The Hindu Business Line : Thursday, January 06, 2011

Shriram Cap may sell 20% stake to S. Africa's Sanlam
Seeks to tap Sanlam's expertise for overseas forays. The Sanlam group of South Africa is likely to pick up 20 per cent stake in Shriram Capital, the Shriram group's holding company for all its financial services ventures, it is reliably ...

No diesel price hike for now, says Deora
Despite the volatility in global crude oil prices, the Government is trying to prevent further increase in diesel, and cooking gasretail prices. The Petroleum Minister, Mr Murli Deora, on Wednesday said that his Ministry is not in favour ...

RBI may have to act: The ... TODAY'S PICK (Latest Audio: English/Tamil)
Apollo Tyres (Rs 67.2): Sell
We recommend a sell in the stock of Apollo Tyres from a short-term perspective. It is seen from the charts of the stock that after recording an all-time high of Rs 88.8 in September 2010, it changed direction and has been on a ...

Day Trading Guide

Plan for multi-modal venture by 3 logistics PSUs
SCI, Concor, Central Warehousing Corporation would be equity partners. There is a proposal for a `Logistics Corporation of India' to be created jointly by three public sector ...

Citi case: Hero Corp Services suspects 2 employees
Hero Corporate Services (HCS), a privately-owned entity of the BML Munjal controlled Hero Group, said on Wednesday it has identified two employees who could have colluded with Mr Sanjay Gupta, Associate Vice-President (Accounts), arrested in ...

Third party motor cover may cost more
IRDA proposes 10-100% hike; motor pool running at loss. Get ready to shell out more for vehicle insurance. The annual premium is set to go up as the rates for third party liability cover are to ...

Citibank fraud is no indication of regulatory failure: Montek
The Planning Commission does not see the Rs 300-crore Citibank fraud as a regulatory failure even as it pointed out that frauds cannot be ruled out in ...

RBI may have to hike rates if inflation persists: Rangarajan
Kaushik Basu blames trading cartel for onion price spurt. Terming any inflation rate above 4 per cent as “uncomfortable”, the Chairman of the Prime Minister's Economic Advisory Council, Dr C. Rangarajan, said the Reserve Bank of ...

IT majors tipped to post 4% profit jump in Dec quarter
Improved US economy to fatten numbers. Frontline Indian IT companies are expected to report a near four per cent increase in sequential net profit for the quarter ended December 31 due to the continuing uptrend in discretionary ...

RBI contract at centre of latest De La Rue dispute
The status of contracts with the Reserve Bank of India is at the centre of the latest dispute between De La Rue and its hostile French bidder Francois-Charles ...

Egg prices on the boil due to cold weather, demand
Rates rise to record Rs 2.91 as vegetables turn dearer. Egg prices spiked to a record Rs 2.91 a piece on Wednesday (surpassing the Rs 2.90 a piece it touched on Nov 8, 2010) to touch a 25-year high on account of sudden spurt in ...

BHEL order-book overflowing, but so are the constraints
With orders on hand at a record Rs 1,54,000 crore, India's largest power equipment manufacturer, BHEL, sees its turnover exceeding the target of Rs 45,000 crore for 2011-12, but the company's Chairman and Managing Director, Mr B.P.Rao, also ...

Indian aviation: Flying in calm skies
Pruning debt necessary to realise potential. Circa 2008 and 2009: The aviation sector in India, under attack from a recession-induced demand crawl and major capacity oversupply, was on its knees. The humungous leverage of the big boys in the ...

Monsoon turning weaker and unpredictable, says top scientist
The Indian monsoon is not just becoming weaker but increasingly becoming unpredictable, according to Prof B.N. Goswami, Director, Indian Institute of Tropical ...