The Hindu Business Line : Monday, May 04, 2009

One in three cos cuts employee costs in March quarter
Wage bill declines 7% on a sequential basis. One in three companies has witnessed a decline in its wage bills in the March 2009 quarter as against the quarter ended March 2008. This is the finding of a study of results announced by a sample of ...

IT biggies prune travel expenses in H2 of fiscal 2009
New Delhi/Chennai, May 3 In a difficult year that saw the global economy under severe stress, India’s top IT companies ended up pruning their overall travel expenses – some by as much as 13 per cent – during the second half ...

Traditional splendour: ‘P... TODAY'S PICK (Latest Audio: English)
SRF (Rs 85): Buy
We recommend a buy in the SRF stock from a short-term trading perspective. It is apparent from the charts of SKF that it has been on a medium-term up trend since its one-year low of Rs 62, recorded on February 3. Since this low the stock has ...

Day Trading Guide

Japanese car makers to source more components locally
Some change export currency to minimise forex losses. New Delhi, May 3 Car makers are shifting their strategy to reduce costs and beat the currency ...

Retailers bet on private labels
Mumbai, May 3 With rising pressure on margins, retailers are now looking at private label sales to boost their ...

‘There’s no one magic formula to tackling pricing pressure’
Mumbai, May 3 The fourth quarter of the previous fiscal was one of the most difficult quarters for the Indian IT industry as a ...

Speculative buying pushes sugar prices to 3-year high
Funds bet on supply shortfalls in India, Pakistan. New Delhi, May 3 World sugar prices have surged to a near-three year high, on the back of speculative buying by funds betting on supply shortfalls in India ...

Gold futures to test support levels
Gold futures, ended marginally higher on Friday ahead of a bank stress test next week. Safe-haven demand in gold diminished further after the US equities, in April posted its best month in nine years. Gold was pressured after consumers ...

RCom told to clarify on GSM service launch in J&K without security nod
Company says it is fully compliant with licence conditions. The Department of Telecom has sought clarification from Reliance Communications as to why the company has started its GSM based mobile services in Jammu and Kashmir without taking ...

Investors may play waiting game till a Govt is formed
Derivatives segment activity may dominate the overall proceedings. This week the key indices are likely to meander through a valley. But an undercurrent of nervousness is ...

Most FIIs rejig portfolio
Show signs of re-entry into select sectors. Hyderabad, May 3 The last 45 days have seen heightened FII investment flows after nearly a quarter of lull and more than four quarters of gradual sell ...

Europe opening up to importing Indian manpower
Chennai, May 3 Amidst reports that protectionism in the US is gathering steam — in the form of restricting the issue of H-1B and L1 visas — Europe is awake to the possibilities of importing ...

The case for developing talent in-house
Time ripe for the resurgence of ‘growth from within’. The virtues of developing talent within an organisation have seldom been argued by CEOs and HR leaders. For decades, organisations demonstrated the ability to bring in fresh ...

Insurance is not a good investment option
Choosing life insurance products such as ULIPs as an investment option may not be a wise thing to do, as complex fee structures may eat into your returns. Insurance products should be chosen only for risk cover; all other features of ...

The strategic East-West gas pipeline
After the first major inland cross-country Hazira-Vijaipur-Jagdishpur (HVJ) gas pipeline network was executed and commissioned by GAIL (India) Ltd in 1987, the east-west pipeline is the next single largest project undertaken in ...

Westerlies blow off the heat in Northwest India
Thiruvananthapuram, May 3 Cooler winds from a passing western disturbance helped rein in the runaway mercury in Northwest India but no such relief was there for the asking in Central East-Central India during the past 24 hours ending ...