The Hindu Business Line : Wednesday, October 14, 2009

Deposit rates on the slide, touch five-year lows
Bank interest wanes on heavy inflows and lack of lendable projects. Depositors are finding their income shrinking the last few months with banks slashing interest ...

2 Rajasthan n-power units may start by Jan
To run on imported fuel; IAEA safeguard nod soon. New Delhi, Oct. 13 After being held up for well over two years due to fuel shortages, the Nuclear Power Corporation of India Ltd (NPCIL) expects to get the two new units of the Rajasthan Atomic ...

A file photo of milk bein... TODAY'S PICK (Latest Audio: English/Tamil)
Mercator Lines (Rs 65): Buy
We recommend a buy in Mercator Lines from a short-term horizon. It is perceptible from the charts of the stock that since its March low of Rs 21 the stock has been on an intermediate-term uptrend. However, after encountering resistance at Rs ...

Day Trading Guide

China spinning out Indian tyre exports
Mumbai, Oct. 13 Tyre exports this year are heading towards negative territory largely due to the increasing competition from Chinese manufacturers in the traditional markets of Indian tyre ...

Sugar, milk powder weigh heavily on ‘food products’ output
New Delhi, Oct. 13 Amidst cheers over industrial growth hitting a 22-month high of 10.4 per cent in August, here is some ...

Bollywood hopes to script blockbuster Q3
Mumbai, Oct. 13 Multiplexes and Bollywood producers are bullish on the third quarter this year with at least five movies being made with budgets of Rs 60-120 ...

Public sector banks impose pre-payment penalties
Bid to stop refinancing by corporates that impact loan books. Bangalore, Oct. 13 With corporates beginning to refinance borrowings, public sector banks have quietly begun imposing pre-payment penalties. Top public sector bankers said that some ...

HPCL, BPCL on slippery path in Q2
PSU majors hope for compensation through oil bonds. Mumbai, Oct. 13 With no compensation coming through yet for losses incurred on LPG (cooking gas) and kerosene, Hindustan Petroleum Corporation and Bharat Petroleum Corporation could find ...

NELP drills a dry well
It is delicious irony indeed. The government’s auction of oil and gas exploration blocks has flopped in the same year when it had its best advertisement — the commencement of gas production from a block awarded in a similar auction ...

Rupee futures to trend lower (Latest Audio:English/Tamil)
Rupee strengthened to a 52-week high of 46.2 against the dollar last Friday causing a great deal of consternation among the exporting fraternity. But as the dollar stabilised, the rupee too halted its rally to decline to 46.6 on Monday. ...

Appreciating rupee: Fool’s gold?
The last few days have seen the rupee on a roll against the dollar. It breached Rs 47 in just one trading session and is nearing Rs 46. If the stock market continues its rise, there’s every possibility of the Indian currency cutting ...

Air India plans to lease out aircraft may not take off
Market conditions not ideal, airlines have lower negotiating power as they are not professional leasing companies, say experts. Mumbai, Oct. 13 Cash-strapped Air India wants to dry lease some of its aircraft as part of its effort to rationalise ...

Iran finds Indian rice safe for human consumption
Controversy over tainted shipments ends. In what would be a huge relief to basmati exporters and growers, the Iran’s Ministry of Health and Medical Education (MHME) has certified Indian rice as safe for human ...

Two-wheeler makers ‘Discover’ new ‘Passion’ for rural market
Manoj Bansal recently changed his two-year-old Splendour for a new Passion Pro at the Hero Honda dealership in Sardhana, a small town about 20 km from Meerut, Uttar ...

LifeCell cuts stem cell banking rates
To raise Rs 50 cr for expansion. Bangalore, Oct. 13 Stem cell storage company LifeCell International on Tuesday said it had slashed its storage rates by almost 25 per cent to make the therapies affordable and bring in ...

Exiting monsoon sets up showers over peninsula
Thiruvananthapuram, Oct. 13 The southwest monsoon, now on its leg over the peninsula, has been active over south interior Karnataka during the 24 hours ending Tuesday morning, an update from the Chennai Regional Met Centre ...