The Hindu Business Line : Tuesday, January 18, 2011

RBI `desperate' to rein in inflation surge
"When I meet other central bankgovernors, they tell me `why don't yougive us a bit of your inflation'.". The Reserve Bank of India is "desperate" to control inflation, said its Governor, Dr D. Subbarao, on Monday. Pointing out that a lot of ...

Larsen & Toubro's order inflow drops 25% in Q3
Larsen & Toubro has reported a 25 per cent dropin order inflow at Rs 13,666 crore for the December quarter, primarily on deferment of orders and postponement of contracts from private and Government sectors. The order inflow in the same ...

"When I meet other centra... TODAY'S PICK (Latest Audio: English/Tamil)
Syndicate Bank (Rs 98.5): Sell
We recommend a sell in the stock of Syndicate Bank from a short-term perspective. It is seen from the charts of the stock that after recording an all-time high at Rs 164 in November 2010, the stock changed direction triggered by ...

Day Trading Guide

TCS profit jumps 30% on all-round growth
The continuing demand for IT services across developed markets coupled with a spike in non-operational income has propelled Tata Consultancy Services to record a 30 per cent rise in net profit for the third quarter ended December ...

Vedanta chief meets Jairam Ramesh, seeks fresh nod for mining in Niyamgiri
The Vedanta Group Chairman, Mr Anil Agarwal, met the Environment Minister, Mr Jairam Ramesh, on Monday and discussed issues relating to Vedanta Aluminium Ltd's refinery expansion in Lanjigarh and bauxite mining in the Niyamgiri Hills ...

Anil Ambani group stocks tank despite clarification
Promoters hike stake in Reliance Infra by 5%. Even after the ADAG Chairman, Mr Anil Ambani's reassurances that SEBI's action against two of his companies would have no effect on his group's fundraising or expansion plans, stocks of all the ADAG ...

Axis Bank net rises 36% on robust credit growth
Sees interest margin declining to 3.3-3.4%. Strong growth in credit helped Axis Bank post a net profit of Rs 891 crore for the quarter ended December 31, 2010, higher by 36 per cent from Rs 656 crore in the corresponding quarter ...

Mahindra Group emerges with new brand — ‘Rise'
The Mahindra Group has announced its new brand position, “Rise”, to project a single umbrella for all ...

WikiLeaks turns guns on the world's richest people
SWISS ACCOUNTS. Whistleblowing Web site WikiLeaks will now turn its attention to some of the world's ...

Durables industry gung-ho on sales growth
Industry's robust sales do not reflect IIP numbers on slowdown. The Index of Industrial Production (IIP) may show the consumer durables industry to be slowing, but the industry continues to be upbeat with most players bullish about maintaining ...

Higher order execution drives strong sales growth for L&T
Margins depressed on increase in input costs. Spurred by sustained robust order execution in the infrastructure and power segments, infrastructure major Larsen & Toubro clocked a strong revenue growth of 40 per cent for the quarter ended ...

FIIs told to reveal details of P-Notes
The Securities and Exchange Board of India (SEBI) has strengthened the reporting process related to offshore derivative instrument and participatory ...

TCS To hire up to 15,000 in next quarter
Tata Consultancy Services (TCS) plans to recruit up to 15,000 in the quarter ending March, company officials said on Monday at an event announcing the third ...

RBI's payment norms may hit tea exports to Iran
The tea industry fears that the recent RBI circular with regard to the settlement issue with Iran will hit India's tea exports to that country. “We've already taken up the matter with the Government,” Mr C.S. Bedi, Chairman of ...

Better consensus on ‘multiple-year' La Nina
Meteorological researchers and scientists around the world are now seized of the possibility of the ‘peaking' La Nina mutating into a ...

‘Growth economies' –– building upon BRICs
Mr Jim O'Neill, Chairman, Goldman Sachs Asset Management, is perhaps best known for two things: his devotion to Manchester United and his coining of the phrase BRIC nations back ...

PM calls on President; indications of a reshuffle soon
The Prime Minister, Dr Manmohan Singh, called on the President, Ms Pratibha Patil, on ...