The Hindu Business Line : Tuesday, August 03, 2010

Indian shipping lines seek ‘reservation' of oil cargo
Indian shipping companies are lobbying for a “first right of refusal” in carrying crude oil imported by public sector ...

Disagreement between regulators led to ULIP Ordinance: Pranab
The Securities and Exchange Board of India (SEBI) and the Insurance Regulatory and Development Authority (IRDA) disregarded the Finance Minister's suggestion to “jointly seek a binding legal mandate from an appropriate High Court” ...

The New Integrated Termin... TODAY'S PICK (Latest Audio: English/Tamil)
Dena Bank (Rs 102.1): Buy
Investors with short-term trading perspective can buy the stock of Dena Bank. The stock recently moved above the key long-term resistance at Rs 98 that was the peak formed in January 2008. If the stock sustains above this level it will ...

Maruti raises prices by Rs 2,000-7,500
Maruti Suzuki India Ltd on Monday raised prices by Rs 2,000 to Rs 7,500 (ex-showroom Delhi) of its models, except the most popular Alto.This price increase will be effective immediately, the company said. The company attributed this ...

Ban coming on imported mobiles with high radiation levels
In a blow to unbranded mobile handsets being sold in the market, the Directorate-General of Foreign Trade (DGFT) will shortly issue new rules in effect banning import of phones that emit radiation higher than what is permitted under the ...

BHEL will be Rs 50,000-cr firm by 2012, says CMD
Power equipment blue chip BHEL expects to outstrip its revenue target for 2012 and become a Rs 50,000-crore ($ 11-billion) company, its Chairman and Managing Director, Mr B. Prasad Rao, said ...

Mergers — now playing out on multiplex screens
Market abuzz with consolidation moves. Mumbai, Aug. 2 Mergers and acquisitions are expected to dominate the Indian multiplex landscape in the ...

Good rains, new models accelerate auto sales in July
Maruti crosses 1-lakh mark again, Hyundai goes past 50,000. Good rains coupled with positive business sentiment and new models revved up car sales in July. Market leader Maruti Suzuki crossed the one lakh-mark for the second time even as Hyundai ...

Pledging of shares by promoters on the upswing
Real estate, infrastructure, media cos dominate the scene. Many listed companies have seen a rise in shares pledged by promoters despite easier liquidity and rising ...

Healthy travel demand lifts aviation stocks
Outlook positive with improvement in operational income. Airline stocks have been moving northwards in the last month on the hope that aviation industry could be well on the path ...

GAIL profit jumps 35% in Q1
To raise Rs 500 cr via bonds in January. GAIL (India) Ltd has reported a 35 per cent increase in its net profit for the first quarter of the current fiscal, as it transported more natural gas and LPG as well as made more revenues from ...

L&T bags Rs 6,500-cr power plant order
Larsen & Toubro has bagged a Rs 6,500-crore order from the Jaiprakash Group for supply, erection and commissioning of a generator package, piping and plant automation for a 3 x 660 MW power plant being set up in ...

Lok Sabha okays Bill to trim Govt stake in SBI to 51%
The Lok Sabha on Monday passed the State Bank of India (Amendment) Bill 2010, which seeks to, among other things, reduce the statutory minimum shareholding of the Central Government in the bank to 51 per cent from the current level of 55 ...

Give revenue sharing details to CAG, apex court tells pvt telcos
The Supreme Court on Monday asked private telecom companies, which are members of the Cellular Operators Association of India, to submit their revenue sharing details to the Comptroller and Auditor General (CAG) within ...