Business Line articles from May 2009

Business Line archives from May 2009

FRONT PAGE: Bharti Wal-Mart plans 15 wholesale stores in 3 years.
May 31, 2009... from BUSINESS LINE, May 31, 2009 Amritsar, May 30 - Bharti Wal-Mart Pvt Ltd, the joint venture between Bharti Enterprises and Wal-Mart Stores Inc, today opened its first wholesale, B2B and cash and carry retail venture albeit without its famous...

FRONT PAGE: Further headroom for Sensex gains seen.
May 31, 2009... from BUSINESS LINE, May 31, 2009 With the 20 per cent post-election rally, the Sensex has already shot past the new 2009 targets set by many brokerage houses. However, has this made Indian stocks too expensive for comfort? Maybe not, if hopes...

FRONT PAGE: BSNL scouts for pvt partners for Internet Data Centres.
May 31, 2009... from BUSINESS LINE, May 31, 2009 New Delhi, May 30 - Bharat Sanchar Nigam Ltd has invited bids from private players to set up Internet Data Centres (IDCs) in various parts of the country on a revenue sharing basis. The centres are expected to...

FRONT PAGE: Gold'en' jewellery option, just rent it.
May 31, 2009... from BUSINESS LINE, May 31, 2009 Mumbai, May 30 - You can rent a house, a car, a locker, and even a dress. Now, how about renting jewellery made of real gold and studded with precious gems? Well, with the chips down in the export as well as...

CORPORATE: AWS Truewind begins services here.
May 31, 2009... from BUSINESS LINE, May 31, 2009 Chennai, May 30 - The US-based AWS Truewind, a company offering wind forecasting services for the wind energy sector, has launched its services in India. Addressing a meeting here recently, Dr Michael Brower,...

CORPORATE: Sun Pharma fourth-quarter net falls 45% to Rs 394 cr.
May 31, 2009... from BUSINESS LINE, May 31, 2009 Mumbai, May 30 - Drug maker Sun Pharmaceutical took a 46 per cent hit on its export in the last quarter of the financial year ended March 31, 2009, impacting its consolidated bottomline for the same period. ...

CORPORATE: Divyashakti's net profit rises.
May 31, 2009... from BUSINESS LINE, May 31, 2009 Hyderabad, May 30 - Divyashakti Granites Ltd's net profit more than doubled at Rs 11.64 crore in the financial year ended March 31, 2009 compared with Rs 3.59 crore in the previous fiscal. The total sales...

CORPORATE: BOC India rules out raising equity for now.
May 31, 2009... from BUSINESS LINE, May 31, 2009 Kolkata, May 30 - BOC India management has made it clear that the company was not increasing its equity now and was also not considering delisting of its stock. This means the promoters, the Linde Group of...

CORPORATE: V Guard Industries net up 18%.
May 31, 2009... from BUSINESS LINE, May 31, 2009 Kochi, May 30 - The net profit of V Guard Industries has grown by 18 per cent to Rs 17.34 crore in 2008-09. The company's net sales have grown by 14 per cent to Rs 317 crore (Rs 278 crore). The board has...

CORPORATE: Honda sees numbers in super bikes.
May 31, 2009... from BUSINESS LINE, May 31, 2009 Mumbai, May 30 - Honda Motorcycle & Scooter India (HMSI) has stepped up its marketing drive in super bikes to strengthen its brand presence in the country. The 100 per cent arm of Honda, Japan, opened its...

CORPORATE: Molson Coors to have majority stake in Cobra Beer jt venture.
May 31, 2009... from BUSINESS LINE, May 31, 2009 Bangalore, May 30 - With UK-based Cobra Beer entering into a joint venture with Molson Coors, the Indian operations of the beer major have been hived off into an independent company. Lord Karan Bilimoria, the...

CORPORATE: Ratnagiri Gas may run at full capacity by January.
May 31, 2009... from BUSINESS LINE, May 31, 2009 Kolkata, May 30 - Ratnagiri Gas & Power Pvt Ltd (RGPPL) may start operating at full capacity of 2,150 MW by January. RGPPL had stepped up generation from 650 MW to 950 MW earlier this month. "The repair of...

CORPORATE: Tata Steel UK gets lenders' nod to reset Corus debt terms.
May 31, 2009... from BUSINESS LINE, May 31, 2009 Chennai, May 30 - Tata Steel has said that lenders of its UK subsidiary have agreed to ease certain conditions for a USD3.7- billion debt related to its Corus acquisition. As part of the agreement, Tata Steel...

NEWS: RBI panel deliberates on financial market development.
May 31, 2009... from BUSINESS LINE, May 31, 2009 Mumbai, May 30 - A meeting of the High-Level Coordination Committee on Financial Markets (HLCCFM) was held on Saturday at the Reserve Bank of India. The committee discussed the developments in financial...

NEWS: President's address: Focus on rural job, Bharat Nirman schemes.
May 31, 2009... from BUSINESS LINE, May 31, 2009 New Delhi, May 30 - The strengthening of key social sector programmes such as the National Rural Employment Guarantee Scheme (NREGS) and Bharat Nirman schemes, and initiatives for urban employment are the key...

NEWS: Lure more tourists: Selja.
May 31, 2009... from BUSINESS LINE, May 31, 2009 New Delhi, May 30 - India needs to attract more foreign tourists, whose number has dipped after the Mumbai terror attack and due to economic slowdown, the Tourism Minister, Ms Kumari Selja, said on Saturday. ...

NEWS: New body set up for bullion trade.
May 31, 2009... from BUSINESS LINE, May 31, 2009 Mumbai, May 30 - National Spot Exchange Ltd (NSEL) on Saturday announced the creation of the Indian Bullion Market Association, which it described as a national-level body that will represent the Indian trade and...

NEWS: Lebanon's Mikati family backs MTN-Bharti deal.
May 31, 2009... from BUSINESS LINE, May 31, 2009 New Delhi, May 30 - In a boost to the ongoing merger talks between Bharti Airtel and MTN, the second biggest shareholder in the South African company, Lebanon's Mikati family, on Friday said that it would back a...

LOGISTICS: HAL to develop Nashik airport.
May 31, 2009... from BUSINESS LINE, May 31, 2009 Mumbai, May 30 - Hindustan Aeronautics is in talks with Mumbai International Airport Pvt Ltd to act as a consultant for the development of the Nashik airport, now used for test flights by HAL and Indian Air Force...

NEWS: EEPC fears 37% job loss.
May 31, 2009... from BUSINESS LINE, May 31, 2009 Kolkata, May 30 - EEPC India, formerly Engineering Export Promotion Council, has expressed concern that the present global economic slowdown is hitting hard the engineering sector, so much so that job loss in the...

AGRI-BUSINESS: Spot rubber rules steady.
May 31, 2009... from BUSINESS LINE, May 31, 2009 Kottayam, May 30 - The physical rubber prices continued to remain steady on Saturday. The weekend session was quite dull as most of the traders were not interested to expand their commitments in the absence fresh...

AGRI-BUSINESS: Palm oil may test resistance, dip.
May 31, 2009... from BUSINESS LINE, May 31, 2009 Malaysian palm oil futures rose higher on Friday lifted by strong energy prices despite expectations of higher production and supplies in the coming months. The market was off its intra-day highs, on fears of...

FRONT PAGE: Weekly News Round up.
May 31, 2009... from BUSINESS LINE, May 31, 2009 The Indian economy logged a growth of 6.7 per cent in 2008-09 despite the global economic crisis leaving an adverse impact on output in the second-half of the fiscal year under review. This is lower than the 9...

FRONT PAGE: Redington India: Buy.
May 31, 2009... from BUSINESS LINE, May 31, 2009 Investors with a two-year horizon may buy the shares of Redington India, an IT hardware and software distributor. The company has potential for scaling up its sales in high growth markets of India, West Asia...

INVESTMENT WORLD: Buoyed by disinvestment hopes.
May 31, 2009... from BUSINESS LINE, May 31, 2009 After being also-rans in the bull market from 2003 to 2007, listed PSUs saw a revival of interest after the 2009 election verdict. The BSE PSU index rose 39.5 per cent post-elections, beating the 24 per cent...

INVESTMENT WORLD: The line-up for disinvestment.
May 31, 2009... from BUSINESS LINE, May 31, 2009 By now, it is quite clear that the Government does have divestment of its stakes in PSUs high on its agenda for the next few months. That may well allow investors to buy into a whole range of offers from listed...

MARKET WATCH: Query Corner : What the charts say.
May 31, 2009... from BUSINESS LINE, May 31, 2009 I have purchased Praj Industries at Rs 75. Please advise whether to book profit or buy some more at current level. Manjula Praj Industries (Rs 109): The harrowing decline recorded in 2008 in Praj Industries...

MUTUAL FUNDS: Target returns funds: Need for style-based tactical asset allocation strategy.
May 31, 2009... from BUSINESS LINE, May 31, 2009 Target returns fund appears to be finding favour among asset management firms. Prudential ICICI Mutual Fund launched one recently and reportedly has met with good investor response. Reliance Mutual Fund has filed...

MARKET WATCH: Nifty future may move higher, but caution advised.
May 31, 2009... from BUSINESS LINE, May 31, 2009 Defying gravity, the market continued to witness a firm trend. The Nifty June future closed the week at 4441 with a gain of 4.8 per cent over the previous week's close of 4256.2. However, the June future closed...

MARKET WATCH: Pivotals.
May 31, 2009... from BUSINESS LINE, May 31, 2009 Reliance (Rs 2,277.5) RIL moved sideways in a narrow range before spurting to an intra week peak of Rs 2,304 on Friday. As indicated in our last column, the short-term trend in this stock is down. Immediate...

MARKET WATCH: Welspun India (Rs 35.8): Buy.
May 31, 2009... from BUSINESS LINE, May 31, 2009 Investors with long-term perspective can consider buying Welspun India. The structural down-trend from December 2004 peak in this stock halted at Rs 13 this February and a strong uptrend is in motion since...

MARKET WATCH: Index Outlook - Air pockets ahead.
May 31, 2009... from BUSINESS LINE, May 31, 2009 Sensex (14625.2) Sensex treaded water in the early part of last week as the expiry of the May derivative contracts dominated proceedings. Fresh resolve displayed by the new (?) Cabinet to make a difference this...

MUTUAL FUNDS: Lumpsum still scores.
May 31, 2009... from BUSINESS LINE, May 31, 2009 In a highly volatile market, the SIP (systematic investment plan) is considered better than lumpsum investments. Mutual funds too advocate this method to weather volatile markets. But the numbers suggest a...

MUTUAL FUNDS: Fund Talk.
May 31, 2009... from BUSINESS LINE, May 31, 2009 Please give your advice on my investments for a long-term horizon of 5 to 7 years. I have invested in small amounts in all schemes spread over a period of last 2.5 years even during the Sensex high of 21000 and...

MUTUAL FUNDS: Magnum Multiplier Plus 1993: Invest.
May 31, 2009... from BUSINESS LINE, May 31, 2009 Investors with a penchant for high risk can consider investments in Magnum Multiplier Plus. The fund has generated a compounded annualised return of 34 per cent over a five-year period and outpaced the benchmark...

MUTUAL FUNDS: Update.
May 31, 2009... from BUSINESS LINE, May 31, 2009 Reliance Mutual Fund has launched a fund that will invest in infrastructure companies. Opportunities in the related sectors such as transport, banks and financial institutions, energy, power and oil, metals and...

MUTUAL FUNDS: Birla Sun Life Frontline Equity Fund: Invest.
May 31, 2009... from BUSINESS LINE, May 31, 2009 K.Venkatasubramanian Investors can consider buying the units of Birla Sunlife Frontline Equity Fund (Birla Frontline), given its long-term track record of delivering steady returns and ability to contain...

SCRIP SCAN: JK Lakshmi Cement: Buy.
May 31, 2009... from BUSINESS LINE, May 31, 2009 The stock of JK Lakshmi Cements looks an attractive buy in the mid- cap cement space at the current price of Rs 98. The stock trades at just three times its trailing four quarter earnings when some of its peers...

SCRIP SCAN: Shriram Transport Finance Company: Buy.
May 31, 2009... from BUSINESS LINE, May 31, 2009 Fresh investments can be considered in the stock of Shriram Transport Finance Company (STFC), which is among the leading asset financing (commercial vehicle financing) NBFCs in India. The company delivered...

SCRIP SCAN: Tata Motors: Hold.
May 31, 2009... from BUSINESS LINE, May 31, 2009 Tata Motors is in a phase that cricket commentators would call consolidation - that is, the period where the side chasing runs rebuilds its innings after the fall of a couple of quick wickets. The company is...

PERSONAL FINANCE: Killer home loans.
May 31, 2009... from BUSINESS LINE, May 31, 2009 In the new economy, wins are private affairs, and losses, public, bemoans Jon Jeter in Flat Broke in the Free Market: How Globalization Fleeced Working People (www.wwnorton.com ). He finds that the collapse of...

PERSONAL FINANCE: Treatment of capital gains on sale of shares.
May 31, 2009... from BUSINESS LINE, May 31, 2009 I have three demat accounts and hold 375 shares of RPL, the details of which are as follows: Acquired on January 1, 2007- 100 shares with ICICI in demat; acquired on January 1, 2008 - 75 shares with IDBI in...

PERSONAL FINANCE: How to climb out of debt trap.
May 31, 2009... from BUSINESS LINE, May 31, 2009 Debt is an important tool available to every individual who is keen to build his assets. Being in debt is not a bad thing as long as you are taking steps to pay it off. In India it is common to find...

INVESTMENT WORLD: Reading corporate actions.
May 31, 2009... from BUSINESS LINE, May 31, 2009 Crude oil prices, interest rates, corporate results - there are a plethora of factors that the stock market investor needs to track to make informed decisions about stocks. These apart, corporate actions...

INVESTMENT WORLD: Relative Strength Index.
May 31, 2009... from BUSINESS LINE, May 31, 2009 One of the most useful and popular momentum oscillators is the Relative Strength Index (RSI). It was developed by J. Welles Wilder and published in his book New Concepts in Technical Trading Systems in 1978. The...

INVESTMENT WORLD: All about QIPs.
May 31, 2009... from BUSINESS LINE, May 31, 2009 With most funding routes closed, Qualified Institutional Placements or QIPs seem especially alluring at the moment. The past couple of weeks have seen quite a few companies expressing their intention to take...

INVESTMENT WORLD: The strange case of bistromathics.
May 31, 2009... from BUSINESS LINE, May 31, 2009 It was yet another stressful wait at the airport last week. We all know the reason by now - "delay due to the late arrival of the incoming aircraft". Why is it that flights as a rule do not take off on time? And...

INVESTMENT WORLD: Harping on value for money.
May 31, 2009... from BUSINESS LINE, May 31, 2009 After the real estate meltdown, with the price differential between gated community projects and smaller private developers coming down, more and more new buyers are looking at gated community holdings. This...

INVESTMENT WORLD: Luxury mall in Chennai.
May 31, 2009... from BUSINESS LINE, May 31, 2009 Bergamo Luxury Mall, a shopping destination for the super rich, is set to open its doors in Chennai at Khader Nawaz Khan Road. The 40,000 sq.ft mall will open on June 15 next year, with 24 stores offering...

INVESTMENT WORLD: Rebound in realty?
May 31, 2009... from BUSINESS LINE, May 31, 2009 Nearly a year after the demand slowdown, the property market sentimentsseem to be improving, according to real estate companies. Builders across the market segment are claiming that the last two months have...

FRONT PAGE: Govt to consider freeing petrol, diesel prices.
May 30, 2009... from BUSINESS LINE, May 30, 2009 New Delhi, May 29 - The Government will consider deregulating petrol and diesel prices, Mr Murli Deora, said on Friday after taking over as Minister of Petroleum and Natural Gas for a second term. "The issue...

FRONT PAGE: My motto is phone calls at 10-20 paise a minute: Raja.
May 30, 2009... from BUSINESS LINE, May 30, 2009 New Delhi, May 29 - The Communications and IT Minister, Mr Andimuthu Raja, expects telephone tariffs to come down to as low as 10 paise a minute for local calls and to 25 paise a minute for domestic long distance...

FRONT PAGE: Q4 GDP growth brings cheer.
May 30, 2009... from BUSINESS LINE, May 30, 2009 New Delhi, May 29 - The Indian economy logged a better-than-expected 6.7 per cent growth in 2008-09 despite the global financial meltdown adversely impacting its output in the second-half of the fiscal year under...

FRONT PAGE: P-Notes on the rise with market surge, say experts.
May 30, 2009... from BUSINESS LINE, May 30, 2009 Mumbai, May 29 - There are signs that issue of Participatory Notes by foreign institutional investors has been increasing the last six months and has gathered momentum in the current market rally, say market...

FRONT PAGE: Tata Motors Q4 net up 10% at Rs 591 cr.
May 30, 2009... from BUSINESS LINE, May 30, 2009 Mumbai, May 29 - Tata Motors has reported a 10 per cent growth in net profit at Rs 591 crore for the quarter ending March 31, 2009 as against Rs 536 crore in the corresponding period last year. Net income dropped...

: Markets this week.
May 30, 2009... from BUSINESS LINE, May 30, 2009 A large number of scrips listed under the B, S and T categories hit the upper circuit on Monday. Irrational exuberance among not so well informed investors is driving many of these scrips beyond their fundamental...

CORPORATE: Gokaldas Exports Q4 net falls 45% on forex loss.
May 30, 2009... from BUSINESS LINE, May 30, 2009 Bangalore, May 29 - Crippled by a forex loss of Rs 71 crore, garment exporter Gokaldas Exports has posted a 45 per cent dip in the fourth-quarter net profit at Rs 4.71 crore. Net sales for the period dropped 2.6...

CORPORATE: IOC cushioned by Govt bonds, lower fuel sale loss.
May 30, 2009... from BUSINESS LINE, May 30, 2009 New Delhi, May 29 - Indian Oil Corporation has posted a profit during the fourth quarter of the fiscal ended March 31, 2009 as losses for selling fuel below the cost were lower compared to the same quarter a year...

CORPORATE: Oil refiners upbeat on free fuel pricing.
May 30, 2009... from BUSINESS LINE, May 30, 2009 Mumbai, May 29 - Public sector oil refiners have welcome the prospects of free pricing for petrol and diesel going by what Petroleum Minister, Mr Murli Deora, said in New Delhi on Friday. "This is the best...

CORPORATE: Oil bonds help BPCL post Rs 3,628-cr net.
May 30, 2009... from BUSINESS LINE, May 30, 2009 Mumbai, May 29 - Bharat Petroleum Corporation has reported a net profit of Rs 3,628.02 crore for the quarter ended March 31, 2009, compared with Rs 58.39 crore in the corresponding period last year. The jump...

CORPORATE: Simbhaoli buys back $25-m FCCBs.
May 30, 2009... from BUSINESS LINE, May 30, 2009 New Delhi, May 29 - Simbhaoli Sugars Ltd (SSL) has announced that it has bought back foreign currency convertible bonds (FCCB) of $25.11 million face value at an average discount of 60.3 per cent. The move, the...

CORPORATE: To drive through rough terrain.
May 30, 2009... from BUSINESS LINE, May 30, 2009 Chennai, May 29 - Mr Prakash M. Telang, 61, who will take over as Tata Motors' Managing Director - India operations, is a hands-on professional, and is considered by those who have worked with him as one who is...

CORPORATE: CPCL posts Rs 397-cr loss.
May 30, 2009... from BUSINESS LINE, May 30, 2009 Chennai, May 29 - Thanks to a Rs 272-crore net profit for the fourth quarter of 2008-09, Chennai Petroleum Corporation managed to limit the net loss for the full year to Rs 397 crore, against a net profit of Rs...

CORPORATE: Krebs Bio Q4 loss at Rs 14 cr.
May 30, 2009... from BUSINESS LINE, May 30, 2009 Hyderabad, May 29 - Krebs Biochemicals and Industries Ltd has posted a Rs 14-crore loss in the fourth quarter ended March 31, 2009. The revenue increased to Rs 13.65 crore (Rs 12.87 crore). For the full year, the...

CORPORATE: Suzlon's Martifer payment.
May 30, 2009... from BUSINESS LINE, May 30, 2009 Mumbai, May 29 - Wind energy major Suzlon Energy Ltd has revised its payment schedule to Martifer Group of Portugal for completing the acquisition of a stake in REpower of Germany. According to the revised...

CORPORATE: Madras Cements net down 11%.
May 30, 2009... from BUSINESS LINE, May 30, 2009 Chennai, May 29 - Madras Cements has reported a 11 per cent drop in net profit for the year ended March 31, 2009, as compared with the previous year due to "the steep increase in the price of coal." The power...

CORPORATE: Wockhardt changes auditor.
May 30, 2009... from BUSINESS LINE, May 30, 2009 Mumbai, May 29 - Drug-maker Wockhardt Ltd has appointed BDO Haribhakti as its auditors for the financial year starting January 1, 2009. The firm is to be retained for five years, a Wockhardt note said. "This new...

CORPORATE: GMR Group signs deal to buy Island Power.
May 30, 2009... from BUSINESS LINE, May 30, 2009 Bangalore, May 29 - The GMR Group has signed an agreement to buy 100 per cent stake in Singapore-based private electric utility Island Power, which is developing an 800-MW power plant in Jurong Island. GMR...

CORPORATE: Water biz pumps up IVRCL's turnover; 35% growth expected in 2009-10.
May 30, 2009... from BUSINESS LINE, May 30, 2009 Hyderabad, May 29 - IVRCL Infrastructures & Projects Ltd has recorded a turnover of Rs 4,983 crore on a stand-alone basis for 2008-09, up 35 per cent, as against a turnover of Rs 3,699 crore for the previous...

CORPORATE: NMDC net sales up at Rs 1,936 cr in Q4.
May 30, 2009... from BUSINESS LINE, May 30, 2009 Hyderabad, May 29 - NMDC Ltd recorded net sales of Rs 1,936 crore for the fourth quarter ended March 31, 2009, an increase of 2 per cent over Rs 1,894 crore recorded in the same period last fiscal. According...

CORPORATE: Biocon unveils long play insulin Basalog.
May 30, 2009... from BUSINESS LINE, May 30, 2009 Bangalore, May 29 - Biocon Ltd on Friday launched its biosimilar version of human insulin analog glargine, brand named Basalog. The basal insulin is meant for type-1 and type-2 (non-insulin dependent) diabetics....

CORPORATE: Harrisons Malayalam posts flat net; to pay 15%.
May 30, 2009... from BUSINESS LINE, May 30, 2009 Kochi, May 29 - Despite the marked fluctuations in the global commodity markets, the net profit of Harrisons Malayalam remained almost stagnant at Rs 6.04 crore (Rs 6.18 crore) for 2008-09. The board of the...

CORPORATE: NTPC, CIL plan venture for mining, power plant.
May 30, 2009... from BUSINESS LINE, May 30, 2009 Kolkata, May 29 - NTPC Ltd and Coal India Ltd (CIL) will shortly enter into an agreement for launching a 50:50 joint venture for mining coal as well as setting up a 4,000 MW pit head power plant at Brahmani coal...

CORPORATE: MRF unit to reach full capacity soon.
May 30, 2009... from BUSINESS LINE, May 30, 2009 Chennai, May 29 - MRF's Arakonam unit, which was under lock-out between May 17 and 27, expects to reach full capacity of production "within a couple of days," according to a press release from the company. ...

CORPORATE: Nagarjuna Const Q4 net, turnover slip.
May 30, 2009... from BUSINESS LINE, May 30, 2009 Hyderabad, May 29 - Nagarjuna Construction Co Ltd (NCCL) has seen a significant fall in both net profit and turnover for the fourth quarter ended March 31, 2009. While the net profit fell by 39 per cent at Rs...

INFO-TECH: Dell bullish on India.
May 30, 2009... from BUSINESS LINE, May 30, 2009 Bangalore, May 29 - Computer maker Dell Inc has been able to improve its share in the Indian market though growth was down. "The industry did contract quite a bit in India, so economically things are not great...

INFO-TECH: Gartner sees 20% decline in global semiconductor revenues.
May 30, 2009... from BUSINESS LINE, May 30, 2009 Bangalore, May 29 - Technology research firm Gartner Inc has forecast an over 20 per cent decline in global semiconductor revenues for 2009 over the previous year, due to a slump in consumer demand. In its...

INFO-TECH: NIIT to offer course in IT infrastructure management services.
May 30, 2009... from BUSINESS LINE, May 30, 2009 New Delhi, May 29 - NIIT Ltd on Friday announced a programme for training in IT infrastructure management services. The company has joined hands with global technology giants Cisco, CompTIA, EMC, Microsoft,...

INFO-TECH: Fee on operators for disputed amounts mooted.
May 30, 2009... from BUSINESS LINE, May 30, 2009 New Delhi, May 29 - Challenging the Department of Telecom's decision on levying penalties and charges at the telecom tribunal could be expensive for the operators. The Telecom Commission, the highest...

INFO-TECH: Polaris to take acquisitions route to new places, clients.
May 30, 2009... from BUSINESS LINE, May 30, 2009 Chennai, May 29 - Polaris Software Lab will look for acquisitions to help it expand into new geographies and acquire new customers. It has cash and cash equivalent of Rs 340 crore for the year ended March 31. ...

MARKETING: Royal Mirage range of perfumes, deos launched.
May 30, 2009... from BUSINESS LINE, May 30, 2009 Chennai, May 29 - GR Fragrances India Pvt Ltd has introduced an international perfume and deodorant brand, 'Royal Mirage'. Launching a range of Royal Mirage perfumes, deos, soaps, talcum powder, aftershave and...

MARKETING: Multiplex owners, producers standoff may be resolved.
May 30, 2009... from BUSINESS LINE, May 30, 2009 Mumbai, May 29 - The deadlock between multiplex owners and producers on revenue sharing seems to have been amicably sorted out, with an official announcement expected on Saturday. "There has been some kind of...

BANKING/FINANCE: LVB net rises to Rs 19.9 cr in Q4.
May 30, 2009... from BUSINESS LINE, May 30, 2009 Coimbatore, May 29 - Despite odds, Lakshmi Vilas Bank has managed an appreciable growth on all fronts. The biggest challenge for the bank at this juncture, according to its Managing Director and CEO, Mr V.S....

BANKING/FINANCE: Moody's puts 13 Indian banks on rating watch.
May 30, 2009... from BUSINESS LINE, May 30, 2009 Mumbai, May 29 - Moody's Investors Service on Friday placed the ratings of 13 Indian commercial banks, including State Bank of India and ICICI Bank, on review for possible downgrade in the light of its global...