Business Line articles from October 2010, page 8

Business Line archives from October 2010

NEWS: Dr Reddy's Q2 net profit up 32%.(Financial report)
October 24, 2010... from BUSINESS LINE, October 24, 2010 Hyderabad, Oct. 23 - Pharma major Dr Reddy's Laboratories Ltd's consolidated net profit increased 32 per cent at Rs 286.7 crore in the second quarter ended September 30, compared with Rs 217.3 crore in the...

NEWS: SKS Microfinance Q2 net profit zooms to Rs 80 cr.(Financial report)
October 24, 2010... from BUSINESS LINE, October 24, 2010 Hyderabad, Oct. 23 - SKS Microfinance Ltd's net profit more than doubled at Rs 80.5 crore in the second quarter ended September 30, 2010 compared with Rs 37 crore in the corresponding quarter of the previous...

CORPORATE: Refiners await more compensation to stay afloat.
October 24, 2010... from BUSINESS LINE, October 24, 2010 Mumbai, Oct. 23 - With their second quarter results due in a week, IndianOil, Hindustan Petroleum Corporation and Bharat Petroleum Corporation are hoping that additional money will come in from the Finance...

CORPORATE: 'Soft luggage to account for more than half our turnover'.(Interview)
October 24, 2010... from BUSINESS LINE, October 24, 2010 VIP Industries, a player in the luggage market, is expanding its soft luggage products portfolio. Mr Dilip Piramal, Chairman, VIP Industries, spoke with Business Line on the changing dynamics of the business....

CORPORATE: Fee income lifts Edelweiss Capital Q2 net 2%.
October 24, 2010... from BUSINESS LINE, October 24, 2010 Mumbai, Oct. 23 - Edelweiss Capital reported a two per cent rise in its consolidated net profit for the quarter ended September 20, on a year-on-year basis. The net profit increased to Rs 66.1 crore from Rs...

CORPORATE: Anil Ambani group to invest Rs 75,000 cr in M.P.
October 24, 2010... from BUSINESS LINE, October 24, 2010 Khajuraho, Oct. 23 - The Anil Dhirubhai Ambani Group will invest Rs 75,000 crore in core power, mining and cement projects in the next five years in Madhya Pradesh. Mr Anil Ambani, Chairman, Reliance ADA...

COMMODITIES: Palm oil may test support, rise.
October 24, 2010... from BUSINESS LINE, October 24, 2010 Malaysian palm oil futures ended lower, along with other commodities which were hit by a new US proposal to limit financial risk taking. Palm oil prices have lost nearly 8 per cent so far this year, with much...

COMMODITIES: Spot rubber rules steady.
October 24, 2010... from BUSINESS LINE, October 24, 2010 Kottayam, Oct. 23 - Physical rubber prices finished almost unchanged on Saturday. The weekend session was comparatively inactive and a slight recovery in domestic futures failed to make any visible impact in...

: Jaypee Infratech: Buy.
October 24, 2010... from BUSINESS LINE, October 24, 2010 The stock of Jaypee Infratech could be a dark horse play on the infrastructure and real estate segments in the northern region of the country. Investors with a penchant for risk can consider investing in the...

INVESTMENT WORLD: "You cannot put next month's loan instalment into the equity market!".
October 24, 2010... from BUSINESS LINE, October 24, 2010 Mr Amitava Neogi, Executive Director, Morgan Stanley Private Wealth Management, spoke to Business Line and offered insights on how investors should today approach a range of asset classes - stocks, overseas...

INVESTMENT WORLD: Dial into the market on your mobile!
October 24, 2010... from BUSINESS LINE, October 24, 2010 A few years ago, putting through a stock market trade meant calling your broker, explaining the transaction in painstaking detail and then waiting in suspense to see if your order actually got executed! With...

MARKET WATCH: Query Corner: Asian Paints in a long-term uptrend.(Industry overview)
October 24, 2010... from BUSINESS LINE, October 24, 2010 Could you please tell me the outlook for Rolta purchased at Rs 174.5? -- Krishnan Rolta India (Rs 164.7): Rolta India faces long-term resistance in the band between Rs 200 and Rs 220. In our review of this...

MARKET WATCH: Sizzling stocks: Canara Bank (Rs 731.5).
October 24, 2010... from BUSINESS LINE, October 24, 2010 The stock advanced 3.6 per cent after the company's Q2 results announcement on October 20. In the subsequent two trading sessions, the stock zoomed to record life-time high of Rs 738 and finished the week...

MARKET WATCH: Pivotals: Reliance Industries (Rs 1,081.4).
October 24, 2010... from BUSINESS LINE, October 24, 2010 Reliance Industries surged 3.8 per cent last week, decisively breaching its significant resistance level of Rs 1,050. It is trading well above its 50 and 200-day moving averages. Since its September trough of...

MARKET WATCH: Index Outlook: Market entering a bumpy stretch.
October 24, 2010... from BUSINESS LINE, October 24, 2010 Sensex (20,165.8) Progress of the Coal India's public issue dominated last week's trading. The mood in the 5market swung from trepidation to exultation as the issue romped home with oversubscription in every...

MARKET WATCH: Stock Strategy: Consider going short on Unitech, Tata Motors.
October 24, 2010... from BUSINESS LINE, October 24, 2010 Narayanan Unitech (Rs 89): The stock, after witnessing sharp gains last month, failed to sustain the momentum and has now turned weak. It finds an immediate support at Rs 82 and resistance at Rs 90. A close...

MARKET WATCH: Bond funds are not bonds: Beware the price risk.
October 24, 2010... from BUSINESS LINE, October 24, 2010 Bonds constitute an important part of any investment portfolio. Individual investors can take exposure to bonds through bond mutual funds. The characteristics of bond funds are, however, different from that...

MUTUAL FUNDS: FT India Dynamic PE Ratio FoF: Invest.
October 24, 2010... from BUSINESS LINE, October 24, 2010 Investors looking to tactically manage their asset allocation across equities and debt can consider adding exposure to Franklin Templeton India Dynamic PE Ratio FoF. The scheme dynamically changes its asset...

MUTUAL FUNDS: Sectors, the key.
October 24, 2010... from BUSINESS LINE, October 24, 2010 The track record of opportunities funds over the last year has been quite reasonable, going by their returns in relation to benchmarks. Of the 14 funds in this category, as many as 11 (or about 80 per...

MUTUAL FUNDS: Reliance Equity Opportunities: Invest.
October 24, 2010... from BUSINESS LINE, October 24, 2010 Investment can be considered in Reliance Equity Opportunities Fund through systematic investment plan. The fund's performance over a three- and five-year period inspires confidence. Over the above periods...

MUTUAL FUNDS: Fund update.
October 24, 2010... from BUSINESS LINE, October 24, 2010 Axis Mutual Fund has launched Axis Gold Fund. Axis Gold Fund is an open ended gold exchange traded fund with investment objective to generate returns that are in line with the performance of gold. The scheme...

MUTUAL FUNDS: Fund talk.
October 24, 2010... from BUSINESS LINE, October 24, 2010 Can I sell my fund holdings? I am investing through SIP route in HDFC Top 200, DSP BR Equity, IDFC Premier Equity. I have a long term horizon of 20 years and can invest till then. Since the market is nearing...

INVESTMENT WORLD: Sunteck's high-end signature.
October 24, 2010... from BUSINESS LINE, October 24, 2010 Sunteck Realty, a Mumbai-based premium real estate developer, has announced the launch of a luxury residential tower, Signia High, in the heart of Borivali (East), a western suburb, according to a press...

INVESTMENT WORLD: IT rebound perks up southern realty.
October 24, 2010... from BUSINESS LINE, October 24, 2010 With the IT sector in a rush to recruit to match its expansion plans, there is increased off-take of commercial and office space in the IT hubs of the three southern cities of Hyderabad, Chennai and...

INVESTMENT WORLD: Siemens' offices to go green.
October 24, 2010... from BUSINESS LINE, October 24, 2010 Siemens Ltd plans to make all its offices in India 'green', with environment protection and energy conservation, according to a press release. Siemens, one of the largest players in the green building...

INVESTMENT WORLD: Demand for commercial space rising in Bangalore.
October 24, 2010... from BUSINESS LINE, October 24, 2010 Bangalore will soon overcome the slowdown of the last two years in the commercial real-estate segment , when demand for office space had dipped severely. With the IT/ITeS sector back on the path of...

INVESTMENT WORLD: 52-WEEK BLOCKBUSTER: FORCE MOTORS.
October 24, 2010... from BUSINESS LINE, October 24, 2010 The massive returns of the Force Motors stock can be attributed to the turnaround in the auto sector coupled with its entry into new segments. A favourable demand environment enabled the company make profits...

INVESTMENT WORLD: 52-WEEK FLOP: EURO MULTIVISION.
October 24, 2010... from BUSINESS LINE, October 24, 2010 The stock of Euro Multivision is down 46 per cent from the price at which its public issue was made in September, last year. While the initial fall in stock price could be attributed to scepticism of...

INVESTMENT WORLD: L&T Infrastructure Finance - For investors seeking diversification.
October 24, 2010... from BUSINESS LINE, October 24, 2010 In two months retail investors, who until now had limited fixed income choices, have been flooded with debt issuances from companies in the infrastructure space. This trend may stay for some time, as...

INVESTMENT WORLD: Wealth preservation across generations.
October 24, 2010... from BUSINESS LINE, October 24, 2010 Tribes that survive the longest ensure their preservation by practising 'seventh-generation thinking,' informs a thought of James E. Hughes Jr. cited in Family Legacy and Leadership: Preserving true family...

INVESTMENT WORLD: Financial Planning - Match income and investment.
October 24, 2010... from BUSINESS LINE, October 24, 2010 I am 44 years and working in a private company. My net earnings amount to Rs 42,000 a month. My wife, 36, gets rental income of Rs 25,000 a month. She is a homemaker. My monthly household expense is Rs...

INVESTMENT WORLD: Avenues to park money.
October 24, 2010... from BUSINESS LINE, October 24, 2010 One of the toughest decisions that an investor faces today is 'where to invest?' The Sensex is back at 20,000 levels, gold recently touched its all-time high and property rates are back to pre-crisis days....

INVESTMENT WORLD: Of beach-front houses, traffic and hormones.
October 24, 2010... from BUSINESS LINE, October 24, 2010 On the way to a business school, I travel on a long stretch of road which has beautiful beach-front houses. Many of us would like to live in such houses. But they are way off the city limits. The question is:...

INVESTMENT WORLD: Kick-start your business.
October 24, 2010... from BUSINESS LINE, October 24, 2010 An entrepreneur needs to network with people; he can't sit in a cave and imagine things. Sanjay Anandaram, one of the founding partners of the venture fund, JumpStartUp, has played a mentor's role in many...

INVESTMENT WORLD: Heard in the studio.
October 24, 2010... from BUSINESS LINE, October 24, 2010 It was an action-packed week as usual and the studio witnessed some interesting conversations on companies. Here are some of the sound bytes. Vyas: It has been a hectic seven days, what with several large...

INVESTMENT WORLD: Holiday tips.
October 24, 2010... from BUSINESS LINE, October 24, 2010 Vacations and holidays form an important part of our lives and we all look forward to them. But they also bring with them unforeseen costs and unnecessary expenditures. Here are a few ways to help you save...

INVESTMENT WORLD: Brandhouse Retails: Hold.
October 24, 2010... from BUSINESS LINE, October 24, 2010 Investors can remain invested in the stock of Brandhouse Retails, based on its portfolio of well-established brands, a move into the promising mid-priced segment with an international brand and an extensive...

INVESTMENT WORLD: Top Movers.
October 24, 2010... from BUSINESS LINE, October 24, 2010 It was another week marked by big swings in benchmark indices. Steep slides of 0.6 to 1 per cent on Tuesday and Wednesday were followed by a strong comeback on Thursday with a two per cent gain. The BSE...

INVESTMENT WORLD: Tata Steel: Hold.
October 24, 2010... from BUSINESS LINE, October 24, 2010 Investors could consider holding on to their shares in steel producer Tata Steel whose product mix and operations are looking much stronger in light of the ongoing brownfield expansion plans in India, a foil...

FRONT PAGE: Piramal Healthcare to buy back up to 20% at Rs 600 a share.
October 23, 2010... from BUSINESS LINE, October 23, 2010 Mumbai, Oct. 22 - With the Rs 17,000-crore sale of its domestic formulations business to Abbott being completed in September, the board of Piramal Healthcare Ltd gave its green signal to buy back up to 20 per...

FRONT PAGE: Wipro Q2 net profit falls marginally.
October 23, 2010... from BUSINESS LINE, October 23, 2010 Bangalore, Oct. 22 - Impacted by lower forex realisation and lower growth in hi-tech and telecom services sectors, Wipro Ltd posted a 2.5 per cent dip in sequential net profit for the July-September quarter...

FRONT PAGE: Madhya Pradesh offers sops for value-added mining.
October 23, 2010... from BUSINESS LINE, October 23, 2010 Khajuraho, Oct. 22 - Companies exploring mining prospects in Madhya Pradesh could benefit if sufficient value addition is done in the State. This is the salient feature of the new investment policy...

FRONT PAGE: Repellent producing units buzzing with action.
October 23, 2010... from BUSINESS LINE, October 23, 2010 New Delhi, Oct. 22 - The noisy drone of mosquitoes may scare you, but, it is sweet music to insect repellent makers going by their soaring growth figures. Dabur, which markets Odomos, says it has clocked...

CORPORATE: Suryajyoti Spinning Q2 net rises.
October 23, 2010... from BUSINESS LINE, October 23, 2010 Hyderabad, Oct. 22 - Yarn and fabric manufacturer Suryajyoti Spinning Mills has clocked a net profit of Rs 5.57 crore for the second quarter of the current fiscal, against Rs 57 lakh in the year-ago period,...

CORPORATE: Toshiba-Mitsubishi venture sets up Indian arm.
October 23, 2010... from BUSINESS LINE, October 23, 2010 Mumbai, Oct. 22 - TMEIC, a joint venture between Toshiba and Mitsubishi-Electric Corporation, has set up its wholly-owned Indian arm, TMEIC Industrial Systems India. This will help tap the growing...

CORPORATE: Reliance to shut down crude distillation, coker unit.
October 23, 2010... from BUSINESS LINE, October 23, 2010 Mumbai, Oct. 22 - Reliance Industries has informed BSE that the company plans to shut down one of the crude distillation unit and coker at Jamnagar refinery for maintenance and inspection for a period of...

CORPORATE: Toyota may consider India as production hub.
October 23, 2010... from BUSINESS LINE, October 23, 2010 Nagoya (Japan), Oct. 22 - Toyota Motor Corporation (TMC) has said that it could look at India as a production hub for various models while it expects emerging countries to produce an equal number of cars as...

CORPORATE: Sobha Developers net doubles on higher sales.
October 23, 2010... from BUSINESS LINE, October 23, 2010 Bangalore, Oct. 22 - Real-estate developer Sobha Developers' net profit for the quarter ended September 30, 2010, more than doubled to Rs 58.9 crore compared with Rs 27.5 crore recorded during the...

CORPORATE: 'We welcome NELP-IX's retention of acreage provision'.
October 23, 2010... from BUSINESS LINE, October 23, 2010 Mumbai, Oct. 22 - Mr Naresh Nayyar, Managing Director, Essar Oil, is upbeat on NELP-IX which kicked off with much fanfare in Mumbai recently. He reiterates that the company is keen on building up a strong...

CORPORATE: Toyota rules out cars smaller than Etios for India.
October 23, 2010... from BUSINESS LINE, October 23, 2010 Nagoya (Japan,) Oct. 22 - Even as other global car makers are planning to launch several more small cars in India, Toyota Motor Corporation has completely ruled out any move to launch a smaller car other than...

CORPORATE: TNPL Q2 net jumps 79% on higher realisation.
October 23, 2010... from BUSINESS LINE, October 23, 2010 Chennai, Oct. 22 - Tamil Nadu Newsprint and Papers Ltd has reported a 79 per cent jump in net profit for the second quarter in the current year as compared with the corresponding period last year. ...

CORPORATE: Rajasthan State Petro short-listing partner for underground coal gasification project.
October 23, 2010... from BUSINESS LINE, October 23, 2010 Kolkata, Oct 22 - Rajasthan State Petroleum Corporation Ltd (RSPCL) - a wholly-owned subsidiary of the State-owned Rajasthan State Mines and Minerals Ltd - may spin off a joint venture to undertake the...

CORPORATE: Eli Lilly launches new cardio drug.
October 23, 2010... from BUSINESS LINE, October 23, 2010 New Delhi, Oct. 22 - Eli Lilly and Company has launched its latest cardiovascular product, "Effient" (Prasugrel) in India. Effient is an oral antiplatelet (OAP) agent that has been approved for patients...

CORPORATE: Biocon defers research arm Syngene's IPO.
October 23, 2010... from BUSINESS LINE, October 23, 2010 Bangalore, Oct. 22 - Biocon Ltd on Friday said it will not take up the planned public issue of its contract research arm Syngene this year. It would have a single global programme for its revolutionary...

CORPORATE: Draft rehab scheme for BHPV approved.
October 23, 2010... from BUSINESS LINE, October 23, 2010 Visakhapatnam, Oct 22 - The Board for Industrial and Financial Reconstruction (BIFR) on Thursday approved the draft rehabilitation scheme (DRS) for the Bharat Heavy Plate and Vessels (BHPV) here, a subsidiary...

CORPORATE: Raymond settles VRS issue with workers.
October 23, 2010... from BUSINESS LINE, October 23, 2010 Mumbai, Oct. 22 - Mr Gautam Singhania-owned Raymond will be giving a total package of Rs 260 crore in voluntary retirement scheme to 1,885 workers in its Thane textile factory. The operations at the...

BANKING/FINANCE: Indian Bank profit rises 12% on growth in advances.(Financial report)
October 23, 2010... from BUSINESS LINE, October 23, 2010 Chennai, Oct. 22 - Indian Bank reported 12 per cent growth in net profit for the July-September quarter of the current year - Rs 416 crore compared with Rs 372 crore for the same period the previous year,...

BANKING/FINANCE: Follow-on offer likely next year: Indian Bank CMD.
October 23, 2010... from BUSINESS LINE, October 23, 2010 Chennai, Oct. 22 - Expect Indian Bank's follow-on public offer (FPO) next year. Some time after the year-end auditing is over the bank might begin work on it, says the bank's Chairman and Managing Director,...

BANKING/FINANCE: Vijaya Bank net profit up 33% at Rs 144 crore.(Financial report)
October 23, 2010... from BUSINESS LINE, October 23, 2010 Bangalore, Oct. 22 - Vijaya Bank's net profit for the quarter ended September 30, 2010, grew 33 per cent to Rs 144.3 crore, from Rs 108.42 crore recorded during the corresponding period last year. This was...

BANKING/FINANCE: Bank of India Q2 net surges 91% on interest income.
October 23, 2010... from BUSINESS LINE, October 23, 2010 Mumbai, Oct. 22 - In a bid to streamline functioning of existing lines of business, Bank of India (BoI) plans to kick-off a comprehensive organisational restructuring exercise whereby various departments will...

BANKING/FINANCE: M&M Financial Services net jumps 68%.
October 23, 2010... from BUSINESS LINE, October 23, 2010 Mumbai, Oct. 22 - Mahindra and Mahindra Financial Services' consolidated net profit surged 68 per cent to Rs 123 crore for the quarter ended September 30, against Rs 72 crore in the same period last year. ...

BANKING/FINANCE: Now, single premium option for unit-linked pension plans.
October 23, 2010... from BUSINESS LINE, October 23, 2010 Mumbai, Oct. 22 - After the initial hesitation, some of the private sector life insurance companies are launching unit-linked pension plans, but only with a single premium option. While ICICI Prudential...

BANKING/FINANCE: External commercial borrowings up 45% in H1.
October 23, 2010... from BUSINESS LINE, October 23, 2010 Mumbai, Oct 22 - Indian companies raised 45 per cent more money from overseas markets by tapping the external commercial borrowing (ECB) route in the first six months of the current financial year (H1FY2011)...

BANKING/FINANCE: Wage arrears to be paid on Nov 1.
October 23, 2010... from BUSINESS LINE, October 23, 2010 Kochi, Oct. 22 - The public sector general insurance employees will get their salary arrears on November 1. The amended scheme to increase the wage structure was notified by the Central Government, two weeks...

BANKING/FINANCE: Private banks report higher interest income, stable margins.
October 23, 2010... from BUSINESS LINE, October 23, 2010 Mumbai, Oct. 22 - The private sector banks that have declared their second quarter results so far reported stable margins, thanks to lower cost of funds and higher interest income, compared with the...

BANKING/FINANCE: Indiabulls Financial net surges.
October 23, 2010... from BUSINESS LINE, October 23, 2010 Mumbai, Oct. 22 - Indiabulls Financial Services posted net profit of Rs 174 crore, for the quarter ended September 30, higher by 138 per cent up from Rs 73 crore in the corresponding period last year. Total...

INFO-TECH: Wipro says clients still averse to multi-year deals.
October 23, 2010... from BUSINESS LINE, October 23, 2010 Bangalore, Oct. 22 - Even if the flow of deals in the IT sector is good now, it has not reached the pre-crisis levels seen in 2007, according to Mr Girish Paranjpe, Joint CEO - IT Business, Wipro Ltd. ...

INFO-TECH: Eyes Latin America, China, Africa for acquisitions.
October 23, 2010... from BUSINESS LINE, October 23, 2010 Bangalore, Oct. 22 - Wipro, which is sitting on a cash pile of $1 billion, is eyeing the markets of Latin America, China and Africa for acquisitions. According to Mr Suresh Senapaty, Chief Financial Officer,...

INFO-TECH: New internal policies help bring down attrition level during Q2.
October 23, 2010... from BUSINESS LINE, October 23, 2010 Bangalore, Oct. 22 - Though attrition levels have been on the rise since March 2010, when employees sensed the first waves of economic recovery, Wipro saw a slight change in employee exit trends during the...

INFO-TECH: TCS to increase campus offers in 2011-12.
October 23, 2010... from BUSINESS LINE, October 23, 2010 Mumbai, Oct. 22 - After upping the gross hiring target for this fiscal, Tata Consultancy Services is now getting aggressive on the campus hiring front. The company, which writes software applications and...

INFO-TECH: NIIT Ltd posts 9% rise in Q2 net, but revenues fall 4%.(Financial report)
October 23, 2010... from BUSINESS LINE, October 23, 2010 New Delhi, Oct 22 - IT training company NIIT Ltd on Friday posted a nine per cent year-on-year rise in consolidated net profit for second quarter ended September 2010, and said that hiring sentiments are...

INFO-TECH: Beta version of WikiBhasha.
October 23, 2010... from BUSINESS LINE, October 23, 2010 Bangalore, Oct. 22 - Microsoft Research has launched the beta version of WikiBhasha, a multilingual content creation tool for Wikipedia. The WikiBhasha tool enables contributors to Wikipedia to find content...

INFO-TECH: Apex court stays telecom tribunal order on 2G spectrum fee hike.
October 23, 2010... from BUSINESS LINE, October 23, 2010 New Delhi, Oct. 22 - The Supreme Court on Friday stayed an order of the Telecom Disputes Settlement and Appellate Tribunal, which had earlier upheld the Department of Telecommunication's decision to increase...

INFO-TECH: Mobile number portability may be further delayed.
October 23, 2010... from BUSINESS LINE, October 23, 2010 New Delhi, Oct 22 - Mobile number portability, which allows subscribers to retain their phone numbers even as they change their operator, is likely to miss the October 31 deadline. Number portability was...

MARKETING: Wipro Consumer eyes strong regional brands.
October 23, 2010... from BUSINESS LINE, October 23, 2010 Bangalore, Oct. 22 - Wipro Consumer Care and Lighting is open to acquiring companies that have a significant equity in a few regions, rather than one with a wide footprint but insignificant national market...

MARKETING: VIP to go 'Footloose' with new luggage brand.
October 23, 2010... from BUSINESS LINE, October 23, 2010 New Delhi, Oct. 22 - Luggage maker VIP Industries Ltd is getting ready for the next-stage evolution. The 40-year-old-brand from the Piramal stable, is repositioning its various brands. "There is a lot of...

OPINION: Improving economic ties with Japan.
October 23, 2010... from BUSINESS LINE, October 23, 2010 The global financial crisis and the resulting slowdown and protectionism in the West provide India with a good opportunity to strengthen its look-East policy, by signing a Comprehensive Economic Partnership...

OPINION: Drug patents.
October 23, 2010... from BUSINESS LINE, October 23, 2010 This is with respect to the article on drug patent laws ( Business Line, October 21). There are many drugs, such as anti-retroviral drugs used in HIV therapy, that Western pharma companies hold a monopoly...

OPINION: Food security.
October 23, 2010... from BUSINESS LINE, October 23, 2010 Regarding the editorial "Nutrition insecurity" ( Business Line, October 21), the situation prevailing in the country is very worrisome. Reports have it that of about 1.83 million children below five years...

OPINION: Exchange rate and capital flows.
October 23, 2010... from BUSINESS LINE, October 23, 2010 As the Reserve Bank of India (RBI) undertakes its mid-term review of the economy and policy, it faces the prospect of rupee appreciation and steady inflation proceeding hand in hand. Appreciation should...

OPINION: Success, at last.
October 23, 2010... from BUSINESS LINE, October 23, 2010 The thumping success of Coal India's Initial Public Offering (IPO), the largest in the Indian equity market till date, has many positive implications for the domestic economy and its capital markets. This...

TAXATION: Not-so-charitable to trusts.
October 23, 2010... from BUSINESS LINE, October 23, 2010 It is common knowledge that some organisations abuse the tax exemption provisions for charitable purposes by indulging in activities which cannot strictly be considered charitable. The Government has,...

TAXATION: Orders short on reasoning.
October 23, 2010... from BUSINESS LINE, October 23, 2010 The Supreme Court and the High Courts have been emphasising time and again that the Income-Tax Appellate Tribunal (ITAT) should pass self-contained, reasoned and speaking orders. However, a recent ITAT order,...

TAXATION: Energising the presumptive tax scheme.
October 23, 2010... from BUSINESS LINE, October 23, 2010 The Direct Taxes Code Bill, 2010 (DTC) seeks to reach out to the diehard tax-evaders in business by offering them virtually an olive branch, if not by raising a white flag. On a turnover up to Rs 1 crore - as...