Business Line articles from October 2009, page 3

Business Line archives from October 2009

AGRI-BUSINESS: Spot rubber prices improve.
October 30, 2009... from BUSINESS LINE, October 30, 2009 Kottayam, Oct. 29 - Spot rubber improved on Thursday. According to sources, the market moved up following the sustained gains in domestic futures on NMCE and supply concerns proceeding to north-east monsoon....

AGRI-BUSINESS: North-East monsoon sets in over coastal TN.
October 30, 2009... from BUSINESS LINE, October 30, 2009 Thiruvananthapuram, Oct. 29 - The north-east monsoon has set in over coastal Tamil Nadu and the larger peninsular India at least a week late than normal, India Meteorological Department (IMD) announced on...

AGRI-BUSINESS: Egg prices touch new high, may rise further.
October 30, 2009... from BUSINESS LINE, October 30, 2009 Chennai, Oct. 29 - The farmgate price for an egg touched a record Rs 2.55 on Thursday on rising demand, particularly with the setting in of winter in North India. The Namakkal-zone of the National Egg...

STATES: Malabar Crafts Mela in Dec.
October 30, 2009... from BUSINESS LINE, October 30, 2009 Kozhikode, Oct. 29 - The Malabar Crafts Mela 2009, which will form part of the Grand Kerala Shopping Festival, will be held in Malappuram from December 16 to 30. Last year, the event had attracted more...

STATES: S. Africa nod for Aurobindo drugs.
October 30, 2009... from BUSINESS LINE, October 30, 2009 Hyderabad, Oct. 29 - Aurobindo Pharma Ltd has received approval from the Medicines Control Council, South Africa to manufacture and market two products. The products are Auro-Ampicillin injection and...

STATES: 100 cos, 800 delegates to take part in Bangalore IT.biz from Nov 11.
October 30, 2009... from BUSINESS LINE, October 30, 2009 Bangalore Oct. 29 - The twelfth edition of the Karnataka Government- sponsored ICT Event, Bangalore IT. biz 2009, is expected to attract about 100 companies and around 800 delegates. The event slated for...

STATES: Future Brands unveils lingerie brand Mohena.
October 30, 2009... from BUSINESS LINE, October 30, 2009 Bangalore, Oct. 29 - Future Brands has entered the women's lingerie and nightwear space with the launch of the brand Mohena. Targeted at the value-seeking, lifestyle conscious Indian woman, Mohena aims...

STATES: Pepper futures rule firm.
October 30, 2009... from BUSINESS LINE, October 30, 2009 Kochi, Oct. 29 - Pepper futures continued their upward trend on Thursday on tight supply and good domestic demand. "Overall trend was firm", market sources told Business Line.There was buying in the...

STATES: Mr Richard Kemp, Co-Director, The Open University, UK; Madras Management Association's M.O.P. Vaishnav College chapter, Chennai.
October 30, 2009... from BUSINESS LINE, October 30, 2009 Chennai, Oct. 29 - The Madras Management Association (MMA) Students chapter at M.O.P Vaishnav College for Women (MBA department) was flagged off by Mr Richard Kemp, Co-Director, The Open University, UK, in...

STATES: Mahatransco plans power transmission corridor linking Nagpur, Aurangabad.
October 30, 2009... from BUSINESS LINE, October 30, 2009 Mumbai, Oct. 29 - Maharashtra State Electricity Transmission Company Ltd (Mahatransco) plans to construct a Rs 2,000-crore power transmission corridor for connecting Nagpur with Aurangabad with 765 kV lines....

STATES: 'National project' tag for EPTRI.
October 30, 2009... from BUSINESS LINE, October 30, 2009 Hyderabad, Oct. 29 - The Union Minister of State for Environment and Forests, Mr Jairam Ramesh, has agreed in principle to treat the Environmental Protection Training and Research Institute (EPTRI) at...

STATES: CM asks banks to speed up conversion of crop loans.
October 30, 2009... from BUSINESS LINE, October 30, 2009 Hyderabad, Oct. 29 - The Andhra Pradesh Chief Minister, Mr K. Rosaiah, has asked banks to speed up conversion of crop loans into term loans in drought and flood-hit districts in the State. Addressing the...

STATES: Vascon bags Rs 200-cr HDIL contract.
October 30, 2009... from BUSINESS LINE, October 30, 2009 Mumbai, Oct. 29 - The Pune-based Vascon Engineers has bagged a Rs 200-crore contract from Housing Development and Infrastructure Ltd, to design and build two million sq ft of commercial space at Kurla in...

STATES: Special court for Satyam trial.
October 30, 2009... from BUSINESS LINE, October 30, 2009 Hyderabad, Oct. 29 - The Andhra Pradesh Government on Thursday decided to constitute a special court here to take up the trial of the Satyam Computer scam case. The Cabinet, which met here today, approved...

STATES: Suryachakra Power warrants issue.
October 30, 2009... from BUSINESS LINE, October 30, 2009 Hyderabad, Oct. 29 - Suryachakra Power Corporation has informed the BSE that the company's extraordinary general meeting held today has approved the allotment of 64,00,000 convertible warrants at a price of...

STATES: KSK Energy net dips marginally in Q2.
October 30, 2009... from BUSINESS LINE, October 30, 2009 Hyderabad, Oct. 29 - Higher cost of sales, fuel and personal expenses led to a marginal drop in net profit for KSK Energy Ventures Ltd at Rs 37.24 crore on revenues of Rs 106.99 crore for the second quarter...

STATES: Starlite ties up with Spanish co to provide solutions to SMEs.
October 30, 2009... from BUSINESS LINE, October 30, 2009 Kolkata, Oct. 29 - Kolkata-based IT company Starlite Infotech Ltd has entered into a technical tie-up with Openbravo of Spain to extend enterprise resource planning (ERP) solutions to small and medium...

STATES: Cabinet panel clears 3 highway projects.
October 30, 2009... from BUSINESS LINE, October 30, 2009 New Delhi, Oct. 29 - The Cabinet Committee on Infrastructure on Thursday approved three national highway development projects to be taken up under design-build-finance- operate-transfer basis. The three...

STATES: 'NREGS engagement below par'.
October 30, 2009... from BUSINESS LINE, October 30, 2009 Thiruvananthapuram, Oct. 29 - The Minister for Local Administration, Mr Paloli Mohammed Kutty, has said that the engagement trend in the National Rural Employment Guarantee Scheme (NREGS) in the State left a...

STATES: '108 emergency service' saves 10,000 lives in a year.
October 30, 2009... from BUSINESS LINE, October 30, 2009 Madurai, Oct. 29 - The '108 Emergency Response Services (ERS)', a State Government initiative under the aegis of the Tamil Nadu Health Systems Project (TNHSP), has saved up to 10,000 in one year. Among the...

STATES: TN gets Rs 12 cr for mobile-governance project.
October 30, 2009... from BUSINESS LINE, October 30, 2009 Chennai, Oct. 29 - The Union Government has allocated Rs 12 crore to Tamil Nadu for the State's mobile-governance project, Dr Poongothai Aladi Aruna, the Tamil Nadu Minister for Information Technology, has...

NEWS: Volvo delinks from Ford India.
October 30, 2009... from BUSINESS LINE, October 30, 2009 New Delhi, Oct. 29 - Volvo in India will no longer be a subsidiary of Ford India, but a separate company. With Ford Motor Company planning to sell Volvo Cars and announcing Chinese carmaker Geely as the...

NEWS: Stainless steel prices to stay stable: JSL.
October 30, 2009... from BUSINESS LINE, October 30, 2009 New Delhi, Oct. 29 - Stainless steel prices are likely to remain stable in coming months, according to stainless steel producer JSL Ltd. Speaking at a press conference after the announcement of the...

LIFE: Fruit from Kashmir's sweet waters.
October 30, 2009... from BUSINESS LINE, October 30, 2009 Famed for its apples, cherries, peaches and plums, Kashmir is now turning into a major producer of the less-known water chestnut. As the name indicates, this small rectangular fruit grows wild in the...

LIFE: Drive the world over.
October 30, 2009... from BUSINESS LINE, October 30, 2009 Hiring chauffeur-driven cars abroad is pretty expensive. But renting a car and driving it yourself is quite cheap. Besides, it makes the entire journey extremely flexible and far more enjoyable. You can...

LIFE: Making waves.
October 30, 2009... from BUSINESS LINE, October 30, 2009 Luxury-taxi driver Gusti Sarwa is happy. After a brief slowdown, international travellers are thronging Bali again. The 'Bali Bombing' in 2002 and another attack in 2005, which had affected his earnings, are...

LIFE: Swim towards health.
October 30, 2009... from BUSINESS LINE, October 30, 2009 I'm 5 ft 6 inches tall and weigh 63 kg. I have a small belly. My hands and shoulders are thin. I plan to swim daily and exercise at home (not too keen on gymming). Please advise how to remain fit and healthy....

LIFE: Mango imprint.
October 30, 2009... from BUSINESS LINE, October 30, 2009 Shoppers trawling the brand stores or looking for high-on-style, low-on-cost accessories at Mumbai's most-expensive shopping strip, Linking Road in Bandra, now have a great place to rest their tired limbs....

LIFE: Did the sale click?
October 30, 2009... from BUSINESS LINE, October 30, 2009 "In the future, there will not be any significant websites that do not contain the 'call me now' capability. The question is: How significant do you want your website to be?" Bill Gates at the ETRA...

STATES: CESC unhappy with Bihar SEB tendering process.
October 30, 2009... from BUSINESS LINE, October 30, 2009 Kolkata, Oct. 29 - The RPG Enterprises flagship CESC Ltd today criticised the tendering process of Bihar State Electricity Board for appointing franchisee power distributors for Patna and a few other centres....

STATES: Brisk growth in Britannia net.
October 30, 2009... from BUSINESS LINE, October 30, 2009 Bangalore, Oct. 29 - Britannia Industries Ltd has reported a 10.8 per cent rise in net profit in the second quarter which stands at Rs 59.1 crore against Rs 53.3 crore in the corresponding quarter of the...

FRONT PAGE: Infrastructure sector growth slips to 4% in September.
October 29, 2009... from BUSINESS LINE, October 29, 2009 New Delhi, Oct. 28 - Growth in key infrastructure sectors slipped in September after a strong showing in August, which could contribute to a possible moderation in the industrial recovery story. The core...

FRONT PAGE: Shankar Sharma's plea against ban dismissed.
October 29, 2009... from BUSINESS LINE, October 29, 2009 Mumbai, Oct. 28 - The Securities Appellate Tribunal (SAT) on Wednesday dismissed an appeal filed by Mr Shankar Sharma against a February 2009 SEBI order that barred him from accessing the securities market...

FRONT PAGE: HPCL skids on oil bond delay.
October 29, 2009... from BUSINESS LINE, October 29, 2009 Mumbai, Oct. 28 - The Centre's dithering on issue of oil bonds has pushed Hindustan Petroleum Corporation into the red in the second quarter of this fiscal with losses totalling Rs 136.68 crore from profits...

CORPORATE: Sun Pharma net profit dips 49%.
October 29, 2009... from BUSINESS LINE, October 29, 2009 Mumbai, Oct. 28 - Sun Pharmaceutical Industries has reported a 49 per cent drop in net profit at Rs 203 crore for the quarter-ended September 30 against Rs 303 crore logged in the same period a year ago....

CORPORATE: Tata Tea net rises 32% on higher sales, exceptional gain.
October 29, 2009... from BUSINESS LINE, October 29, 2009 Mumbai, Oct. 28 - Tata Tea has reported a 32 per cent increase in its consolidated net profit at Rs 287.44 crore for the second quarter ended September 30, against Rs 217.76 crore in the same period last...

CORPORATE: GAIL net dips 30% on lower price realisations from petrochem, liquid hydrocarbons.
October 29, 2009... from BUSINESS LINE, October 29, 2009 New Delhi, Oct. 28 - GAIL (India) Ltd has reported a 30 per cent drop in net profit for the second quarter of the current fiscal due to lower price realisations in petrochemicals and liquid hydrocarbons...

CORPORATE: Premier returns with compact SUV Rio.
October 29, 2009... from BUSINESS LINE, October 29, 2009 Mumbai, Oct. 28 - Premier Ltd (formerly Premier Automobiles) has made a comeback into the passenger car segment with the launch of a compact sport-utility vehicle called Rio in collaboration with China's...

CORPORATE: Limagrain buys 51% stake in Avesthagen seed co.
October 29, 2009... from BUSINESS LINE, October 29, 2009 Bangalore, Oct. 28 - Avesthagen Ltd has licensed its field crop technologies to Groupe Limagrain for EU10 million (nearly Rs 70 crore) to be paid over two tranches, according to Avesthagen's top official. In...

CORPORATE: ACC, Ambuja Cement net profits rise on lower input cost.
October 29, 2009... from BUSINESS LINE, October 29, 2009 Mumbai, Oct. 28 - Holcim Group companies, ACC and Ambuja Cement, have posted a strong performance for the quarter ended September 30. While ACC showed a 60 per cent growth in net profit, Ambuja Cement's rose...

CORPORATE: Amara Raja Q2 net profit zooms to Rs 48 cr.
October 29, 2009... from BUSINESS LINE, October 29, 2009 Hyderabad, Oct. 28 - Amara Raja Batteries Ltd has recorded a net profit of Rs 47.9 crore for the second quarter ended September 30, 2009, up 155 per cent from Rs 18.79 crore posted in the corresponding...

CORPORATE: Vivimed Labs net up at Rs 8 cr Hyderabad, Oct. 28.
October 29, 2009... from BUSINESS LINE, October 29, 2009 Vivimed Labs Ltd's consolidated net profit increased 6 per cent at Rs 8.05 crore in the second quarter ended September 30, compared with Rs 7.59 crore in the corresponding quarter of the previous financial...

CORPORATE: MIC Electronics Q3 net down.
October 29, 2009... from BUSINESS LINE, October 29, 2009 Hyderabad, Oct. 28 - The decline in LED-displays and lighting segment dragged down the revenues of MIC Electronics in the third quarter ended September 30, 2009 to Rs 45.25 crore against Rs 75.60 crore in the...

CORPORATE: Kingfisher Air prunes Q2 loss to Rs 418.77 cr.
October 29, 2009... from BUSINESS LINE, October 29, 2009 Bangalore, Oct. 28 - Mr Vijay Mallya-owned Kingfisher Airlines' losses for the second quarter of this fiscal were down to Rs 418.77 crore (Rs 483.25 crore) while income from operations fell nearly 14 per cent...

CORPORATE: Fiat rules out entry-level car in India.
October 29, 2009... from BUSINESS LINE, October 29, 2009 Pune, Oct. 28 - Italian automaker Fiat has said it is in the process of developing several low cost cars, but ruled out launching any model in India that will cater to the entry-level segment. "We are...

CORPORATE: Mahindra launches half-tonne pickup.
October 29, 2009... from BUSINESS LINE, October 29, 2009 Mumbai, Oct. 28 - Mahindra & Mahindra has launched India's first 0.5-tonne pickup, thereby creating a new segment in the goods carrier space. The Gio, which the company claims to deliver 27 km to a...

CORPORATE: India Cements near deal for coal mining in Indonesia.
October 29, 2009... from BUSINESS LINE, October 29, 2009 Chennai, Oct. 28 - India Cements Ltd will invest $20 million (Rs 92 crore) in a coal mine in Indonesia. The company expects to sign the deal with the mine owner within a couple of weeks. Addressing a press...

CORPORATE: Dalmia Cement (Bharat) net up.
October 29, 2009... from BUSINESS LINE, October 29, 2009 CHENNAI: Dalmia Cement (Bharat) Ltd has reported a 33 per cent growth in net profit for the second quarter of this fiscal at Rs 53.85 crore (Rs 40.19 crore) on a total income of Rs 563.70 crore (Rs 454.85...

CORPORATE: BHEL gets Rs 205-cr Oman order.
October 29, 2009... from BUSINESS LINE, October 29, 2009 New Delhi, Oct. 28 - Bharat Heavy Electricals Ltd said on Wednesday it has received a Rs 205- crore power equipment order from Oman. The equipment manufacturer will export 126 MW gas turbine generating unit...

INFO-TECH: Norton products for Windows 7.
October 29, 2009... from BUSINESS LINE, October 29, 2009 Coimbatore, Oct. 28 - Symantec has updated its Norton-branded consumer products to provide seamless migration to Windows 7. The company has in a release stated that all active subscribers would automatically...

INFO-TECH: HCL Tech Q1 net dips 10% on forex losses.
October 29, 2009... from BUSINESS LINE, October 29, 2009 New Delhi, Oct. 28 - IT services company HCL Technologies on Wednesday posted a 10 per cent drop in consolidated net profit for the quarter ended September 2009, with its earnings dented by hedging losses. ...

INFO-TECH: Recession is opportunity, not excuse, says HCL CEO.
October 29, 2009... from BUSINESS LINE, October 29, 2009 The HCL Technologies CEO, Mr Vineet Nayar, feels that the talk of recovery in the IT space is a bit premature and the industry continues to "live" quarter-to-quarter. Moumita Bakshi Chatterjee caught up...

INFO-TECH: On the prowl for buys.
October 29, 2009... from BUSINESS LINE, October 29, 2009 New Delhi, Oct. 28 - Less than a year after it acquired Axon, HCL Technologies is on the prowl again. The IT services company, which is pursuing acquisition opportunities to fill 'gaps', said these buyouts...

INFO-TECH: MRO Tek net loss at Rs 1.87 cr.
October 29, 2009... from BUSINESS LINE, October 29, 2009 Bangalore Oct. 28 - MRO Tek widened its losses for the September quarter as sales slumped due to weak economic conditions. The company reported a net loss of Rs 1.87 crore on revenues of Rs 18.84 crore for...

NEWS: Hexaware net trebles.
October 29, 2009... from BUSINESS LINE, October 29, 2009 Mumbai, Oct. 28 - Mid-size IT services company Hexaware Technologies has reported an over three-fold jump in net profit for the third quarter ended September 30. The company reported a net profit of Rs...

NEWS: Sasken buys Ingenient's assets, product portfolios.
October 29, 2009... from BUSINESS LINE, October 29, 2009 Bangalore, Oct. 28 - Sasken Communication Technologies has acquired the product portfolio, some customer contracts and certain assets of the US-based Ingenient Technologies Inc, a provider of embedded...

NEWS: 'Wipro-GE Healthcare equity to stay 49:51'.
October 29, 2009... from BUSINESS LINE, October 29, 2009 Bangalore, Oct. 28 - Wipro Ltd does not see any changes to the equity structure in joint venture Wipro-GE Healthcare post integration of all the GE Healthcare units in India with the joint venture. GE...

NEWS: US panel favours 100% FDI in telecom sector.
October 29, 2009... from BUSINESS LINE, October 29, 2009 New York, Oct. 28 - The United States Telecommunications Sub- committee, an advocacy body which looks into telecom regulations around the world, has suggested a slew of reforms for India to implement in the...

BANKING/FINANCE: Rupee at 3-week low.
October 29, 2009... from BUSINESS LINE, October 29, 2009 Mumbai, Oct. 28 - The rupee fell by 44 paise against the dollar as the greenback rallied against other major currencies overseas. Though the rupee had breached the 47-level in day trade on Tuesday, it closed...

BANKING/FINANCE: Call rates end unchanged.
October 29, 2009... from BUSINESS LINE, October 29, 2009 Mumbai, Oct. 28 - The inter-bank call rate ended at 3.25-3.30 per cent, same as the previous day's close. Under the liquidity adjustment facility conducted by the Reserve Bank of India, there were no bids in...

BANKING/FINANCE: Positive sentiments boost bonds.
October 29, 2009... from BUSINESS LINE, October 29, 2009 Mumbai, Oct. 28 - Bond prices rose by around 48 paise on Wednesday as positive sentiments prevailed in the market post the SLR hike in the second quarter review of the monetary policy. There are no downside...

BANKING/FINANCE: Shriram Transport Finance net up.
October 29, 2009... from BUSINESS LINE, October 29, 2009 Mumbai, Oct. 28 - Shriram Transport Finance Company reported a 25 per cent rise in net profit to Rs 207.45 crore in the second quarter of this fiscal, against Rs 165.6 crore in the year ago period. ...

BANKING/FINANCE: RBI move to impact profitability, says Crisil.
October 29, 2009... from BUSINESS LINE, October 29, 2009 Mumbai, Oct. 28 - The Reserve Bank of India's stipulation that banks need to provide a minimum provisioning coverage of 70 per cent on their non-performing assets will lower profitability of banks in the...

BANKING/FINANCE: Crisil upgrades Equitas Micro's paper.
October 29, 2009... from BUSINESS LINE, October 29, 2009 Chennai, Oct. 28 - The securitised paper of Equitas Micro Finance India has received a rating upgrade from Crisil. The transaction, which took place in March, involved securitisation of micro-loan portfolio...

BANKING/FINANCE: Money rates could crash.
October 29, 2009... from BUSINESS LINE, October 29, 2009 The half-yearly Monetary Policy created a lot of jitters in banks and corporates. Would the RBI reverse course on interest rates and liquidity, heralding the 'exit' of its rescue measures in the wake of the...

BANKING/FINANCE: Andhra Bank profit rises to Rs 274 cr on all-round growth.
October 29, 2009... from BUSINESS LINE, October 29, 2009 Hyderabad, Oct. 28 - Andhra Bank's net profit increased 70 per cent to Rs 274 crore in the second quarter ended September 2009 compared with Rs 161.5 crore in the corresponding quarter of the previous fiscal....

BANKING/FINANCE: Readymades to get interest rate subvention.
October 29, 2009... from BUSINESS LINE, October 29, 2009 Mumbai: The Government of India has decided to include readymade garments along with textiles under the rupee export credit interest rates subvention scheme with effect from December 1, 2008, RBI said in a...

BANKING/FINANCE: Punjab & Sind Bank net rises in H1.
October 29, 2009... from BUSINESS LINE, October 29, 2009 New Delhi, Oct. 28 - State-run Punjab & Sind Bank reported a 36 per cent rise in net profit at Rs 235 crore for the first half ended September 2009 compared with Rs 172 crore in the same period last...

BANKING/FINANCE: Chola DBS loss rises on sale of asset management biz.
October 29, 2009... from BUSINESS LINE, October 29, 2009 Chennai, Oct. 28 - Due to a provision of Rs 43 crore representing "likely loss" on the sale of Chola DBS Asset Management business, Cholamandalam DBS Finance reported a net loss of Rs 28 crore for the second...

BANKING/FINANCE: Higher income pushes Bank of Baroda net up 60%.
October 29, 2009... from BUSINESS LINE, October 29, 2009 Mumbai, Oct. 28 - Bank of Baroda's net profit grew 60 per cent to Rs 634 crore for the quarter ended September 30, 2009, from Rs 395 crore in the same period last year. The rise in profits is on account of...

BANKING/FINANCE: SLR hike unlikely to impact liquidity.
October 29, 2009... from BUSINESS LINE, October 29, 2009 Mangalore, Oct. 28 - Mr J. M. Garg, Chairman and Managing Director of Corporation Bank, told Business Line that the increase in the SLR by 100 basis points may not impact the liquidity in the system as most...

BANKING/FINANCE: Scope for banks to cut lending rates: RBI.
October 29, 2009... from BUSINESS LINE, October 29, 2009 Mumbai, Oct. 28 - There is scope for banks to reduce lending rates, given that the Monetary Policy is still largely in an accommodative stance, said the Reserve Bank of India, Governor, Dr D. Subbarao. ...

BANKING/FINANCE: A pleasant surprise, say economists.
October 29, 2009... from BUSINESS LINE, October 29, 2009 Thiruvananthapuram, Oct. 28 - While most of the Monetary Policy prescriptions were along expected lines, the upward revision in the Statutory Liquidity Ratio (SLR) seems to have caught leading economists off...

BANKING/FINANCE: Commercial real estate loans may cost more.
October 29, 2009... from BUSINESS LINE, October 29, 2009 Mumbai, Oct. 28 - Interest rates on loans to commercial real estate sector may move up with the Reserve Bank of India increasing the provisioning requirement for advances to this sector from the present level...

OPINION: A germane tax proposal.
October 29, 2009... from BUSINESS LINE, October 29, 2009 Over the past few days, two news items have appeared which may, if one wishes to see them that way, provide a basis for future governance of the country, which promises to bring in rich rewards for all and...

OPINION: A rising China flexes its muscle.
October 29, 2009... from BUSINESS LINE, October 29, 2009 The mouthpiece of China's Communist Party, the People's Daily claimed on October 14, 2009, that Indians have become "more narrow minded". It accused India of "provocation" on border issues with China and...

OPINION: Tempering lending to real estate.
October 29, 2009... from BUSINESS LINE, October 29, 2009 The Reserve Bank of India's move to increase provisioning norms for advances to the commercial real estate sector can be viewed either as part of a prelude to a tighter money policy or as a mere cautionary...

OPINION: Balancing approach.
October 29, 2009... from BUSINESS LINE, October 29, 2009 This refers to the Reserve Bank of India's Monetary Policy wherein the central bank has adopted a conservative approach in the current context (Business Line, October 28). The new policy is oriented towards...

OPINION: A switchover.
October 29, 2009... from BUSINESS LINE, October 29, 2009 This is with reference to "End of easy money, says RBI" (Business Line, October 28). With the 'recovery' light located at the 'end of the tunnel' of 'recession', the RBI's cautious approach to a switchover...

ACCOUNTANCY: Curbing insider trading.
October 29, 2009... from BUSINESS LINE, October 29, 2009 "The most valuable commodity I know of is information." This is one of the many famous quotes of the fictional character Gorden Gekko in the movie Wall Street. This statement has attained an evergreen status...

ACCOUNTANCY: Under-reporting of revenue?
October 29, 2009... from BUSINESS LINE, October 29, 2009 Stanza 587 of the Tirukkural, translated into English would read: "A spy must search each hidden matter out, and full report must render, free from doubt." The special auditor who has reported under-...

ACCOUNTANCY: Beyond poverty lines.
October 29, 2009... from BUSINESS LINE, October 29, 2009 Don't pay any attention to what they write about you, advises a helpful quote of Andy Warhol addressed to those worried about news stories. "Just measure it in inches," he adds. By that handy measure,...

ACCOUNTANCY: Divisive demergers.
October 29, 2009... from BUSINESS LINE, October 29, 2009 The seeds of the Ambani brothers' spat over the selling price of gas from Krishna Godavari Basin - discovered and harnessed by Reliance Industries Ltd (RIL) which is controlled by the elder brother Mukesh -...

MARKET WATCH: Shankar Sharma, wife behind fictitious trading: SAT.
October 29, 2009... from BUSINESS LINE, October 29, 2009 Mumbai, Oct. 28 - Synchronised trading is a form of stock manipulation where the similar and opposite buy and the sell orders are put into the system at almost the same time, in order to increase volumes. ...