Business Line articles from October 2009

Business Line archives from October 2009

FRONT PAGE: Flying from Hyderabad may become costlier.
October 31, 2009... from BUSINESS LINE, October 31, 2009 Istanbul (Turkey), Oct. 30 - Flying from Hyderabad will become more expensive soon. The Chairman of GMR Group, Mr G.M. Rao, told newspersons that the operator had applied to the regulator for an increase in...

FRONT PAGE: General Motors gears up for new China-India link.
October 31, 2009... from BUSINESS LINE, October 31, 2009 Mumbai, Oct. 30 - General Motors is putting in place a growth strategy for the Asia-Pacific region which will see huge synergies between its Chinese and Indian operations. In the process, its ally in...

FRONT PAGE: Bharti Airtel joins mobile tariff war with per second billing.
October 31, 2009... from BUSINESS LINE, October 31, 2009 New Delhi, Oct. 30 - The mobile tariff war intensified further on Friday with the largest player in the Indian cellular market Bharti Airtel announcing seconds-based billing. Until now, Bharti was charging on...

FRONT PAGE: ICICI Bank reports flat net in Q2.
October 31, 2009... from BUSINESS LINE, October 31, 2009 Mumbai, Oct. 30 - ICICI Bank's net profit edged up a marginal 2.5 per cent in the quarter ended September 30, 2009 at Rs 1,040 crore, against Rs 1,014 crore in the corresponding period last year. Its loan...

FRONT PAGE: Madras SE members to trade directly on NSE.
October 31, 2009... from BUSINESS LINE, October 31, 2009 Mumbai, Oct. 30 - The National Stock Exchange has decided to permit members of the Madras Stock Exchange to trade directly on the NSE in both cash and F&O segments. The facility will be made available...

FRONT PAGE: Essar Oil close to buying out Shell's European refineries.
October 31, 2009... from BUSINESS LINE, October 31, 2009 Mumbai, Oct. 30 - Royal Dutch Shell PLC has selected Essar Oil as the preferred bidder for its three European refineries. "Yes. Essar has entered into an exclusive negotiation with Shell for buying Shell's...

CORPORATE: Sterlite Q2 net profit falls 28%.
October 31, 2009... from BUSINESS LINE, October 31, 2009 Mumbai, Oct. 30 - Sterlite Industries, a Vedanta Group company, has registered a 28 per cent drop in net profit at Rs 1,240 crore in the second quarter ended September 30, 2009, against Rs 1,721 crore...

CORPORATE: Not so smooth sailing for SAIL; Q2 profit down 17%.
October 31, 2009... from BUSINESS LINE, October 31, 2009 New Delhi, Oct. 30 - Despite reporting record quarterly domestic sales of 3 million tonnes, lower price realisations pulled down the net profits for the country's largest steel maker SAIL by about 17 per cent...

CORPORATE: Ashok Leyland net up 33%.
October 31, 2009... from BUSINESS LINE, October 31, 2009 Chennai, Oct. 30 - Ashok Leyland registered a 33 per cent rise in net profit to Rs 89 crore for the quarter ending September 30, 2009, against Rs 67 crore registered in the same quarter of the previous year....

CORPORATE: Indian Hotels net crashes 76%.
October 31, 2009... from BUSINESS LINE, October 31, 2009 Mumbai, Oct. 30 - With the recession hitting corporate and leisure travel, Indian Hotels Company reported a net profit of Rs 12 crore for the second quarter of this fiscal, down 76 per cent from Rs 51 crore...

CORPORATE: IOC returns to profit fuelled by dip in oil prices.
October 31, 2009... from BUSINESS LINE, October 31, 2009 New Delhi, Oct. 30 - Fall in crude oil prices has helped Indian Oil Corporation Ltd (IOC) to report a profit in the second quarter of the current fiscal against a loss in the same period previous year. The...

CORPORATE: Uttam Galva net up marginally.
October 31, 2009... from BUSINESS LINE, October 31, 2009 Mumbai: Uttam Galva Steels has recorded flat growth in net profit at Rs 22 crore (Rs 21 crore) during the quarter ended September 30, 2009. Sales revenue fell 19 per cent to Rs 1,103 crore (Rs 1,362 crore)....

CORPORATE: Aditya Birla Nuvo back in black; posts net profit of Rs 1.44 cr.
October 31, 2009... from BUSINESS LINE, October 31, 2009 Mumbai, Oct. 30 - Aditya Birla Nuvo, a diversified conglomerate, is back in the black after registering a net profit of Rs 1.44 crore for the quarter ended September 30, 2009, against a net loss of Rs 104.6...

CORPORATE: Thermax PAT dips 5% in Q2.
October 31, 2009... from BUSINESS LINE, October 31, 2009 Pune, Oct. 30 - Energy and Environment solutions company Thermax Ltd has posted a marginal drop of 5 per cent year-on-year in its second quarter net profit that stood at Rs 54 crore against Rs 57 crore in the...

CORPORATE: Marginal rise in Oil India net.
October 31, 2009... from BUSINESS LINE, October 31, 2009 New Delhi, Oct. 30 - Oil India Ltd reported a 0.79 per cent increase in net profit for the quarter ended September 30 which stood at Rs 722.56 crore against Rs 716.85 crore for the corresponding period last...

CORPORATE: Voltas net profit rises 50%.
October 31, 2009... from BUSINESS LINE, October 31, 2009 Mumbai, Oct. 30 - Voltas Ltd, a Tata group company, has posted a 50 per cent rise in net profit at Rs 92 crore for the quarterended September 30, 2009, as against Rs 61 crore logged during the same year ago...

NEWS: Tata Power, SN of Norway plan Rs 15,000 cr hydel projects.
October 31, 2009... from BUSINESS LINE, October 31, 2009 Mumbai, Oct. 30 - Tata Power Company and SN Power of Norway will invest about Rs 15,000 crore over the next six to eight years to develop hydropower projects in India and Nepal. The plan includes readying...

INFO-TECH: KPIT Cummins Info buys US co Sparta for $38 m.
October 31, 2009... from BUSINESS LINE, October 31, 2009 Mumbai, Oct. 30 - Mid-size IT solutions firm KPIT Cummins Infosystems said on Friday it has acquired the US-based SAP solutions provider Sparta Consulting Inc for $38 million (Rs 186 crore). The Sparta...

INFO-TECH: Service obligation fund norms to be amended: Raja.
October 31, 2009... from BUSINESS LINE, October 31, 2009 New Delhi, Oct. 30 - In order to give an impetus to telecom infrastructure in the rural areas the Government is planning to amend the Universal Service Obligation Funds (USOF) to make it easier for telecom...

INFO-TECH: Tata Tele (Maha) reports net loss of Rs 116 cr.
October 31, 2009... from BUSINESS LINE, October 31, 2009 Mumbai, Oct. 30 - Tata Teleservices (Maharashtra) Ltd has reported a net loss of Rs 116.1 crore for the second quarter ended September 2009 against a loss of Rs 47.4 crore reported in the year-ago period. ...

INFO-TECH: ICSA revenues up at Rs 311 cr.
October 31, 2009... from BUSINESS LINE, October 31, 2009 Hyderabad, Oct. 30 - ICSA has registered revenues of Rs 311 crore in the quarter ended September 30, 2009 against Rs 279 crore in the same quarter last year. "There has been a slowdown in the embedded...

INFO-TECH: 5G sets up base in N-E England.
October 31, 2009... from BUSINESS LINE, October 31, 2009 Chennai, Oct. 30 - Fifth Generation Technologies India (P) Ltd (5G), a Chennai-based software product company, has launched its operations in North East England to take advantage of the software expertise and...

INFO-TECH: Hutch Essar deal: Tax Dept issues notice to Vodafone.
October 31, 2009... from BUSINESS LINE, October 31, 2009 New Delhi, Oct. 30 - The international tax division of the Income Tax Department on Friday issued a "detailed notice" to Netherlands- based Vodafone International Holdings BV (VIH) in the $11.2-billion Hutch...

INFO-TECH: MTNL net declines 78%.
October 31, 2009... from BUSINESS LINE, October 31, 2009 New Delhi, Oct. 30 - State-run telecom company MTNL reported a 77.5 per cent dip in its net profit at Rs 20.58 crore for the quarter ended September 30, 2009, against Rs 91.49 crore in the same quarter last...

INFO-TECH: Bartronics net sales, profit rise.
October 31, 2009... from BUSINESS LINE, October 31, 2009 Hyderabad, Oct. 30 - Bartronics India reported net sales of Rs 136 crore in the three months ended September 30, 2009, against Rs 101 crore, registering a growth of 36 per cent. The net profit for the...

INFO-TECH: Hinduja Global's new centres will be operational next fiscal.
October 31, 2009... from BUSINESS LINE, October 31, 2009 Bangalore, Oct. 30 - BPO services provider Hinduja Global Solutions expects its two new 300-seat delivery centres in the country to become operational in the early part of the next fiscal. Mr Anand Vora,...

INFO-TECH: Juniper takes on rivals with new products, services.
October 31, 2009... from BUSINESS LINE, October 31, 2009 New York, Oct. 30 - In a bid to take on its arch rivals such as Cisco and Alcatel Lucent in the enterprise and service provider segments, Juniper Networks unveiled a slew of initiatives including its next...

INFO-TECH: India R&D centre plays big role in new roll out.
October 31, 2009... from BUSINESS LINE, October 31, 2009 New York, Oct. 30 - Juniper's development centre with 1,500 employees played a huge role in rolling out the company's global strategy. Mr Douglas Murray, Senior Vice-President and General Manager, High-...

INFO-TECH: BSNL North deal hangs in balance for HCL Info.
October 31, 2009... from BUSINESS LINE, October 31, 2009 Mumbai, Oct. 30 - HCL Infosystems has yet again quoted the lowest amount for executing an IT implementation project for BSNL in the north zone. However, whether or not it will be awarded the contract remains...

INFO-TECH: Orkut gets facelift; India, Brazil behind makeover.
October 31, 2009... from BUSINESS LINE, October 31, 2009 Bangalore, Oct. 30 - Conceding to popular user demand and feedback, Google has given its social networking site Orkut a facelift. And much of the engineering behind the revamp (which promises user a faster...

BANKING/FINANCE: Karur Vysya Bank net up 46%.
October 31, 2009... from BUSINESS LINE, October 31, 2009 Coimbatore, Oct. 30 - Karur Vysya Bank's net profit rose to Rs 90.90 crore for the quarter ended September 2009 compared with Rs 62.24 crore during the corresponding period of the earlier year. The bank's...

BANKING/FINANCE: LVB trims select deposit rates.
October 31, 2009... from BUSINESS LINE, October 31, 2009 Coimbatore, Oct. 30 - While keeping the rates unchanged for deposits with a maturity period of up to 5 years, Lakshmi Vilas Bank plans to effect a 100 basis point cut on deposits beyond the 5 year period from...

BANKING/FINANCE: Central Bank Q2 profit surges on growth in 'other.
October 31, 2009... from BUSINESS LINE, October 31, 2009income' Mumbai, Oct. 30 - Central Bank of India's net profit zoomed to Rs 314 crore in the second quarter of the current financial year, aided by a substantial growth in other income. The bank had reported...

BANKING/FINANCE: Syndicate Banknet slips 32%.
October 31, 2009... from BUSINESS LINE, October 31, 2009 Bangalore, Oct. 30 - Syndicate Bank's net profit for the second quarter of this fiscal stood at Rs 177.81 crore, down about 32 per cent from Rs 261.91 crore recorded during the corresponding quarter last...

BANKING/FINANCE: Higher fee-based income lifts United Bank Q2 net.
October 31, 2009... from BUSINESS LINE, October 31, 2009 Kolkata, Oct. 30 - Riding on a higher fee-based income, United Bank of India posted a net profit of Rs 84 crore for the quarter ended September 30, 2009, against a loss of Rs 180 crore for the corresponding...

BANKING/FINANCE: RBI tries to give takeout financing a boost yet again.
October 31, 2009... from BUSINESS LINE, October 31, 2009 Bangalore, Oct. 30 - The Reserve Bank of India's tweaking of risk weighting for takeout financing is the second attempt this year to push up lending to the infrastructure sector. Takeout financing involves...

BANKING/FINANCE: Srei Infra net up marginally.
October 31, 2009... from BUSINESS LINE, October 31, 2009 Kolkata, Oct. 30 - Srei Infrastructure Finance Ltd posted a marginal 1.53 per cent rise in net profit of Rs 26.58 crore for the quarter ended September 30, 2009, compared with Rs 26.18 crore in the same...

BANKING/FINANCE: Chit funds help low, middle income households: Study.
October 31, 2009... from BUSINESS LINE, October 31, 2009 Chennai, Oct. 30 - Chit funds have proved to be useful tools for enabling savings and credit disbursement in the low income groups and deserve to be encouraged for financial inclusion. This is the thrust of a...

BANKING/FINANCE: Max NY Life may raise minimum premium rates.
October 31, 2009... from BUSINESS LINE, October 31, 2009 Kolkata, Oct. 30 - Max New York Life Insurance Company may increase the minimum premium rates on ULIPs by nearly 30 per cent from January, according to its Senior Director and Chief Marketing Officer Mr...

BANKING/FINANCE: SBI Pension Fund gives highest return.
October 31, 2009... from BUSINESS LINE, October 31, 2009 Mumbai, Oct. 30 - SBI Pension Fund has given the highest return among the three fund managers under the New Pension Scheme for Central Government employees. The scheme has three fund managers - SBI Pension...

OPINION: Tasks before new Law Commission.
October 31, 2009... from BUSINESS LINE, October 31, 2009 On paper, the Law Commission of India has an ambitious, and even awesome, mandate. It has the authority to recommend the repeal of obsolete laws, simplification of existing ones and, where necessary, propose...

OPINION: Engine resumes rolling.
October 31, 2009... from BUSINESS LINE, October 31, 2009 For a whole year from July 2008, the US economy produced less and less in each successive quarter. This contraction led to a global slowdown, spurring the entire world to follow expansionary fiscal policies....

OPINION: Central banks' 'in' dependence.
October 31, 2009... from BUSINESS LINE, October 31, 2009 The management of the financial crisis has given rise to apprehensions that it might have compromised central bank autonomy vis-a-vis their respective governments. The governments and central banks acted in...

OPINION: Judging Indira Gandhi.
October 31, 2009... from BUSINESS LINE, October 31, 2009 Today, it is exactly 25 years since the assassination of Indira Gandhi. Its memory is still fresh in the minds of Delhi-ites. There is so much to recall and to sort out that it is hard to make sense of what...

TAXATION: Taxes Code curtails CBDT powers.
October 31, 2009... from BUSINESS LINE, October 31, 2009 The International Monetary Fund has brought out several papers on the question of improving tax reform in developing countries. A paper released in 1992 made the famous declaration, "The tax administration is...

TAXATION: Advance pricing agreement.
October 31, 2009... from BUSINESS LINE, October 31, 2009 "The Board, with the approval of the Central Government, may enter into an advance pricing agreement with any person in respect of the arm's length price in relation to an international transaction which may...

NEWS: Pay hikes alone may not be enough to retain workforce.
October 31, 2009... from BUSINESS LINE, October 31, 2009 Chennai, Oct. 30 - Pay increases may be an insufficient tool to retain workforce who would be in greater demand as the economy picks up from next fiscal. The increase is likely to be 2.5 per cent to five...

NEWS: Goods tax may be delayed a few months.
October 31, 2009... from BUSINESS LINE, October 31, 2009 New Delhi, Oct. 30 - The Finance Minister, Mr Pranab Mukherjee, on Friday hinted at some slippage to the scheduled Goods and Services Tax (GST) system rollout by April 1, 2010. Introduction of the GST,...

NEWS: Ministries may prune expenses further.
October 31, 2009... from BUSINESS LINE, October 31, 2009 New Delhi, Oct. 30 - The Central ministries may further prune expenditure on the non-Plan side, while paying increased attention to their priority areas in the coming days. The need to prioritise...

NEWS: HeidelbergCement net doubles.
October 31, 2009... from BUSINESS LINE, October 31, 2009 New Delhi, Oct. 30 - Boosted by higher sales, HeidelbergCement India reported an over two fold rise in net profit during the September- end quarter. Net profit for the July-September quarter rose to Rs 27.05...

NEWS: Mahindra Holidays Q2 net at Rs 28 cr.
October 31, 2009... from BUSINESS LINE, October 31, 2009 Mumbai, Oct. 30 - Increase in confirmed holiday room nights and growth in number of apartments led Mahindra Holidays & Resorts India (MHRIL) to post a net profit of Rs 28 crore for the second quarter...

NEWS: Tata Steel, Riversdale to invest in Mozambique.
October 31, 2009... from BUSINESS LINE, October 31, 2009 Mumbai, Oct. 30 - Tata Steel and Australian Stock Exchange-listed Riversdale Mining have proposed to invest $270 million (Rs 1,279 crore) to undertake the initial stage-one development of the Benga Coal...

NEWS: Tata Power net profit drops 30%.
October 31, 2009... from BUSINESS LINE, October 31, 2009 Mumbai, Oct. 30 - Tata Power Ltd has posted a 30 per cent dip in net profit at Rs 182 crore for the second quarter ended September 30, 2009, as against Rs 261 crore logged in the year-ago quarter. ...

NEWS: Hatsun Agro expands in Maharashtra.
October 31, 2009... from BUSINESS LINE, October 31, 2009 Chennai, Oct. 30 - The Chennai-based Hatsun Agro Product Ltd has expanded its presence into Maharashtra through a 'working tie-up' with a dairy unit there. The move is aimed at gaining additional milk...

NEWS: Usha Martin posts 65% drop in net profit.
October 31, 2009... from BUSINESS LINE, October 31, 2009 Kolkata, Oct. 30 - Usha Martin Ltd posted a standalone PAT (profit after tax) of Rs 14.65 crore for the second quarter to September 30 against Rs 41.85 crore recorded in the corresponding period last fiscal....

CORPORATE: Sun TV net profit up 20%.
October 31, 2009... from BUSINESS LINE, October 31, 2009 Chennai, Oct. 30 - Sun TV Network Ltd posted 20.54 per cent growth in net profits at Rs 130.56 crore for the quarter ended September 30, against Rs 108.31 crore in the comparable previous year quarter....

CORPORATE: Govt gets Rs 61 cr from RCF.
October 31, 2009... from BUSINESS LINE, October 31, 2009 Mumbai, Oct 30 - Rashtriya Chemicals and Fertilizers has handed over Rs 61.23 crore as dividend for the year 2008-09 to the Union Chemicals and Fertiliser Minister, Mr M.K. Alagiri. The Chairman and...

NEWS: Havells' net profit up 23%.
October 31, 2009... from BUSINESS LINE, October 31, 2009 New Delhi, Oct. 30 - Aided by higher operating margins by way of cost reductions, Havells India Ltd reported a growth of 23 per cent in the net profits for the quarter ended September 2009. Net profits for...

LOGISTICS: Cabotage Law changes sought to boost coastal shipping.
October 31, 2009... from BUSINESS LINE, October 31, 2009 Kochi, Oct. 30 - The shipping fraternity in Kochi has called upon the authorities to take a re-look at the existing Cabotage Law given the growing importance of coastal shipping, following the developmental...

MARKETING: Newer brands pep up smartphone market with lower prices.
October 31, 2009... from BUSINESS LINE, October 31, 2009 Bangalore, Oct. 30 - In a market dominated by familiar names such as Nokia and Samsung, lesser known players such as Karbonn, Micromax and Coolpad are sneaking in almost unnoticed with 'smart' handhelds. ...

MARKETING: Direct selling industry likely to top Rs 5,000 cr.
October 31, 2009... from BUSINESS LINE, October 31, 2009 New Delhi, Oct. 30 - The direct selling industry is expected to reach Rs 5,320 crore by 2012-13. Despite an economic slowdown, the industry grew by 17 per cent in 2008-2009 to reach Rs 3,330 crore. "Direct...

NEWS: India-Asean FTA will not affect farmers, small industries.
October 31, 2009... from BUSINESS LINE, October 31, 2009 New Delhi, Oct. 30 - The Commerce Ministry has denied reports that the proposed free trade agreement with the 10-member Association of South Asian Nations (Asean) has no "negative" list for safeguarding the...

MARKET WATCH: Religare posts Rs 30 cr net profit.
October 31, 2009... from BUSINESS LINE, October 31, 2009 Mumbai, Oct. 30 - Religare Enterprises reported a consolidated net profit of Rs 29.9 crore for the quarter ended September 2009 against a loss of Rs 48.2 crore in the corresponding previous quarter. The...

MARKET WATCH: Sterlite Energy plans IPO.
October 31, 2009... from BUSINESS LINE, October 31, 2009 Mumbai, Oct. 30 - Sterlite Energy has filed a draft red herring prospectus with SEBI for an initial public offering to raise up to Rs 5,100 crore. Involved in commercial power generation, the company is...

MARKET WATCH: 90% of ULIP balanced schemes trail Crisil Debt Hybrid.
October 31, 2009... from BUSINESS LINE, October 31, 2009Index Research Bureau Unit-linked insurance plan (ULIP) balanced schemes have not done too well in the one-year period. Policyholders of balanced ULIPs averaged a return of 27.5 per cent for a year. The...

MARKET WATCH: SEBI mulls 15-day futures contracts.
October 31, 2009... from BUSINESS LINE, October 31, 2009 Mumbai, Oct. 30 - The secondary markets advisory committee of the SEBI, which met on Friday, has recommended the introduction of fortnightly futures contracts on the stock exchanges, it is learnt. Now, the...

MARKET WATCH: Stocks hammered due to weak results.
October 31, 2009... from BUSINESS LINE, October 31, 2009 Mumbai, Oct. 30 - The equity markets continued their losing spree for the fifth consecutive day on Friday with the benchmark index, the Sensex, closing below 16,000. While the markets opened on a strong...

MARKET WATCH: Reliance Capital net falls 32%.
October 31, 2009... from BUSINESS LINE, October 31, 2009 Mumbai, Oct. 30 - Reliance Capital's consolidated net profit dipped 32 per cent during the quarter ended September 2009 compared to the corresponding year ago quarter. The company in a statement said the...

MARKET WATCH: Results add to woes of battered telecom stocks.
October 31, 2009... from BUSINESS LINE, October 31, 2009 Mumbai, Oct. 30 - Selling in telecom stocks intensifed on Friday as telecom major Bharti Airtel announced lower than expected results. Bharti Airtel's net profit for the second quarter of the fiscal was...

CORPORATE: GMR to enter power sector in Turkey.
October 31, 2009... from BUSINESS LINE, October 31, 2009 Istanbul, Oct. 30 - The Bangalore-based GMR Group is looking at venturing into power and road projects in Turkey. It has just completed an airport project in that country 12 months ahead of schedule. ...

NEWS: Govt will step up reforms, says PM.
October 31, 2009... from BUSINESS LINE, October 31, 2009 New Delhi, Oct. 30 - The Prime Minister, Dr Manmohan Singh, has said the country needs to aim at sustained economic growth of 9-10 per cent in the coming years. Speaking at an event here, he said the...

NEWS: EU seeks more freedom to invest in India's bank sector.
October 31, 2009... from BUSINESS LINE, October 31, 2009 New Delhi, Oct 30 - The European Union has sought more freedom for investing in the Indian banking and financial services sector. "There is definitely a win-win situation should India decide to open up...

NEWS: Ordinance brings early end to MRTPC.
October 31, 2009... from BUSINESS LINE, October 31, 2009 New Delhi, Oct. 30 - The antimonopoly watchdog, the Monopolies and Restrictive Trade Practices Commission (MRTPC), has gone with a whimper after four decades. Its quiet end came on October 14, 2009 with...

AGRI-BUSINESS: Agri reforms must to attract investments, says US.
October 31, 2009... from BUSINESS LINE, October 31, 2009 Chennai, Oct. 30 - India should push through agriculture reforms and strengthen intellectual property protection for increased US investments in the agriculture and food processing industries, said Mr Bob...

AGRI-BUSINESS: Spot rubber rules steady.
October 31, 2009... from BUSINESS LINE, October 31, 2009 Kottayam, Oct. 30 - Physical rubber prices finished almost steady on Friday. The market opened better following the bullish international indices but lost strength towards closing hours lacking solid support...

AGRI-BUSINESS: Rains to continue for another 2-3 days.
October 31, 2009... from BUSINESS LINE, October 31, 2009 Thiruvananthapuram, Oct 30 - The North-East monsoon continued to be active over coastal Tamil Nadu during the 24 hours ending Friday morning, according to an update by the Chennai Regional Met Centre. ...

STATES: Ericsson inks training pact with 12 colleges.
October 31, 2009... from BUSINESS LINE, October 31, 2009 Coimbatore, Oct. 30 - Swedish telecom giant Ericsson has signed a pact with 12 engineering colleges for providing a telecom certification programme. The institutes are Amity School of Telecom, Noida;...

STATES: Crops withering in Dindigul.
October 31, 2009... from BUSINESS LINE, October 31, 2009 Madurai, Oct. 30 - Rain-fed crops in several pockets of Dindigul district are reportedly withering due to lack of rainfall. Farmers have raised crops in largescale, expecting at least moderate rains in...

STATES: Andhra Bank credit growth yet to pick up in Tirupur, Coimbatore.
October 31, 2009... from BUSINESS LINE, October 31, 2009 Chennai Oct. 30 - Andhra Bank's Tamil Nadu and Pondicherry zone states that export credit to Tirupur and Coimbatore is yet to witness a pick-up in growth. Mr D. Jogiraju, General Manager, Andhra Bank, said...

STATES: Modi tests positive for swine flu.
October 31, 2009... from BUSINESS LINE, October 31, 2009 Gandhinagar, Oct. 30 - Two days after returning from Russia, the Gujarat Chief Minister, Mr Narendra Modi, has tested positive for swine flu (H1N1 virus) and has been advised rest for a week, with his...

STATES: Level playing field with cable will help direct-to-home industry.
October 31, 2009... from BUSINESS LINE, October 31, 2009 Chennai, Oct. 30 - Direct-to-home service provider Sun Direct says a level playing field with cable operators will help grow the DTH industry to a healthy level. According to Mr Tony D'Silva, Chief...

STATES: Combating terrorism.
October 31, 2009... from BUSINESS LINE, October 31, 2009 Copyright 2009 Business Line

STATES: Unity Infra gets Rs 265-cr order.
October 31, 2009... from BUSINESS LINE, October 31, 2009 Mumbai, Oct. 30 - The Mumbai-based Unity Infraprojects has bagged a Rs 265.39-crore contract from the Municipal Corporation of Greater Mumbai (MCGM) to re-develop the 520-bed R.N. Cooper Hospital. The...

STATES: ISB ties up with Canadian B-school.
October 31, 2009... from BUSINESS LINE, October 31, 2009 Bangalore, Oct. 30 - The Indian School of Business (ISB) today announced the setting up of a Centre for Case Development at the ISB. The announcement was followed by the signing of a memorandum of...