The Hindu Business Line : Wednesday, October 29, 2003

Straws in the wind?
A COUPLE of months ago, the Tamil Nadu Government cancelled the licences for sand quarrying granted to private parties and took over the responsibility under its own wings. The move was instantly welcomed by all ... More

FINANCIAL SCAN

Central bankers laugh off growth
Central banking philosophy was embedded in a former US Federal Reserve Chairman, William McChesney Martin's famous witty comment that his job was to remove the punch bowl just when the party got going. Translation: raise interest rates when the ... More

REFLECTIONS

Nature in the nude
THIS year Lachman Singh refused to pluck the bright yellow jendu flowers blooming in plenty during the late October mornings just ahead of Dassera and Diwali. The local florists make thorans (garlands) by stringing the yellow flowers with ... More

DOWN TO EARTH

Farm power tariffs — EC touched by live wire, now
From roads and committee rooms to Raj Bhavans, courts of law, Cabinets and, now, the Election Commission, the issue of farm power tariffs has moved via numerous points. Yet, there is little hope that the farmer, who gets irregular, low quality supply that damages equipment and crops, will ever get justice in the matter. He will pay a tariff several times that computed by the CACP, but still be seen as the guilty party in the great Indian power tragedy, says Sharad Joshi. More

MICROSCOPE

Cummins India: Exports, new business pay
THE robust numbers for Cummins India is the outcome of its new revenue model - exports and new businesses. After two years of flat performance, Cummins' has recorded robust performance in the last three quarters, primarily due to a gradual ... More

EAR TO THE GROUND

Smooth road ahead
THE stock of the Baroda-based automotive gasket maker, Banco Products, has suddenly become active. According to the market grapevine, a Mumbai-based broking house is quite bullish at that counter. The company makes gaskets for automobile ... More

ON THE HEDGE

Outlook positive on HPCL, Polaris
THE following strategies are based on Tuesday's trading in the derivatives segment on the NSE: Equity options HPCL: The outlook on this stock is positive. The upside price target is Rs 366, but the stock can move to Rs 400 if ... More

SENSOR

Mild recovery in select pivotals
AFTER starting the week with a massive over 100-point crash on Monday, the markets witnessed a mild revival of demand in select pivotals. The overall sentiment in the stock markets seemed to have improved marginally after a few good corporate ... More

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