathers momentum
Thiruvananthapuram, Oct. 12 Withdrawal of southwest monsoon seemed to have acquired a sense of urgency with more areas emerging out of its influence on ...