The Hindu Business Line : Wednesday, April 12, 2006

Domestic firms worried as global oil prices test $70 levels
The surge in international crude prices has become a cause for concern for the domestic oil companies, which are already reeling under pressure. The international crude prices were seen surging towards $70 a barrel, with the London Brent ... More

BSNL shortlists 8 cos for ILD
France Telecom, MCI, SingTel, Telekom Italia among others in the fray More

Contract workers on strike at Hero Honda
After Honda Motorcycle and Scooter India, labour trouble has affected production at yet another automobile plant in Haryana. Production at two-wheeler major Hero Honda's facility in Gurgaon was hit following a strike by contract workers, ... More

CVC rejects Ministry's request to review control over PSB officials
Finance Ministry had suggested keeping officers of scale-V out of CVC purview More

Tata Chem to contest Central Excise order
Tata Chemicals Ltd (TCL) today informed the BSE that it would be contesting an order from the Central Excise demanding duty of Rs 278.35 crore along with penalty of an equal amount. The order was issued by the Commissioner, Central Excise ... More

2005 default-free year for Crisil cos
Stability rates Crisil ratings improve too More

Govt yet to decide on single IPO for Air India, IA
The Government is yet to take a decision on whether Air India and Indian Airlines should have a simultaneous initial public offering (IPO). "The merchant bankers working on the IPO for the two airlines have sent various interim reports to the ... More

Merchandise exports rise 24.71 pc
The country's merchandise exports rose more than 24.71 per cent in dollar terms at $100.6 billion during April-March 2005-06 against the same period during the previous year. During March this year, exports were up more than 20.6 per cent ... More

`Infy may project conservative estimates'
Revenue growth for 2006-07 seen in 24-28 pc range; EPS estimated to grow 22-24 per cent More

`New UK law not to impact India Inc'
Software association Nasscom today said that the recent changes in the UK law to protect the interests of workers in outsourcing contracts, is unlikely to have an adverse impact on Indian businesses. "I do not see any effect on Indian ... More

iGATE's Q4 revenues rise 15%, net up at Rs 4.7 cr
Salary hike in January impacted Q4 margins by 1.12% More

Heat wave abating in North
The prevailing western disturbance over Northwest India has started moving eastward with the band of rain clouds in tow, breathing cooler air into the plains left barren by the oppressive heat of the past few days. The dry but cool winds from ... More

`Quality of life in Indian cities set to improve'
Increased investments from multinationals and foreign institutional investors could lead to further improvement in the quality of living standards in Indian cities over the next four to five years, according to a survey conducted by HR ... More