The Hindu Business Line : Monday, May 22, 2006

Actis to buy 14 pc stake in Phoenix Lamps
Private equity firm Actis is set to make its third investment in the auto components sector in India. The firm would be purchasing about 14 per cent stake in Phoenix Lamps Ltd, a manufacturer of halogen lamps for automobile and general lighting ... More

Tea Board mulls legal action against IBM, Accenture
Accuses companies of designing defective software for e-auction More

Expats too sing the retail desi tune
Mall management More

Market in no hurry to bounce back
Domestic players would find it difficult to recover financially in near term More

SBI gearing up to meet credit demand
Foresees stable interest rate with upward bias More

Ultra mega projects: Financing to be based on assignment of revenues
To allow for smooth implementation and limit possibility of payment defaults, say bankers More

Bonds plummet on large-scale exit by FIIs
Credit offtake on ascent, bankers resorting to increasing liabilities More

IT firms set to gain from exchange volatility
The exchange rate volatility is seen having a positive impact on the revenues of Indian IT services firms, which derive over 95 per cent of their revenues from the overseas markets. The rupee has declined by some five per cent versus the dollar ... More

HCL Info opens centre for remote support
HCL Infosystems on Wednesday announced the launch of its `Enterprise Response Centre' in Mumbai, to provide remote support solutions for key corporates. "This is a specialised remote monitoring and predictive support centre for ... More

Between bear hammering and taxman's missives
Another issue making top news is LTCG or long-term capital gains. The Left wants tax to be reinstated on such gains, while the FM has responded by saying there are no plans to re-introduce tax on LTCG. More

Churlish as the bear, slow as the elephant
Jogin was tossing a coin `to check' which way the markets would move on Monday. Sridevi was studying the details of Euronext-NYSE merger. Dakshinamoorthy was painting his old cycle `red'... Till Khan summoned them all for the weekly market ... More

Crude could be in ranges in short term
Prices may drop to $60-63 a barrel after stabilising around $65-66 More