The Hindu Business Line : Wednesday, February 10, 2010

Govt puts Bt brinjal in cold storage, for now
The Centre has put on hold commercialisation of the controversial Bt brinjal, while clarifying that the moratorium imposed is only for the ...

Court ruling allows Cipla to market generic cancer drug
In a major test of the five-yearold product patent regime, the Delhi High Court dismissed an appeal by multinational drug-maker Bayer Corporation regarding its advanced renal cancer drug ...

The Turkish President, Mr... TODAY'S PICK (Latest Audio: English/Tamil)
Lanco Infratech (Rs 49.2): Buy
We recommend a buy in Lanco Infratech from a short-term perspective. It is apparent from the charts that the stock has been on longer term uptrend since its all-time low of Rs 8.3 recorded in October 2008. However, the stock met with a ...

Day Trading Guide

SBI hints at interest rate hike in April
Lending rates may go up only from the first quarter of the next fiscal, the state Bank of India Chairman, Mr O. P. Bhatt, hinted here today. SBI is likely to take a call on hiking the lending rates ...

In 2009, one-in-three offshore centres set up in India
Country gets top marks for talent pool, low cost structure. India will continue to dominate the offshore outsourcing landscape in the foreseeable future, despite some tough competition from aspirants such as Brazil, the Philippines or even ...

Banks seek RBI nod to cut interest on savings accounts
Commercial banks want the interest rate on savings bank deposits cut to 2.5-3.0 per cent from 3.5 ...

Auto industry records highest-ever sales in Jan
Strong growth due to economic revival, easy availability of finance. Riding on the back of economic growth, easy availability of finance and the continuing fiscal stimulus, the domestic auto industry has posted the highest ever monthly sales in ...

Low cost of funds boosts Q3 numbers of vehicle-financing NBFCs
Commercial vehicles sales also post robust growth. Low cost of funds has played as much an important role as the upswing in sales of trucks for vehicle-financing non-banking finance companies (NBFCs) to report a robust performance in third ...

USD-INR future faces resistance at 47 (Latest Audio:English/Tamil)
Rupee spiked higher last week as fears sparked by mounting debt in Greece, Portugal, and Spain sent risk-aversion soaring. This made dollar strengthen against other currencies even as the euro plunged to eight-month low against the ...

Cognizant beats own guidance with 24% rise in net income
Revenue up 16%; year's workforce addition at 16,700. Cognizant Technology Solutions Corporation managed to beat its own guidance by reporting a 16 per cent increase in revenue to $3.279 billion for the fiscal ended December 31, 2009, against ...

BSNL goes without a head of finance for over one year
Procedural delays keep the post vacant. Even as Bharat Sanchar Nigam Ltd is battling declining profits, the public sector unit has gone without a finance head for more than a year due to delays in the ...

Govt expects 13% export growth in January
Decision on stimulus withdrawal in April, says Commerce Secy. The Commerce Ministry said on Tuesday that the merchandise exports in January would be around $14 billion, thereby maintaining positive growth for the third consecutive month after a ...

Renault thinks big for India with small cars
Plans to introduce at least two models by 2015. Undeterred by the poor showing of the Logan, Renault has put its India plans on the fast track by shifting focus to the buoyant compact ...

Stolen data, stolen funds
The Swiss Government is reported to have taken a dim view of the decision of the German Government to buy “stolen data” on around 1,500 tax evaders in Switzerland from someone who pilfered the information from official Swiss ...

Legitimacy of safety tests cooks Bt brinjal's fate
Can't ignore doubts over their reliability, says Jairam Ramesh. The main issue that seemed to have worked against granting clearance to Mahyco's Bt brinjal was the tests undertaken for establishing its safety, both from the human consumption as ...

Unveil your Dream Budget 2010
Business Line invites you to tell the Finance Minister your Budget expectations. Send in your Budget wish list (in about 200 words) to BudgetTwentyTen@gmail.com, along with reasoning. Attach ...

J&K, Himachal battered as rain heads for east India
A day after it triggered a calamitous avalanche over the western Himalayas, the prevailing active western disturbance continued to bring in widespread rain or snowfall over Jammu and Kashmir and ...