The Hindu Business Line : Friday, February 05, 2010

Software, services exports to grow 15% in FY11
Nasscom says industry will hire 1.5 lakh professionals coming fiscal. Bouncing back from the global slump, India's IT and BPO exports are projected to grow 13- 15 per cent in FY11 to $56-57 billion, the growth rate three times that of the ...

RBI projects big jump in India Inc profits
The Reserve Bank of India's professional forecasters' survey has upped the projections for the corporate sector's profitability growth in the current as well as the ...

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Israel court stops Sun from picking more Taro stake
Setback for Indian co on deal pending for over 2 years. The Supreme Court of Israel has asked Sun Pharmaceutical Industries Ltd not to exercise a warrant to purchase additional Taro shares till the time an earlier temporary injunction is in ...

British civil nuclear industry gears up for Indian opportunities
Britain and India have agreed on the text of a civil nuclear cooperation agreement, paving the way for British nuclear energy companies to access the ...

ACC, Ambuja Cement net profit drops in Q4
Hit by lower demand, realisation. Holcim-owned ACC and Ambuja Cement have posted a fall in net profit during the quarter ended December 31 due largely to a drop in demand and lower realisation in the Southern and ...

Food inflation surges to 17.56%
Food inflation, based on the annual wholesale price index, surged 17.56 per cent during the week ended January 23, higher than the previous week's annual rise of 17.40 per cent. This is the second week in a row that food inflation has ...

RBI's move to restructure bad loans saves banks
Slowdown-hit industries too got relief. Did the restructuring of bad loans done by the Reserve Bank of India a year ago help small and medium enterprises recover and also curtail the build-up of bank's bad loans, or did it just delay the ...

Every Re 1 hike in diesel to cost Rlys Rs 234 cr annually
Indian Railways – the single largest high speed diesel consumer in the country at 2.35 billion litres a year – will have to take a hit of about Rs 234 crore annually for every one rupee increase in price ...

OIL-IOC combine launches hydrocarbon hunt in Libya
The consortium of Oil India Ltd (OIL) and IndianOil (IOC) has launched the much awaited drilling campaign in five onshore blocks in Libya in January. IOC and OIL own 50 per cent interest each in all the blocks with OIL being ...

NTPC follow-on issue fails to attract retail interest
Shares reserved for QIBs subscribed 1.5 times. Retail participants appeared to be shying away from the NTPC Follow-on Public Offering (FPO) even on the second day of the issue, their subscription at close of day being only ...

Gloom pervades Greek business
Times are tough for Mr Gurdeep Singh Dimitrios, the owner and Manager of MultiTrading, a shop selling Indian groceries in Greece's capital city, Athens. Business is down some 50 per cent this year, and the outlook isn't ...

Beware too much money flow into commodity derivatives
Banks, FIIs, mutual funds participation can push up prices. Over the last 5-6 years, commodity futures exchanges, bankers, chambers of commerce and sundry others including economists and analysts have been clamouring for allowing banks, mutual ...

H1 price outlook bearish for wheat, corn, soya
Rabo Bank sees sugar prices ruling high this year. Last year's trend in commodity markets is likely to continue at least in the first half of this year with soft commodities like coffee, sugar and cocoa likely to witness bullish movements. The ...

Finally, industry clicks $50-b export mark
If you aim for the sky, you may reach the treetops - and that may well be true of the Indian IT-BPO industry. The 1999 Nasscom-McKinsey report, which fired India's IT ambitions then, had fixed a target of $50 billion in IT and BPO exports ...

IMD warns of hailstorm threat for north-west
India Meteorological Department (IMD) has warned about the possibility of isolated hailstorm over parts of north and north-west as an “active” western disturbance checks into the region ...