The Hindu Business Line : Friday, October 02, 2009

Norms simplified for grant of mega power status
Aims to encourage domestic manufacturing of super critical tech. New Delhi, Oct. 1 The Centre has approved a slew of modifications to the Mega Power Policy, essentially aiming at simplifying the procedure for grant of mega certificate for ...

Gas row: Apex court sends NTPC back to High Court
New Delhi, Oct 1 The Supreme Court has declined to get in the way of the Bombay High Court order permitting Reliance Industries Ltd to amend its plea in RIL’s dispute with NTPC over the gas supply from the Krishna-Godavari Basin D6 ...

The Ministry of Petroleum... Bharti Airtel surges after deal collapse
Analysts see short-term opportunity in the scrip. The shares of Bharti Airtel surged on Thursday in reaction to the collapse of the company’s deal with ...

SBI cuts deposit rates across the board
Mumbai, Oct. 1 State Bank of India on Thursday said it will pare the interest on domestic term deposits by 25 basis points across the board with effect from October ...

India Inc on mop-up mode; raises Rs 33,800 cr equity in Sept quarter
Fund-raising in Indian capital market gathered pace in the quarter ended ...

Hyundai’s Sept sale highest in 11 years
Maruti consolidates No 1 position. Mumbai, Oct. 1 September was a good month for carmakers with Maruti Suzuki consolidating its leadership position and Hyundai clocking its highest-ever monthly sales ...

Intelligence agencies want to snoop on ‘missed calls’ too
TERROR SIGNALS. Even missed calls could soon come under the scanner of the intelligence agencies. The security agencies have told the Department of Telecom that it should ask mobile operators to keep a record of missed calls also on the grounds ...

Export decline slows in August; imports drop
Trade deficit in April-August narrows. New Delhi, Oct. 1 The country’s exports continued to slide for the eleventh month in a row, in August, though the pace of decline slowed to settle just under 20 per ...

Average revenue per user for GSM operators falls below Rs 200
New Delhi, Oct. 1 In what could be a matter of concern for GSM-based mobile operators, the Average Revenue Per User (ARPU) has for the first time fallen below the Rs 200 ...

Gold declines on dollar strength
Mumbai, Oct. 1 Gold prices continue to be guided by currency movements which set the tone of ...

Inflation rate inches up on costlier food, farm items
Wholesale Price Index of all commodities up at 243.3. New Delhi, Oct. 1 The wholesale price inflation inched up for a third straight week, stoked mainly by essential food items and farm products, including fruits and ...

Iran asked to clear the air on Basmati contamination
No ban imposed on import of Indian rice, say exporters. New Delhi, Oct. 1 Basmati exporters have sought an official clarification from Iran on reports of rice shipments from India being detected with high levels of arsenic, cadmium ...

ESIC’s Rs 20,000-cr corpus in public sector bank deposits
Annual surplus zooms due to rise in new memberships. Bangalore, Oct. 1 The Employees’ State Insurance Corporation (ESIC) continues to park its entire corpus of Rs 20,000 crore with public sector ...

Hero Honda sales cross 4-lakh mark
TVS Motor, Yamaha too post higher sales. Mumbai, Oct. 1 Hero Honda continued its good run in September with sales of 4,01,290 two-wheelers, of which motorcycles led by the Splendor and Passion brands accounted for a lion’s ...

Monsoon draws to a close, 2nd worst in 37 years
The June to September rain deficit has been assessed at 23 per cent as the southwest monsoon wound officially to a close on Wednesday making it the second worst season in the last 37 ...