The Hindu Business Line : Friday, October 23, 2009

CBI searches DoT office
Probing allegations of irregularities in awarding mobile licences. The Central Bureau of Investigation (CBI) on Thursday searched the office of the Department of Telecommunications to investigate corruption charges against some officials for ...

3-in-a-row for Cong-NCP in Maharashtra
New Delhi, Oct. 22 The Assembly elections saw the Congress Party retain power in the States of Maharashtra and Arunachal Pradesh. In Haryana it fell short of a simple majority, but may still be able to form the ...

The Prime Minister, Dr Ma... TODAY'S PICK (Latest Audio: English/Tamil)
IFCI (Rs 52.5): Sell
We recommend a sell in the stock of IFCI from a short-term perspective. It is perceptible from the charts of IFCI that it has been on an intermediate-term uptrend from its March low of Rs 15 till the early September peak of Rs 61. However, ...

Day Trading Guide

L&T net rises 26% on ‘other income’ boost
Mumbai, Oct. 22 Engineering and construction major Larsen & Toubro has posted a 26 per cent rise in net profit at Rs 580 crore for the quarter ended September 30 against Rs 460 crore logged during the corresponding period ...

Mentor turns promoter of bright ideas
Narayana Murthy sells 8 lakh Infy shares to raise Rs 175 cr for VC fund. Bangalore, Oct. 22 After having steered the company for 28 years through various ups and downs and scaling many new heights, Mr N. R. Narayana Murthy, Chairman and Chief ...

QIPs edge out private equity investors
Mumbai, Oct. 22 Qualified institutional placements seem to have elbowed out private investment in public enterprise (PIPE) deals as Indian promoters find them easier to execute and less risky in terms of ...

Potato, onion and sugar prices shoot through the roof
CUT OUT THE FRIES. New Delhi, Oct. 22 There is good news for weight watchers: If self-control doesn’t work, food prices are doing the trick. In the last one year, potato prices have gone up by over 104 per cent, sugar by 45 per cent, ...

Inflation rate at 20-week high on costlier food items
Wholesale Price Index of all commodities at 242.2. New Delhi, Oct. 22 Headline inflation surged to its highest level in 20 weeks, with the annual Wholesale Price Index-based inflation rising 1.21 per cent during the week-ended October 10, the ...

Microsoft rolls out Windows 7
PC makers line up new products that come pre-loaded with new OS. New Delhi/Bangalore, Oct. 22 Want your PC to instantly hide everything on the screen when boss peeps over your shoulder? Microsoft’s new Operating System Windows 7, released ...

Domestic institutions turn cautious
Take out Rs 2,600 crore this month. Domestic mutual funds and insurance companies which had a strong hand in the market rally post-elections seem to have turned cautious of late. Domestic institutional investors have, for the first time after ...

Time to ease up on monetary throttle
In a few days, the Reserve Bank of India will unveil its Mid-Term Review of Annual Monetary Policy for 2009-10. Central to the review is an assessment of the extent of recovery post the financial crisis of both the global and Indian ...

MoU not worth the paper written on: Reliance
New Delhi, Oct. 22 Stating that the private MoU between Mr Mukesh Ambani and Mr Anil Ambani was not legally binding on it, Reliance Industries Ltd (RIL) told the Supreme Court - hearing the gas supply dispute involving the Ambani brothers ...

3 refiners recover Rs 3,400-cr losses from upstream sector
Concern over Rs 6,500 cr losses on cooking gas and kerosene. Mumbai, Oct. 22 With barely a week to go before their second quarter results are scheduled to be declared, IndianOil, Hindustan Petroleum Corporation and Bharat Petroleum Corporation ...

New Ordinance may hit sugar industry
To bring a uniform norm to determine levy price. Chennai, Oct. 22 The Centre has amended the Essential Commodities Act, 1955, through an Ordinance providing for fixing the levy price of sugar on a ‘fair and remunerative price’ to be ...

Moody’s downgrades ratings of 13 banks
Coimbatore, Oct. 22 Moody’s Investors Service today downgraded the supported ratings of 13 Indian commercial banks following its global review of systemic support indicators for individual banking systems. The rating has affected each ...

The story of Pusa-1121
In early 1998, the then Director-General of the Indian Council of Agricultural Research (ICAR), Dr R.S. Paroda, convened a meeting of top rice exporters at the Indian Agricultural Research Institute (IARI) in Pusa, New ...

Space for a high achiever
She leads a team that helps ISRO put valuable satellite data to good use.. She is the first woman to head a vital arm of the Indian Space Research Organisation in its 50 years of existence. Far from the glamour of satellite launches, Geeta ...

South-west monsoon exits
India Meteorological Department (IMD) has declared on Thursday that the southwest monsoon has withdrawn from the ...