Business Line articles from October 2008, page 9

Business Line archives from October 2008

CORPORATE: Kanoria Chem PAT dips to Rs 5.74 cr.
October 23, 2008... from BUSINESS LINE, October 23, 2008 New Delhi, Oct. 22 - Kanoria Chemicals & Industries Limited on Wednesday reported 29.6 per cent increase in net sales for the second quarter of the current fiscal to Rs 134.2 crore. The company's profit...

NEWS: DLF emerges sole bidder for developing Mumbai rail land.
October 23, 2008... from BUSINESS LINE, October 23, 2008 New Delhi, Oct 22 - Real estate major DLF has emerged as the sole bidder for the commercial development on 45,371 sq. metres of railway land in Mumbai's Western Express highway at Bandra-east. Rail...

NEWS: Airlines cut flights even as Govt offers package.
October 23, 2008... from BUSINESS LINE, October 23, 2008 New Delhi, Oct 22 - The package announced by the Government on Wednesday after a meeting jointly hosted by the Ministries of Civil Aviation and Petroleum to ease the liquidity problems faced by the...

NEWS: Reliance Power nets Rs 47 cr.
October 23, 2008... from BUSINESS LINE, October 23, 2008 Mumbai, Oct 22 - Reliance Power Ltd, the power generating arm of the Anil Ambani group, has reported a net profit of Rs 47 crore for the quarter ending September 30. The net sales are nil as the company is...

NEWS: Tyre cos may not revise retail market prices.
October 23, 2008... from BUSINESS LINE, October 23, 2008 Kolkata, Oct. 22 - The meltdown in prices of natural rubber and crude oil-based synthetic inputs notwithstanding, India's tyre companies are not considering any revision in retail market prices. Tyre grade...

NEWS: Foreign borrowing norms for cos eased.
October 23, 2008... from BUSINESS LINE, October 23, 2008 Mumbai, Oct. 22 - In yet another move to improve availability of funds, the Reserve Bank of India on Wednesday relaxed the external commercial borrowing norms with immediate effect. Indian...

NEWS: Jindal Saw net at Rs 100 cr.
October 23, 2008... from BUSINESS LINE, October 23, 2008 New Delhi, Oct 22 - Jindal Saw Ltd on Wednesday reported a net profit of Rs 100 crore for the quarter ended September 2008 as against Rs 90 crore in the same quarter last year. The company's net sales...

NEWS: 'Centre may overshoot fiscal deficit target'.
October 23, 2008... from BUSINESS LINE, October 23, 2008 New Delhi, Oct. 22 - For the first time, the Finance Minister, Mr P. Chidambaram, has conceded that the Government may overshoot the fiscal deficit target for the current fiscal, thereby, implying that...

NEWS: Sona Koyo posts loss of Rs 7.3 cr.
October 23, 2008... from BUSINESS LINE, October 23, 2008 New Delhi, Oct. 22 - High commodity prices and a delay in compensation from its customers resulted inSona Koyo Steering Systems Ltd on Wednesday reporting a loss of Rs 7.3 crore for the second quarter...

BANKING/FINANCE: OBC net rises 36% on all-round growth.
October 23, 2008... from BUSINESS LINE, October 23, 2008 New Delhi, Oct. 22 - Aided by buoyant growth in core operations, surge in treasury incomes and a write-back of income-tax provision of Rs 147 crore, Oriental Bank of Commerce (OBC) on Wednesday reported a...

BANKING/FINANCE: Karur Vysya, ICRA sign pact.
October 23, 2008... from BUSINESS LINE, October 23, 2008 Coimbatore, Oct. 22 - Karur Vysya Bank has inked an agreement with the rating agency ICRA. As per the agreement, ICRA will assign ratings to the bank's loans and other exposures as per the Reserve Bank of...

BANKING/FINANCE: Higher interest buoys YES Bank net by 41%.
October 23, 2008... from BUSINESS LINE, October 23, 2008 Copyright 2008 Business Line

BANKING/FINANCE: Rupee hits new low of 49.30.
October 23, 2008... from BUSINESS LINE, October 23, 2008 Mumbai, Oct. 22 - The rupee continued its depreciating trend against the dollar on Wednesday, to close at a record low of 49.30. The currency fell by 30 paise against the greenback after intervention by...

BANKING/FINANCE: Call rate ends higher.
October 23, 2008... from BUSINESS LINE, October 23, 2008 Mumbai, Oct. 22 - Call rates ended higher at 6-6.10 per cent, against the previous close of 5.50-5.75 per cent. In the one-day repo auction under the first liquidity adjustment facility, there were no...

BANKING/FINANCE: Banks unlikely to extend credit support to airlines.
October 23, 2008... from BUSINESS LINE, October 23, 2008 Bangalore, Oct. 22 - Public sector banks have ruled out any credit support to domestic aviation companies fearing delinquencies. The bankers said that since most of the private sector aviation...

BANKING/FINANCE: Borrowing cost to come down: BoI.
October 23, 2008... from BUSINESS LINE, October 23, 2008 Mumbai, Oct. 22 - Mr T.S. Narayanasami, Chairman and Managing Director, Bank of India, said the bank's borrowing cost is expected to come down in the second half of the fiscal due to the infusion of...

BANKING/FINANCE: Rupee to test 50.
October 23, 2008... from BUSINESS LINE, October 23, 2008 The rupee recorded a new all-time low at 49.49 on Wednesday as equity markets tumbled across the globe, making funds flee out of emerging markets. Foreign Institutional Investors have pulled out over $2.8...

INFO-TECH: Correction.
October 23, 2008... from BUSINESS LINE, October 23, 2008 With reference to the news item on Whirlpool of India published in these columns on Wednesday, the company has posted a net profit of Rs 44.6 crore for the first quarter of 2008-2009 and not as published....

INFO-TECH: Sun Direct enters National Capital Region.
October 23, 2008... from BUSINESS LINE, October 23, 2008 New Delhi, Oct. 22 - Sun Direct, the Direct-to-Home arm of the Sun Group, is gearing up with an investment of Rs 150 crore this fiscal to win over north Indian markets with "reasonably" priced offerings....

MARKETING: It's business as usual for WorldSpace in India.
October 23, 2008... from BUSINESS LINE, October 23, 2008 Chennai, Oct. 22 - Satellite radio company WorldSpace will continue its services in India. "It will be business as usual for us here," said Mr M. Sebastian, Managing Director (AsiaStar), WorldSpace. ...

INFO-TECH: Big FM's event management unit.
October 23, 2008... from BUSINESS LINE, October 23, 2008 Chennai, Oct. 22 - Exploring other non-traditional revenue streams to add to its topline, Adlabs' Big FM recently launched - Big Event - a separate division for event management on the B2B platform. ...

MARKETING: Airtel scores with DTH campaign.
October 23, 2008... from BUSINESS LINE, October 23, 2008 New Delhi, Oct. 22 - Hot on the heels of its digital TV launch, Airtel and its ad agency have started work on launching a campaign for Airtel's proposed IPTV services. The company claims the DTH campaign,...

INFO-TECH: New GPS tool.
October 23, 2008... from BUSINESS LINE, October 23, 2008 New Delhi, Oct. 22 - MapmyIndia, has announced a new GPS and map solutions that claims to make travel in India safer. iNav, a GPS- based application for mobile phones, transmits one's location over mobile...

INFO-TECH: Wipro sees changes in deal structures.
October 23, 2008... from BUSINESS LINE, October 23, 2008 Bangalore, Oct. 22 - Wipro Ltd has said it is witnessing changes in the outsourcing deal structures in a slowing global economy as transformation component becomes more prominent, with customers looking...

INFO-TECH: Wipro has $700 m debt; to conserve cash for growth.
October 23, 2008... from BUSINESS LINE, October 23, 2008 Bangalore, Oct. 22 - Loaded with a $700-million debt on its balance sheet, Wipro Ltd is now looking at conserving cash to fuel its growth initiatives. The company has not declared any interim dividend for...

INFO-TECH: Cos going slow on lateral hires.
October 23, 2008... from BUSINESS LINE, October 23, 2008 Bangalore, Oct. 22 - The HR departments of IT companies across all levels have been asked to go slow on hiring laterals for the coming quarter. According to HR sources, talent acquisition at large...

INFO-TECH: On-site assignments being deferred.
October 23, 2008... from BUSINESS LINE, October 23, 2008 Hyderabad, Oct. 22 - One of the main lures of a career in information technology (IT), the onsite opportunities to work aboard, have come to an all-time low, thanks to the financial crisis and economic...

INFO-TECH: TCS confident of meeting hiring targets.
October 23, 2008... from BUSINESS LINE, October 23, 2008 Mumbai, Oct. 22 - Inspite of a slowdown in the US, TCS has said that it is on course to meeting its annual hiring target of 30,000 to 35,000. The Tata group company is ahead of its hiring target for...

INFO-TECH: HCL Tech gets shareholders' nod to borrow Rs 4,000 cr.
October 23, 2008... from BUSINESS LINE, October 23, 2008 New Delhi, Oct. 22 - HCL Technologies - which is eyeing acquisition of UK-based Axon Group - has announced that it has received shareholders' approval to borrow up to Rs 4,000 crore outstanding at any...

CORPORATE: Hindustan Zinc Q2 net dips 18% as prices drop.
October 23, 2008... from BUSINESS LINE, October 23, 2008 Mumbai, Oct. 22 - Hampered by a sharp drop in zinc prices, Hindustan Zinc has reported an 18 per cent decline in net profit at Rs 960 crore in the quarter ended September 30, against Rs 1,168 crore in the...

CORPORATE: Opto Circuits Q2 net up 66%.
October 23, 2008... from BUSINESS LINE, October 23, 2008 Bangalore, Oct. 22 - Opto Circuits (India) Ltd (OCI), leading manufacturer of medical diagnostics and interventional products, reported a 75 per cent increase in its net sales to Rs 217.02 crore in the...

CORPORATE: Honda India, Hero Honda venture to jointly source auto parts.
October 23, 2008... from BUSINESS LINE, October 23, 2008 Bangalore, Oct. 22 - Auto giant Honda, which has three companies in India, and a joint venture with Hero Honda, plans to jointly source auto parts from India vendors to reduce costs. A top official...

CORPORATE: Samkrg Pistons net down 30%.
October 23, 2008... from BUSINESS LINE, October 23, 2008 Hyderabad, Oct 22 - Samkrg Pistons and Rings Ltd's net profit decreased 30 per cent at Rs 1.35 crore in the second quarter ended September 30, 2008 compared with Rs 1.93 crore in the corresponding quarter...

CORPORATE: Celestial Lab's expansion project.
October 23, 2008... from BUSINESS LINE, October 23, 2008 Hyderabad, Oct 22 - Celestial Labs Ltd has spent Rs 16.20 crore in expansion/modernisation of its industrial enzymes manufacturing plant located in the SP Biotech Park here up to September 30. The...

CORPORATE: SKF net profit declines 14%.
October 23, 2008... from BUSINESS LINE, October 23, 2008 Pune, Oct 22 - Bearings maker SKF Ltd has posted an 11.2 per cent increase in its net sales for the quarter ended September 2008 (Q3) which stood at Rs 430.4 crore compared to the same quarter last year....

CORPORATE: Reliance Infra Q2 net profit rises 15%.
October 23, 2008... from BUSINESS LINE, October 23, 2008 Mumbai, Oct 22 - Reliance Infrastructure Ltd, the power utility and EPC company of the Anil Ambani group, has achieved 15 per cent increase in the net profit for the quarter ending September 30 at Rs 288...

CORPORATE: Zee Entertainment Q2 net up 84% on tax refund.
October 23, 2008... from BUSINESS LINE, October 23, 2008 Mumbai, Oct. 22 - Zee Entertainment Enterprises Ltd clocked a 84 per cent increase in its net profit for the second quarter of the current fiscal at Rs 178.1 crore (Rs 97 crore), mostly helped by a tax...

CORPORATE: Fluctuating rupee hits Cipla's Q2 net profits.
October 23, 2008... from BUSINESS LINE, October 23, 2008 Mumbai, Oct. 22 - Uncertainty caused by the fluctuating rupee and the liquidity crisis continues to paint a grim scenario ahead, said drug-maker Cipla's Chief Executive, Mr Amar Lulla. The Mumbai-based...

CORPORATE: Piramal Healthcare Q2 net profit dips 13% on forex losses.
October 23, 2008... from BUSINESS LINE, October 23, 2008 Mumbai, Oct. 22 - Foreign-exchange losses have begun to take their toll on drug companies active overseas. The Mumbai-based Piramal Healthcare reported a 13 per cent dip in its net profits for the...

FRONT PAGE: Wipro Q2 profit grows 19%; muted outlook forecast.
October 23, 2008... from BUSINESS LINE, October 23, 2008 Bangalore Oct. 22 - Software-to-soap maker Wipro Ltd said its second quarter profits grew almost by a fifth aided by a weak currency and operational efficiencies, but forecast a muted outlook for its IT...

FRONT PAGE: Bank of India Q2 net rises 80% on robust credit growth.
October 23, 2008... from BUSINESS LINE, October 23, 2008 Mumbai, Oct 22 - Bank of India reported an 80 per cent growth in second quarter net profit, beating analysts' predictions. Mr T.S. Narayanasami, Chairman and Managing Director, attributed the...

CORPORATE: Airlines get relief package to stay in the air.
October 23, 2008... from BUSINESS LINE, October 23, 2008 New Delhi, Oct. 22 - The cash-strapped domestic airlines that have defaulted in payment of jet fuel bought from the PSU oil marketing companies (OMCs) can continue to fly without any fears of their wings...

FRONT PAGE: TCS posts marginal rise in Q2 net on forex hedging losses.
October 23, 2008... from BUSINESS LINE, October 23, 2008 Mumbai, Oct. 22 - The country's largest software company Tata Consultancy Services reported flat growth in net profit for the second quarter ended September 2008 as it encountered losses related to forex...

FRONT PAGE: Moon mission launched.
October 23, 2008... from BUSINESS LINE, October 23, 2008 Sriharikota, Oct. 22 - Chandrayaan-1, the Indian satellite that would take a peek at the moon from close quarters, was carried into space this morning by the PSLV-C11 rocket, amid threats to the launch...

FRONT PAGE: Subdued profit growth amid healthy sales.
October 23, 2008... from BUSINESS LINE, October 23, 2008 Companies' sales continue to grow at a healthy pace, but higher input prices and interest costs have curtailed profit growth to the single digits. That's the trend evident from the first set of...

STATES: Compensation for crop loss.
October 22, 2008... from BUSINESS LINE, October 22, 2008 Madurai, Oct. 21 - The Tamil Nadu Government has plans to distribute Rs 267.62 crore to affected farmers as compensation for crop loss under the crop insurance scheme, according to the Agriculture...

INFO-TECH: NIIT net rises 41% in Q2.
October 22, 2008... from BUSINESS LINE, October 22, 2008 New Delhi, Oct .21 - Talent development and IT training company NIIT Ltd on Tuesday posted 41 per cent rise in its consolidated net profit for the quarter ended September 30, 2008, at Rs 29.7 crore, buoyed...

OPINION: Missed distress signals.
October 22, 2008... from BUSINESS LINE, October 22, 2008 Numbers, they say, leave a trail. No wonder then, ordinary people drawing non-descript salaries are flummoxed at how the fraternity of number-crunchers, (read analysts, consultants, even journalists) did...

BANKING/FINANCE: Rupee flat against dollar.
October 22, 2008... from BUSINESS LINE, October 22, 2008 Mumbai, Oct. 21 - The rupee was flat against the dollar on Tuesday, as trading volumes remained thin on account of the strike called by the employees of the Reserve Bank of India. The currency opened at...

CORPORATE: Hero Honda defies industry trend in 100 cc category.
October 22, 2008... from BUSINESS LINE, October 22, 2008 Chennai, Oct. 21 - There is an old automotive industry adage that says big cars bring big profits. Apparently, it doesn't apply to two-wheeler manufacturers. Bigger bikes do not necessarily bring in bigger...

NEWS: 'Taxes, not over-capacity, killing aviation sector'.
October 22, 2008... from BUSINESS LINE, October 22, 2008 New Delhi, Oct. 21 - For the Chairman of Kingfisher Airlines, Mr Vijay Mallya, it is not over-capacity in the domestic market place, but the high taxation levels in the country that is killing the domestic...

MARKET WATCH: Hero Honda zips ahead with sales growth.
October 22, 2008... from BUSINESS LINE, October 22, 2008 For the half-year ended September 2008, Hero Honda has recorded a commendable 26 per cent year-on-year growth in net sales and a 47 per cent growth in net profits. This performance holds significance...

MARKET WATCH: Day Trading Guide.
October 22, 2008... from BUSINESS LINE, October 22, 2008 ICICI Bank Fresh long position can be initiated if the stock surpasses Rs 449 level with tight stop-loss. Infosys We reiterate our buy recommendation in this counter. L&T Buy the stock in dips...

AGRI-BUSINESS: Credit squeeze unlikely to hit spices export.
October 22, 2008... from BUSINESS LINE, October 22, 2008 Kochi, Oct 21 - Exports of spices from the country are unlikely to be affected by the current financial turmoil world over, as these items are essential food ingredients. In fact, there has been a 10...

MARKET WATCH: Tata Chemicals (Rs 176.95): Buy.
October 22, 2008... from BUSINESS LINE, October 22, 2008 We recommend a buy in Tata Chemicals from a short-term horizon. It evident from the charts of Tata Chemicals that it was on an intermediate-term downtrend from its 52-week high of Rs 440 (recorded on May...

STATES: Common cadre and recruitment rules for Karnataka city corpns.
October 22, 2008... from BUSINESS LINE, October 22, 2008 Mangalore, Oct. 21 - Karnataka will have common cadre and recruitment (CandR) rules for seven city corporations in the State, said the Karnataka Urban Development Minister, Mr Suresh Kumar. Addressing...

STATES: 'Gujarat Industrial Facilitation Act' soon.
October 22, 2008... from BUSINESS LINE, October 22, 2008 Chennai, Oct. 21 - The Gujarat Government will soon bring in a legislation titled Gujarat Industrial Facilitation Act, the State's Minister for Industries, Mines, Minerals, Planning, Finance, Energy and...

STATES: Sikkim CM's plea to BRO.
October 22, 2008... from BUSINESS LINE, October 22, 2008 Gangtok, Oct. 21 - The Chief Minister, Mr Pawan Chamling, told the Director General, Border Roads Organisation, Lt Gen A.K. Nanda, that labour employed by the BRO within the State had to be from Sikkim...

STATES: In quest of minerals, energy, water on Moon.
October 22, 2008... from BUSINESS LINE, October 22, 2008 Bangalore, Oct. 21 - At the crack of dawn on Wednesday, India sets out for the Moon on the Chandrayaan-1 probe, taking its first baby step into exploring outer space. Barring a lightning storm at the...

STATES: Coimbatore units to strike work today against power cut.
October 22, 2008... from BUSINESS LINE, October 22, 2008 Coimbatore, Oct. 21 - The industrial units in Coimbatore, second only to Chennai in terms of the spread of industrial activity in Tamil Nadu, have put their thumbs down to the latest announcement by the...

STATES: 'GDP growth may slip below 7% in 2008-09'.
October 22, 2008... from BUSINESS LINE, October 22, 2008 Kolkata, Oct. 21 - GDP growth in the country may slip below 7 per cent in 2008-09, Mr Rajiv Kumar, Director and CEO, Indian Council for Research on International Economic Relations (ICRIER), and a former...

STATES: CEO with HR Orientation award.
October 22, 2008... from BUSINESS LINE, October 22, 2008 Hyderabad, Oct 21 - Mr V. Laxmikanth, Managing Director of Broadridge India, has won the 2008 CEO with HR Orientation award by the Asia Pacific Human Resources Management (HRM) Congress. Broadridge India...

STATES: Nabard releases Rs 703 cr.
October 22, 2008... from BUSINESS LINE, October 22, 2008 Thiruvananthapuram, Oct. 21 - The National Bank for Agriculture and Rural Development (Nabard) has released a total of Rs 702.47 crore to client banks in Kerala under the Agriculture Debt Waiver and Debt...

STATES: IRB Infra nearing financial closure of Surat-.
October 22, 2008... from BUSINESS LINE, October 22, 2008Dahisar contract Mumbai, Oct. 21 - At a time when liquidity is a major concern for corporates, IRB Infrastructure Developers Ltd, is nearing the financial closure of its Surat-Dahisar six-laning contract...

STATES: Amenities at Sabarimala remains grim.
October 22, 2008... from BUSINESS LINE, October 22, 2008 Kochi, Oct. 21 - Even as the beginning of the next pilgrimage season is less than a month away, no additional infrastructure has been put in place for smooth movement of millions of pilgrims expected to...

STATES: Maditssia to observe strike today.
October 22, 2008... from BUSINESS LINE, October 22, 2008 Madurai, Oct. 21 - The Madurai District Tiny and Small Scale Industries' Association (Maditssia) along with 18 sector-wise associations will be observing a one-day hunger strike and closure of units in...

STATES: Manthan South Asia award.
October 22, 2008... from BUSINESS LINE, October 22, 2008 Hyderabad, Oct 21 - Health Management and Research Institute (HMRI) was recently awarded The Manthan South Asia 2008 Award for the best e-content for development under 104 health services in the State. A...

STATES: 'Resources networking vital for disaster management'.
October 22, 2008... from BUSINESS LINE, October 22, 2008 Hyderabad, Oct 21 - Networking of national and international resources for effective disaster management is very important, according to the former President, Mr A.P.J. Abdul Kalam. Speaking at the...

STATES: Space is roomy enough for three Asian giants.
October 22, 2008... from BUSINESS LINE, October 22, 2008 Chennai, Oct. 21 - Sometime around November 10, when Chandrayaan- 1 would say "hello" to moon, it will join the company of two other Asian lunar observers - Japan's Kaguya and China's Chang'e 1. How...

STATES: When will an Indian walk on the Moon?
October 22, 2008... from BUSINESS LINE, October 22, 2008 M. Ramesh Chennai, Oct. 21 - "There were oceans down there, deep and wide, but I could see completely across them now and they seemed so small. However deep, however wide, the sea has a shore and a bottom....

STATES: 'Informed population main growth driver in.
October 22, 2008... from BUSINESS LINE, October 22, 2008health industry' Mumbai, Oct. 21 - As the general population in India is becoming more informed and their expectations are raising, the USP creation has become a challenge for private hospitals and...

STATES: ADP 'green' initiative.
October 22, 2008... from BUSINESS LINE, October 22, 2008 Hyderabad, Oct 21 - Information technology solutions provider, ADP Private Ltd, has organised a month-long campaign to promote the 'Green' cause within their 2,500 associates and their families. Under the...

STATES: MCX signs pact with IPE.
October 22, 2008... from BUSINESS LINE, October 22, 2008 Hyderabad, Oct 21 - Multi Commodity Exchange of India Ltd (MCX) and the Institute of Public Enterprise (IPE), Hyderabad, have signed a memorandum of understanding to spread awareness about commodities...

STATES: Mr Venugopal C. Govind, Varma and Varma Chartered Accountants; Toc H Institute of Science and Technology.
October 22, 2008... from BUSINESS LINE, October 22, 2008 Kochi, Oct. 21 - Instead of looking to the West for opportunities and career growth, management students in India should look at the country's abundant resources, growth potential and the opportunities for...

STATES: Usha Martin launches academy.
October 22, 2008... from BUSINESS LINE, October 22, 2008 Kolkata, Oct. 21 - Usha Martin Academy has launched a centre for telecom training in Kolkata to impart training in technical and non-technical skills to young professionals in the telecommunication...

STATES: Tap business opportunity in global consulting, says Kalam.
October 22, 2008... from BUSINESS LINE, October 22, 2008 Hyderabad, Oct. 21 - There is a need for improving consulting business in view of huge global opportunity, according to the former President, Mr A.P.J. Abdul Kalam. Delivering the 14th convocation...

NEWS: Rlys may review priority status for sponge, pig iron producers.
October 22, 2008... from BUSINESS LINE, October 22, 2008 Kolkata, Oct. 21 - Reduced loading of iron ore by sponge iron and pig iron producers (known in Railways parlance as Priority C and Priority D customers in the matter of rake allotment) has set the Railways...

AGRI-BUSINESS: Poultry prices rise on festive demand.
October 22, 2008... from BUSINESS LINE, October 22, 2008 Chennai, Oct. 21 - The market for live chicken and layer eggs has started to recover due to the festive season demand in Tamil Nadu. The tight supply and the festival demand have encouraged the...

AGRI-BUSINESS: Spot rubber prices gain.
October 22, 2008... from BUSINESS LINE, October 22, 2008 Kottayam, Oct. 21 - Spot rubber was extremely bullish on Tuesday. The market gained strength following rumours on a move against selling the stocks below Rs 100 a kg for sheet rubber and another positive...

AGRI-BUSINESS: Monsoon vigour over Bay; Arabian Sea hosts cyclone.
October 22, 2008... from BUSINESS LINE, October 22, 2008 Thiruvananthapuram, Oct. 21 - Southwest Arabian Sea is now hosting a 'numbered' cyclone 03B (away from India's coast, not strong enough to be 'named') even as the north east monsoon gathered further steam...

AGRI-BUSINESS: Pepper futures up on tight supply.
October 22, 2008... from BUSINESS LINE, October 22, 2008 Kochi, Oct 21 - Pepper futures showed an uptrend and all the contracts moved up on Tuesday on tight supply. The market was by and large slow as the exporters have adopted a wait and watch approach given...

AGRI-BUSINESS: Cardamom prices recover as arrivals.
October 22, 2008... from BUSINESS LINE, October 22, 2008decline Kochi, Oct. 21 - Cardamom prices, which fell sharply at auctions held in Kerala and Tamil Nadu mid last week, recovered marginally on Sunday on regulated supply. At the Sunday auction held by...

MARKET WATCH: Corporate developments.
October 22, 2008... from BUSINESS LINE, October 22, 2008 Coimbatore, Oct. 21 - EID Parry India Ltd's board of directors will consider on October 29 the proposal for buy back of equity shares. Hindustan Construction Company Ltd has received a letter of intent...

MARKET WATCH: Sanghvi Movers: Noteworthy show.
October 22, 2008... from BUSINESS LINE, October 22, 2008 The second quarter numbers of Sanghvi Movers, an established player in the business of renting out cranes, appear in line with market expectations. The company has registered a top-line growth of 67...