The Hindu Business Line : Friday, August 13, 2010

M&M to drive global ambitions with SsangYong
Mahindra & Mahindra, which has emerged the preferred bidder for SsangYong Motor Company, believes the acquisition is critical to its ...

Vedanta in talks to buy stake in Cairn India
London-listed Vedanta Resources has confirmed that it is in talks with Cairn Energy, a Scottish oil and gas exploration company, over the acquisition of a stake in a major Indian ...

The Taj reopens: Mr Ratan... TODAY'S PICK (Latest Audio: English/Tamil)
Hercules Hoists (Rs 276.5): Buy
We recommend a buy in the stock of Hercules Hoists from a short-term perspective. It is evident from the charts of the stock that from its March 2009 low of Rs 71.5, it has been on a ...

Day Trading Guide

Food inflation at 11.40% on costlier pulses, milk
Inflation rate in fuel prices slows to 12.66%. Food inflation, based on the Wholesale Price Index (WPI), witnessed an upsurge during end-July, after having dipped for two straight weeks. The annual food inflation increased 11.40 per cent during ...

Scrap security norms on gear imports, DoT told
In a breather to foreign telecom equipment vendors, the Prime Minister's Office has asked the Department of Telecom to scrap the new security-linked guidelines for importing gear in the light of concerns raised by ...

SBI signals hike in prime lending rate
Net interest income drives up Q1 profit 25%. Aided by a sharp rise in net interest income, State Bank of India on Thursday reported a 25 per cent increase in net profit for the quarter ended June 30, 2010, at Rs 2,914 crore (Rs ...

Corus turnaround puts Tata Steel in the black
Aided by a major turnaround in the performance of its European subsidiary Corus, Tata Steel reported a consolidated net profit of Rs 1,825 crore in the June quarter against a loss of Rs 2,209 crore in the same period ...

Ranbaxy Q2 profit falls 52% on forex losses
`A healthy operational performance led by key geographies'. Volatility in foreign exchange rates pulled down Ranbaxy Laboratories' second quarter profit by 52 per cent to Rs 332 crore compared with Rs 693 crore in the corresponding quarter ...

SBI may raise Rs 20,000 cr via rights issue this year
Other options under study include follow-on public offer. State Bank of India (SBI) said on Thursday that it was looking to raise Rs 20,000 crore of capital during the current financial year through a ...

Atul Sobti quits Ranbaxy
Mr Atul Sobti said he was stepping down as CEO and Managing Director of Ranbaxy Laboratories because of differences with the management. Though he did not elaborate on the reasons, Mr Sobti said that the situation had reached a stage where it ...

Industrial growth slips to single digit; 7.1% in June
We did expect deceleration, says Montek. The country's industrial growth has slowed down to 7.1 per cent in June. This follows eight consecutive months of double-digit year-on-year increases in the official index of industrial ...

Black, bold and bountiful
While there is no official estimate available for the magnitude of India's black money, unofficial estimates put the figure at around $1.4 trillion (over Rs 70 lakh crore). This amount is more than one year's GDP. Most of this money has ...

TVS Motor to re-start twin spark-plug Flame
Production will begin this month: Venu Srinivasan. TVS Motor Company will bring back the Flame, the 125 cc motorcycle that was at the centre of a patent litigation between the company and Bajaj Auto two ...

US economy: Gloomy outlook
At its meeting this week, it retreated from an earlier decision to wind down its securities portfolio acquired at the height of the financial crisis. The portfolio comprises both Treasury and non-Treasury paper and is the legacy of the Fed ...

BlackBerry-maker gets time till month-end to address concerns
Post-deadline review might prompt action to block services. The Government on Thursday gave Research In Motion Ltd (RIM), time until August 31 to address concerns raised by the security agencies on two services offered on ...

TCS top IT exporter of FY10; Genpact leads BPO pack
Tata Consultancy Services maintained its pole position in the list of top IT services exporters for 2009-10 (in revenue terms), while Infosys Technologies and Wipro held on to the second and third ...

26% below-normal rainfall last week
A weakened monsoon has delivered 26 per cent less rainfall during the week ending Wednesday with the southern peninsula joining East India to post ...