The Hindu Business Line : Friday, January 08, 2010

Hedging pushes currency futures volumes to record $7 b
Hardening rupee and export-import activity contribute to the rush. The combined currency futures turnover on the NSE and MCX-SX reached a record high $7 billion (Rs 32,024 crore) on Thursday as exporters, importers, bullion and commodity ...

Karnataka offers ArcelorMittal 2 sites for Rs 30,000-cr steel plant
We will issue all clearances within 90 days of deciding the place: Yeddyurappa. Karnataka has rolled out a red carpet welcome to the world's largest steel maker, ArcelorMittal, which would like to invest Rs 30,000 crore for setting up a ...

The Karnataka Chief Minis... TODAY'S PICK (Latest Audio: English/Tamil)
JK Paper (Rs 49.4): Buy
We recommend buying the stock of JK Paper from a short-term perspective. It is apparent from the charts of the stock that after recording an all-time low of Rs 14 in March 2009, the stock made a turnaround. Since then, it has been ...

Day Trading Guide

Teaser rate home loans may spell trouble
Fixed for now, the floating rate segment could upset your calculations. There is a possibility that the recent home loan schemes offering fixed-cum-floating rates could lead to a ‘payment shock' ...

Consumer goods sector moves slowly
Q3 growth likely to dip below 10%. The fast-moving consumer goods industry that escaped the slowdown almost unscathed when other industries were hurting, is now beginning to feel ...

Container train operators sceptical of Rlys' premium service
The Indian Railways has offered container train operators an assured transit time (ATT) service for a premium of 10 per cent over the normal rates. In case the Railways is not able to meet the promised time, it will not charge the 10 per ...

Reliance outlets attacked in AP
Hyderabad: The retail outlets and business establishments of the Reliance Group in Hyderabad and some parts of Andhra Pradesh came under attack from supporters of the late Chief Minister Y.S. Rajasekhara Reddy late ...

BSNL-MTNL merger back on the menu
PSUs discuss host of issues with PM. The merger talks between Bharat Sanchar Nigam Ltd and Mahanagar Telephone Nigam Ltd could be back on the menu. The two PSUs discussed the issue at a meeting with the Prime Minister on Wednesday as part of a ...

Food inflation eases to 18.22% on drop in vegetable prices
Potatoes, pulses costly still. Even as such essential items as potatoes, pulses and vegetables remained expensive, food inflation dropped slightly to 18.22 per cent for the week ended December 26, from the previous week's 19.83 ...

Life insurers' losses mount 43% in FY09
LIC's profit increases, most private players hit. The life insurance industry posted a loss of Rs 4,878 crore in the financial year 2008-09, as against a loss of Rs 3,413 crore in 2007-08, according to data released by the Insurance Regulatory ...

Maruti rIII concept could become reality by mid-2012
Company launches Eeco multi-purpose vehicle. Maruti Suzuki's concept MPV ‘rIII', may see production by mid-2012, a company official said ...

Soaring food prices — Failure of supply management
The new system of presenting inflation data of primary articles and fuels separately on a weekly basis introduced by the Government with effect from November 5, 2009, has brought the relentless price fever in food articles to the fore. ...

Pfizer to license, sell 40 Strides drugs in US
First drug to be launched this year. The Bangalore-based Strides Arcolab has announced a major licensing and supply deal with Pfizer by which the world's largest drug maker would source 40 patent-free medicines, mostly cancer therapies, for sale ...

Dense fog springs back to envelop plains of north-west
Fog to dense fog conditions have sprung back to envelop north and northwest India after the wind, temperature and moisture values froze yet again to ...