The Hindu Business Line : Wednesday, September 23, 2009

Bharti-MTN deal will trigger open offer
SEBI mandate on ADR/GDR holders could turn roadblock for deal. SEBI on Tuesday threw a spanner in the works of the proposed $24-billion (over Rs 1,15,000-crore) Bharti-MTN deal, making open offer obligations applicable in the case of ADR and GDR ...

Auto cos rev up in advance tax payment
New Delhi, Sept. 22 Indian Oil Corporation (IOC), NMDC and Standard Chartered Bank have entered the league of top 10 advance taxpayers for the September 15 instalment this ...

Well-aimed: The Minister ... TODAY'S PICK (Latest Audio: English/Tamil)
Prime Focus (Rs 202.4): Buy
We recommend a buy in Prime Focus from a short-term horizon. It is apparent from the charts of the stock that from the March low of Rs 51.8, the stock has been on an intermediate-term uptrend. Moreover, it has been on a medium-term uptrend ...

Day Trading Guide

A year on, Satyam has 50% fewer staff
Hyderabad, Sept. 22 Nearly one year after Satyam Computer Services prepared its second-quarter results in 2008, the number of employees at the crisis-hit company (now, Mahindra Satyam) is put at 28,000, including 4,000 ...

Reliance Infratel revives IPO plan
RCom to offer 10% of tower subsidiary’s equity to investors. Mumbai, Sept. 22 Reliance Communications has revived plans of listing its tower subsidiary Reliance Infratel a year after the proposal was put on hold following the ...

NTPC, Reliance pact for D6 gas ‘in a day or two’
Excludes Kawas and Gandhar stations. New Delhi, Sept. 22 NTPC Ltd is ready to sign a pact “in a day or two” with Reliance Industries Ltd (RIL) for buying gas from the latter’s D6 block in the Krishna-Godavari Basin, except for ...

SEBI, disclosures and frauds
Eight months after the Satyam scandal broke, the Securities and Exchange Board of India (SEBI) seems to have finally decided that it is time it reviewed disclosure and financial reporting standards in the country. And so its Committee on ...

Ford upbeat on India as Alan Mulally stops over
To unveil small car on Wednesday. Mumbai, Sept. 22 A Google search would throw up an endless number of results for Mr Alan Mulally. This is hardly surprising given that he is the President and CEO of Ford Motor ...

Is systemic risk back?
Is the medicine working? It must be the question uppermost in the minds of the members of the Federal Open Market Committee (FOMC), headed by Mr Ben Bernanke, as they meet to review the US economy and decide the course of ...

Finance Ministry handling Bharti-MTN merger: Raja
Executives of both companies ‘meet’ Govt officials. New Delhi, Sept. 22 Bharti Airtel on Tuesday said that the merger talks with South African major MTN will be compliant with the laws in both ...

FIIs continue to have voracious appetite
Inflows for calendar year cross $10 billion. Mumbai, Sept.22 The buying spree of foreign institutional investors continues as their net inflows for the current calendar year crossed the $10-billion mark on ...

Commodity MFs steal the show
Funds outperform Sensex. Mutual funds that invest in commodity and energy stocks have trounced the Sensex returns as well as the 70 per cent category average returns of diversified equity funds on a year-to-date basis ending September 18, thanks ...

Insurance claims may be taxable under new code
Life insurers fear move could hit biz; to take up the issue with Govt. Mumbai, Sept. 22 The insurance claims paid to policy holders in the event of death or disability will be subject to payment of income tax if the new Direct Taxes Code ...

Short-term strength in rupee (Latest Audio:English/Tamil)
The rupee strengthened to 47.8 as the dollar plummeted to a low of 76.2 last Thursday. But as the greenback stabilised, the rally in rupee too halted and the currency has been moving sideways between 47.8 and 48.3 over the last four sessions. ...