The Hindu Business Line : Wednesday, September 02, 2009

Maruti powers car sales into fast lane in August
Easy credit, rising consumer confidence and festive season give push. Mumbai, Sept. 1 Easier availability of credit coupled with higher consumer confidence and the festive season did wonders for car sales in ...

Gas row: Anil Ambani welcomes Centre’s amendments to apex court petition
Centre’s role to be limited to gas use policy of production sharing contract. Mumbai, Sept 1 The Reliance Natural Resources (RNRL) Chairman, Mr Anil Ambani, on Tuesday welcomed the amendments proposed by the Centre in the Special Leave ...

The Prime Minister, Dr Ma... TODAY'S PICK (Latest Audio: English/Tamil)
Jindal Saw (Rs 533.5): Sell
We recommend a sell in Jindal Saw from a short-term perspective. It is apparent from the charts that the stock was on a medium-term uptrend from its July low of Rs 318 to August peak of Rs 591. The stock breached its medium-term uptrend-line ...

Day Trading Guide

Credit offtake set to rise
Mumbai, Sept. 1 Banks can achieve the 20 per cent credit growth projected by the Reserve Bank of India in its Annual Policy, as corporate demand is expected to gather steam in the second half of the financial year, according to Mr M.V. ...

It can take a year to turn around Maytas Infra, says IL&FS chief
Open offer announcement for 20% stake to be made today. Hyderabad, Sept. 1 IL&FS will come up with an announcement on Wednesday for its open offer to acquire 20 per cent additional stake in Maytas Infra Ltd (MIL), which would require about ...

Talk endlessly and still pay just Re 1
Tata Tele breaks per minute barrier with pay per call scheme. New Delhi, Sept. 1 Now talk on your mobile as much as you like without having to worry about per minute ...

Mills contract two-thirds of raw sugar import needs for 2009-10
In the current season, 2.4 mt likely to be imported. Mills have contracted more than two-thirds of their raw sugar import requirements for the ensuing 2009-10 season (October-September), according to Mr Narendra Murkumbi, Managing Director of ...

Car cos not dampened by deficit monsoon
Two-wheeler-makers not so sanguine. BL Research Bureau Concerns about the poor monsoon impacting sales growth have weighed on automobile stocks in recent weeks, with the BSE Auto Index declining 1 per cent in ...

Tata to shed tea tag for beverage bag
New name to be decided in two-three weeks. Kolkata, Sept. 1 Tata Tea Ltd will be renamed to reflect its changing profile, said the Chairman, Mr Ratan Tata, while addressing shareholders at the company’s annual general meeting here on ...

Modi Tyres’ revival to ride on Continental
German co has tech pact with JK Tyres for radials. New Delhi, Sept. 1 After eight years of lifelessness, Modi Tyres is readying to get back its lost position in the tyre industry, but it will not be doing that under the Modi ...

NHPC makes debut on lukewarm note
Retail investors disappointed as stock gains only 2%. Mumbai, Sept. 1 The shares of NHPC were listed at a premium of 16.7 per cent to its issue price of Rs 36 on the NSE on ...

Rupee under pressure (Latest Audio:English/Tamil)
Rupee moved in a narrow band against the dollar in August, first appreciating to 47.1 and then declining towards the 49 mark. Relatively placid movement in equities contributed to this range-bound movement in rupee. Foreign institutional ...

Central, north-west India may get more rains
Thiruvananthapuram, Sept 1 India Meteorological Department (IMD) maintained the outlook for a low-pressure area in the Bay of Bengal on Tuesday when international models indicated building buzz in the South China Sea almost ...