The Hindu Business Line : Tuesday, October 05, 2010

Infosys may hire more in US or buy local firm
To mitigate visa law impact; sitting on $3.1-billion cash. Infosys Technologies is considering either increasing local hiring in the US or acquiring a US-based company in the event of Washington's protectionist policy measures continuing to ...

Cement demand picks up after rains
Firms hike prices in Sept on rising production costs. Cement demand in September was up in many parts of the country, post-monsoon. Companies hiked prices mainly due to higher production costs. A 50-kg bag is now dearer by Rs 10-20 while another ...

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Tata Motors raises QIP size by $225 m
Tata Motors has raised the size of its institutional share sale to $750 million (Rs 3,300 crore) from $525 million (Rs 2,300 crore), following a strong response ...

Banks against freeing savings account rate
Bankers, especially from the public sector, are against deregulation of savings bank (SB) deposit rates. At a pre-monetary policy review meeting with the Reserve Bank of India today, they feared this would unleash unhealthy competition ...

… but not DD with media planners
GAMES ARE A HIT…. After the pessimism, it's euphoria at Doordarshan. After scaling down its initial Rs 200-crore advertising revenues target, the official broadcaster for the Commonwealth Games is now getting optimistic again. With the ...

USO administration seeks autonomy for fund
The Universal Services Obligation administration has told the Department of Telecom that it was in favour of keeping the USO fund outside the purview of the Communications Ministry and re-organised as an independent ...

Coffee exports to Japan may overcome pesticide barrier
Tokyo feels lindane residue could have been flushed out by now. Japan, the world's fourth largest coffee consumer, may be willing to take a more positive view of Indian coffee; this is after a controversy over lindane residue about five years ...

RBI asks custodian banks to get payment commitments
Move to check possibility of default by MF/FII clients. From November 1, mutual funds and FIIs would have to accept a clause from their custodian banks that provides these banks an inalienable right over the securities to be received as payout ...

IIT-Madras sets up US-type research park
Facilitates companies to tap faculty, student talent. The tall building stands out as you branch off the busy Old Mahabalipuram Road and drive along a tree-lined street. It is a warm afternoon and as you walk up to the building you are tempted ...

FDI inflows may surpass last year's $26 b: Sharma
Commonwealth Games to have ‘multiplier' effect. The Commerce and Industry Minister, Mr Anand Sharma, said on Monday that the foreign direct investment (FDI) into the country in 2010-11 is likely to surpass the inflows seen in the last ...

Cane output estimate raised further by 21 mt
Surplus seen in market on production touching 346 mt. In a short period, the Indian sugar market fundamentals have undergone ...

TAPI pipeline: India for clarity on security issues, transit fee
Heads of States of partner countries likely to meet in December. India would like contentious issues such as security, gas price, and transit fee on the Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline network to be resolved ...

Top IT firms set to report rise in net profit
Stable pricing, favourable cross-currency movements. The top three IT exporters, TCS, Infosys and Wipro, may collectively report over 8 per cent rise in sequential net profit for the quarter ended September 30 thanks to robust volumes, a stable ...

Monsoon on retreat sets up active trough across S-E Asia
A chain of at least four low-pressure areas extending from South China Sea and linking Bay of Bengal and the Arabian Sea has set up an active monsoon trough having north-easterly to easterly winds turning south-westerlies to ...