Business Line articles from November 2008

Business Line archives from November 2008

INVESTMENT WORLD: Lull in home loan refinancing.
November 30, 2008... from BUSINESS LINE, November 30, 2008 Banks taking over home-loans from housing finance companies, or vice versa, are not uncommon. But a lull appears to have set in with borrowers thinking twice about incurring foreclosure charges and...

INVESTMENT WORLD: NRI money props up Kochi realty.
November 30, 2008... from BUSINESS LINE, November 30, 2008 While the global economic slowdown gripping most parts of the developed world has had a cascading impact on the economy and real- estate prices across major Indian cities, reports suggest that the...

INVESTMENT WORLD: Buyers hesitant to take the plunge.
November 30, 2008... from BUSINESS LINE, November 30, 2008 A weak sentiment and constant negative commentary have aggravated the problems of affordability and high mortgage rates in real estate, according to Motilal Oswal Financial Services Ltd. A report by the...

INVESTMENT WORLD: Cheap finance: Key to housing.
November 30, 2008... from BUSINESS LINE, November 30, 2008 Remember the advertisement featuring an affluent young IT professional in a first job chipping in money to help out the father on the verge of retirement. Such a situation was apt till recently, not...

OPINION: Funding crisis in infrastructure.
November 30, 2008... from BUSINESS LINE, November 30, 2008 The last few months have seen renewed request for creating diverse avenues to fund the infrastructure sector in the country. Recent reports have it that the Government is looking at a Rs 50,000 crore-...

OPINION: Challenging times for MFs.
November 30, 2008... from BUSINESS LINE, November 30, 2008 Mutual funds have been facing challenging times lately. A declining equity market has shrunk the asset base of most equity funds, the liquidity crunch has had corporates and institutional investors lining...

INVESTMENT WORLD: Tighten your purse strings.
November 30, 2008... from BUSINESS LINE, November 30, 2008 If anything, the financial whirlwind that has taken most global economies and markets by surprise has taught us all that making money is no easy game. But what would be more challenging from now would be...

INVESTMENT WORLD: Of greed, ignorance and derivatives.
November 30, 2008... from BUSINESS LINE, November 30, 2008 Derivatives have been the villain in the Great Global Meltdown of 2008. Everyone is all praise for Warren Buffet's ominous statement that "Derivatives are financial weapons of mass destruction." Whether...

INVESTMENT WORLD: I am ok, he isn't ok!
November 30, 2008... from BUSINESS LINE, November 30, 2008 I was fuming when it happened. The driver in front of me suddenly cut speed and attended to his mobile. When we both pulled up at the traffic signal, I let him know that it was wrong to talk on the phone...

INVESTMENT WORLD: Citi rescue package terms 'lenient'.
November 30, 2008... from BUSINESS LINE, November 30, 2008 Global banking giant Citigroup, with roots dating back to 1812, was rescued by the US Government last week with a billion-dollar package. The action aimed to strengthen its capital base and increase...

PERSONAL FINANCE: Taxability on sale of assets.
November 30, 2008... from BUSINESS LINE, November 30, 2008 I had purchased a property in Pune. I have claimed the stamp duty, registration charges and the principal amount of housing loan as a deduction u/s 80C during assessment year 2008-09. For the same year I...

PERSONAL FINANCE: Painless spending cuts.
November 30, 2008... from BUSINESS LINE, November 30, 2008 The mantra for trimming your costs is FIT, says Gregory Karp in Living Rich by Spending Smart: How to Get More of What you Really Want (www.landmarkonthenet.com ). The acronym stands for food,...

PERSONAL FINANCE: Treatment of claims for bad debts.
November 30, 2008... from BUSINESS LINE, November 30, 2008 Volatile movement of the stock market this year has left many investors high and dry due to huge capital losses. The share broking community, too, is faced with twin dilemmas. One, a shrinkage in daily...

SCRIP SCAN: Bajaj Auto: Hold.
November 30, 2008... from BUSINESS LINE, November 30, 2008 The Bajaj Auto stock has fallen by about 40 per cent since the beginning of this month . Better financial performance by its peer Hero Honda, a huge 50 per cent year-on-year drop in domestic...

SCRIP SCAN: SBI: Buy.
November 30, 2008... from BUSINESS LINE, November 30, 2008 Investors looking for a large-cap stock which will add value to their portfolio can consider accumulating the State Bank of India stock in declines. Beaten down valuations, strong financials in an...

SCRIP SCAN: ABB: Sell.
November 30, 2008... from BUSINESS LINE, November 30, 2008 Investors can consider reducing exposure to the stock of ABB on rallies linked to the broad markets. Disappointing revenue growth for three consecutive quarters, pressure on profit margins, decline in...

MUTUAL FUNDS: ICICI Prudential Dynamic Plan: Hold.
November 30, 2008... from BUSINESS LINE, November 30, 2008 Investors can hold the units of ICICI Pru Dynamic Plan (ICICI Dynamic) given the fund's ability to contain downsides and provide steady returns during market rallies. The fund has over one-, three- and...

MUTUAL FUNDS: Update.
November 30, 2008... from BUSINESS LINE, November 30, 2008 Morgan Stanley Mutual Fund has announced that Morgan Stanley Growth Fund (MSGF), which was initially close-ended, would become an open- ended fund from January 2009. As per the regulatory guidelines, the...

MUTUAL FUNDS: Home country bias.
November 30, 2008... from BUSINESS LINE, November 30, 2008 It should be noted that in times of uncertainty investors seek the familiar and tend to divest from markets that seem unfamiliar or uncertain, irrespective of the investment merit, which partly explains...

MUTUAL FUNDS: Income funds: Turn for the better.
November 30, 2008... from BUSINESS LINE, November 30, 2008 Higher yield on equity over the past few years persuaded investors to direct a bulk of their investment towards this asset class. The investment terrain for equity is not going to be as smooth as it was...

MUTUAL FUNDS: Franklin India Opportunities: Hold.
November 30, 2008... from BUSINESS LINE, November 30, 2008 Investors can retain their units of Franklin India Opportunities Fund based on the fund's performance over a three-year period. The fund was launched in 2000 as a thematic fund (Franklin Internet...

MARKET WATCH: Cues trigger upmove.
November 30, 2008... from BUSINESS LINE, November 30, 2008 Following two consecutive weeks of negative closing, the BSE Sensex managed to end in the green at 9092 by gaining 177 points over the previous week amid unprecedented terrorist attacks at the financial...

MARKET WATCH: ONGC.
November 30, 2008... from BUSINESS LINE, November 30, 2008 Oil and Natural Gas Corporation Limited too meandered sideways retaining the positive short term outlook. A short-term trough appears to have been formed at Rs 615 and this move can extend to Rs 740...

MARKET WATCH: Maruti Suzuki.
November 30, 2008... from BUSINESS LINE, November 30, 2008 Maruti Udyog Limited closed the week on a flat note after fluctuating between Rs 490 and Rs 550 over the week. A short-term trough appears to have been formed at Rs 468 and this up-trend can continue...

MARKET WATCH: Infosys.
November 30, 2008... from BUSINESS LINE, November 30, 2008 Infosys closed the week with a mild 4 per cent gain. A morning star candlestick pattern is being formed in the weekly chart that signals a short term reversal. The third part of the correction from...

MARKET WATCH: Tata Steel.
November 30, 2008... from BUSINESS LINE, November 30, 2008 Tata Steel stock moved in an extremely narrow band between Rs 145 and Rs 165 in the four trading sessions last week. Short-term view on this stock remains negative. A decline to Rs 136 or Rs 100 is...

MARKET WATCH: SBI.
November 30, 2008... from BUSINESS LINE, November 30, 2008 State Bank of India was unable to gather the momentum to move past Rs 1,245 and slid lower towards Rs 1,000 instead. The stock can slide once more to Rs 990. But short term traders should watch...

MARKET WATCH: Reliance Industries.
November 30, 2008... from BUSINESS LINE, November 30, 2008 Reliance Industries Limited reversed below the resistance at Rs 1,200 and moved sideways between Rs 1,050 and Rs 1,200 thereafter. The short-term trend in the stock continues to be down. But it can...

MARKET WATCH: Index Outlook.
November 30, 2008... from BUSINESS LINE, November 30, 2008 Sensex (9092.7) Even as the battle raged on to free hostages from multiple locations in Mumbai, Indian stock markets functioned with remarkable calm, sending the message that such inhuman acts cannot...

MARKET WATCH: Query Corner: What the charts say.
November 30, 2008... from BUSINESS LINE, November 30, 2008 Please let me know your comments on Swaraj Engines bought at Rs 240. Ramesh N. Swaraj Engines (Rs 106.1): The broad-based sell-off in October dragged Swaraj Engines below its key support-level at Rs...

MARKET WATCH: Andrew's pitchfork.
November 30, 2008... from BUSINESS LINE, November 30, 2008 Some tools in technical analysis appear so simple that they are dismissed by most after a cursory glance. 'Andrew's pitchfork' is one such tool that does not receive the attention that it deserves. This...

INVESTMENT WORLD: Asset allocation: Valuable despite correlation breakdowns.
November 30, 2008... from BUSINESS LINE, November 30, 2008 A reader of this column posed this question: Why engage in asset allocation and portfolio diversification when the current market has shown us that all asset classes tend to decline at the same time? The...

INVESTMENT WORLD: With stocks, a five-year wait may not always pay.
November 30, 2008... from BUSINESS LINE, November 30, 2008 Not much can go wrong with your stock market investments if you are a 'long-term' investor, willing to stay put for five years. That is the investment wisdom often used to hard-sell stocks, equity funds...

FRONT PAGE: Axis Bank: Buy.
November 30, 2008... from BUSINESS LINE, November 30, 2008 Investors with a more than a one-year horizon can consider adding the Axis Bank stock to their portfolio. The bank's stock has been beaten down amidst concerns about asset quality and a slowdown in...

FRONT PAGE: Weekly News Round-up.
November 30, 2008... from BUSINESS LINE, November 30, 2008 Full 60 hours after the first shots were fired in Wednesday's terror attacks in Mumbai, the battle between security forces and the terrorists which continued to rage till late Friday at the three...

COMMODITIES: Spot rubber rules flat.
November 30, 2008... from BUSINESS LINE, November 30, 2008 Kottayam, Nov. 29 - Rubber prices ended almost steady on Saturday. The market activities were dull as there were no quantity buyers or sellers in the main centres, possibly since the trend setting...

COMMODITIES: Palm oil may consolidate, rise.
November 30, 2008... from BUSINESS LINE, November 30, 2008 Malaysian palm oil futures ended lower on Friday on profit-taking as the volatile energy complex weighed on edible oil complex. CPO futures turned higher in line with our expectations. Important...

NEWS: European lingerie wear Change to enter India.
November 30, 2008... from BUSINESS LINE, November 30, 2008 New Delhi, Nov. 29 - European premium lingerie brand Change is looking to make an India foray. The company has joined hands with integrated franchise and retail solution Franchise India Holdings to open...

NEWS: Honchos urge HR to find new paradigms.
November 30, 2008... from BUSINESS LINE, November 30, 2008 Chennai, Nov. 29 - Business leaders including, Mr S. Ramadorai of TCS, Mr A. Vellayan of Murugappa Group, and Mr Babu Lakshman of Rane Group commended the critical role played by Human Resources (HR) in...

NEWS: RBI steps in to improve credit flow to exporters.
November 30, 2008... from BUSINESS LINE, November 30, 2008 Mumbai, Nov. 29 - The Reserve Bank of India (RBI) has announced further measures for liquidity management and improving credit flow by doubling the period of entitlement of the first slab of post-...

NEWS: Agri Gold enters chemical fertiliser biz.
November 30, 2008... from BUSINESS LINE, November 30, 2008 Hyderabad, Nov. 29 - Agri Gold group, the Vijayawada-based company with a turnover of Rs 1,000 crore, has entered into chemical fertilisers business by launching Mahanutrin product in the Southern...

NEWS: Petroleum products dealerships.
November 30, 2008... from BUSINESS LINE, November 30, 2008 New Delhi, Nov. 29 - The Minister of Petroleum and Natural Gas, Mr Murli Deora, has announced that for the officers of security forces who have laid down their lives while fighting terrorists in Mumbai, a...

NEWS: Governments guarantee a must for capital flows: Doha Bank chief.
November 30, 2008... from BUSINESS LINE, November 30, 2008 Chennai, Nov. 29 - The only solution to the current global financial meltdown and the consequent global economic growth is political consensus on economic reform, says Mr Raghavan Seetharaman, Chief...

INFO-TECH: Telecom services revenue to touch $54 b by 2012: E&Y report.
November 30, 2008... from BUSINESS LINE, November 30, 2008 New Delhi, Nov. 29 - India's telecom services industry revenues is projected to reach $54 billion in 2012, as compared with $31 billion in 2008 according to the CII Ernst & Young report titled 'India...

NEWS: ATF prices to drop; no word on cheaper fares.
November 30, 2008... from BUSINESS LINE, November 30, 2008 New Delhi, Nov. 29 - Despite oil companies again announcing a reduction the sale price of aviation turbine fuel (ATF) from December 1 this year, domestic aviation companies are not commenting on whether...

INFO-TECH: e-WAR: Canadian tech option to fight terror.
November 30, 2008... from BUSINESS LINE, November 30, 2008 Mumbai, Nov. 29 - A major technology-backed breakthrough may be in the offing to fight the scourge of terrorism that is assuming monstrous proportions on a global scale, especially in our country. It is...

NEWS: Mumbai terror strikes take a toll on Goa tourism sector.
November 30, 2008... from BUSINESS LINE, November 30, 2008 Panaji, Nov. 29 - Already facing the rigours of economic meltdown worldwide, Goan hospitality and travel-tour operators have hit the panic button with cancellations from foreign tourists already trickling...

NEWS: Centre moots training State police units on NSG pattern.
November 30, 2008... from BUSINESS LINE, November 30, 2008 New Delhi, Nov. 28 - In an effort to train States to more effectively tackle urban terrorist attacks, the Centre is considering a move to train State police units on the pattern of the specialised...

CORPORATE: Terror attacks: Corporate houses to rethink on security.
November 30, 2008... from BUSINESS LINE, November 30, 2008 Mumbai, Nov 29 - The terror attacks in Mumbai have not only left companies shell-shocked but also with an increasing sense of vulnerability. This has also at a time when most of them, especially in the...

NEWS: Delhi's dilemma as ISI chief refuses visit.
November 30, 2008... from BUSINESS LINE, November 30, 2008 New Delhi, Nov 29 - Following the refusal of the ISI chief to come to India, the Union Government is faced with a difficult choice. If it agrees to a lower level officer coming in his place, it will be...

CORPORATE: Corporates may tighten norms to screen employees.
November 30, 2008... from BUSINESS LINE, November 30, 2008 Mumbai, Nov. 29 - Corporates would have to make their 'know-your employee' (KYE) norms more stringent following the Mumbai terrorist attack. Though major IT and financial service firms do a through...

NEWS: Maharashtra to raise elite security unit.
November 30, 2008... from BUSINESS LINE, November 30, 2008 Mumbai, Nov. 29 - The Maharashtra Government along with the Union Government has decided to raise one battalion of commandos similar to the elite National Security Guards for combating terrorism. The new...

NEWS: Banks' support to kin of victims.
November 30, 2008... from BUSINESS LINE, November 30, 2008 Mumbai, Nov 29 - As a mark of respect to police, army and bank personnel killed in the terrorist attacks, some banks have said they will offer token cash and jobs to their families. Saraswat Co- operative...

NEWS: Fishing boats may have to register with police.
November 30, 2008... from BUSINESS LINE, November 30, 2008 New Delhi, Nov 29 - The Union Government is looking at registering fishing boats with the police rather than the current practice of such boats being registered with the ports or habours, the Special...

NEWS: 'Concept of hospitality will change'.
November 30, 2008... from BUSINESS LINE, November 30, 2008 Mumbai, Nov 29 - Hospitality will have to be defined differently in India, if the Government is not proactive regarding security, say the top management of the Oberoi Group of hotels. The group's Trident...

CORPORATE: CUMI to set up fusion plant in Russia.
November 30, 2008... from BUSINESS LINE, November 30, 2008 Chennai, Nov. 29 - Carborandum Universal Ltd (CUMI), part of Rs 9,582-crore Murugappa Group, entered in to an agreement with Volgograd region administration in Russia to set up 100,000-tonne silicon...

CORPORATE: 'Each metro must have its own NSG commando'.
November 30, 2008... from BUSINESS LINE, November 30, 2008 Mumbai, Nov. 29 - Mr Deepak Parekh, Chairman of Housing Development Finance Corporation, on the terror attacks in Mumbai and the need for increased investment in security by both government and industry:...

NEWS: Meetings rescheduled, travel plans cancelled.
November 30, 2008... from BUSINESS LINE, November 30, 2008 Chennai, Nov. 29 - As Mumbai came under terrorist fire, to someone in southern India, the far reaching impact an event in the country's financial capital has on people and businesses was driven home. ...

CORPORATE: BHEL to expand Haridwar plant by 2011 in phases.
November 30, 2008... from BUSINESS LINE, November 30, 2008 Mumbai, Nov. 29 - Bharat Heavy Electricals Ltd, leading power equipment manufacturer, plans to expand its Haridwar plant capacity to 13,020 MW by 2011. The capital expenditure would be Rs 1,500 crore,...

CORPORATE: Leyland re-brands design, engineering services unit.
November 30, 2008... from BUSINESS LINE, November 30, 2008 Chennai, Nov. 29 - Ashley Design and Engineering Services (ADES), part of the Hinduja Group's flagship company Ashok Leyland, has been renamed as Defiance Technologies. This "re-branding", Ashok...

CORPORATE: Volvo-Eicher plans mining application products.
November 30, 2008... from BUSINESS LINE, November 30, 2008 New Delhi, Nov. 29 - VE Commercial Vehicles, the joint venture between Eicher Motors and Swedish group AB Volvo, is planning to cater to a complete range of mining application products. Currently Volvo is...

NEWS: Terror attacks to dent sales, say car makers.
November 30, 2008... from BUSINESS LINE, November 30, 2008 Bangalore, Nov. 29 - A sharper fall of sales because of the terrorist attack in the second biggest market for passenger cars in India is expected to further pull down the auto industry's growth this...

CORPORATE: Cairn to start seismic work in Ravva fields.
November 30, 2008... from BUSINESS LINE, November 30, 2008 Hyderabad, Nov. 29 - Cairn India is in the process of finalising plans to take up time lapse 4D seismic studies in the deeper sands of the Ravva Oil fields in the Krishna Godavari basin region. This...

FRONT PAGE: Banks to deploy gunmen, go for hi-tech gadgets.
November 30, 2008... from BUSINESS LINE, November 30, 2008 Mumbai, Nov. 29 - Gaining entry into the corporate headquarters of banks in Mumbai could prove to be a bit of a hassle soon. Following the terrorist assault on five-star hotels, major banks in the city...

FRONT PAGE: Allow us to be better equipped: Private agencies.
November 30, 2008... from BUSINESS LINE, November 30, 2008 New Delhi, Nov. 29 - The private security industry has called for amendments to the Private Security Act 2005 to add teeth to its operations, in the face of Mumbai's terror attacks. It also recommends...

FRONT PAGE: CISF to recruit 40,000; raises security bar.
November 30, 2008... from BUSINESS LINE, November 30, 2008 New Delhi, Nov. 29 - The Central Industrial Security Force (CISF) is planning to recruit around 40,000 personnel during the next one to two years. Though the proposal had received Cabinet approval a...

FRONT PAGE: Mumbai freed.
November 30, 2008... from BUSINESS LINE, November 30, 2008 Mumbai, Nov. 29 - The last of the terrorists at the smouldering Taj hotel fell to the bullets of the elite National Security Guards, who gave the thumbs-up to the watching world in the early hours of...

STATES: Coimbatore industry bodies ask Centre to deal firmly with terror.
November 29, 2008... from BUSINESS LINE, November 29, 2008 Coimbatore, Nov. 28 - The industry associations in Coimbatore have asked the Centre to adopt a tough stand in dealing with acts of terrorism. They have also asserted that terrorist attacks would only make...

STATES: Sikkim traders export goods worth Rs 95 lakh thru Nathu La.
November 29, 2008... from BUSINESS LINE, November 29, 2008 Gangtok, Nov 28 - The third season of the Nathu La border trade between Sikkim and Tibet Autonomous Region (TAR) concluded yesterday on an optimistic note with traders from both sides expecting a more...

STATES: KVB service for college fee payment.
November 29, 2008... from BUSINESS LINE, November 29, 2008 Coimbatore, Nov. 28 - Karur Vysya Bank has launched a technology aided service - payment of institutional fees through ATMs. The facility was introduced at the Chettinad College of Engineering and...

STATES: TNEB plan to levy penalty for excess use cleared with riders.
November 29, 2008... from BUSINESS LINE, November 29, 2008 Chennai, Nov. 28 - The Tamil Nadu Electricity Regulatory Commission (TNERC) has approved, with changes, the Tamil Nadu Electricity Board's petition to levy penalty on industrial and commercial consumers...

STATES: Madurai to play host to SPEED Conference in December.
November 29, 2008... from BUSINESS LINE, November 29, 2008 Madurai, Nov. 28 - The Confederation of Indian Industry is organising the second edition of SPEED (Southern Prosperity through Enhanced Economic Development) Conference here on December 5 and 6. The...

STATES: Honda outlet opened at Madurai.
November 29, 2008... from BUSINESS LINE, November 29, 2008 Madurai, Nov. 28 - A new Honda 3-Facility (for sales, services and spares) was inaugurated by Mr Masahiro Takadegawa, President and CEO, Honda Siel Cars India Ltd, at Sundaram Honda here . Speaking on the...

STATES: Rs 22.8 cr earmarked for IT park works.
November 29, 2008... from BUSINESS LINE, November 29, 2008 Madurai, Nov. 28 - A sum of Rs 22.80 crore has been earmarked to begin infrastructure works at the proposed information technology parks at Illanthaikulam and Vadapalanji. The decision was taken at a...

STATES: Mr. G.V.L. Satya Kumar, Senior Divisional Commercial Manager, Waltair Rail Division; Dr L. Bullayya College, Visakhapatnam.
November 29, 2008... from BUSINESS LINE, November 29, 2008 Visakhapatnam, Nov. 28 - Does India need high-speed trains with speeds above 350 kmph and can the country afford them? This was the question posed to management students of Dr L. Bullayya College here on...

STATES: Sikkim looks to regulate tourism sector.
November 29, 2008... from BUSINESS LINE, November 29, 2008 Gangtok, Nov. 28 - In a bid to streamline the disorganised tourism sector, the State has set in motion a series of checks and balances under the Sikkim Registration of Tourist Trade Rules (2008) for...

STATES: Meet on storage technologies.
November 29, 2008... from BUSINESS LINE, November 29, 2008 Mangalore, Nov. 28 - E MC - the developer and provider of information infrastructure technology and solutions - in association with NMAM Institute of Technology at Nitte in Udupi district, will organise...

STATES: CII-XLRI initiative to assess, develop HR competencies.
November 29, 2008... from BUSINESS LINE, November 29, 2008 Chennai, Nov. 28 - The Confederation of Indian Industry along with National HRD Network and XLRI Jamshedpur launched HRCompass, an initiative to assess and develop Human Resource (HR) competencies of HR...

STATES: Renewable energy sector seeks Govt support.
November 29, 2008... from BUSINESS LINE, November 29, 2008 Hyderabad, Nov. 28 - Industry representatives from the renewable energy sector have expressed the need for Government support on the incentives such as buyback tariff rates to be offered both at the...

STATES: MSMEs seek reprieve on repayment of bank loans.
November 29, 2008... from BUSINESS LINE, November 29, 2008 Hyderabad, Nov. 28 - The Federation of Andhra Pradesh Industries (FAPI) has urged Prime Minister to direct the Reserve Bank of India to issue orders to banks to give one-year moratorium to the micro,...

NEWS: 'Kolkata airport can be maintenance hub for over-flying aircraft'.
November 29, 2008... from BUSINESS LINE, November 29, 2008 Kolkata, Nov. 28 - The Kolkata airport can be developed into a maintenance hub for over-flying aircraft destined for European and South Asian countries once the modernisation of the airport takes shape,...

LOGISTICS: Rlys to pay dividend at 7% in 2008-09.
November 29, 2008... from BUSINESS LINE, November 29, 2008 New Delhi, Nov. 28 - The Indian Railways will have to pay dividend at a higher rate of 7 per cent to the Government for 2008-09. For the past few years, the Railways paid a divided of 6.5 per cent to the...

AGRI-BUSINESS: Kochi tea prices dip on higher arrivals.
November 29, 2008... from BUSINESS LINE, November 29, 2008 Kochi Nov 28 - There was a surge in arrivals at the Kochi tea auction where prices continued to reign low. At the leaf auction, exporters were active in both the orthodox and CTC grades. Interstate buyers...

AGRI-BUSINESS: Cyclone Nisha's remnant proves a soaker.
November 29, 2008... from BUSINESS LINE, November 29, 2008 Thiruvananthapuram, Nov. 28 - A remnant of Tropical Cyclone Nisha spun across the peninsula overnight and glided into the southeast Arabian Sea where it was traced as a feeble low-pressure area off the...