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Wednesday, September 03, 2008
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Our office will remain closed today on account of Vinayaka Chathurthi and there will be no edition of THE HINDU BUSINESSLINE dated 4th September 2008.— MANAGING DIRECTOR

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Tata Motors gearing up to pull out from Singur
Working out detailed plan to relocate plant, machinery. Chennai/Kolkata, Sept. 2 Tata Motors is all set to pull out of Singur in West Bengal, from where it was to roll out its low-cost car ...

Troubled ride



Plant on stream:Th...
TODAY'S PICK (Latest Audio: English)
Srei Infra Finance (Rs 109.1): Buy
Short-term traders as well as investors with a medium-term perspective can consider buying Srei Infrastructure Finance at current levels. Despite the harrowing decline from the January peak at Rs 292, the long-term view for the stock stays ...


Gas row: RNRL willing to place family MoU in court
Mumbai, Sept. 2 Senior Counsel for RNRL, Mr Ram Jethmalani, told the Bombay High Court on Tuesday that the Anil Ambani Group company was willing to place before the court the relevant portions of the family Memorandum of Understanding between ...

General Electric concerned over time constraints for nuke deal
Clock ticking for US companies as Congressional window closes. New Delhi, Sept. 2 A delayed Nuclear Suppliers Group (NSG) approval for the Indo-US nuke deal could be bad news for US reactor manufacturers eyeing the Indian atomic power space. ...

Drop in crude price lifts Sensex 550 points
FII buying mainly in large cap stocks. Mumbai, Sept. 2 Equity investors cheered by the drop in crude prices bought shares in the rate sensitive sectors on Tuesday, pushing the Sensex beyond the 15,000-mark and the Nifty above the 4500-mark. ...

Exchange traded interest rate futures likely by Dec
New Delhi, Sept. 2 Exchange-traded interest rate futures (ETIRF) will be a reality in the Indian market by December 2008 or latest by January next year, a top SEBI official said here today. ...

Tata Motors’ ‘A’ rights priced Rs 305 a share
To have lesser voting rights but higher dividend. Mumbai Sept. 2 Tata Motors on Tuesday said it will issue shares with lower voting rights (‘A’ ordinary shares) on a rights basis at Rs 305 for a share, which is at a discount of 10 ...

Households shift more money into shares, MFs
Investments into small savings, provident funds come down. Chennai, Sept. 2 You and I have preferred to put more of our money in shares, mutual funds, insurance policies and bank deposits as compared to what we did four years ago. ...

Ranbaxy shares plunge 10% intra-day
Daiichi Sankyo’s open offer ends on September 4. Mumbai, Sept. 2 Ranbaxy shares plunged 10 per cent on Tuesday after it witnessed huge amounts of selling as last minute traders were unable to surrender their shares before the close of ...

Westerly system seen driving rains into north-west
Thiruvananthapuram, Sept 2 Monsoon has been active over interior Karnataka and south Maharashtra during the 24 hours ending Tuesday morning as an active rain belt over East India seemed to have moved south-southeast from flood-ravaged Bihar. ...

Inflation heading down, but should RBI cut?
It’s all over bar the shouting. Mr Duvvuri Subba Rao, Finance Secretary to the Government of India, will succeed Dr Y. V. Reddy as Governor of the RBI, ending weeks of ...


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Markets (Sep 02)
Nifty (at close)4504.00(+155.35)
US Dollar (Buy/Sell)44.41/42
Brent crude (a bbl) Rs4,904
Gold (a gram) Rs1,089
Silver (a kg) Rs20,100


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