The Hindu Business Line : Friday, October 17, 2008

Sensex dips 227, trims early losses on fall in inflation
Mumbai, Oct. 16 The measures announced by the Government and the financial markets regulators to boost investor confidence had no positive impact on Indian equities on ...

Emami acquires controlling stake in Zandu
Kolkata, Oct. 16 The Parikh family, the existing promoters of The Zandu Pharmaceuticals Works Ltd, has agreed to sell 18.18 per cent strategic stake to Emami Ltd at a total price of Rs 242 crore, including a non-compete fee of Rs 22 crore. ...

Actor Saif Ali Khan , Bra... TODAY'S PICK (Latest Audio: English/Tamil)
Union Bank of India (Rs 161.60): Buy
We recommend a buy in Union Bank of India from a short-term horizon. It is clearly evident from the charts of Union Bank of India that it has been on an intermediate-term uptrend since its 52-week low of Rs 96 recorded in early July. Within ...

Day Trading Guide

HDFC Bank Q2 net up 43% on higher interest income
Mumbai, Oct 16 HDFC Bank’s second quarter net profit grew 43 per cent to Rs 528 crore from Rs 368 ...

No fuel price cut for now: Deora
New Delhi, Oct. 16 The Petroleum Minister, Mr Murli Deora, has ruled out an immediate price cut on petrol, diesel and domestic LPG. “I welcome fall in oil prices. But the global prices have not fallen enough to warrant a reduction. We ...

Inflation worries recede as number hits 18-week low
‘All-commodities’ WPI down to 239.6. New Delhi, Oct. 16 With focus shifting to the tightening of liquidity conditions and threat of a slowdown, inflation worries are clearly receding to the ...

Net interest margins of banks to rise in Q3
Impact of CRR reduction, farm loan compensation. Bangalore, Oct. 16 The net interest margins (NIM) of banks are likely to jump sharply during the third quarter of this financial year after the 250 basis points reduction in the Cash Reserve ...

HCL Tech buys over 10% stake in Axon
New Delhi, Oct.16 HCL Technologies — the sole bidder left in fray after Infosys pulled out of the race for Axon — has purchased 10.43 per cent stake in the UK-based SAP consulting firm, at 631 pence ...

CCEA clears Rs 50 a quintal paddy bonus
Official procurement price is now Rs 900/quintal for common paddy. New Delhi, Oct 16 The Centre, on Thursday, approved a Rs 50/quintal bonus for paddy, over and above the already declared minimum support price payable during the current 2008-09 ...

No retrenchment, only leave without pay for AI staff
Airline signs pact with EADS for maintenance facility. Hyderabad, Oct. 16 The state-owned Air India will not retrench any workers but could come up with a Voluntary Leave Scheme, which will allow its employees to go on leave without pay for ...

FIIs’ selling touches $11 b
Credit Suisse, Goldman Sachs offload shares. Mumbai, Oct. 16 The relentless selling of Indian equities by FIIs have added up to net sales of $11 billion by them so far this year, according to data on the SEBI Web ...

Tata Motors rights issue gets lukewarm response
Impact of meltdown in stocks. Mumbai, Oct. 16 The meltdown in the stock markets had its impact on the rights issue of Tata Motors. According to merchant banking sources, the issue has received lukewarm response so far from the public ...

Westerly system triggers rains over northwest
Thiruvananthapuram, Oct. 16 A western disturbance lying over Jammu and Kashmir has triggered fairly widespread rain and snow over the western Himalayan region during the past 24 ...